Regulatory Milestone Hong Kong’s Securities and Futures Commission (SFC) has given the go-ahead to 11 crypto exchanges to keep operating in the city. This is the first step towards issuing licenses for virtual asset trading platforms (VATP). Hong Kong wants to become a major crypto hub, like Singapore and Dubai. Approved Exchanges Among the approved…
Supply Squeeze Imminent Recent data reveals that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has reached new lows. This suggests that major crypto whales are accumulating these tokens and storing them in their own wallets. Whales Accumulating Analyst Leon Waidmann believes this development signals an impending supply squeeze. As investors continue to…
Legendary trader Peter Brandt has identified a striking similarity between Bitcoin’s current chart and the one that preceded a major stock market rally in the 1980s. Bitcoin vs. Money Supply Brandt is comparing Bitcoin’s value to the total amount of money circulating in the US economy (M1). He believes this ratio suggests that Bitcoin is…
According to a recent study by Triple-A, the number of people worldwide who own cryptocurrency has skyrocketed to 562 million, representing a 34% increase from 420 million in 2023. Key Findings Ownership Rate: Approximately 6.8% of the global population now holds crypto assets. Top Countries: The United Arab Emirates leads the pack with a 25.3%…
Quant analyst PlanB predicts a surge in Bitcoin’s price after the recent halving. Stock-to-Flow Model PlanB’s stock-to-flow (S2F) model, which measures scarcity, has historically signaled strong rallies after halvings. The model has now turned green, indicating a bullish period. Realized Price Support PlanB also analyzes the realized price, which tracks the value of all Bitcoin…
Tight Trading Range Signals Breakout Crypto analyst TechDev believes Bitcoin is poised for a significant price explosion. The analyst points to Bitcoin’s tight trading range on the five-day chart, which has reached its narrowest level in eight years. This compression suggests that buyers are nearing sellers’ desired price, leading to a potential breakout. Bollinger Bands…
Bullish Pattern Emerges Crypto analyst Tara has spotted a positive pattern on Bitcoin’s chart, suggesting a significant price surge. She predicts a potential rally to $75,800, a new all-time high. Breakout and Retest Bitcoin recently broke through resistance on the Relative Strength Index (RSI) and retested the breakout level at $67,800. This indicates a possible…
Crypto analyst TechDev believes Bitcoin is on the verge of its most significant breakout yet. Historical Patterns and Technical Indicators TechDev’s analysis shows that Bitcoin has historically experienced parabolic price increases, known as “blowoff tops,” followed by corrections. However, the 2021 peak deviated from this pattern, suggesting a potential change in market behavior. Breakout from…
Bullish Technical Indicators Chiliz (CHZ) is gaining momentum in the crypto market, driven by positive technical indicators. It’s approaching a crucial resistance level of $0.16, and a breakout could trigger significant buying activity. Trading Volume and Expert Analysis Increased trading volume during price increases indicates strong demand for CHZ. Cryptocurrency expert Alex Clay has identified…
Burn Rate Plummets Shiba Inu’s burn rate has crashed by 97% to start the week, with only two transactions burning a measly 128,791 SHIB tokens. This is a far cry from the 4.5 million SHIB burned the day before. Declining Trend The burn rate has been steadily dropping over the past week, with a 40%…
