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%…
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…
Massive Drop on BitMEX Bitcoin (BTC) has been on a downward spiral since crashing to $64,000 earlier this week. On Monday, the cryptocurrency plummeted to a shocking $8,900 on the BitMEX exchange. A massive sell-off by an unidentified user caused the price to drop sharply. The user sold over 400 BTC in increments of 10-50…
Halving Effect Bitcoin’s recent price drop is partly due to the upcoming Bitcoin Halving, which is expected to happen within the next 30 days. According to analyst Rekt Capital, Bitcoin is in the “Final Pre-Halving Retrace” phase, which typically involves a price pullback. Profit-Taking by Long-Term Holders Long-term Bitcoin holders are starting to sell their…
Exploring Diversification Japan’s Government Pension Investment Fund (GPIF), the world’s largest with $1.5 trillion in assets, is looking into adding Bitcoin to its investment mix. This move signals a potential shift for the fund, which has traditionally invested in more conservative assets. Information Gathering GPIF is currently gathering information about Bitcoin and other non-traditional assets….
Standard Chartered’s Bullish Outlook Standard Chartered, a global bank, has predicted a potential surge in Ethereum (ETH) prices. Analysts at the bank believe ETH could reach $14,000 by 2025. Key Drivers Spot ETH Exchange Traded Funds (ETFs): The potential approval of these ETFs by the US Securities and Exchange Commission (SEC) could significantly boost ETH…
