Bitcoin’s price has been stuck below $70,000 for months, but experts are predicting a major breakout is just around the corner. Factors Driving Bitcoin’s Price Selling pressure from market participants: Some people are selling their Bitcoin to raise cash, which is keeping the price down. Increased short interest: Newer traders are betting against Bitcoin, but…
Large Transactions Spotted XRP whales have been making significant withdrawals from the Binance exchange. These transactions are often associated with large investors who can influence the asset’s price. Exchange Outflows Two of the whale transactions involved withdrawals from Binance. One was for 26,440,906 XRP ($13.2 million), and the other was for 30,406,274 XRP ($15 million)….
BNB’s Price Skyrockets Binance Coin (BNB) recently hit an all-time high, boosting its market capitalization to over $109 billion. This surge has mirrored the rise of Binance, the world’s largest crypto exchange. BNB’s Utility and Benefits BNB holders enjoy trading fee discounts on Binance and can use the token to pay fees on Binance Smart…
Blockchain tracker Lookonchain has spotted a potential accumulation of GMX, a decentralized exchange (DEX) token, by large investors. Whales Buy GMX According to Lookonchain, multiple new wallets have purchased over $15 million worth of GMX from Binance. This has contributed to a 24% price increase for GMX over the past two days. Other Whale Activity…
Abra CEO Bill Barhydt believes Bitcoin (BTC) holds the key to solving a centuries-old problem: the debasement of fiat currencies. Historical Betrayal of Trust Barhydt explains that throughout history, powerful nations have built their empires on sound monetary policies. However, they have often betrayed their people’s trust by resorting to currency devaluation. “After World War…
Economist Henrik Zeberg predicts a surge in the altcoin market, driven by euphoria and speculation. Euphoric Bull Run Zeberg analyzed the TOTAL-ETH-BTC chart, which measures the market cap of crypto assets excluding Bitcoin and Ethereum. He believes it’s on track to reach a “euphoria” level near $1.83 trillion. Central Bank Interest Rates Zeberg suggests that…
A prominent crypto analyst predicts a significant surge in Bitcoin (BTC) within the next seven to ten days. Potential Dip Before Breakout The analyst, known as Credible, suggests that BTC may experience a brief dip to around $62,000 before triggering a parabolic rally. He believes this correction is necessary to clear out any remaining selling…
Network Activity Surge Bitcoin’s network activity has seen a significant uptick, with over 750,000 addresses active in the past 24 hours. This suggests that more users are returning to the Bitcoin ecosystem, which could boost its price. Declining Exchange Supply Investors are holding onto their Bitcoin rather than selling it, as evidenced by the decline…
Solana (SOL) is at a crossroads. Once a star in the 2023 crypto rally, it’s now stuck between $155 and $170. Investors are unsure whether it will break out or slide further. Technical Tug-of-War Technical indicators give mixed signals. The “death cross” suggests a potential decline, but the RSI indicates some buying pressure. Social Media…
Bitcoin (BTC) is expected to make a significant move soon, according to analysts. After 87 days of consolidation, the world’s largest cryptocurrency is showing signs of breaking out. Technical Patterns Crypto analyst Faibik has identified a Descending Broadening Wedge pattern on Bitcoin’s daily chart, which suggests a price squeeze that often precedes a breakout. A…
