Reversal of Short-Term Bearish Stance Arthur Hayes, founder of BitMEX, has changed his short-term bearish stance on Bitcoin (BTC) after the cryptocurrency’s recent surge. Earlier this year, Hayes had purchased put options for Bitcoin with a strike price of $35,000, anticipating a short-term price correction. New All-Time Highs Expected In a recent interview, Hayes expressed…
A renowned crypto analyst, Rekt Capital, believes that Bitcoin (BTC) has entered a bullish phase in anticipation of the upcoming halving event. Pre-Halving Rally Phase According to Rekt Capital, Bitcoin’s bull markets can be divided into three stages: Pre-halving rally Post-halving resistance Post-halving parabola He emphasizes that BTC has officially entered the pre-halving rally phase….
On February 12, Bitcoin’s price soared past the $50,000 mark, reaching a peak of $49,990 on several exchanges. This remarkable rally was fueled by three main factors: spot Bitcoin ETF inflows, bullish signals from the options market, and supportive trends in the futures market. Spot Bitcoin ETF Inflows The surge in spot Bitcoin ETF inflows…
Bitcoin Supply in Profit Surges On-chain data shows that the Bitcoin Supply in Profit has neared the 95% mark during the recent rally. This indicator tracks the total percentage of the Bitcoin supply carrying some unrealized gain. Historical Significance of Percent Supply in Profit Analyst James Van Straten observes that historically, when the Bitcoin Percent…
£1 Billion Lawsuit to Recover £275 Million Worth of Bitcoin A British engineer, James Howells, is taking the Newport City Council to court for £1 billion, hoping to recover his lost Bitcoin hard drive containing 7,500 BTC. Howells believes the hard drive was accidentally thrown away during an office clearout in 2014. Council’s Refusal to…
US President Joe Biden recently sparked a buzz in the crypto community when he posted a picture of himself with laser eyes, a symbol often associated with bullish sentiment towards Bitcoin. This unexpected post led to speculation about a potential shift in Biden’s stance on digital assets. Biden’s Laser Eyes Meme On February 12, 2024,…
A crypto strategist who accurately predicted Bitcoin’s 2018 market bottom believes Solana (SOL) and its competitor, Sei (SEI), are poised for significant rallies. Solana (SOL) The pseudonymous analyst, known as Bluntz, shared his insights with his 239,500 followers on the social media platform X. He believes Solana is in the midst of a wave-three rally,…
Binance Research has published a report suggesting that ordinals could bring about a major transformation in the Bitcoin ecosystem. What are Ordinals? Ordinals allow users to inscribe digital data, such as images and videos, onto a single satoshi, or individual unit of BTC. This creates the equivalent of non-fungible tokens (NFTs) on the Bitcoin network….
Trafficked Man’s Ordeal A Malaysian man who responded to a job ad on Facebook was trafficked to Cambodia and forced to engage in crypto scams. The man, known as John, lost his job during the Covid-19 pandemic and was offered a customer service job at a Cambodian casino. Held Captive and Forced to Scam Upon…
The Congressional Budget Office (CBO) projects a significant increase in the US national debt, estimating it will reach $54.4 trillion by 2034. This represents a staggering $20.180 trillion increase from the current debt of $34.22 trillion. Hedge fund billionaire Paul Tudor Jones issued a warning, stating that the US is approaching a “debt bomb” explosion….
