Robinhood, the trading platform known for its stock trading frenzy, is now betting on a new boom: cryptocurrency. A recent report from Bernstein, a financial services firm, predicts explosive growth in the crypto market, leading to a surge in Robinhood’s stock price. Market Cap to Triple Bernstein predicts a staggering increase in the total market…
A prominent crypto trader has expressed optimism about Sam Altman’s Worldcoin (WLD) and two of Ethereum’s main rivals. Worldcoin (WLD) The trader, known as The Flow Horse, believes that WLD, an AI-focused project, has the potential to break above $10. He also suggests that the upcoming Nvidia conference, which focuses on AI, could boost interest…
Tesla CEO Elon Musk has hinted that the electric car company may start accepting Dogecoin (DOGE) as payment in the future. Tesla Merch and DOGE Musk made the comments at the Giga Berlin manufacturing plant in Germany. He noted that Tesla already accepts DOGE for merchandise purchases. Support from the People Musk explained that his…
Bitcoin analyst Willy Woo believes the cryptocurrency is experiencing a “full-blown” bull market. This conclusion is based on the surge in capital flowing into the Bitcoin network, which has reached $2 billion per day. ETF Inflows Boosting Capital The recent launch of spot Bitcoin exchange-traded funds (ETFs) is believed to be a major driver of…
Demand on the Rise Like any other cryptocurrency, Shiba Inu’s price depends on the balance between demand and supply. When more people want to buy SHIB than sell it, the price goes up. Over the past 24 hours, trading volume has jumped over 33% to $2.1 billion. Plus, more traders are getting interested in SHIB,…
French Montana, known for his record-breaking streams, has made history by becoming the first mainstream artist to inscribe a complete song on the Bitcoin blockchain. The Unreleased Track The song, titled “Bag Curious,” is a hidden track from Montana’s “Mac & Cheese 5” album. It was inscribed into Bitcoin’s Proof of Work system, making it…
BitMEX co-founder Arthur Hayes believes the crypto bull market is just getting started. Influx of Retirement Funds Hayes predicts that newly approved spot Bitcoin ETFs will attract funds from retirement accounts. This “sticky flow” of money will provide support during price fluctuations. Memecoin Mania Hayes foresees a surge in the value of memecoins, with some…
Analyst’s Prediction Crypto analyst Rekt Capital predicts that Bitcoin’s current bull market cycle could peak in late 2024 or early 2025. He bases this prediction on historical trends, suggesting that the peak could occur within a range of 266 to 315 days from now. Historical Precedence In previous bull market cycles, Bitcoin has typically peaked…
Mega Bitcoin Purchase MicroStrategy, a software company, is planning to buy even more Bitcoin. They’re raising $500 million to add to their already massive Bitcoin stash. Just recently, they bought $821.7 million worth of Bitcoin. Bitcoin Acquisition Spree MicroStrategy is on a Bitcoin buying spree, likely because the cryptocurrency has been going up in value….
On-Chain Data Hints at Price Surge Analysts are keeping an eye on a specific metric called the UTXO Profit/Loss (P/L) Supply Ratio Momentum. This metric measures the profitability of short-term vs. long-term Bitcoin holders. In the past, significant spikes in this metric have been followed by major price rallies. With the metric currently on the…
