ETH on the Verge of Breaking Records Ethereum (ETH) is poised to surpass its all-time high (ATH) of $4,891 as the crypto market prepares for the Bitcoin halving. This event, scheduled for next month, is expected to fuel a surge in altcoin prices. Solana (SOL): Ready for a Comeback Solana (SOL) has had a rollercoaster…
Key Reasons for the Rally: 1. Futures Market Influence The futures market has played a major role in pushing up Bitcoin’s price. Many traders have been liquidated, meaning they’ve had to sell their Bitcoin at a loss. This has created a domino effect, leading to a surge in Bitcoin’s price. 2. Bullish News Positive news,…
Shiba Inu on Exchanges Hits 2-Year Low The amount of Shiba Inu (SHIB) stored on exchanges has plummeted to its lowest level since 2022. This suggests that investors are increasingly bullish on the meme coin and are choosing to hold it long-term. Declining Exchange Inflow The daily inflow of SHIB to exchanges has also dropped…
Founders Charged The US Department of Justice (DOJ) has charged cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, with violating anti-money laundering (AML) laws. The indictment alleges that they failed to implement proper AML measures, allowing the exchange to become a “hub for illicit money laundering.” Failure to Comply with US Laws…
Whale Profits Skyrocket Ki Young Ju, founder of CryptoQuant, reveals that short-term whales, including spot Bitcoin ETF buyers, have made an impressive $16.3 billion in unrealized profits. This translates to a 16% gain. Bitcoin Rebounds After Correction After a brief dip, Bitcoin has bounced back above $70,000. It’s now trading above the middle Bollinger Band,…
A crypto analyst who predicted the recent Bitcoin drop believes Shiba Inu (SHIB) is repeating a pattern from the 2021 bull market. SHIB Retesting Support SHIB is currently retesting a support level of $0.0000279, similar to what it did before its 2021 rally. The analyst suggests that history could repeat itself, with SHIB potentially breaking…
Digital asset manager CoinShares reports that institutions sold off a record $942 million worth of crypto products last week, reversing a seven-week trend of inflows. Grayscale Leads the Exodus Grayscale, the largest crypto asset manager, accounted for over $2 billion of the outflows, indicating investor hesitation due to market uncertainty. Bitcoin Bears the Brunt Bitcoin…
Ki Young Ju, CEO of CryptoQuant, has shared insights on Bitcoin’s potential price trajectory. Max Pain Price Level Ju believes Bitcoin could drop to a “max pain” range of around $51,000 before the bull market continues. This is based on historical price patterns, which typically see a maximum drawdown of around 30% during bull markets….
Crypto analyst Kaleo predicts a massive rally for Theta Network (THETA), a decentralized video streaming platform. He believes THETA could soar by over 200% as the social finance (SoFi) sector gains traction. Reasons for Optimism Kaleo cites the upcoming airdrops for ARENA and FT (Friend.tech) tokens as catalysts for renewed interest in SoFi. He suggests…
Expert Analysis Cryptocurrency expert Dr. Profit has analyzed Bitcoin’s (BTC) recent performance and identified key factors that could drive its price to new heights. Sideways Movement: A Prelude to Surge Dr. Profit predicts a sideways movement for Bitcoin in the short term. However, he emphasizes that this is a normal part of market cycles and…
