Experts Highlight Key Cryptocurrency Price Movements

By: cointurk|2025/05/09 00:15:01
0
Share
copy
Currently, the price of Bitcoin (BTC) $ 100,421 stands at $99,260, witnessing significant movement as Ethereum (ETH) $ 2,017 returns to the $2,000 threshold. Recent announcements, such as AI executives presenting to Congress and the potential removal of chip restrictions announced by Trump, have offset the negative sentiment from the Federal Reserve and laid the groundwork for this upward trend. Nonetheless, expert Scott Melker signals caution, noting potential downturn risks. Bitcoin’s Potential Decline The news from China has bolstered appetite in the markets, creating a basis for an uptrend. However, recent statements from the Federal Reserve indicate only up to three interest rate cuts this year, adjusting expectations downward. Chairman Powell voiced concerns over inflation and perceived job market strength, indicating a reluctance to reduce interest rates anytime soon. Moreover, the anticipated trade agreement with the UK today does not eliminate the existing 10% tariff, adding to potential reasons for a downturn. After his previous upward prediction, Scott Melker now suggests a possible return to $88,000 for Bitcoin. “This is a key level. Should this resistance zone break (essentially reaching $100,000, as these levels are more ‘zones’), returning to an all-time high would be seamless.” He added, “Taking a breath here would also be perfectly fine. A return to 88K would offer a solid buying opportunity.” In an environment where cryptocurrency investors have been “catching their breath” due to sustained declines for nearly six months, Scott’s prediction might not hold this time. Ethereum Forecasts With a major network update, the limit for staking ETH has been raised, allowing ETF issuers to stake customer assets more comfortably and share the returns. However, official approval for changes in ETF structure from the SEC is necessary beforehand. Phoenix indicates that the long-standing downturn may finally be ending. If ETH maintains its projected course, altcoin investors might see relief after an extended period. The importance of today’s ETH closing cannot be overstated. Ending the over 150-day downtrend could revive all altcoins accumulated. A daily close above $1,905 is crucial.”

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more