A well-known crypto analyst, Rekt Capital, is predicting a potential downturn for Bitcoin. This analyst correctly predicted a Bitcoin price drop earlier this year. Bitcoin’s Support Levels Broken Rekt Capital, who boasts a large following on X (formerly Twitter), points to Bitcoin breaking through two key support levels on the weekly chart. This, they say,…
Bitcoin (BTC) is currently trading around $92,000, but could a significant price increase be on the horizon? Glassnode co-founders Jan Happel and Yann Alleman, known as Negentropic, believe it’s possible, drawing parallels to past market behavior. Comparing Past and Present Negentropic points to the period between December 2020 and February 2021 as a similar market…
MicroStrategy, the business intelligence company, just added another 2,138 Bitcoins to its collection! This latest purchase, costing them $209 million, brings their total Bitcoin holdings to a whopping 446,400 BTC. Another Bitcoin Purchase The company announced this latest buy, made between December 23rd and 29th, at an average price of $97,837 per Bitcoin. To pay…
China’s approach to cryptocurrency is a fascinating contrast between its mainland and Hong Kong. While the mainland remains firmly against crypto, Hong Kong is forging ahead, aiming to become a major player in the digital asset world. Mainland China: Sticking to the Ban China’s 2024 Financial Stability Report, published by the People’s Bank of China…
Blockware Solutions, a major cryptocurrency firm, is predicting a massive price jump for Bitcoin in 2025. Their forecast hinges heavily on President Trump’s proposed US Strategic Bitcoin Reserve. Three Possible Scenarios Blockware lays out three scenarios for Bitcoin’s price next year: Bear Market ($150,000): In a pessimistic outlook, Bitcoin could still see a significant 58%…
Bitcoin’s been holding its own lately, staying above important support levels even after its recent dip from record highs. While the market’s a bit gloomy, Bitcoin’s price is surprisingly steady, giving investors some hope. A Trillion-Dollar Store of Value? Adding to the positive news, the CEO of CryptoQuant recently revealed some interesting data. By combining…
CryptoQuant’s CEO, Ki Young Ju, is raising concerns about the US government’s potential adoption of a Bitcoin standard. He argues that the government’s reasons for doing so would likely be very different from those of Bitcoin enthusiasts. Why a US Bitcoin Standard is Unlikely…For Now Ju suggests that a major threat to the US’s global…
A major early investor in Ethereum has been offloading a huge chunk of their holdings. This isn’t just pocket change; we’re talking serious crypto cash. Millions in ETH Sold According to blockchain analysts, this whale—someone who participated in Ethereum’s initial coin offering (ICO)—has sent a staggering $171.78 million worth of ETH to the Kraken cryptocurrency…
Galaxy Research, the research arm of Galaxy Digital, has released some bold predictions for Bitcoin and Ethereum in 2025. Their analyst, Alex Thorn, shared these forecasts on X (formerly Twitter). Bitcoin’s Bullish Run Thorn predicts a massive surge for Bitcoin (BTC) in 2025. He believes it will: Cross $150,000 in the first half of the…
Will Ethereum reach new all-time highs? Recent analysis suggests a strong possibility. Ethereum’s Past Performance Suggests a Bullish Future A crypto analyst, “Titan of Crypto,” believes Ethereum (ETH) is poised for a significant price increase, potentially reaching its previous all-time high of $4,800. Their analysis compares the current market cycle to the 2021 cycle. While…
