Network Security Soars, Miner Concerns Rise Bitcoin’s recent price surge has been a mixed bag for miners. While it’s boosted network security, it’s also raised questions about their long-term sustainability. The hash rate, a measure of computing power dedicated to securing the network, has hit new highs. This means more miners are joining the network,…
Crypto analyst Altcoin Sherpa predicts a surge in value for two under-the-radar altcoins. Neutron (NTRN) Sherpa anticipates a consolidation period followed by a move towards $2.01. NTRN is currently trading at $1.78. Heroes of Mavia (MAVIA) Sherpa suggests MAVIA will break its all-time high of $9.40. MAVIA is currently valued at $8.90. Dymension (DYM) Sherpa…
Bitcoin’s Uptrend Threatened Crypto analyst Justin Bennett warns that Bitcoin (BTC) remains vulnerable despite trading above $50,000. He believes BTC has hit resistance within an ascending channel, indicating a potential correction to $46,000. Bitcoin’s Monthly Chart Bennett also notes that BTC has not yet regained the diagonal support on its monthly chart, suggesting a larger…
Yuga Labs, the brains behind Bored Ape Yacht Club, has acquired NFT collective PROOF and its assets. PROOF’s Assets PROOF’s NFT collections include Moonbirds, Oddities, and Mythics. Moonbirds will be integrated into Yuga’s Otherside metaverse platform. Yuga’s Vision Yuga Labs aims to be the “front door of web3.” This acquisition aligns with their goal of…
A Florida teacher, Jenny Morsch, is accusing JPMorgan Chase of losing $100,000 worth of her valuables from a safety deposit box and then denying responsibility. Missing Valuables When Morsch went to open her deposit box in Orlando, the key didn’t fit. After the bank drilled it open, she discovered that cash, gold coins, jewelry, and…
Meltem Demirors, Chief Strategy Officer of CoinShares, has expressed concerns about Ethereum’s narrative amid the emergence of competing layer-1 blockchains. Bitcoin Still Preferred for Newcomers According to Demirors, new investors are more likely to choose Bitcoin as their entry point into crypto due to its simpler narrative as “digital gold” or “money backed by physics.”…
Veteran trader Dave the Wave predicts Bitcoin (BTC) is at a critical juncture, with the potential for either a major upward surge or a significant correction. Upside Target: $65,000 Dave the Wave believes Bitcoin could break out of its current trading range and surge to $65,000. This move would be driven by a breakout from…
Resistance Level at $58,000 A respected trader known as DonAlt believes Bitcoin (BTC) is approaching a crucial resistance level at $58,000. He anticipates a pullback if BTC reaches this point. “If we get there, I think it would be for a wick mostly,” DonAlt said. “I think that would be the top for a while……
Strong Earnings Coinbase, the popular cryptocurrency exchange, saw its stock jump last week after reporting its first profitable quarter in two years. The company posted a net income of $273 million, or $1.04 per share. Analyst Optimism Owen Lau, an analyst at Oppenheimer & Co., believes Coinbase’s profitability could change the perception of the company…
Over the past week, Bitcoin has been performing well, reaching above $50,000 for the first time since 2021. However, analyst Ali Martinez predicts a possible correction in the near future. Correction to $46,000? Martinez suggests that Bitcoin could experience a one-to-four candlestick correction on its daily chart. This prediction is based on the Tom Demark…
