The postponement of Circle’s initial public offering (IPO)
The postponement of Circle’s initial public offering (IPO) was triggered by a significant decline in U.S. markets. Today, another fintech company valued at $15 billion also decided to delay its IPO. In such turbulent times, no one wants to become a casualty of chaos. The shares of the “Magnificent Seven,” a group of trillion-dollar U.S. companies, have been plummeting for two days, akin to altcoins. After a period of boring horizontal movements, we are now amidst colossal market waves. However, the situation for crypto does not appear as dire. What are the predictions regarding cryptocurrencies?
Crypto Predictions
Bitcoin (BTC)
$83,816 is hovering around the $84,000 mark, showing a 3% gain today, even as oil prices drop by 15% and U.S. markets see declines exceeding 5%. Perhaps Bitcoin and the crypto market are responding too early to the events unfolding today. Meanwhile, Dogecoin 
$0.171029 (DOGE) has increased by 8% as rumors circulate about X integrating crypto payments. Could there be an X where fun meme-sharing with DOGE is rewarded? It’s possible.
If you review our previous articles published today, you will find detailed analyses concerning tariffs, potential ramifications, the Federal Reserve, and more. Staying updated during these times is crucial, and it’s essential to pay attention to the details.
Now, let’s delve into the forecasts of five different crypto analysts. Remember, if they had the ability to foresee the future, they would have no time to share their insights on social media. Therefore, it’s important to conduct your research and develop your own investment strategies.
Michael van de Poppe
One of the more optimistic analysts, Poppe recommends keeping an eye on gold in today’s assessment. He shared a graph and stated, “It’s crucial to watch gold. Crypto did not crash due to crypto-specific events; it fell in relation to macroeconomic factors.” He noted that the likelihood of Ethereum (ETH) 
$1,811 recovering increases as gold has already decreased by 4%.
Scott Melker
A well-known crypto investor and analyst, Melker encourages everyone to reflect on recent comments made by the U.S. Treasury Secretary regarding Bitcoin. He invites you to remember the days when the previous Treasury Secretary heavily criticized Bitcoin and compare them to recent years.
The current Secretary has stated that Bitcoin is becoming a store of value, which is a significant shift in perception. Melker finds this comment encouraging and believes that the government’s increasingly crypto-friendly stance should be understood by investors.
TraderSZ
As commodities and stocks experience a 4-5% drop, Bitcoin remains around the $84,000 level. TraderSZ is waiting for a break in the trend line marked in his graph to open a long position. If the price breaks above $86,095, those following the same strategy could potentially trigger a significant movement.
Altcoin Sherpa
Approximately a month and a half ago, Sherpa predicted a substantial rise in cryptocurrencies within two to three weeks, an expectation that did not materialize. Recently, he noted, “I see the possibility of a delay and some destruction in the coming days. I don’t recommend investing at this point, but the relative strength looks promising.”
AltcoinPsycho
The last analyst, AltcoinPsycho, is pleased with Bitcoin’s relatively strong position amid macro panic. Following Powell’s remarks, BTC has adopted a stance similar to the one depicted in a provided graph. He expressed that BTC’s strength during this macro panic is significant, and if interest rates are lowered, BTC is likely to soar to all-time highs.
According to Coinglass data, $259 million was liquidated in the past 24 hours, with $120 million coming from long positions. Although the volume has decreased by 8%, open positions have risen by 1.3%, and 24-hour liquidations have dropped by 50.5%.
