The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Charles Edwards, CEO of Capriole Investments, believes Bitcoin is entering a new era of momentum. Here’s what his on-chain data analysis reveals: Key Metrics Energy Value: Bitcoin’s value based on energy input is currently $70,000, suggesting it’s fairly valued for the first time in two years. SLRV Ribbons: Ratio of short-term to long-term holders indicates…
Cardano Founder’s Prediction Charles Hoskinson, the founder of Cardano, believes the altcoin season will begin when Dogecoin (DOGE) surpasses Cardano (ADA) in market cap. DOGE vs. ADA DOGE and ADA are currently neck-and-neck, ranked 8th and 9th in market cap. DOGE briefly surpassed ADA on March 5th, but ADA regained its position after Bitcoin’s correction….
Binance, the crypto giant, has put a stop to Solana (SOL) withdrawals due to a massive spike in network activity. Solana’s Lightning Speed, Now a Bottleneck Solana, known for its super-fast transactions, is facing congestion issues. Binance has temporarily suspended withdrawals since March 4, 2024, to address the problem. DeFi Boom Fuels Traffic Surge The…
Soaring Bitcoin Prices and ETF Surge Bitcoin has been on a wild ride, reaching new heights of $69,018. This surge has also boosted other cryptocurrencies like ether and Solana. One major factor behind this growth is the increasing demand for spot bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs: A Safer Way to Invest ETFs provide…
Crypto expert Ali Martinez predicts a breakout for a decentralized exchange (DEX) altcoin. GMX: Bullish Pattern Forming Martinez believes GMX is forming a bullish trend reversal pattern that could lead to a 60% surge. If GMX closes above $60, it could rally towards $90. Cardano (ADA): Positive Signs Martinez also sees potential in Cardano (ADA)….
Understanding Cryptocurrency Cryptocurrency is a digital currency secured by cryptography and based on a decentralized network called a blockchain. Unlike traditional currencies, cryptocurrencies are not controlled by governments or banks. Benefits of Accepting Cryptocurrency Lower Transaction Fees: Cryptocurrency transactions often have lower fees than credit cards or bank transfers. Global Accessibility: Cryptocurrencies allow businesses to…
Binance, the world’s leading cryptocurrency exchange, has announced the discontinuation of its services for the Nigerian naira. This move comes after the Nigerian government detained Binance employees and threatened a hefty fine. Government Allegations The Nigerian government accused Binance of manipulating the exchange rate of the naira, causing its value to drop by 70%. The…
A crypto analyst known as TechDev believes the current Bitcoin bull market could last until 2025. Global Liquidity Cycle TechDev’s analysis is based on the global liquidity cycle, which he says has aligned with every Bitcoin bull market peak. He uses a chart that suggests Bitcoin could reach its peak between January and March 2025….
Marc van der Chijs, CEO of Bitcoin mining firm Hut 8, believes Bitcoin is on the verge of a prolonged period of growth known as a “supercycle.” What is a Supercycle? Unlike regular market cycles, a supercycle is an extended period of bullish growth lasting several years. It’s characterized by: Increased adoption Higher demand Rising…
