Bitcoin’s Recovery: What’s Needed?

Crypto expert Willy Woo believes Bitcoin will rebound when: Weak Miners Exit the Market Miners with outdated equipment and high costs will go bankrupt. Others will be forced to upgrade to more efficient hardware. This happens after Bitcoin halvings, where miners’ income is cut in half. Miners sell their Bitcoin to cover losses or upgrade…

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Bitcoin’s Support Flips to Resistance

Bitcoin’s support level at $64,515 has become a strong resistance after being breached. This shift in market sentiment has traders wondering if Bitcoin can regain this level or face further declines. Current Market Conditions Bitcoin is currently trading at around $64,444, with a market cap of over $1.2 trillion. It has gained 0.47% in the…

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Banks Warned Over Risky Derivatives

US regulators have raised concerns about the contingency plans of major banks, including JPMorgan Chase, Bank of America, and Citibank, for managing trillions of dollars in derivatives. Inadequate ‘Living Wills’ The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) have found that the banks’ “living wills” – plans for winding down their operations without government…

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Altcoins Poised for a Surge, Analyst Says

A renowned crypto analyst predicts that altcoins are poised for a significant rally before the current crypto cycle concludes. Triggering Events The analyst, Altcoin Sherpa, believes one of two events must occur before a major altcoin rally: Final Capitulation: A sharp decline that shakes out weak hands, similar to Solana’s drop in December 2020. Consolidation…

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Bitcoin and Ethereum Predicted to Surge, Says Scaramucci

SkyBridge Capital CEO Anthony Scaramucci predicts that Bitcoin (BTC) and Ethereum (ETH) could soar significantly in this market cycle. Price Targets Scaramucci believes Bitcoin could reach $170,000 to $250,000, while Ethereum could hit $10,000 to $12,000. Biden’s Re-election and Crypto’s Future Scaramucci anticipates that President Joe Biden’s re-election in November will lead to new all-time…

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Crypto Analyst Predicts 150% Surge for Altcoin, Updates Bitcoin and Ethereum Outlook

Chainlink (LINK) Cryptocurrency analyst Michaël van de Poppe predicts a significant rally for Chainlink (LINK). He notes that LINK’s price pattern against Bitcoin resembles a previous trend that led to a 150% surge. Bitcoin (BTC) Van de Poppe believes Bitcoin may bottom out around $63,000-$65,000 before reversing upwards. He suggests that a reversal is imminent….

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Fidelity’s Ethereum ETF Gets a Boost

Fidelity’s Seed Capital Fidelity has updated its application for an Ethereum ETF, revealing that it has invested $4.7 million in seed capital. The company purchased 125,000 shares of the fund at a price of around $38 each. No Staking for Fidelity Fidelity has confirmed that it will not participate in Ethereum staking, a process that…

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