Crypto analyst Benjamin Cowen has identified a potential indicator for predicting the end of Bitcoin’s bull market. He’s focusing on the MVRV Z-score. Understanding the MVRV Z-Score The MVRV Z-score compares Bitcoin’s market cap to the value of each coin when it was last moved. This helps determine if Bitcoin is undervalued, overvalued, or fairly…
Tether, the company behind the world’s largest stablecoin, USDT, just scored a major regulatory victory. The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) has officially recognized USDT as an “Accepted Virtual Asset” (AVA). What This Means for USDT This means ADGM businesses can now offer services related to USDT, like trading and…
A crypto analyst who correctly predicted Bitcoin’s recent flash crash is now predicting another big price swing. Let’s dive into the details. The Flash Crash and What Followed Bitcoin took a wild ride recently, plummeting from around $97,000 to $94,000 in under 30 minutes! This caused a massive $1.5 billion in liquidations as traders scrambled…
A crypto analyst is predicting huge price increases for XRP, a cryptocurrency used for payments. They believe XRP is undervalued after a recent breakout. XRP’s Bullish Future? Ali Martinez, a popular crypto analyst with a large following on X (formerly Twitter), forecasts significant gains for XRP. He suggests XRP could see price increases of at…
Social media is buzzing with talk of buying Bitcoin after its recent price drop. Let’s dive into the details. Social Sentiment and Bitcoin A cryptocurrency analytics firm, Santiment, analyzed social media chatter following the latest Bitcoin price dip. They looked at “Social Volume,” which basically measures how much people are talking about Bitcoin on platforms…
Dogecoin is down, but not out. Despite a recent market crash that saw crypto prices plummet and billions of dollars in liquidations, one analyst remains bullish on Dogecoin’s future. Market Crash and Dogecoin’s Resilience The crypto market took a hit, with a 4%+ drop in the overall market cap and over $1.75 billion in liquidations….
Bhutan’s government is making some savvy moves with its Bitcoin holdings. They’re not just holding onto it; they’re strategically selling off portions to maximize profits. Recent Bitcoin Sales On December 10th, Bhutan transferred around $49.4 million worth of Bitcoin (502 BTC) to Binance and QCP Capital. This was part of a planned sell-off, according to…
Dogecoin’s price has been a bit bumpy lately, but there’s reason for optimism. A recent breakout from a bullish chart pattern suggests DOGE could be headed for higher prices. A Bullish Breakout Crypto analyst Trader Tardigrade points to Dogecoin breaking out of a Symmetrical Triangle pattern. This is good news, suggesting a potential rally. The…
Ethereum (ETH) has been on a bit of a rollercoaster lately. Let’s break down what’s happening. Retail Investors Sell, Institutions Buy The price recently dipped below $4,000, a psychologically important level. Data from Binance shows that many retail traders were selling around this point. This negative sentiment has been building since early November. However, there’s…
A popular crypto analyst, Rekt Capital, predicts Bitcoin is just starting a massive price surge. They believe this “parabolic phase,” characterized by steep rallies, could last for around nine months. Bitcoin’s Parabolic Phase Rekt Capital, boasting a large following on X (formerly Twitter), points to historical Bitcoin price patterns. They claim Bitcoin is only 34…
