Coinbase CEO Brian Armstrong believes that the most important use case for cryptocurrencies is their ability to provide a return to “sound money.” The Need for a New Financial System Armstrong argues that out-of-control money printing has led to rising inflation and economic inequality. This has created a need for a new financial system that…
Analyst’s Signal Suggests Upside Potential On-chain analyst Willy Woo believes Bitcoin (BTC) is poised for a rally to new all-time highs. His Bitcoin Risk Signal, which compares network flows to price action, indicates that the crypto king is not yet done surging. “Enjoy the dip while this consolidation lasts,” Woo advises. “This is not the…
Fee War Heats Up The race to attract investors to Bitcoin ETFs has sparked a fee war among issuers. Grayscale, the largest digital asset manager, has remained unfazed by the competition, but its CEO, Michael Sonnenshein, has hinted at future fee reductions. Grayscale’s Strategy Grayscale’s GBTC, with a 1.5% management fee, has been criticized for…
Bitcoin’s recent surge has taken a sharp turn, with the cryptocurrency crashing below $63,000. This has triggered a massive flush of long contracts, amounting to around $533 million. Bitcoin’s Downtrend After hitting an all-time high of over $73,800, Bitcoin has experienced a bearish trend. The latest drop has seen its price plummet by over 7%…
SEC’s Lack of Clear Rules Challenged The crypto industry is pushing the SEC to set clear rules for the crypto market. Major players like Paradigm, the Crypto Council for Innovation, and the US Chamber of Commerce are supporting Coinbase’s appeal to the SEC for specific guidelines. Paradigm’s Arguments Paradigm argues that the SEC has not…
Global Interest Skyrockets Shiba Inu, the popular dog-themed cryptocurrency, has hit new heights, becoming one of the most searched cryptocurrencies on Google. Google Trends shows a surge in interest for Shiba Inu (SHIB) globally, reaching levels not seen in the past two years. Top Countries Driving Interest Ten countries have contributed significantly to Shiba Inu’s…
Crypto analyst Rekt Capital has issued a warning about a potential Bitcoin (BTC) correction based on historical market cycles. Danger Zone Imminent According to Rekt Capital, Bitcoin will enter the “danger zone” in two days, where it has historically experienced significant corrections. This zone typically occurs 14-28 days before the halving event, when miners’ rewards…
Massive Token Unlock Arbitrum, an Ethereum scaling solution, unlocked 1.11 billion ARB tokens on March 16th. This represented 42% of the circulating supply. Whale Activity According to Lookonchain, 11 whales deposited 34 million ARB tokens into crypto exchanges after the unlock. Token Distribution 673.5 million ARB tokens ($1.37 billion) were unlocked for the Arbitrum team,…
A popular analyst predicts that Ethereum (ETH) could surge 125% during this bull market. Layer-In, Layer-Out Model The analyst uses the layer-in, layer-out model, which considers factors like trend analysis and volatility, to determine potential price targets. $8,000 Price Target Based on this model, the analyst predicts that ETH could reach $8,000. However, they recommend…
Crypto Analyst Predicts Parabolic Rise A prominent crypto analyst, Credible, predicts a parabolic rally for Bitcoin (BTC), with the potential to reach a six-figure price tag. According to Credible, it’s time for altcoins to step aside and make way for the “king” of crypto. Elliott Wave Theory Forecast Credible uses the Elliott Wave theory, which…
