Bitcoin took a tumble below $54,000 on September 6th, with traders selling off their holdings in droves. The culprit? A mix of macroeconomic factors painting a gloomy picture for the future of Bitcoin. A Weak Job Report and a Shaky Economy The August job report came in weaker than expected, with only 142,000 new jobs…
A crypto analyst has spotted a potential bullish signal for Bitcoin. This signal could mean a big price jump is on the horizon! What’s the Signal? The signal is based on something called UTXOs (Unspent Transaction Outputs). Basically, it’s a way to track how many Bitcoin coins are held by people who are currently making…
Will Bitcoin reach new highs or crash? A big investment firm, Bernstein, thinks it all depends on who wins the US presidential election in 2024. Trump: Good News for Bitcoin? Bernstein says a Trump win would be great for Bitcoin. They predict it could soar to $90,000 by the end of 2024. Why? Because Trump…
ETH is currently struggling, but traders are optimistic. While it’s down 9% in the past week, there’s a lot of hope that prices will bounce back. Traders are pulling out of derivatives exchanges. This could be a good sign for ETH. It means that traders are becoming more cautious and less willing to bet on…
The Ethereum network is seeing a major resurgence, with activity levels reaching their highest point in four months. This surge has some analysts predicting a price increase for ETH. New Wallets, New Hope? The number of new wallets created on the Ethereum network has skyrocketed, particularly on September 8th, a day that usually sees lower…
A Japanese power company is exploring a new way to use excess renewable energy: Bitcoin mining. Harnessing Wasted Energy The Tokyo Electric Power Company (TEPCO) is looking to use its excess renewable energy to power Bitcoin mining. This is a unique approach in Japan, where the company hopes to create a more sustainable energy ecosystem….
Bitcoin has been on a downward trend lately, and it’s causing some pain for short-term investors. According to data from Glassnode, these investors are currently holding Bitcoin at a loss, which could lead to more volatility in the market. Short-Term Holders Under Pressure Glassnode, a cryptocurrency analytics firm, says that short-term Bitcoin holders are “underwater”…
Crypto analyst Benjamin Cowen thinks Ethereum (ETH) might finally reach its lowest price point in December of this year. He’s basing this prediction on a few factors. Unemployment and Crypto Trends Cowen points out that the US unemployment rate usually peaks in December. He believes this trend could also affect the crypto market, leading to…
Whales are buying up Bitcoin like it’s going out of style. According to IntoTheBlock, big-time Bitcoin investors (those holding between 100 and 1,000 BTC) have been quietly scooping up over $10 billion worth of Bitcoin in the last six months. They’re not fazed by the recent price dips, and are actually increasing their holdings. These…
A popular crypto analyst, known as Credible Crypto, is predicting a potential rebound for Bitcoin (BTC). He believes the cryptocurrency is showing signs of a bottom formation, suggesting a reversal from its recent correction. Signs of a Bullish Trend Credible Crypto points to several indicators that support his bullish outlook: Strong Spot Market Demand: Coinbase,…
