Crypto analyst Rekt Capital believes Bitcoin (BTC) is currently undervalued, based on a key indicator. Pi Cycle Top Indicator The Pi Cycle top indicator uses two moving averages to assess Bitcoin’s price. When the price falls below the 111-day moving average (DMA), it has historically signaled a buying opportunity for investors. Current Market Conditions As…
Ethereum founder Vitalik Buterin has raised concerns about the current regulatory landscape in the cryptocurrency industry, describing it as “anarcho-tyranny.” Unfair Targeting of Transparent Founders Buterin argues that regulators unfairly target founders who provide clear explanations of their business models. These founders are often accused of issuing unregistered “securities.” Incentives for Vague Projects In contrast,…
Despite fears that the upcoming Mt. Gox repayments could trigger a Bitcoin price collapse, experts believe the impact may be minimal. Repayments and Market Concerns Starting in July, Mt. Gox, a defunct crypto exchange, will distribute 142,000 BTC (approximately $9 billion) to creditors. This news sent shockwaves through the market, leading to over $313 million…
Investors Place $500 Million Bids Below Current Price Bitcoin is off to a strong start this week, suggesting the recent correction may be over. On-chain data, price history, and strategic transactions all point to a positive July for the cryptocurrency. Despite short-term volatility, many investors remain optimistic about Bitcoin’s long-term prospects. One notable trend is…
Bitcoin (BTC) is approaching a crucial resistance level of $64,515, setting the stage for a potential price surge. Upward Trend and Resistance Level BTC has been on a steady upward trend, gaining investor confidence. Breaking through the $64,515 resistance could trigger a major rally, potentially pushing BTC to new highs. Technical Indicators 4-hour chart: Bullish…
Trading Activity Takes a Nap Bitcoin, known for its 24/7 accessibility, has seen a dramatic decline in weekend trading volumes. According to Kaiko, these volumes have dropped from 28% in 2019 to a mere 16% in 2024. Institutional Influence This decline coincides with the launch of spot Bitcoin ETFs in the US, which can only…
Over the weekend, Bitcoin (BTC) soared above $63,000, marking a 5.6% jump from its Friday low of $60,000. This unexpected rally sparked speculation about the underlying causes. Here are three key factors that may have contributed: Mysterious Whale Activity A mysterious “whale” has been making significant purchases in the Binance futures market, according to DeFi^2,…
Influx of Stakers Over the past month, Ethereum staking has witnessed a remarkable surge, with nearly 60,000 unique depositors joining the network. This growth aligns with the positive sentiment surrounding Ethereum as it approaches July. Impact of Spot Ethereum ETFs The surge in staking participation coincides with increased approval odds for Spot Ethereum ETFs by…
Shiba Inu’s team member, Lucie, has highlighted the core strengths that make SHIB a formidable player in the crypto world: Community and Ecosystem Shiba Inu’s vibrant community and diverse ecosystem provide a solid foundation for its growth. Strategic Partnerships Lucie emphasizes the team’s relentless pursuit of strategic partnerships to expand SHIB’s reach and enhance its…
Cash-to-Crypto Convenience Bitcoin ATMs are on the rise, making cryptocurrency more accessible than ever. From just 10,000 in 2020, there are now over 38,000 ATMs worldwide. These machines allow users to buy crypto with cash, removing the need for bank accounts or online exchanges. This is especially beneficial for those who are unbanked or prefer…
