Bitcoin has finally broken above its resistance level of $67,303.98, signaling a potential rally. Bullish Indicators Bitcoin’s price is trading above the bearish trend line and the 100-day Simple Moving Average (SMA). The Relative Strength Index (RSI) suggests bullish momentum, with the RSI line close to the overbought zone. The 1-Day MACD indicates a bullish…
A Wells Fargo customer was shocked to receive a fake $100 bill during a routine withdrawal. Customer’s Experience Kam Ridley withdrew cash from a Wells Fargo branch in Mississippi to pay bills. When she tried to deposit the money at her other bank, Trustmark, the ATM rejected the $100 bill. Bewildered, Ridley went inside the…
Mike Novogratz, the CEO of Galaxy Digital, believes Bitcoin (BTC) won’t reach new record highs until the economy improves. Macroeconomic Factors Novogratz suggests that Bitcoin will likely remain within a range of $55,000 to $75,000 until the Federal Reserve (Fed) cuts interest rates. He believes this move would be positive for Bitcoin. Regulatory Environment Favorable…
Render (RNDR): Bargain at $10 Crypto analyst Altcoin Sherpa predicts that Render, a GPU-related altcoin, is set for a surge in the coming months. He believes the $10 level will act as a support level, and expects “much higher prices” in the future. Bitcoin (BTC): Bullish Short-Term Sherpa is bullish on Bitcoin in the short…
Bitcoin’s Rise to $67,000 Bitcoin has been on a roll lately, climbing back above $67,000 for the first time in a month. According to CryptoQuant, a leading blockchain analytics firm, several factors contributed to this surge: Lower-than-expected inflation: News of slowing inflation in the US boosted the appeal of risky assets like Bitcoin. Reduced selling…
Dogecoin (DOGE) Analyst Kaleo believes Dogecoin is poised for a surge. He sees it as the “king of memes” and predicts it will “move vertical” once it gains momentum. Bitcoin (BTC) Kaleo is optimistic about Bitcoin’s future, expecting it to continue rising and potentially reach over $100,000. Solana (SOL) Kaleo forecasts a new all-time high…
Bitcoin’s Recent Rise Bitcoin jumped 2.9% on Friday, surpassing $67,000 for the first time since April. This surge is attributed to low inflation data. Tether’s Role Blockchain platform LookonChain reports that Tether Treasury has minted an additional $1 billion USDT. This stablecoin has a market cap of $111.25 billion, making it the most dominant in…
After a record high in March, Bitcoin has struggled to maintain its momentum. However, a recent surge has sparked a shift in sentiment. Bullish Sentiment on the Rise According to Santiment, a crypto analytics firm, Bitcoin’s sentiment has turned bullish after its recent rally above $67,000. This is based on their Weighted Sentiment metric, which…
The Masterminds The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li (42) and Yicheng Zhang (38), for laundering $73 million in cryptocurrency scams known as “pig butchering.” The Scam In pig butchering scams, fraudsters trick victims into investing in fake cryptocurrency schemes. Once the investment is large, the scammers disappear with…
The crypto world is still struggling with transparency, and a recent donation has raised concerns. The Donation Notcoin, a new game on Telegram, sent $6.8 million worth of its own tokens to Telegram founder Pavel Durov. They claimed it was a “thank you” for Telegram’s support of crypto. Lack of Transparency But there’s a catch:…
