Cryptocurrency expert Michaël van de Poppe believes Bitcoin is at a critical juncture, facing a choice between a surge to new highs or a significant sell-off. Bitcoin’s Key Support According to van de Poppe, Bitcoin must hold its current support level of $60,500 to maintain its momentum towards all-time highs. If this support breaks, he…
Crypto analyst Inmortal predicts a second wave of the bull market, with Bitcoin (BTC) mirroring a 2020 pattern before a significant surge. Bitcoin’s Bullish Outlook Despite a bearish market appearance, Inmortal believes Bitcoin remains within a trading range and is poised for a breakout. He advises holding positions as the market prepares for a surge….
Cramer’s Bold Claim CNBC’s Jim Cramer has made waves by saying that Bitcoin is a better investment than MicroStrategy stock. Despite MicroStrategy’s impressive 85% gain this year, Cramer thinks Bitcoin’s 125% rise is more promising. MicroStrategy’s Bitcoin Love MicroStrategy remains a strong supporter of Bitcoin. CEO Michael Saylor is a huge fan and has personally…
Miners Feeling the Pinch Bitcoin has been hovering above $60,000, but miners’ recent actions could shake things up. The halving, which reduced the block reward by half, has put miners in a tight spot. Revenue Drop and Increased Pressure Miners rely on rewards and transaction fees for income. The halving has slashed their revenue, and…
SEC Classification Conundrum The Securities and Exchange Commission (SEC) views Ethereum (ETH) as a security, not a commodity. This distinction is crucial because commodity ETFs are easier to approve than security ETFs. Slim Chances of Approval Bloomberg analysts believe the SEC’s recent inquiries about whether Ethereum ETF proposals qualify as commodities indicate that the SEC…
Background: Vitalik Buterin’s SHIB Burn In 2021, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens, sparking a surge in the token’s value. This act was seen as a sign of his belief in the project and a gesture of decentralization. K9 Finance’s Burn Inspired by Buterin’s burn, K9 Finance, a liquid staking platform for…
In-Game Purchases: A Lucrative Market In-game purchases, such as skins and virtual currencies, have become a multi-billion dollar industry. However, these purchases are often limited to specific game ecosystems and are not tradable or monetizable by players. On-Chain Purchases: A Solution Web 3.0 and blockchain technology offer a solution to this problem. By storing in-game…
A prominent crypto strategist, Ali Martinez, is predicting a massive rally for VeChain (VET), a blockchain project focused on supply chain management. VeChain (VET) Martinez believes VET could surge by over 1,660% by the end of 2024, reaching a potential high of $0.60. This prediction is based on the altcoin’s historical price action, which Martinez…
The State of Wisconsin has invested nearly $163 million in two major Bitcoin exchange-traded funds (ETFs): BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). Investment Details The investment was made before March 15, 2024, the deadline for institutional investors to disclose their first-quarter holdings. The State of Wisconsin Investment Board, which manages investments…
A well-known crypto analyst, Credible Crypto, believes Bitcoin (BTC) is about to make a significant jump. He expects BTC to reach $68,000 within days. Bitcoin’s Bounce Credible Crypto believes Bitcoin will dip below $60,000 before bouncing back strongly towards $68,000. Bitcoin is currently trading at $62,613. XRP’s Potential Credible Crypto also predicts that XRP, a…
