Bitcoin’s price is stuck in a tight range, and experts are predicting a potential drop. One analyst, Hamed_AZ on TradingView, thinks a fall to around $85,000 is the most likely scenario. The Bearish Case: Down to $85,000 Hamed_AZ sees Bitcoin continuing its sideways movement, unable to break out of its current consolidation zone. He points…
MicroStrategy, the business intelligence company, just bought another 20,356 Bitcoin (BTC)! A Massive Bitcoin Purchase This latest purchase brings their total BTC holdings to a whopping 499,096 Bitcoin. They paid about $1.99 billion for this batch, averaging $97,514 per Bitcoin. This purchase happened between February 18th and 23rd, according to an SEC filing. Currently, their…
Last week saw a massive $508 million exodus from crypto investment funds, according to CoinShares. This follows another $924 million outflow the week before, a stark contrast to the previous 18 weeks which saw a whopping $29 billion inflow. CoinShares points to general economic uncertainty as the likely culprit. Altcoins Shine While Bitcoin Bleeds While…
Dogecoin’s network activity has taken a significant dive recently, and that could mean trouble for its price. Let’s break down what’s happening. Dogecoin Activity Plummets Analyst Ali Martinez noticed a sharp drop in several key Dogecoin metrics, all pointing to lower network activity. These metrics haven’t been this low in months! Here’s what they track:…
A recent online discussion explored whether countries might try to create their own Bitcoin-like systems. The conversation centered around the idea of Reusable Proof-of-Work (RPoW) networks and whether a single dominant network would emerge. The Case for a Single Dominant Network One expert, a US Space Force Major and author, argued that a single, dominant…
Crypto analyst Jason Pizzino is predicting a big jump for Bitcoin (BTC). He believes the price could reach $136,000 by the beginning of next year. A Bullish Outlook Pizzino, who boasts a large YouTube following, bases his prediction on the current market cycle. He’s confident that Bitcoin is in a “right-translated cycle,” meaning the peak…
Mike Novogratz, CEO of Galaxy Digital, is urging world leaders to crack down on the Lazarus Group, the North Korean hacking outfit behind a massive cryptocurrency heist. He’s also rejecting calls for an Ethereum hard fork. A Billion-Dollar Crypto Heist The Lazarus Group recently stole roughly $1.4 billion worth of Ethereum (ETH) from the Bybit…
A popular cryptocurrency analyst believes Bitcoin (BTC) is still on an upward trend, despite recent bearish predictions. Holding Strong Above $90,000 The analyst, known as Cheds, points out that Bitcoin’s price staying above its support level of $90,000 is a very positive sign. He argues that as long as Bitcoin holds this level, the overall…
A recent report by Joe Consorti, Head of Growth at Theya, debunks claims that Bitcoin’s price is artificially suppressed. Consorti’s analysis focuses on on-chain data, revealing a more natural explanation for Bitcoin’s current price behavior. The “Boring” Consolidation Period The idea that Bitcoin’s relatively stable price is the result of manipulation is a common argument….
Bitcoin’s price has been dropping lately, and that’s making people nervous. This dip is affecting more than just the price; it’s impacting how many new people are using Bitcoin. Fewer New Bitcoin Addresses Experts are noticing a significant drop in the number of new Bitcoin addresses being created. This is a big deal because it…
