Institutional investors poured a whopping $2.2 billion into cryptocurrency investment products last week, setting a new record for the year. This is according to CoinShares’ latest report on digital asset fund flows. Billions Flowing In The report highlights that the total inflow for the week reached $2.2 billion, bringing the year-to-date total to a staggering…
Investing expert Raoul Pal is placing his bets on a new cryptocurrency, Sui (SUI), predicting it could significantly outperform Solana (SOL). While he acknowledges Solana’s strength and stability, Pal believes Sui has the potential to be the “next chosen one” in the crypto market. Sui: The Next Big Thing? In a recent podcast interview, Pal,…
A crypto analyst, Trader Tardigrade, predicts a massive Bitcoin price surge. Their analysis points to a potential price of $113,000. The Bullish Pennant Trader Tardigrade spotted a “bullish pennant” on the Bitcoin chart. This pattern usually means a price increase after a short period of consolidation. They believe Bitcoin is currently consolidating before a significant…
Bitcoin’s open interest just hit another record high. What does this mean for the price of BTC? Let’s dive in. What is Open Interest? Open interest is a metric that tracks the total number of outstanding Bitcoin derivative contracts across all exchanges. A rising open interest means more traders are placing bets on Bitcoin’s price,…
Giggle Academy, an educational platform founded by Binance’s Changpeng Zhao (“CZ”), had its X account hacked. CZ himself announced the breach and warned followers to be wary of any posts coming from the compromised account. The Hack and its Fallout The hackers posted fake news, including a false announcement of a new CEO, and sent…
Dogecoin’s price took a bit of a dive recently, dropping from around $0.43 to $0.34. This almost 20% drop had people wondering if the party was over. Social media buzz, a big factor in Dogecoin’s price, seemed to be cooling off. Dogecoin’s Rollercoaster Ride Dogecoin’s price is heavily influenced by hype and social media trends,…
Charles Hoskinson, the founder of Cardano, recently revealed his ambitious plan to make the US the global leader in the cryptocurrency industry. He’s been busy talking to senators and other key players, and he thinks the next few months are critical. The Three-Pronged Approach Hoskinson’s plan involves three main strategies: Administrative Changes and Rulemaking: This…
Anthony Scaramucci, founder of SkyBridge Capital, believes the crypto market is finally finding its footing after a significant downturn. He recently shared his insights on Bloomberg Television. The FTX Fallout and Regulatory Uncertainty Scaramucci points to the FTX collapse in 2022 and the SEC’s regulatory approach as major contributors to crypto’s depressed prices. He argues…
MicroStrategy, the business intelligence firm, is taking a huge gamble on Bitcoin, and it could backfire, according to BitMEX Research. Their strategy of constantly borrowing money to buy more Bitcoin is raising concerns. A Debt-Fueled Bitcoin Strategy MicroStrategy has amassed a massive Bitcoin hoard, largely financed through issuing bonds. They currently have $4.25 billion in…
A well-known crypto analyst, Dave the Wave, predicts a huge price jump for Bitcoin. He believes a parabolic rally is likely once Bitcoin breaks the $100,000 mark. Bitcoin’s Four-Year Cycle Dave the Wave’s prediction is based on Bitcoin’s historical four-year cycle, tied to halving events. These events cut the rewards for Bitcoin miners in half,…
