Bitcoin has been on a tear lately, breaking above a bearish trendline and showing strong signs of bullish momentum. This has traders and investors excited, wondering if Bitcoin can keep up the pace and reach the $60,152 mark. Bitcoin’s Price Action: A Technical Look Let’s take a look at the charts to see what’s happening:…
A well-known crypto economist, Timothy Peterson, thinks Bitcoin is about to reach a new all-time high in the next 8 months. He’s pretty confident about it, saying there’s a 90% chance it’ll happen before March 2025. Why is Peterson so bullish? Peterson’s prediction is based on his research, which looks at Bitcoin’s historical price trends….
Floki, the popular meme coin and Shiba Inu competitor, is making waves in the world of philanthropy. They’re not just focused on crypto, they’re also committed to building a better future for kids around the world. A School in India Floki recently announced their latest project: building a school in India! They’re excited about the…
The SEC has dropped its investigation into Paxos, the company behind the popular Binance USD (BUSD) stablecoin. This is a big win for the stablecoin industry and could have a major impact on how these digital assets are regulated in the US. A Year of Uncertainty Ends The SEC had been investigating Paxos for over…
Do Kwon, the founder of Terraform Labs, is currently facing extradition to either the US or South Korea, but his wife, Ms. Lee, just scored a major legal victory in South Korea. Court Rules in Favor of Ms. Lee A South Korean court ruled that certain real estate and officetel subscription rights, previously seized under…
The crypto market is holding its breath as we await the release of the US Consumer Price Index (CPI) data for June. This data is a big deal because it can influence the Federal Reserve’s decisions, which in turn can affect the entire financial world, including crypto. Market Jitters Before the Big Reveal The crypto…
A popular crypto trader is predicting a huge jump for Celestia, a blockchain network. They believe the price could climb to $24, a massive 231% increase from its current value. Celestia’s Potential The trader, known as Criptopaul, believes Celestia is a leader in the new world of modular blockchains. They think these new blockchains are…
A new poll suggests that Donald Trump’s pro-crypto stance could be a major factor in his potential 2024 presidential bid. Republicans Are Embracing Crypto The poll, conducted by investment firm Paradigm, shows that Republican voters are increasingly interested in financial freedom and supporting candidates who embrace cryptocurrency. The poll found that a whopping 87% of…
Venture capitalists are pouring money into the crypto world! In the second quarter of 2024, they invested almost $3.2 billion, according to Galaxy Digital. This is a big jump from the first quarter, where they invested $2.5 billion. While the number of deals slightly decreased, the amount of money invested in each deal increased significantly….
A popular crypto analyst is raising a red flag about Bitcoin’s price, suggesting that a classic indicator could determine its next move. RSI: A Cause for Concern? Benjamin Cowen, a crypto strategist with over 800,000 YouTube subscribers, is looking at Bitcoin’s Relative Strength Index (RSI). The RSI is a tool used to figure out if…
