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A Bold Prediction Crypto analyst Luke Broyles thinks Bitcoin could easily hit $5 million, or even $10 million, and people would still doubt its potential. He recently stated on the Coin Stories podcast that even at those astronomical prices, skeptics will claim it can’t go higher. This skepticism, he argues, has been a constant since…
Ethereum exchange-traded funds (ETFs) in the US have been incredibly popular lately, performing exceptionally well. But the party might be over (at least for a bit). A Billion-Dollar Week, Then a Friday Fallout Last week was huge for Ethereum ETFs, raking in over $1.08 billion in total. That’s a massive turnaround from the previous week’s…
A Dutch company, Amdax, is making a big splash in the world of Bitcoin. They’ve just launched a new company, AMBTS, with a massive goal: to own 1% of all the Bitcoin that will ever exist – that’s roughly 210,000 Bitcoin! A $23 Million Gamble for Bitcoin Dominance AMBTS secured a hefty $23 million in…
El Salvador recently took a proactive step to protect its Bitcoin holdings from potential future threats. This involved a significant shift in how they manage their national Bitcoin reserve. Moving Millions to Multiple Wallets The country moved its 6,274 Bitcoin (about $678 million) from a single wallet into 14 separate wallets. Each new wallet holds…
Bitcoin exchange-traded funds (ETFs) are experiencing explosive growth, quickly closing in on gold ETFs in terms of total assets under management (AUM). This shift signifies a major turning point for the cryptocurrency market. Bitcoin ETFs’ Meteoric Rise In just the past year, the AUM of major Bitcoin ETFs has doubled to a whopping $150 billion….
A big investment firm, Amplify (managing $12.6 billion!), just filed paperwork for a new XRP ETF. Instead of directly buying XRP, this ETF uses a smart strategy. How it Works: Options and ETFs The ETF will mostly (at least 80%) invest in things that move with XRP’s price. Think XRP ETFs and options contracts on…
A major Japanese mobile game company, Gumi Inc., is making a splash in the crypto world. They’re planning to buy $17 million worth of XRP! This shows they’re really getting serious about blockchain technology and see it as a way to make more money and boost their position in the digital economy. Gumi’s Blockchain Expansion…
Bitcoin’s been on a bit of a rollercoaster lately. After dipping below $110,000, it briefly bounced back, only to settle around a new low of roughly $107,500. This has some people wondering if the bull market is peaking. But one analyst has a wildly different prediction. A Bold Prediction for Bitcoin Crypto analyst Frank Fetter,…
Bitcoin’s price is taking a beating lately. One analyst is sounding the alarm, predicting further drops. Bearish Signals and Broken Support The analyst points to Bitcoin’s rejection at the $121,000 resistance level as a major turning point. This rejection broke Bitcoin’s upward trend, shifting the market sentiment to bearish. The price then fell below a…
Bitcoin’s been a bit wobbly lately. After hitting a new high around $124,457, it’s now hanging around $108,000 – a drop of about 14%. Investors seem pretty chill about it, waiting to see what happens next. A CME Gap and Potential Recovery Crypto analyst KillaXBT thinks Bitcoin is about to bounce back. Their reasoning? A…
