Finance Expert’s Prediction Renowned author Robert Kiyosaki has predicted that Bitcoin will reach $100,000 by June 2024. While he didn’t specify the reason for this surge, Kiyosaki has consistently been a Bitcoin advocate. Previous Predictions Kiyosaki has previously predicted Bitcoin reaching $150,000, citing the approval of Spot Bitcoin ETFs as a catalyst. He has also…
Historical Pattern Points to Price Increase Cryptocurrency analyst Crypto Jelle believes Bitcoin’s current price action suggests a “Bullish Megaphone” pattern. This pattern historically indicates a price increase, and Jelle predicts Bitcoin could reach $60,000. Optimal Investment Zone Jelle also notes that Bitcoin is currently in a zone where it typically experiences significant gains. He advises…
Rising Open Interest Bitcoin’s open interest has been soaring as the price has climbed steadily. This surge reflects the growing interest in crypto since the SEC approved Spot Bitcoin ETFs. The open interest has now reached its highest level since November 2021, when Bitcoin hit its all-time high of $69,000. Historical Levels Data shows that…
Japan is opening its doors to cryptocurrencies by allowing investment funds to hold digital assets directly. Kishida’s Support Prime Minister Fumio Kishida’s government has approved a bill that will amend the Industrial Competitiveness Enhancement Act. This amendment will allow venture capital firms and investment limited partnerships to include crypto assets in their portfolios. Growing Recognition…
Market Sentiment: Not Always Reliable Crypto analyst Michaël van de Poppe warns that market sentiment can be misleading. He cites examples where sentiment predicted a new all-time high for Bitcoin, but it didn’t happen. Conversely, when sentiment was negative and the price dropped to $39,000, it eventually recovered. Current Market Trends The current surge in…
Worldcoin (WLD) has been making waves lately, with its value skyrocketing over 200% in a week. This AI-powered altcoin is riding the wave of excitement surrounding artificial intelligence (AI). Here are three other altcoins that could follow in WLD’s footsteps: Arkham (ARKM) The native cryptocurrency of the Arkham platform. Shown strong promise during the recent…
Major Crypto Breach Hackers targeted FixedFloat, a decentralized finance (DeFi) crypto exchange, and stole over $26 million worth of Bitcoin (BTC) and Ethereum (ETH). Stolen Funds 1700 ETH transferred to an Ethereum address $21 million worth of BTC stolen Investigation The stolen ETH was sent to an exchange that uses mixing techniques to hide the…
Ethereum’s Rise Ethereum has surged past $2,900, marking its highest point since May 2022. This jump comes as Bitcoin has been moving sideways, highlighting Ethereum’s independent path. Profitable Week for Investors Over the past week, Ethereum investors have enjoyed profits of over 16%, outperforming Bitcoin’s 8% gains. Futures Market Overheating However, there are concerns about…
Whales Buy, Smaller Holders Sell Bitcoin’s largest holders are aggressively buying up the cryptocurrency, while smaller whales are selling. Wallets holding between 1,000 and 10,000 BTC have added $12.95 billion worth of Bitcoin in 2024, while wallets holding 100 to 1,000 BTC have sold $7.89 billion. Large Transactions Surge The number of large Bitcoin transactions…
Altcoin Market Remains Strong Crypto analyst Jason Pizzino believes a significant altcoin correction is unlikely. He points to the monthly chart of TOTAL3, which tracks the total market cap of crypto assets excluding Bitcoin, Ethereum, and stablecoins. Pizzino notes that TOTAL3 is consolidating and preparing for a breakout, suggesting that a severe correction is not…
