A renowned crypto analyst, Altcoin Sherpa, believes Ethereum (ETH) is poised for a significant rally against Bitcoin (BTC). ETH/BTC Outlook According to Sherpa, the ETH/BTC pair is “holding up well” and presents opportunities for long positions. He anticipates the approval of spot Ethereum ETFs by the SEC, which could further fuel the rally. Sherpa predicts…
Bullish Outlook A prominent crypto strategist predicts Bitcoin (BTC) could soar to $100,000 if it can reclaim a key resistance level. DonAlt, a pseudonymous analyst, believes that a close above $63,861 would invalidate the recent sell-off. He predicts a subsequent rally that could surpass Bitcoin’s previous all-time high and push it towards $80,000, $90,000, and…
Wallet Activity A Bitcoin wallet that’s been asleep for 12 years has woken up and transferred over $6.8 million worth of BTC. The funds were sent in two transactions to an unknown address. Whale Sell-Off Concerns This activity has raised concerns that the “whale” behind the wallet may be looking to sell their holdings. This…
Mt. Gox’s Bitcoin Repayments Mt. Gox, a bankrupt crypto exchange, is distributing 142,000 BTC to its creditors. This has raised concerns as creditors may sell their BTC, potentially flooding the market and driving down prices. German Government’s Bitcoin Sales The German government has started selling its Bitcoin holdings. This move has made investors nervous as…
Pivot to Stablecoins Russia is looking at stablecoins as a way to fight sanctions. Stablecoins are cryptocurrencies tied to a stable asset like the US dollar or gold. This makes them less volatile than other cryptocurrencies. Sanctions Impact Russia’s exclusion from the SWIFT messaging system has made it hard to do business internationally. This has…
Jamie Coutts, a crypto expert, recently ranked layer 1 networks based on their growth. Here are the surprising results: Top Performers Sui: 3503% increase in Daily Active Users (DAUs) Mantle Network: 518% increase in DAUs Other Top Networks Celo: 414% growth Arbitrum: 157% growth Blast: 107% growth The Open Network (TON): 97% growth Base: 78.6%…
Bitcoin and Bitcoin Cash Repayments Mt. Gox, the defunct crypto exchange, has finally started repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). This comes almost a decade after the platform collapsed and went bankrupt. Repayment Process The repayment process involves designated exchanges like Bitbank, Kraken, and Bitstamp. These exchanges will make the funds…
Stablecoins: A New Frontier Russia is exploring the use of stablecoins for international payments to bypass sanctions and economic difficulties. Stablecoins are cryptocurrencies pegged to the value of assets like fiat currencies or gold, offering a combination of digital asset efficiency and financial stability. Russia’s Move to Stablecoins The Russian government sees stablecoins as a…
Critical Moment for Ethereum Ethereum (ETH) has taken a hit lately, dropping 9% to around $3,130. Analysts are watching closely to see if it can hold steady or if it’s headed for a bigger drop. Hold or Drop? Analyst Inspo Crypto says the next few hours are crucial. If ETH can’t bounce back above $3,170,…
Bitcoin (BTC) Analyst Jason Pizzino believes Bitcoin could break through key resistance levels soon based on the Average True Range (ATR) indicator. Historical data shows that Bitcoin tends to make significant moves when the ATR reaches a low point and price continues to consolidate. Pizzino’s key price targets for Bitcoin include: $63,300 on the daily…
