A significant portion of all known Bitcoin is now held by a few key players. According to CryptoQuant CEO Ki Young Ju, exchange-traded funds (ETFs), governments, and MicroStrategy (MSTR) together own about 31% of all known Bitcoin. A Massive Increase in Institutional Holdings This represents a huge jump – a 14% increase since December 2023….
Raoul Pal, a well-known figure in the finance world, is predicting a strong rally in the crypto market before the end of 2024. A Santa Claus Rally for Crypto? Pal, formerly of Goldman Sachs, thinks Bitcoin and other cryptos could see significant gains in the last half of December, mirroring the traditional “Santa Claus rally”…
A popular crypto analyst is warning that Bitcoin (BTC) could take a significant dive. Ali Martinez, who boasts over 100,000 followers on X (formerly Twitter), says a key support level could trigger a major price drop. Bitcoin’s Potential Plunge Martinez uses a model called Unspent Transaction Output (UTXO) Realized Price Distribution (URPD) to identify key…
Bitcoin’s recent price dip below $100,000 has some investors looking elsewhere for profits. While Bitcoin has held relatively steady above $90,000, the correction has sparked interest in the altcoin market. Altcoins in the Spotlight Many believe an altcoin rally is imminent. Investment firm VanEck even declared that altcoin season started on November 27th. They argue…
A crypto analyst, TradingShot, predicts Bitcoin could surge to $150,000. They base this prediction on Fibonacci levels and the current phase of the Bitcoin bull cycle. Bitcoin’s Bull Run: Phase 3 TradingShot believes Bitcoin is in phase 3 of its bull cycle. This phase, according to their analysis, should see Bitcoin hit the $150,000 mark,…
Nokia, the Finnish phone giant, is diving headfirst into the world of cryptocurrency with a brand-new encryption patent. This isn’t your grandpa’s Nokia; they’re tackling a major problem in the crypto space: security. Keeping Your Crypto Safe The patent, filed with the Chinese Intellectual Property Administration in June 2024, details a clever system for encrypting…
Meme coins exploded in 2024, and the hype might continue into 2025. Big names like Dogecoin and Shiba Inu saw massive growth, and experts believe this “meme supercycle” isn’t over yet. Could your $100 turn into $1100? Here are four meme coins with potential: Wall Street Pepe ($WEPE): The Frog Army Marches On Wall Street…
Despite a recent market slump, big institutional investors are still pouring money into crypto. Last week alone, they invested a whopping $308 million into digital assets. Institutional Inflows Outweigh Outflows While there were some significant outflows ($1 billion in the last two days of the week), these only represent a tiny fraction (0.37%) of the…
Ethereum (ETH) has been a major player in the crypto world, even though its price hasn’t quite matched Bitcoin’s recent gains. While it hasn’t hit a new all-time high yet, several positive signs suggest a strong future. Experts believe these indicators show solid market confidence from both big institutions and individual investors. Positive Indicators Point…
Ethereum’s price is making waves as 2024 winds down. Experts are watching closely, offering cautiously optimistic predictions based on key support and resistance levels. Crucial Price Points Analyst Justin Bennett highlighted the importance of Ethereum reclaiming $3,540 by December 22nd. Breaking this level would signal a bullish shift. Failure to do so could send the…
