Bitcoin’s Price Could Benefit from Middle East Conflict Arthur Hayes, the founder of BitMEX, believes that the ongoing conflict in the Middle East could actually be good news for Bitcoin. He thinks the war could lead to a surge in Bitcoin’s price. Iran’s Mining Impact Hayes points out that Iranian Bitcoin miners contribute about 7%…
Bitcoin is getting closer to $70,000, and everyone’s talking about it hitting $100,000. But is it really possible? Crypto analyst Axel Bitblaze thinks so, and he’s got some interesting reasons why. Liquidity: The Key to Bitcoin’s Rise Bitblaze says that liquidity is the most important thing in the crypto market. He points to past bull…
Bitcoin is on fire! An analyst, who goes by the name “CryptoCon,” has predicted that Bitcoin could hit a whopping $109,000 by the end of the year. This isn’t just a random guess – CryptoCon has a pretty solid track record. History Repeats Itself? CryptoCon points to some interesting patterns in Bitcoin’s price history. He…
A man from Alabama has been arrested for his role in a scheme that tricked people into thinking the SEC had approved Bitcoin ETFs. The FBI has arrested Eric Council Jr. for his involvement in the January 2024 hack of the SEC’s Twitter account. Council and his accomplices posted a fake tweet claiming the SEC…
Over the past few months, Bitcoin has been flowing out of exchange wallets. This could be a good sign for the cryptocurrency’s price. Bitcoin Exodus: A Look at the Numbers Analysts are noticing a significant decline in the “Exchange Reserve” – the total amount of Bitcoin held by centralized exchanges. This decline suggests that investors…
Italy is thinking about making it more expensive to sell your Bitcoin and other cryptocurrencies. Higher Taxes for Crypto Profits The Italian government is considering raising the capital gains tax on crypto from 26% to 42%. This means if you sell your Bitcoin for a profit, you’d have to pay a bigger chunk of that…
The mastermind behind the massive Bitfinex cryptocurrency heist could be spending the next five years behind bars. Prosecutors are pushing for a hefty sentence for Ilya Lichtenstein, who admitted to his role in the theft of billions of dollars worth of Bitcoin. The Heist Back in 2016, the Bitfinex exchange was hit with a major…
Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, is making a bold prediction: Ethereum is the best “contrarian bet” in the crypto market right now. Why Ethereum? While Bitcoin is the OG cryptocurrency and newer blockchains are grabbing headlines with their speed and innovation, Ethereum is often overlooked. It’s considered the “middle…
Ethereum is quietly gaining momentum, even though it hasn’t been keeping up with Bitcoin’s recent price surge. Big Whales Are Accumulating Ethereum Data shows that big Ethereum holders, known as whales, have been steadily buying up Ethereum over the past month. These whales, who own more than 0.1% of all Ethereum, have been consistently adding…
Ethereum’s Recent Surge Ethereum has been on a roll lately, climbing back above the $2,500 mark after a recent dip. It’s gained over 8% in the past week, moving from the $2,300-$2,400 range to around $2,600. Breaking the $2,700 Barrier The next big hurdle for Ethereum is the $2,700 level. It hasn’t managed to break…
