The German government has been selling off its Bitcoin stash, which has been putting downward pressure on the price of Bitcoin. How Much Bitcoin Does Germany Hold? According to blockchain analytics firm Arkham Intelligence, Germany still holds around 24,000 Bitcoin, worth about $1.42 billion. They’ve been transferring Bitcoin to exchanges and market makers, including over…
A big Ethereum whale moved a huge chunk of their ETH to Coinbase, causing some people to worry about a potential sell-off. Whale Watch: 11,215 ETH on the Move A whale (someone who owns a lot of cryptocurrency) transferred a whopping 11,215 ETH to Coinbase, a popular crypto exchange. This got people nervous because it’s…
Ethereum is back on the rise, climbing above $3,000 after dipping below $2,800 recently. This recovery has traders feeling optimistic, and breaking through $3,200 could be a game-changer. Two Million Addresses in the Green According to IntoTheBlock, if Ethereum surpasses $3,200, it’ll be a big win for traders. Around two million people who bought ETH…
No Need to Panic Economist Alex Krüger isn’t worried about the recent Bitcoin (BTC) sell-offs from Mt. Gox and the German government. He believes the market can handle it all. German Government Dumping Bitcoin Last month, the German government seized 50,000 BTC from Movie2k.to, a now-defunct illegal streaming site. They’ve been selling off some of…
A popular crypto analyst thinks Ethereum (ETH) is about to hit rock bottom and then skyrocket. Ethereum’s Dip is Just a Correction The analyst, who goes by the name Bluntz, uses something called the Elliott Wave theory to predict market movements. He says Ethereum is in a correction phase right now, but it’s about to…
Bitcoin (BTC) might be on the verge of a significant price surge, according to a prominent analytics firm, Santiment. Oversold Market: Santiment is keeping a close eye on Bitcoin’s Market Value to Realized Value (MVRV), a metric that helps determine if the market is oversold. When the MVRV drops below zero, it suggests that many…
Anthony Scaramucci, the founder of SkyBridge Capital, is bullish on Bitcoin. He believes the cryptocurrency could reach a whopping $100,000 by the end of the year. Why Scaramucci is Bullish Scaramucci sees the recent dip in Bitcoin’s price as a temporary setback. He points to a few factors that could drive Bitcoin back up: The…
Bitcoin’s Price Could Soar A crypto analyst named DonAlt thinks Bitcoin could hit $100,000 in the next few years. He’s not alone – lots of experts are bullish on Bitcoin, with some even predicting prices as high as $250,000! The recent influx of money into Bitcoin ETFs and the overall positive market sentiment seem to…
A fund manager thinks the current dip in Bitcoin prices is nothing to worry about. He’s calling it a “boogeyman” and lists eight reasons why he’s still bullish on Bitcoin. Germany’s Bitcoin Dump is Nearing its End Germany has been selling off a lot of Bitcoin, but the fund manager thinks this is almost over….
Cathie Wood, CEO of Ark Invest, is still bullish on Bitcoin, despite recent price dips. She believes the current bull market is only halfway through, and the price of Bitcoin could go parabolic in the future. Why is Wood so confident? Wood points to several factors that could drive Bitcoin’s price higher: Institutional adoption: The…
