A prominent crypto analyst known as Bluntz is optimistic about Solana (SOL), an Ethereum competitor that has surged over 700% in the past six months. Technical Analysis Bluntz believes Solana has completed a bearish phase against the US dollar and has bottomed out at around $162. He expects the price to rise from here based…
Guy Turner, host of Coin Bureau, believes layer-3 Ethereum scaling solutions have significant potential for growth. Layer-3s: A Game-Changer Layer-3s are built on top of layer-2s, which enhance Ethereum’s scalability. Turner highlights their efficiency, making them ideal for gaming, DeFi, and more. Turner’s Top Picks Degen Base (DEGEN) Built on Coinbase-backed Base layer-2 Meme coin…
Market analysts at Santiment predict that Bitcoin (BTC) could surge to $100,000 if the correlation between cryptocurrencies and stocks weakens. Divergence from S&P 500 Brian Quinlivan, Santiment’s marketing director, observes that Bitcoin is potentially diverging from the S&P 500 index. This divergence has historically been a bullish signal for Bitcoin. “After the disappointing inflation news,…
Wealthy Individuals Flock to Bitcoin Barbara Goldstein, Managing Partner at R360, an exclusive networking club for the super-rich, reveals that Bitcoin is gaining popularity among the ultra-wealthy. Members of the club have expressed optimism about its potential as a lucrative investment. Factors Driving Bitcoin’s Appeal Goldstein cites several reasons for Bitcoin’s growing appeal: Upcoming Bitcoin…
Bitcoin is hovering around $70,000, and crypto enthusiasts are feeling optimistic about its growth before the upcoming halving event. Analyst’s Market Insights Rekt Capital, a cryptocurrency analyst, has outlined three distinct stages of the halving event for investors: Pre-Halving Retrace Bitcoin experienced an 18% pullback, which is lower than previous halvings. This was the last…
Stay Away from Crypto Derivatives Mishaboar, a Dogecoin developer, has urged investors to avoid leverage and derivatives in the cryptocurrency market, especially ahead of Coinbase’s listing of Dogecoin futures. He emphasized that the current market is highly volatile and unpredictable, increasing the risk of significant losses. Unfair Odds and High Risk Mishaboar compared trading in…
Exchange Deposits Remain Low Data shows that Bitcoin deposits on major exchanges like Binance and OKX have been low recently. This suggests that large holders, or “whales,” are not eager to sell. Bullish or Neutral Signal? Low exchange inflows can indicate either bullish or neutral sentiment for Bitcoin. If outflows are also low, it suggests…
Hong Kong is set to approve its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) as early as Monday, according to Bloomberg. Approval Process The Securities and Futures Commission (SFC) is finalizing the approval process, with Harvest Global Investments and a partnership between Bosera Asset Management and HashKey Capital likely to receive the…
Grayscale CEO Michael Sonnenshein has shed light on when his company plans to lower fees for the Grayscale Bitcoin Trust (GBTC). When Fees Will Drop Sonnenshein says GBTC fees will only go down once “Spot Bitcoin ETFs start to mature.” Spot Bitcoin ETFs are funds that track the price of Bitcoin, and GBTC currently has…
The Environmental Impact of Bitcoin Mining Despite its reputation as a wasteful and dirty industry, Bitcoin mining can be as environmentally friendly as any other. It requires only a small fraction of global electricity usage (0.2% to 0.9%) and has a carbon footprint of 78.7 million metric tons of CO2 per year in the US….
