Bitcoin, Ethereum, Dogecoin Flat Amid Inflation Fears: On-Chain Analytics Firm Says This Could Signal ETH 'On Its Way' To $2K
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, traded flat on Sunday evening amid inflation fears and political turmoil over the US debt ceiling. Analysts predict a potential drop in the altcoin markets, while on-chain analytics firm Santiment suggests Ethereum could be on its way to $2,000 if the profit-taking transactions ratio decreases.
June 05, 2023 | 2:35 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ethereum traded flat, but on-chain analytics firm Santiment suggests it could be on its way to $2,000 if the profit-taking transactions ratio decreases.
Ethereum's price remained stable, but Santiment's analysis indicates that if the profit-taking transactions ratio decreases, the price could potentially rise to $2,000. This suggests a positive short-term impact on Ethereum's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Bitcoin traded flat amid inflation fears and political turmoil over the US debt ceiling, with a long target of $25,300 predicted by Crypto Tony.
Bitcoin's price remained stable despite the ongoing inflation fears and political turmoil over the US debt ceiling. Crypto Tony's prediction of a long target of $25,300 suggests that the price may not be significantly impacted in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin traded flat amid inflation fears and political turmoil over the US debt ceiling, with analysts predicting a potential drop in the altcoin markets.
Dogecoin's price remained stable, but analysts predict a potential drop in the altcoin markets due to the ongoing inflation fears and political turmoil over the US debt ceiling. This suggests a negative short-term impact on Dogecoin's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100