Crypto analyst Ali Martinez believes Bitcoin (BTC) is showing signs of a bullish trend. According to Martinez, whenever the Relative Strength Index (RSI) indicator has dropped into “oversold territory” on the daily chart over the past two years, Bitcoin has surged by at least 60%. RSI Oversold Signal In August 2023, Bitcoin’s RSI dipped into…
Former President Donald Trump has made a surprising move by becoming a strong supporter of cryptocurrencies. He has promised to support innovation and reduce regulations in the industry. Crypto President Trump Trump’s pro-crypto stance has resonated with many who are frustrated with the current administration’s policies. He has even accepted campaign donations in cryptocurrencies like…
Cooling Off on Selling Shiba Inu (SHIB) is showing signs of recovery as investors seem to be holding onto their tokens. This has helped boost the price, which has risen in the past day. Decline in Exchange Flows Data shows that the amount of SHIB flowing into exchanges has decreased. This is good news because…
Hong Kong is making waves in the crypto world, with plans to become a major player in DeFi (decentralized finance) and the Metaverse. DeFi: A Growing Force Research shows that DeFi has exploded in value, from $6 billion in 2021 to over $80 billion in 2023. While it’s still a small part of the crypto…
Adoption Curve Analysis Analyst Willy Woo predicts that Bitcoin could reach a size comparable to the US dollar based on its adoption curve. Currently, Bitcoin’s market cap is around $1.2 trillion, but Woo believes it needs to grow tenfold to reach $10 trillion and become a reserve asset. Comparison to Internet Adoption Woo compares Bitcoin’s…
Introduction Florida Congressman Matt Gaetz has proposed a bill that would allow Americans to pay their federal income taxes in Bitcoin. This proposal aims to modernize the tax system and enhance the country’s technological leadership. Benefits of Bitcoin for Tax Payments Gaetz believes that Bitcoin offers several advantages for tax payments: Streamlined system: Bitcoin transactions…
Analyst Predicts $72,000 Resurgence Despite the recent market dip, cryptocurrency expert Javon Marks believes Bitcoin (BTC) is poised for a significant rebound. Technical Indicators Point to Recovery Marks analyzes technical indicators like the Relative Strength Index (RSI) and identifies a bullish divergence pattern, often a precursor to market upswings. He also notes the stability of…
Burns Skyrocket 101% Shiba Inu has witnessed a surge in token burns, with the daily burn rate doubling in the past 24 hours. Over 19 million tokens have been removed from circulation, a significant increase from the previous day’s 10 million. Weekly Burn Rate Declines Despite the daily surge, the weekly burn rate remains lower…
On Tuesday, the Cardano network faced a DDoS attack, a malicious attempt to disrupt its operations. However, the network’s robust mechanisms successfully countered the attack, ensuring stability and continued operation. Attack Details The attack started with a surge of transactions executing complex smart contracts and spending minimal ADA. This strategy aimed to overload the network…
A prominent trader has issued a warning about a popular Solana-based cryptocurrency known as dogwifhat (WIF). Technical Indicators Suggest Downward Trend According to the trader, known as Bluntz, technical analysis indicates that WIF could experience further price declines in the coming weeks. He points to a 109-day uptrend earlier this year, suggesting a similar duration…
