Market Sentiment: Not Always Reliable Crypto analyst Michaël van de Poppe warns that market sentiment can be misleading. He cites examples where sentiment predicted a new all-time high for Bitcoin, but it didn’t happen. Conversely, when sentiment was negative and the price dropped to $39,000, it eventually recovered. Current Market Trends The current surge in…
Japan is opening its doors to cryptocurrencies by allowing investment funds to hold digital assets directly. Kishida’s Support Prime Minister Fumio Kishida’s government has approved a bill that will amend the Industrial Competitiveness Enhancement Act. This amendment will allow venture capital firms and investment limited partnerships to include crypto assets in their portfolios. Growing Recognition…
Major Crypto Breach Hackers targeted FixedFloat, a decentralized finance (DeFi) crypto exchange, and stole over $26 million worth of Bitcoin (BTC) and Ethereum (ETH). Stolen Funds 1700 ETH transferred to an Ethereum address $21 million worth of BTC stolen Investigation The stolen ETH was sent to an exchange that uses mixing techniques to hide the…
Worldcoin (WLD) has been making waves lately, with its value skyrocketing over 200% in a week. This AI-powered altcoin is riding the wave of excitement surrounding artificial intelligence (AI). Here are three other altcoins that could follow in WLD’s footsteps: Arkham (ARKM) The native cryptocurrency of the Arkham platform. Shown strong promise during the recent…
Whales Buy, Smaller Holders Sell Bitcoin’s largest holders are aggressively buying up the cryptocurrency, while smaller whales are selling. Wallets holding between 1,000 and 10,000 BTC have added $12.95 billion worth of Bitcoin in 2024, while wallets holding 100 to 1,000 BTC have sold $7.89 billion. Large Transactions Surge The number of large Bitcoin transactions…
Altcoin Market Remains Strong Crypto analyst Jason Pizzino believes a significant altcoin correction is unlikely. He points to the monthly chart of TOTAL3, which tracks the total market cap of crypto assets excluding Bitcoin, Ethereum, and stablecoins. Pizzino notes that TOTAL3 is consolidating and preparing for a breakout, suggesting that a severe correction is not…
An unknown institution has been on a buying spree, accumulating over $216 million worth of Chainlink (LINK) in just two weeks. According to blockchain tracking firm Lookonchain, dozens of wallets linked to the institution have withdrawn massive amounts of LINK from crypto exchange Binance. LINK’s Bullish Run LINK has been on a tear in February,…
According to IntoTheBlock, Bitcoin (BTC) has a high chance of reaching a new all-time high within the next six months. This forecast is based on five key catalysts: Bitcoin Halving In April, the Bitcoin halving will occur, reducing the rewards for BTC miners by half. This event is expected to reduce selling pressure and boost…
Whale Holdings on the Rise According to data from Santiment, Bitcoin whales (holding 1,000-10,000 BTC) have been accumulating significant amounts of the cryptocurrency since the beginning of 2024. They’ve added a total of 248,900 BTC, worth approximately $13 billion. Sharks Trim Holdings In contrast, Bitcoin sharks (holding 100-1,000 BTC) have sold off 151,200 BTC, worth…
Jim Bianco, a renowned Wall Street expert, has criticized Spot Bitcoin ETFs, calling them a “giant mistake.” Here’s why: Decentralization Concerns Bianco believes Spot Bitcoin ETFs undermine the decentralized nature of Bitcoin. He argues that these ETFs are tied to centralized systems, such as regulated brokerages and the New York Stock Exchange. This could compromise…
