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Bitcoin’s price has been fluctuating around $67,000 lately, but it’s not likely to stay there for long. Inverse Head and Shoulders Pattern Emerges Crypto analyst Josh Olszewicz has identified an inverse head and shoulders (iH&S) pattern on Bitcoin’s 1-hour chart. This pattern is often seen as a sign of a potential price increase. The iH&S…
Ethereum (ETH), the second most popular cryptocurrency, has reached a significant milestone by breaking the $4,000 mark. This is the highest price ETH has seen in two years and brings it closer to its all-time high of $4,878. Technical Analysis Shows Promise Experts believe that Ethereum is poised to keep rising. The cryptocurrency has successfully…
Microstrategy’s Bitcoin Hoard As of March 6, 2024, Microstrategy, led by Michael Saylor, held 193,000 Bitcoin, surpassing all spot ETFs and other major holders. BlackRock’s iShares Bitcoin ETF BlackRock’s iShares Bitcoin ETF (IBIT) is hot on Microstrategy’s heels, holding around 191,131 BTC as of March 7, 2024. However, Microstrategy still holds a slight edge. Grayscale…
Similarities to Gold Zach Rector, a crypto expert, has compared XRP to gold due to their shared characteristics as investments. According to Rector, both XRP and gold are: Currencies Commodities Ripple’s Perspective Ripple’s CTO, David Schwartz, agrees with Rector’s assessment. He emphasizes that XRP is: A “raw good” traded in commerce Each XRP is equivalent…
Subtle Jab or Real Criticism? Cardano founder Charles Hoskinson recently commented on a comparison between Solana (SOL) and Cardano (ADA), sparking speculation about his opinion on Solana’s network value. Hoskinson responded to a tweet by saying, “Number goes up != good ecosystem or real network value.” This statement has raised eyebrows, as it suggests that…
Ethereum Altcoins with High Whale Activity According to on-chain data from Santiment, several Ethereum-based altcoins have been experiencing significant whale activity. The “whale transaction count” measures the number of transactions worth $100,000 or more, indicating whale involvement. Altcoins with Notable Whale Transactions The following altcoins have recently seen a surge in whale transaction count: Fantom…
Blockchain analytics firm Arkham Intelligence has revealed that Tesla and SpaceX, two companies owned by Elon Musk, hold over $1.3 billion worth of Bitcoin (BTC) across 96 addresses. Tesla’s Bitcoin Holdings Arkham identified that Tesla currently holds 11,510 BTC ($780 million) across 68 addresses. This includes the $1.5 billion worth of Bitcoin purchased by Tesla…
Traditional finance investors are buying up Bitcoin (BTC) at record levels, according to Ki Young Ju, co-founder of CryptoQuant. Massive Accumulation Ju reports that TradFi investors are dollar-cost averaging 6,896 BTC per day, amassing over 100,000 BTC in the past week. This accumulation is unprecedented, with no signs of outflows. Sell-Side Liquidity Crisis Predicted Ju…
Crypto analyst Rekt Capital believes Bitcoin (BTC) is in the thick of its pre-halving rally. However, he warns that dips are still possible. Dips Happen Rekt Capital notes that during the 2020 cycle, Bitcoin experienced a post-halving slump before soaring. He predicts a similar pattern this year. Bitcoin’s next halving, where miner rewards are cut…
A crypto analyst predicts that Bitcoin’s price could soar to $207,000 by June. This prediction is based on historical data that suggests a similar surge occurred after Bitcoin broke its previous all-time high. Historical Precedent In 2021, Bitcoin’s price tripled in just 103 days after breaking its previous ATH. The analyst believes this pattern could…
