A recent trade involving the popular memecoin Shiba Inu (SHIB) has turned heads with its massive gains. 628X Return on Investment In 2021, a trader purchased billions of SHIB for just $2,521. Fast forward to today, those SHIB are now worth an astonishing $1.93 million. The trader recently withdrew their SHIB from a staking platform…
Billionaire Mark Cuban, known for his role on “Shark Tank” and as a Dallas Mavericks owner, has declared his preference for Bitcoin (BTC) over gold as an investment. Why Bitcoin? In an interview with CNBC, Cuban explained that he views Bitcoin as a better option than gold from an investment standpoint. He believes that the…
Seasoned trader Tone Vays predicts that Bitcoin (BTC) will exceed expectations in the current market cycle. Spot Market ETFs: A Game-Changer With the launch of spot market exchange-traded funds (ETFs) this year, Vays believes BTC is poised for a surge beyond his previous target of $200,000. He suggests that the bull market could extend or…
Corrections Are Normal Bitcoin’s recent dip after reaching an all-time high is not surprising, according to market analyst Alex Thorn. In bull markets, corrections are common. Bitcoin experienced similar drops in 2021 and 2017. Profit-Taking Likely Crypto analyst Guy Turner suggests that profit-taking contributed to the pullback. Investors may have sold their Bitcoin after its…
Sell Signal Flashes Crypto analyst Ali Martinez has identified a sell signal from the Tom DeMark (TD) Sequential indicator on Bitcoin’s daily chart. This indicator has a strong track record of predicting Bitcoin trends, suggesting a potential correction. Historical Accuracy Martinez notes that the TD Sequential indicator has accurately predicted Bitcoin’s price movements in the…
The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Charles Edwards, CEO of Capriole Investments, believes Bitcoin is entering a new era of momentum. Here’s what his on-chain data analysis reveals: Key Metrics Energy Value: Bitcoin’s value based on energy input is currently $70,000, suggesting it’s fairly valued for the first time in two years. SLRV Ribbons: Ratio of short-term to long-term holders indicates…
Cardano Founder’s Prediction Charles Hoskinson, the founder of Cardano, believes the altcoin season will begin when Dogecoin (DOGE) surpasses Cardano (ADA) in market cap. DOGE vs. ADA DOGE and ADA are currently neck-and-neck, ranked 8th and 9th in market cap. DOGE briefly surpassed ADA on March 5th, but ADA regained its position after Bitcoin’s correction….
Binance, the crypto giant, has put a stop to Solana (SOL) withdrawals due to a massive spike in network activity. Solana’s Lightning Speed, Now a Bottleneck Solana, known for its super-fast transactions, is facing congestion issues. Binance has temporarily suspended withdrawals since March 4, 2024, to address the problem. DeFi Boom Fuels Traffic Surge The…
Soaring Bitcoin Prices and ETF Surge Bitcoin has been on a wild ride, reaching new heights of $69,018. This surge has also boosted other cryptocurrencies like ether and Solana. One major factor behind this growth is the increasing demand for spot bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs: A Safer Way to Invest ETFs provide…
