Prita Ghozie

Bitcoin Surges to $52,000, Up 21% in 2024

Bitcoin Bulls Back in Charge Bitcoin has regained its momentum, breaking past $52,000 after a brief dip below $50,000. Investors are confident in the digital asset’s future, shrugging off concerns about inflation. Surpassing $1 Trillion Market Cap This surge marks a milestone for Bitcoin, surpassing the $1 trillion market cap for the first time in…

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Japan’s Financial Watchdog Cracks Down on Suspicious Crypto Transfers

Enhanced Monitoring to Curb Financial Crimes Japan’s Financial Services Agency (FSA) has ordered financial institutions to tighten their monitoring of transfers to cryptocurrency exchanges. This move aims to prevent the use of digital currencies for illegal activities. Concerns over Fraud and Money Laundering According to a report by the National Police Agency, a significant portion…

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SEC Chair Gary Gensler Warns of Bitcoin’s Role in Ransomware

Gary Gensler, head of the US Securities and Exchange Commission (SEC), recently expressed concerns about Bitcoin’s alleged involvement in ransomware attacks. Gensler’s Critical View of Bitcoin Despite the success of Bitcoin exchange-traded funds (ETFs), Gensler has consistently criticized the cryptocurrency. He has called it a “speculative and volatile asset” and highlighted its use in illegal…

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Crypto Trader Forecasts Major Gains for Altcoins

A renowned crypto analyst predicts significant growth for three altcoins: ORDI, Avalanche (AVAX), and THORChain (RUNE). ORDI: Non-Fungible Token Bridge The analyst believes ORDI, a project that aims to integrate non-fungible tokens (NFTs) with the Bitcoin blockchain, is poised for a major surge. The coin has broken above a resistance level, indicating a potential breakout….

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Bitcoin Poised to Reach $60,000, But a Dip May Follow

Crypto expert Kevin Svenson predicts that Bitcoin (BTC) could surge to $60,000 before the upcoming halving event, where miners’ rewards are halved. Svenson believes that the current momentum could propel BTC to this key resistance level. However, he cautions that a dip to around $44,000 is possible after the halving. Svenson attributes the potential rise…

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