Bitcoin’s open interest recently plummeted to its lowest point in six months. What does this mean for the price of Bitcoin? Several analysts weigh in, offering a surprisingly positive outlook. A Six-Month Low and What it Means Crypto analyst CrediBULL Crypto noticed Bitcoin’s open interest hitting a six-month low. Interestingly, the last time this happened,…
Could Bitcoin be headed for a massive price drop? Let’s examine the historical patterns and what analysts are predicting. A History of Bitcoin Crashes Bitcoin’s history shows a recurring pattern: huge price increases (bull runs) are often followed by significant price decreases (bear markets). Analysts are looking at this history to predict the future. Past…
The FBI and US Attorney’s Office are cracking down on a major crypto scam, returning millions to victims. This “wrong number” scam targeted people across the US, including Ohio. How the Scam Worked Scammers contacted victims via text message, pretending to have dialed the wrong number. They’d then build a relationship, gaining the victim’s trust…
Bitcoin (BTC) had a wild weekend. After a dip to $78,258 on February 28th, it mostly recovered. But this price action created a huge new CME (Chicago Mercantile Exchange) gap, leaving some worried about another price drop. What’s a CME Gap? A CME gap happens because the CME futures market closes on weekends, while the…
Trump’s recent announcement of a US Crypto Strategic Reserve has sparked a lively debate in the crypto world. While some see it as a bullish signal, others are far more skeptical. Skepticism from Crypto Leaders Arthur Hayes, the founder of BitMEX, wasn’t impressed. He called the announcement “just words” on X (formerly Twitter), pointing out…
Crypto expert Tom Lee, co-founder of Fundstrat, has issued a short-term bearish prediction for Bitcoin (BTC). He anticipates a price drop. Lee’s Price Prediction Lee believes Bitcoin could fall to $62,000 by the end of March, representing a roughly 34% decrease from current prices. This prediction is based on technical analysis from his colleague, Mark…
Ethereum co-founder Vitalik Buterin has slammed the US government’s case against Bitcoin pioneer Roger Ver, calling the charges “absurd” and politically motivated. Ver’s Arrest and Charges Roger Ver, a prominent early Bitcoin investor and Bitcoin Cash advocate, was arrested in Spain in April 2024 on multiple charges including mail fraud, tax evasion, and filing false…
Russia is moving forward with its digital ruble, and smart contracts are playing a bigger role than expected. Digital Ruble Pilot Program Expanding The Central Bank of Russia’s governor, Elvira Nabiullina, recently announced that the digital ruble pilot program is going well. Over 1,700 individuals from 15 banks and around 30 companies are currently testing…
Economist Henrik Zeberg is predicting a massive rally for Bitcoin and other cryptocurrencies. He believes the US economy is on the brink of a serious recession, forcing the Federal Reserve to print more money. This influx of cash, he argues, will trigger a massive price surge in the crypto market. A Recession on the Horizon?…
The world of cryptocurrency is booming, but it’s not without its problems. Bitcoin mining, for example, uses a ton of energy, which isn’t great for the environment. But what if there was a way to mine crypto sustainably and make a killing? That’s what BitconeMine claims to offer. BitconeMine: Cloud Mining Made Easy (and Profitable?)…
