Despite a recent dip from its peak of $74,000, analysts are encouraging investors to remain calm and view it as a buying opportunity. Historical Parallels Some analysts draw parallels between the current market conditions and the Bitcoin bull run of 2020. During that time, a retracement preceded a surge that pushed Bitcoin to new highs….
Ripple’s Entry into the Stablecoin Market Ripple, the payment company, is jumping into the stablecoin market with its own digital currency pegged to the US dollar. This move puts Ripple in direct competition with stablecoin giants like Tether and Circle. Why Ripple is Launching a Stablecoin Ripple’s CEO says the company decided to launch a…
Bitcoin’s on-chain data reveals that “accumulation addresses” have been making significant purchases of the cryptocurrency this month. Accumulation Addresses: A Closer Look Accumulation addresses are wallets belonging to long-term Bitcoin holders (HODLers). To qualify as an accumulation address, a wallet must: Have no outgoing transactions, indicating only incoming purchases Have received at least two inflow…
Case Adjourned Binance’s financial crime compliance head, Tigran Gambaryan, has had his tax evasion case postponed until April 19. This came after his first court appearance, where he was charged with non-payment of taxes and aiding customers in tax evasion. Delay Due to Lack of Notice The prosecution explained that they couldn’t serve Gambaryan the…
Morgan Stanley and UBS Join the Competition After the approval of spot Bitcoin ETFs in the US, institutional interest in crypto has skyrocketed. Morgan Stanley and UBS are now vying to be the first to offer these products to their clients. Morgan Stanley’s Salty Response According to crypto commentator Andrew from Arch Public, Morgan Stanley…
Crypto analyst TechDev believes Bitcoin (BTC) is on the cusp of a significant surge based on several technical indicators. Wyckoff Accumulation Schematic According to TechDev, the Wyckoff accumulation schematic, which predicts price movements, is currently in Phase E, indicating a period of price increases. Gaussian Channel The Gaussian channel, a momentum indicator, suggests that Bitcoin…
Analyst Rekt Capital has issued a warning about Bitcoin (BTC), citing the recent price pullback and the upcoming halving event. Danger Zone According to Rekt Capital, Bitcoin is currently in a “danger zone” ahead of the halving, which is scheduled to occur in two weeks. This zone ranges from $73,800 to the mid-$60,000s. Potential Pullback…
BitMEX founder Arthur Hayes has made a bold prediction for Ethena (ENA), a new Ethereum-based altcoin. Hayes believes that ENA could skyrocket by over 817% once the crypto market recovers. Investment Backing Hayes is not the only one bullish on ENA. Investment giants Franklin Templeton, Galaxy Digital, and Binance Labs have also invested in the…
Real-World Asset Altcoins Altcoin Sherpa, a renowned crypto analyst, predicts that altcoins tied to real-world assets (RWAs) remain promising. Mantra (OM), an Ethereum-based token focused on RWA tokenization, is expected to dip before resuming growth. Fibonacci retracement levels suggest support at $0.60 or $0.50. Bitcoin’s Technical Analysis Sherpa observes that Bitcoin’s 200-day exponential moving average…
ETF Outflows: A Concern? The crypto market was surprised by significant outflows from Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) on Tuesday. This marked the first time a “Newborn Nine” ETF had surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). Analysts are debating whether these outflows are a bearish signal for Bitcoin’s price or…
