Bitcoin’s value has been on a wild ride lately, hitting a high of $53,000 before taking a nosedive. But one crypto expert says the cryptocurrency still has room to grow. Bitcoin’s Strength Despite the recent drop, Bitcoin is still trading above $50,000, which analyst Michael van de Poppe sees as a sign of strength. He…
Bitcoin’s rocky start to the week, losing its footing above $52,000, has raised concerns. However, indicators suggest a possible continuation of the upward trend. Fisher Transform Analysis Crypto analyst Tony The Bull identified a significant trend in Bitcoin’s chart that could trigger a continuation of the rally above $52,000. The 1-week Fisher Transform shows similarities…
Bitcoin’s Pre-Halving Retracement Crypto analysts believe that Bitcoin’s recent price action suggests an imminent altcoin season. During this period, other crypto tokens typically outperform Bitcoin. Correction on the Horizon Analysts have observed that Bitcoin’s funding rate is “mildly high,” indicating a potential correction. This creates an opportunity for altcoins to make significant gains. Ethereum Leading…
Bitcoin has been on a bullish run, reaching $50,000 for the first time in two years. However, some crypto analysts believe that a correction may be on the horizon. Potential Pullback Cryptocurrency expert Crypto Jelle recently shared his analysis with his followers on social media. He believes that Bitcoin could undergo a retest anytime soon….
Lejilex and CFAT Challenge SEC’s Oversight A Texas-based crypto company, Lejilex, and the Crypto Freedom Alliance of Texas (CFAT), have filed a lawsuit against the US Securities and Exchange Commission (SEC). They allege that the SEC is overreaching its regulatory authority and seeking clarity on how digital assets should be classified. Lejilex, which operates the…
Surging User Activity MetaMask, a popular crypto wallet, has seen a significant surge in monthly active users (MAUs), reaching over 30 million in just five months. This represents a remarkable increase from the 19 million users recorded in September 2023. This uptick could be a positive indicator of growing activity in non-custodial activities, such as…
Bitcoin Inflows to Accumulation Wallets Hit All-Time High On-chain data reveals that Bitcoin inflows to “accumulation wallets” have reached a new all-time high, signaling a potentially bullish trend for the cryptocurrency. What Are Accumulation Addresses? According to Ki Young Ju, founder and CEO of CryptoQuant, accumulation addresses are those that meet the following criteria: No…
Ethereum’s Declining Utility Bitcoin supporter Fred Krueger has raised concerns about Ethereum’s (ETH) declining network usage and utility. Despite ETH reaching $3,000, Daily Active Users (DAUs) have dropped from 120,000 in 2021 to 66,000 in the past year. Uniswap V3, Ethereum’s leading decentralized exchange protocol, has also seen a decline in user activity. Regulatory Uncertainty…
Whale Accumulation An Ethereum whale has purchased 64,501 ETH in the past three days, worth roughly $187 million. The whale acquired 13,526 ETH at an average price of $2,947 per ETH, adding to their substantial holdings. The whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH from 1inch. The whale’s wallet holds a total…
Fred Krueger, a crypto investor, believes Ethereum is overvalued at current prices. He refers to Ethereum’s declining on-chain activity, competition from alternatives like Solana and Avalanche, and regulatory uncertainty as reasons for its high valuation. Ethereum’s Challenges Krueger argues that Ethereum’s on-chain transactions are slow and expensive compared to scalable and low-fee alternatives. He also…
