Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins. Amp (AMP) dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap…

Amp crypto price prediction as whale buying continues

Bitcoin is on a rocket path to $1 million, with Finder’s expert panel citing 
institutional adoption, global instability, and digital scarcity as key 
drivers of unstoppable growth. Finder Survey Sees Bitcoin Reaching $459K by 
2030, Climbing Past $1M by 2035 Relentless institutional inflows, geopolitical 
disruption, and emerging monetary policies are setting the stage for a […]

Bitcoin Projected to Hit $459K by 2030, Surpassing $1M by 2035: Finder Panel

Institutional adoption of crypto ETFs signals a shift towards mainstream 
acceptance, potentially increasing crypto&#8217;s role in diversified portfolios.
The post Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed 
accounts appeared first on Crypto Briefing.

Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed accounts

The altcoin market is flashing a familiar signal that preceded its most 
explosive rallies in the past. After months of uncertainty and price 
consolidation, a new analysis suggests that altcoins have just reclaimed a 
critical trendline—the same one that marked the beginning of the 2017 and 2021 
bull runs. With market patterns aligning and fractals emerging, analysts are 
now questioning whether the conditions are once again ripe for a massive 
altcoin breakout. Altcoins Eye Vertical Move As Bear Trap Ends The altcoin 
market may be on the brink of a historic breakout, according to a recent chart 
analysis by crypto expert Merlijn The Trader. The analyst draws parallels 
between the current cycle and those of 2017 and 2021. The analyst’s chart, 
published on X social media, shows that the total altcoin market 
capitalization has reclaimed a long-term ascending trendline that had preceded 
previous vertical expansions during major bull runs. Related Reading: Altcoin 
Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert 
Says In earlier cycles, altcoins briefly broke this trendline in what was 
identified as a “bear trap” before swiftly reversing and launching into 
explosive growth phases. Merlijin The Trader reveals that this pattern appears 
to be repeating in this cycle, as the current market structure mirrors 
previous setups that triggered rapid valuation increases across the altcoin 
sector. The ascending trendline recovery is framed within a red box in the 
chart, consistent with the zones that marked the end of prior downtrends. In 
each instance, the reclaim was followed by aggressive upward movement, 
highlighted by green boxes that represented parabolic gains in the total 
market cap. Merlijn The Trader suggests that the recent rebound indicates the 
completion of another bear trap, signaling renewed bullish momentum. Green 
arrows placed below the price curve, matching the timing of previous breakouts 
within the analyst’s chart, imply that the altcoin market could be preparing 
for another phase of expansion. If the historical fractal holds, the analyst 
forecasts a sharp vertical rally for altcoins, with valuations possibly 
reaching the $10-$16 trillion range. Altcoin Market Mirror 2016-2018 Breakout 
Setup In another fresh analysis, Merlijn The Trader noted that the altcoin 
market cap is showing signs of repeating a historical pattern that previously 
led to a major bull rally. A comparison between the 2016-2018 market cycle and 
the current one reveals an almost identical structure playing out, albeit on a 
much larger scale. Related Reading: Bitcoin Dominance Holds Altcoin Season At 
Bay, Analyst Says No Upside Until This Happens The market appears to have 
formed a Double Bottom, followed by a mid-cycle correction and consolidation 
within a descending broadening wedge pattern. This same fractal unfolded 
before the explosive altcoin rally in 2017. The analyst’s chart also 
illustrates that in the previous cycle, altcoins broke out of this same wedge 
pattern, resulting in a massive surge in market capitalization, which he 
referred to as “Pump 2.0”. With the same breakout now confirmed for this 
cycle’s market structure, Merlijn The Trader predicts that the altcoin sector 
may be entering its next parabolic expansion phase. This development could 
mark the end of the altcoin market&#8217;s current bear phase and the beginning of a 
second macro pump similar to what occurred between 2017 and early 2018. 
Featured image from Unsplash, chart from Tradingview.com

Altcoins Reclaim Trendline That Led To 2021 Explosion, Will History Repeat Itself?

Bitcoin ETFs kicked off the week with a healthy $217 million in net inflows, 
continuing the July rally. Ether ETFs added to the positive sentiment with 
$62.11 million in inflows, driven primarily by Blackrock and Fidelity. ETF 
Momentum Builds: Bitcoin Sees $217 Million Inflow, Ether Adds $62 Million 
Investors returned from the holiday stretch with […]

Bitcoin and Ether ETFs Open the Week With Strong Inflows

Bitcoin’s inflow/outflow ratio fell to 2022 lows, and the cumulative volume 
delta shows short-selling pressure failing to push prices lower. Time for a 
rally?