Halving and Its Impact Bitcoin’s price has historically followed a pattern centered around the halving event, which occurs every four years. During halving, the reward for miners is cut in half, reducing the supply of new Bitcoin. This has led to price surges in the past. After the 2012 halving, Bitcoin’s price jumped from $12…
A popular crypto trader predicts that memecoins and a specific crypto subsector will lead the market this cycle. Memecoins: The Next Altcoin Rally Analyst The Flow Horse believes that traders who profited from memecoins will reinvest their gains into other crypto assets, sparking another altcoin rally. Artificial Intelligence: A Bullish Subsector In addition to memecoins,…
A federal judge has ruled that secondary market sales of crypto assets constitute securities transactions. This decision stems from an insider trading case involving Coinbase, where former product manager Ishan Wahi allegedly leaked confidential information to his brother and a friend. Background In July 2022, the SEC accused Ishan Wahi of providing his brother, Nikhil…
A crypto analyst who accurately predicted the bottom of the 2018 Bitcoin bear market believes the cryptocurrency has more room to grow. Wave Three Surge According to the analyst, Bluntz, Bitcoin is currently in the midst of a “wave three surge” in the monthly timeframe. Bluntz uses Elliott Wave theory, which attempts to predict price…
Trading Volume Boom The crypto investment world has hit a major milestone, with trading volumes soaring to a record $30 billion last week. This surge indicates a growing acceptance of cryptocurrencies in mainstream financial portfolios. Crypto Funds Inflows Crypto funds also experienced a significant influx, with $1.84 billion in net inflows. US spot Bitcoin ETFs…
Tether’s USDT Surpasses $100 Billion Tether’s USDT stablecoin has become the first to surpass $100 billion in circulation and market value. Its value is pegged to the US dollar, and its popularity has surged as demand for Bitcoin has grown. Tether Dominates Stablecoin Market USDT accounts for about 70% of the $142 billion stablecoin market….
Whale Population Growth Bitcoin has surpassed $67,000 as data shows a growing number of whales on the network. Whales, or entities holding at least 1,000 BTC, have been accumulating. This suggests increased buying activity in the market. Correlation with Price Analysts have observed a correlation between the number of whales and Bitcoin’s price. As the…
Popularity and Speculation Dogecoin’s popularity has sparked excitement, leading to speculation about a potential ETF (exchange-traded fund). While Ethereum is a popular choice, crypto expert Andrew Kang believes Dogecoin has a higher chance of approval. Expert’s Prediction Kang predicts a 30% chance of a Dogecoin ETF due to recent regulatory changes and Dogecoin’s decentralized nature….
Cathie Wood, CEO of ARK Invest, believes that Bitcoin’s price could still surge to $1.5 million. Institutional Investors Driving Growth Wood argues that institutional investors are increasingly recognizing Bitcoin as a new asset class with low correlation to traditional assets. This shift is expected to drive significant demand and price appreciation. Limited Supply and Growing…
Analyst Benjamin Cowen predicts a potential significant correction for Bitcoin (BTC). Retesting Resistance Levels Cowen notes that BTC historically retests previous resistance levels as support before rising further. However, he points out that BTC did not retest $30,000 as support during its recent climb above $60,000. This could indicate a potential 50% drop in value….
