Cathie Wood’s Prediction Cathie Wood, CEO of Ark Invest, believes that only Bitcoin and Ethereum will get the green light for spot ETFs in the US. She thinks the Securities and Exchange Commission (SEC) will not approve funds that don’t include these two major cryptocurrencies. SEC’s Preference Wood’s prediction aligns with experts who have said…
Dave the Wave Predicts Bitcoin’s Future The crypto trader who accurately predicted the crypto market crash of 2021 believes Bitcoin (BTC) is poised to reach much higher prices. The analyst, known as Dave the Wave, shared a chart with his followers outlining a possible scenario for Bitcoin’s price over the next year or so. Bitcoin’s…
Altcoin Sherpa’s Analysis Altcoin Sherpa, a popular cryptocurrency analyst, believes that Pyth Network (PYTH) has significant upside potential despite recently reaching an all-time high. According to Sherpa, coins trading in price discovery territory often experience strong uptrends due to a lack of resistance. Pyth Network (PYTH) PYTH is currently trading near its ATH, presenting an…
Key Points: MicroStrategy’s founder, Michael Saylor, attributes the surge in Bitcoin demand to the approval of spot market Bitcoin exchange-traded funds (ETFs) in the US. Saylor believes that there is a significant amount of pent-up demand for Bitcoin, with investors waiting for the approval of ETFs to gain access to the asset. Spot market Bitcoin…
34 Trillion Reasons to Believe in Bitcoin Mike Novogratz, CEO of Galaxy Digital, has expressed his unwavering confidence in the future of Bitcoin (BTC), citing the growing US debt as a key reason for his optimism. Novogratz points out that the US government is currently paying billions of dollars per day just to pay the…
On Tuesday, Bitcoin’s price took a dip from $49,900 to $48,300 after the release of US inflation data. The data came in higher than expected, with the headline CPI at 3.1% instead of 2.9% and the core CPI at 3.9% instead of 3.7%. This led to a negative reaction in the traditional financial market, dragging…
SEC’s Actions Resemble a ‘Police State’ Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has strongly criticized the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Alderoty’s criticism stems from the SEC’s actions in the DEBT Box case, where the SEC obtained a Temporary Restraining Order (TRO) against DEBT Box and then…
Bitcoin, the leading cryptocurrency, has recently surged in price, surpassing the $50,000 mark. This rally, coupled with a high reading on the Crypto Fear and Greed Index, indicates a market brimming with optimism but also raises concerns about potential overheating. Extreme Greed: Index Hits Highest Since ATH The Crypto Fear and Greed Index, a popular…
Angel Drainer’s Phishing Scheme Blockaid, a Web3 security firm, recently reported a major security breach involving the notorious phishing group Angel Drainer. The group targeted 128 crypto wallets and successfully drained them of their funds, amounting to over $403,000. The attack began on February 12th at 6:41 am when Angel Drainer deployed a Safe Vault…
The crypto community has been buzzing about Genesis’ plan to sell 36 million shares of Grayscale Bitcoin Trust (GBTC), worth around $1.5 billion. This announcement sparked concerns of a potential market downturn, similar to the one following the FTX bankruptcy estate’s sale of GBTC. However, a closer look reveals a less dire scenario. No FTX-Like…
