A well-known trader who accurately predicted the 2022 bear market bottom has shared his Bitcoin forecast after last week’s halving. Diminishing Returns Dave the Wave, the pseudonymous analyst, believes Bitcoin has consistently seen diminishing returns after every bull market since 2012. He expects gains of over 626% from the bottom, significantly lower than the 1,275%…
TREAT’s Role in the Ecosystem Shiba Inu recently announced a $12 million investment to develop TREAT, a non-stable token within its ecosystem. TREAT will play several crucial roles: Reward Token: Users who stake or provide liquidity using SHIB tokens will earn TREAT as rewards. Governance Token: TREAT holders will have voting rights to shape the…
IBIT’s Record-Breaking Inflows BlackRock’s iShares Bitcoin Trust (IBIT) has become a hot topic, with an unprecedented 70 consecutive days of inflows. This streak has placed IBIT among the top 10 ETFs with the longest daily inflow runs. Bitcoin ETF Revolution The launch of spot Bitcoin ETFs in 2024 has made it easier for investors to…
Bitcoin Halving Impact After the Bitcoin halving event on April 20th, analyst Michael van de Poppe noticed a shift in the crypto market. Bitcoin’s dominance, which measures its market share, has been declining. Investors Moving Away from BTC Data shows that Bitcoin’s dominance has dropped to 55.29%, indicating that investors are diversifying their portfolios into…
The Middle East is experiencing a digital gold rush as cryptocurrency markets soar in popularity. Crypto for the Masses Research shows that around 500,000 people in the region trade cryptocurrencies daily. The United Arab Emirates (UAE) leads the way with a crypto-friendly regulatory framework. Other countries are following suit, moving from bans to more tolerant…
Dogecoin (DOGE) Crypto analyst Ali Martinez believes Dogecoin is poised for a massive rally, potentially reaching $1 in the coming weeks. This prediction is based on a pattern observed during previous bull cycles, where DOGE consolidated before a significant surge. Saga (SAGA) Martinez also sees bullish signals for Saga, a layer-1 protocol. The Tom DeMark…
Outflows Hit $206 Million Digital asset manager CoinShares reports that institutional investments in crypto products saw a second week of outflows, totaling $206 million. This brings the two-week total to nearly $312 million. Interest Rate Fears Weigh on Crypto According to CoinShares, investor interest in crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) is declining…
Economist Henrik Zeberg predicts that Bitcoin (BTC) could reach $111,000 by August based on a technical indicator. RSI Indicator Points to Bullish Trend Zeberg analyzed Bitcoin’s monthly Relative Strength Index (RSI), which measures momentum. When the RSI exceeds 70, it has historically signaled a parabolic phase for Bitcoin. Currently, the RSI is at 71. Potential…
Crypto analyst Altcoin Sherpa has identified three altcoins with significant potential for growth: Wormhole (W) Cross-chain messaging protocol Launched during a challenging market Expected to experience a significant increase in value Omni Network (OMNI) Ethereum-based project Also launched in unfavorable conditions Poised for a substantial rise TNSR Governance token of NFT platform Tensor Demonstrating strong…
Bitcoin Halving: A Periodic Cut in Block Rewards Bitcoin has recently undergone its fourth halving, where block rewards for miners are halved. This event occurs every four years and reduces rewards from 6.25 BTC to 3.125 BTC. Miner Revenue Sources Miners earn revenue from block rewards and transaction fees. Block rewards have historically been the…
