Indictment Details On April 30th, Bitcoin investor Roger Ver was arrested in Spain on charges of tax evasion, mail fraud, and filing false tax returns. The indictment alleges that Ver, who renounced his US citizenship in 2014, failed to report gains from Bitcoin sales and pay taxes on them. Reactions from the Crypto Community Some…
Dogecoin, the popular meme coin, is currently in a “major accumulation zone,” which means it’s a good time to invest. Indicators of a Buy Signal MVRV Ratio: The 30-day MVRV ratio is around -15%, indicating that many holders are at a loss. This usually signals a bottom for the coin. Whale Accumulation: Whales (large investors)…
BlackRock, a massive investment firm with over $10 trillion in assets, has invested $47 million in Securitize, a major player in the tokenization industry. BlackRock’s Tokenization Strategy This investment aligns with BlackRock’s belief in the transformative power of tokenization in capital markets. The company has created its own tokenized fund, BUIDL, which operates on the…
Coinbase, the leading US cryptocurrency exchange, has announced plans to add QCAD, a stablecoin pegged to the Canadian dollar, to its platform. QCAD Relaunched QCAD was relaunched last year by Stablecorp, a digital asset company, with a promise to maintain reserves equal to the amount of QCAD in circulation. It is available on Ethereum, Stellar,…
Crypto analyst Altcoin Sherpa predicts a potential rally for Solana (SOL) after a market correction. He believes SOL could retest $120 before surging to over $500 later this year. Solana’s Potential Rally Sherpa believes SOL’s potential rally is based on the assumption that the altcoin market will continue to bleed. He advises investors to dollar-cost…
A recent surge in large Cardano (ADA) transactions suggests the cryptocurrency could be poised for a price reversal, according to crypto analytics firm Santiment. Whale Activity On Monday, the number of Cardano whale transactions exceeding $100,000 hit its highest level since November. Historically, such spikes have been associated with potential price reversals. Market Performance Despite…
Long-Term Growth Potential Macroeconomist Lyn Alden believes Bitcoin’s rise to prominence will take more than a decade. She emphasizes that technological advancements like Bitcoin often take time to disrupt existing systems. Underestimating Bitcoin’s Impact Alden highlights that people tend to underestimate the long-term impact of Bitcoin on the financial world. She believes it will gradually…
Key Findings Analyst Captain Faibik predicts Bitcoin (BTC) could reach a new all-time high this month. BTC is currently testing the daily Moving Average 100 (MA100) level, which has historically provided support. BTC’s price action on the daily timeframe suggests a bullish rise. The daily Relative Strength Index (RSI) indicates a potential price recovery. BTC…
Bitcoin (BTC) has taken a hit, dropping to $56,556 on Wednesday morning in Europe. This is the lowest point since late February. The downturn is the sharpest monthly decline since November 2022, with BTC falling about 7.5% in the last 24 hours. Reasons for the Dip 1. Anxiety Before FOMC Meeting Investors are anxious about…
Current Market Conditions Bitcoin is currently trading around $60,000, a level that has historically marked a turning point in its market cycle. Analyst Predictions Analyst Checkmate predicts that Bitcoin is entering a “chopsolidation” phase, a period of sideways movement with high volatility. This phase could last for approximately six months, followed by a period of…
