Bitcoin’s price has been pretty steady lately, hovering just above $107,000 after briefly hitting almost $108,000. But a popular crypto analyst thinks things are about to get interesting. Compression and the $115,000 Target According to this analyst, Bitcoin’s price action is currently in a “compression phase.” Think of it like a coiled spring – the…
Bitcoin spot exchange-traded funds (ETFs) in the US saw a massive surge in investment last week. Let’s break down the numbers. A Week of Big Gains Over $2 billion flowed into these Bitcoin ETFs, extending a three-week winning streak. This is a huge turnaround from the first week of June, which actually saw some money…
Bitcoin’s price took a wild ride this week, dipping below $100,000 before bouncing back above $107,000. But despite this recovery, a new trend is emerging that could impact Bitcoin’s future. A Surge in Short Positions A recent analysis from Alphractal highlighted a significant increase in short positions over the past seven days. This means more…
Bitcoin’s price has been stuck in a tight range recently, hovering around $106,000-$107,000. This isn’t just random price action; there’s a fascinating story unfolding behind the scenes. Liquidation Zones: The Price Battleground Crypto analyst KillaXBT has pointed out some crucial “liquidation zones” that are influencing Bitcoin’s price movement. These are price levels where a lot…
With Bitcoin and other cryptocurrencies on the rise, the IRS is stepping up its game. They’re sending out a ton of warning letters to crypto investors, raising concerns about how accurately people are reporting their crypto earnings on their taxes. A Flood of Warning Letters The number of these letters has exploded in the last…
Financial guru Ric Edelman is seriously boosting his Bitcoin recommendation. He’s suggesting investors allocate a whopping 10% to 40% of their portfolios to Bitcoin, a huge jump from his previous cautious 1% suggestion. What’s driving this dramatic shift? Let’s dive in. The Bitcoin ETF Boom The launch of US Bitcoin spot ETFs in January 2024…
Turkey’s cracking down on crypto, and it’s causing a stir. The Financial Crimes Investigation Board (MASAK) just dropped some serious new rules, and a Turkish crypto analyst is breaking it all down for us. New Rules, New Headaches for Traders? MASAK’s new guidelines (Communique No. 29) aim to prevent money laundering and are impacting how…
Ethereum has been playing second fiddle to Bitcoin for a while now. But things are changing. Ethereum’s Recent Strength Since April, Ethereum has shown some serious muscle. Increased investment in US Ethereum ETFs has boosted its price, especially compared to Bitcoin. A Crypto Analyst’s Prediction Crypto analyst Michaël van de Poppe sees big things for…
A recent survey shows central banks are becoming less reliant on the US dollar. This shift isn’t a sudden ditching of the dollar, but a gradual move towards diversification. Growing Doubts About the Dollar The Official Monetary and Financial Institutions Forum (OMFIF) surveyed 75 central banks worldwide. The results reveal growing concerns about the dollar’s…
A popular crypto analyst, known as TechDev, is forecasting a huge rally for altcoins (cryptocurrencies other than Bitcoin). He believes the market is primed for a massive upswing unlike anything seen before. Technical Indicators Point to Big Gains TechDev shared a chart showing the total market cap of altcoins (excluding Bitcoin and stablecoins). Using a…
