Author: Bpay News
The Bitcoin correction phase is a critical moment for investors and market analysts alike, as it signifies a period of heightened volatility and price adjustments in the cryptocurrency’s journey.According to a recent Bitcoin market analysis by Matrixport, the cryptocurrency has broken key technical levels, indicating that it remains ensnared in a correction phase.
Bitcoin has been identified as undervalued by a significant majority of institutional investors, presenting a compelling opportunity for savvy traders and long-term holders alike.Despite its current valuation at approximately $87,600—over 30% down from its all-time high of $126,080—many analysts are confident that Bitcoin could rebound to a price range of $85,000 to $95,000.
Bitcoin undervaluation is a hot topic among institutional investors, especially as recent reports suggest that a vast majority perceive its current market price as significantly lower than its true worth.According to Coinbase’s latest survey, approximately 70% of institutional investors believe Bitcoin is undervalued, with optimal pricing estimated between $85,000 and $95,000.
Kalshi trading volume has seen remarkable growth, reaching an impressive $6.7 billion in January alone.This surge not only highlights Kalshi’s rapidly expanding influence in the financial markets but also signals pivotal Kalshi updates that traders should be aware of.
The recent increase in ETH holdings by a significant whale has drawn attention to the dynamics of whale trading activity in the cryptocurrency market.On-chain analysis reveals that this particular address, known for its strategic moves, converted WBTC back to WETH, leading to a remarkable 6.45% increase in ETH holdings.
Kalshi open contracts have emerged as a revolutionary tool in the trading world, demonstrating impressive growth by reaching $410 million in value—a staggering fourfold increase in just six months.This surge reflects a burgeoning interest in diverse contract categories, particularly in the sports sector, where open contracts now account for 50% of total trading volume.
INFINEX market value prediction is at the forefront of investor discussions as the launch date approaches.Recent developments suggest that traders are making bold bets on the valuation of this new cryptocurrency.
Gold prices have reached extraordinary heights, climbing past $5,000 as geopolitical tensions and international trade disputes escalate.This surge in gold pricing underscores a keen investor sentiment shifting towards safe haven assets as global uncertainties mount.
On-chain transactions are reshaping the landscape of cryptocurrency adoption, as highlighted by the recent success of PENGUIN.This innovative project serves as a testament to the enduring power and potential of blockchain technology, demonstrating that on-chain interactions are a vital component of the crypto ecosystem.
The spotted lanternfly, an invasive pest from Asia, has sparked significant concern as its invasion spreads across Kentucky and other states.Initially introduced to the United States, these pests pose a severe threat to local ecosystems, particularly impacting crops like grapes, apples, and peaches.