Bitcoin’s Path to the Top Analyst Bluntz predicts that Bitcoin (BTC) will reach a new all-time high within the next two weeks. Using Elliott Wave theory, he believes the current surge is part of a larger wave three rally, with more gains to come. Bluntz anticipates BTC to reach $90,000 before a correction to $80,000….
Jesse Pollak, creator of Base, a layer-2 network backed by Coinbase, has highlighted the role of memecoins in driving adoption for the platform. Memecoins as Onboarding Tools Pollak believes that memecoins are attracting a large number of new users to Base. He notes that these coins are often driven by creativity and community engagement, which…
Market Dynamics Despite the recent Bitcoin halving, the market remains positive. Bitfinex’s analysis shows: Increased Exchange Withdrawals: Investors are moving Bitcoin to cold storage, indicating anticipation of price increases. Strong Demand: New market participants are absorbing selling pressure, preventing a pre-halving price decline. ETF Inflows: Spot Bitcoin ETFs are seeing significant inflows, creating a supply-demand…
A well-known trader who accurately predicted the 2022 bear market bottom has shared his Bitcoin forecast after last week’s halving. Diminishing Returns Dave the Wave, the pseudonymous analyst, believes Bitcoin has consistently seen diminishing returns after every bull market since 2012. He expects gains of over 626% from the bottom, significantly lower than the 1,275%…
TREAT’s Role in the Ecosystem Shiba Inu recently announced a $12 million investment to develop TREAT, a non-stable token within its ecosystem. TREAT will play several crucial roles: Reward Token: Users who stake or provide liquidity using SHIB tokens will earn TREAT as rewards. Governance Token: TREAT holders will have voting rights to shape the…
Key Drivers of Bitcoin’s Rally ETF Inflows: The surge in investment into Bitcoin ETFs in the US has been a major catalyst for price growth. Kendrick estimates that $50-$100 billion could flow into these ETFs as the market matures. Bitcoin Halving: The upcoming halving event, which reduces the number of new Bitcoins mined, will limit…
IBIT’s Record-Breaking Inflows BlackRock’s iShares Bitcoin Trust (IBIT) has become a hot topic, with an unprecedented 70 consecutive days of inflows. This streak has placed IBIT among the top 10 ETFs with the longest daily inflow runs. Bitcoin ETF Revolution The launch of spot Bitcoin ETFs in 2024 has made it easier for investors to…
Bitcoin Halving Impact After the Bitcoin halving event on April 20th, analyst Michael van de Poppe noticed a shift in the crypto market. Bitcoin’s dominance, which measures its market share, has been declining. Investors Moving Away from BTC Data shows that Bitcoin’s dominance has dropped to 55.29%, indicating that investors are diversifying their portfolios into…
The Middle East is experiencing a digital gold rush as cryptocurrency markets soar in popularity. Crypto for the Masses Research shows that around 500,000 people in the region trade cryptocurrencies daily. The United Arab Emirates (UAE) leads the way with a crypto-friendly regulatory framework. Other countries are following suit, moving from bans to more tolerant…
Justin Sun’s ETH Accumulation Tron founder Justin Sun has been on a buying spree, accumulating 127,388 ETH (over $400 million) since April 8th. This suggests that Sun is bullish on Ethereum despite its recent price fluctuations. Sun’s Previous ETH Purchases Lookonchain, an on-chain analytics platform, believes the wallet used in these purchases likely belongs to…
