Crypto analyst Nicholas Merten believes Bitcoin (BTC) is poised for a significant decline. Resistance at $71,500-$72,500 Merten highlights that Bitcoin has repeatedly failed to break above the $71,500-$72,500 resistance level. This suggests the presence of strong selling pressure. Extended Consolidation at All-Time High The analyst notes that Bitcoin has been consolidating at its previous all-time…
Short-Term Surge Fueled by ETF Craze Bitcoin ETFs, which track Bitcoin’s price, have attracted new investors looking for quick profits. This has led to a surge in short-term holders (holding Bitcoin for less than 155 days), whose holdings have jumped by 55% since January. Long-Term Holders: Unwavering Faith Despite the short-term hype, long-term holders remain…
Massive Technical Pattern Crypto analyst Gert van Lagen has identified a significant technical pattern on Bitcoin’s 3-day chart, known as the “Cup with Handle.” This pattern suggests a potential surge to $300,000. Cup and Handle Explained The Cup with Handle is a bullish continuation pattern that resembles a teacup. It consists of: Cup: A rounded…
Deepening Partnership Ripple, a leader in blockchain solutions, and Archax, the UK’s first FCA-regulated digital asset exchange, have expanded their partnership to tokenize hundreds of millions of dollars in real-world assets (RWAs) on the XRP Ledger (XRPL). XRPL as a Tokenization Hub This move positions XRPL as a frontrunner in the tokenization of RWAs, such…
Solana founder Anatoly Yakovenko claims that Solana (SOL) has surpassed Ethereum (ETH) in a key metric: the cost of running a node. Node Economics Nodes are computers that validate and record transactions on blockchains. Running a node typically requires expensive hardware and energy consumption. According to Yakovenko, SOL nodes have a 10x higher economic barrier…
Strategic Shift Cryptocurrency giant Paxos has laid off about 20% of its staff, around 65 employees. This move is part of a strategic shift to focus on tokenization and stablecoins, according to CEO Charles Cascarilla. Stablecoin Focus Paxos is betting on regulated, yield-bearing stablecoins like their new Lift Dollar (USDL). These coins offer price stability…
Trump’s Endorsement Sparks Debate Former President Trump’s recent support for Bitcoin mining in the US has sparked intense discussion among experts and the crypto community. Trump believes Bitcoin mining can protect the US from a central bank digital currency (CBDC) and boost its energy dominance. Global Competition for Bitcoin Supremacy Trump’s stance highlights the growing…
Dogecoin (DOGE) Crypto analyst Altcoin Sherpa believes Dogecoin (DOGE) could see significant gains later this year. Despite current volatility, he predicts DOGE could reach a range of $0.12 to $0.17 before a breakout. Ondo Finance (ONDO) Altcoin Sherpa warns that Ondo Finance (ONDO) may face further declines, potentially retesting $1.10 before a bounce. However, he…
Crypto asset manager Bitwise has hailed Ethereum (ETH) as an unstoppable force that is transforming the financial landscape. Cost Savings and Efficiency Bitwise claims that Ethereum offers a 10-fold improvement in cost compared to traditional financial systems. This efficiency extends to wire transfers, international withdrawals, and other transactions. Revenue Comparison Ethereum’s revenue streams rival those…
On-chain analyst Will Clemente explains why memecoins have outperformed most altcoins in this crypto cycle. High Upside Potential Clemente believes traders are flocking to memecoins because they offer the potential for huge returns. While altcoins may have solid fundamentals, their value proposition can be complex and difficult to understand. Lack of Sophistication Traders are also…
