Bitcoin has seen a remarkable surge of over 4% in the past 12 hours, breaking out of a recent lull. This follows a bull pennant breakout, with the price now targeting $55,000. Bullish Pennant Breakout The 4-hour Bitcoin (BTC/USD) chart shows the cryptocurrency trading at $44,609, having just broken out of a bullish pennant pattern….
Bitcoin has recently made a remarkable recovery, surpassing the $44,500 mark. This surge in value has sparked curiosity among investors and analysts, leading to speculation about the underlying factors contributing to this upward trend. Factors Behind the Bitcoin Price Surge 1. Accumulation by Bitcoin Whales: On-chain data from Santiment reveals a significant increase in the…
Bitcoin (BTC) has made a remarkable comeback, reaching a four-week high of $44,300 and approaching the coveted $45,000 level. This surge is attributed to a combination of factors, including renewed accumulation by major investors, record highs in US equity markets, and a surprise regulatory change in Thailand. Whale Activity Fuels Bitcoin’s Resurgence Bitcoin’s rally was…
Potential Conflict of Interest Raises Concerns US prosecutors have called for a thorough examination of the cases involving former Celsius CEO Alex Mashinsky and FTX founder and former CEO Sam Bankman-Fried. The concern stems from the potential conflict of interest arising from the shared legal representation of both crypto companies. US Prosecutors Address Conflict of…
Ethiopia: A Haven for Cryptocurrency Firms Chinese Bitcoin miners are flocking to Ethiopia in a strategic move driven by the country’s low electricity costs and embrace of Bitcoin mining. This unexpected partnership sets the stage for a unique collaboration in East Africa. Ethiopia’s Bitcoin Bet: Navigating Geopolitical Complexity Despite a ban on cryptocurrency trading, Ethiopia…
The National Basketball Association (NBA) and former Dallas Mavericks owner Mark Cuban are facing a lawsuit over their promotional links with the now-defunct crypto exchange Voyager Digital Holdings Inc. Allegations of Negligence and Fraud The lawsuit, filed in Miami, accuses the NBA and Cuban of “gross negligence” in their marketing partnership with Voyager. It also…
Key Points: Crypto analyst Ali Martinez predicts a potential breakout for Chainlink (LINK). LINK could rally to $26.87, marking a 38% increase from current levels. Other analysts are also bullish on LINK, anticipating further gains in the coming months. Crypto analyst Ali Martinez believes Chainlink (LINK) is poised for a significant upward move if it…
Ransomware Attacks on the Rise Ransomware attacks have made a comeback in 2023, with over $1 billion extorted from victims, according to a new report from market intelligence platform Chainalysis. The report found that the number of ransomware attacks increased across the board in 2023, and the trend is expected to continue. Growing Number of…
XRP Lawyer Predicts 40% Chance of Motion to Dismiss Success At the iConnections Global Alts conference, XRP supporter and lawyer John Deaton weighed in on the likelihood of Coinbase prevailing in its lawsuit against the SEC. Motion to Dismiss In June 2023, the SEC filed a lawsuit against Coinbase, alleging that it operated as an…
Analysts Predict Huge Rally in Digital Assets Crypto analysts Jan Happel and Yann Allemann, known as Negentropic on social media, predict a massive rally in digital assets due to a weakening US dollar. They believe the dollar index (DXY) is nearing the end of a bounce and will soon decline, leading to a surge in…
