Whale Buyout According to data from Santiment, whales (investors with at least $5 million in crypto) have been rapidly buying up stablecoins. Over the past three weeks, they’ve acquired around 5% of the supply of major stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI). Reasons for Accumulation There are two possible reasons for…
Mandatory Registration for Crypto Providers Argentina’s financial regulator has launched a new registry for crypto service providers. All crypto exchanges and other companies operating in the country must now register with the Comisión Nacional de Valores (CNV). Timing with FATF Visit The CNV timed the launch of the registry with a visit from the Financial…
Ethereum to Reach New Heights Cryptocurrency trader Criptopaul believes Ethereum (ETH) is set to hit new all-time highs within the next 30 days. Historically, Ethereum has outperformed Bitcoin during the month of the Bitcoin halving, when miners’ rewards are cut in half. The next halving is expected to occur around April 19th. Altcoin Rally on…
Venture capitalist Chris Burniske predicts that Solana (SOL) is poised to reach a new all-time high. Burniske, who accurately predicted the crypto market bottom in 2022, believes SOL is nearing its previous peak of $259.96 set in November 2021. Outperforming BNB Burniske also anticipates that Solana will overtake BNB (BNB) as the third-largest crypto asset,…
Analyst Rekt Capital predicts that Bitcoin (BTC) is close to breaking its all-time high. Breakout Process Bitcoin has already completed the first step by closing above $69,000 last week. The final step involves converting the resistance level into support. Key Altcoins Rekt Capital also highlights three altcoins showing bullish signals: Solana (SOL): Forming a bullish…
Cryptocurrency expert Michael Van De Poppe believes Bitcoin (BTC) could hit a new all-time high before the upcoming Halving event. Final All-Time High Before Halving Despite recent market weakness, Poppe predicts BTC will reach a new peak before the Halving, expected later this month. He says Bitcoin is currently consolidating and has identified two key…
Tether’s Bitcoin Hoard Tether, the giant stablecoin company, has recently added 8,888 Bitcoin to its holdings. This brings their total stash to nearly 75,400 BTC, making them one of the biggest Bitcoin whales out there. The Price Puzzle Usually, such a large Bitcoin purchase would send the price skyrocketing. But surprisingly, Bitcoin has actually dropped…
Bitcoin’s price has taken a tumble, falling below $66,000. Here are four reasons why: 1. Liquidation Event A lot of traders who had bet on Bitcoin going up (long positions) were forced to sell when the price dropped. This is called a liquidation event. It’s like a domino effect, where one sale triggers more sales,…
Schiff’s Perspective: Gold Over Bitcoin Peter Schiff, a renowned economist, believes that gold is a better investment than Bitcoin. He argues that: Bitcoin experienced a sharp price drop of over $3,000 in a short time, while gold showed a modest gain. Bitcoin lacks transparency, as platforms like CNBC promote it while ignoring gold’s performance. Bitcoin’s…
Liquidation Surge Cryptocurrency investors holding long positions have faced a massive liquidation of $365 million in the past day, as Bitcoin’s price plummeted below $66,000. Derivative Market Meltdown The cryptocurrency derivative market has witnessed significant liquidations, with over $461 million wiped out in the last 24 hours. Long investors bore the brunt of the pain,…
