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According to renowned crypto trader and analyst PlanB, Bitcoin (BTC) could hit $55,000 before its halving cycle in April 2024. BTC’s halving event will slash rewards for miners by half. Many consider BTC’s halving a bullish event as it reduces the asset’s supply. Also Read: Apple Removes Binance, KuCoin, OKX From Indian App Store Moreover, the analyst predicts that BTC’s price will continue to rally in the months following the halving. PlanB expects BTC to rise to around $60,000 in the next four months. The growth would translate to a rise of about 30% from current levels. Bitcoin (BTC) to hit a new all-time high in 2024? By the end of this year, PlanB anticipates BTC’s price to rise to around $100,000, a growth of over 100% from current levels. Furthermore, PlanB paints a bullish picture for Bitcoin (BTC) in 2025. According to the analyst, the original cryptocurrency could surge to $532K by next year. Reaching $532,000 would mean a growth...

MKR experienced high accumulation since the Maker’s founder sold other tokens to buy MKR. Increasing RSI and decreasing volume could lead MKR into consolidation. The direction strength was weak, prompting a possibility to fall back to $950. Maker’s (MKR) performance in the last 24 hours has been worthwhile for traders who open long positions. In the early hours of July 18, MKR exchanged hands around $903. But according to CoinMarketCap, a 7.53 % hike, coupled with a surge in volume, drove the token to $978.33. For some, MKR’s rise might not be surprising. This is because MakerDAO founder Rune Christensen sold some of the protocol’s stablecoin DAI to purchase MKR on July 16. A day after his action, Christensen then turned to Lido DAO Token (LDO) and sold 13.57 million of the token to buy MKR. Rune Christensen, co-founder of MakerDAO, has sold a total of 13.57 million LDO ($26.14M) since 2022/11 to repurchase MKR, with an average selling price of $1.92; cu...