Bitcoin’s Price Has Reached Its Top Crypto expert Peter Brandt believes that Bitcoin’s price has already reached its peak for this market cycle. He bases this on his “exponential decay” theory, which suggests that Bitcoin’s percentage gains have been decreasing in each bull cycle. Exponential Decay Explained Exponential decay means that Bitcoin’s price increases less…
Franklin Templeton’s ETF Appears on DTCC List Franklin Templeton’s proposed Ethereum Spot ETF has popped up on the Depository Trust and Clearing Corporation (DTCC) website. This could hint at a potential approval by the Securities and Exchange Commission (SEC). SEC’s Stance on Ethereum ETFs The SEC has been considering Ethereum Spot ETFs since the approval…
Date Announced The Shiba Inu team has announced that the Shibarium network hard fork will take place on Thursday, May 2. What is a Hard Fork? A hard fork is a major update to a blockchain network that creates a new version with improved features. Why the Hard Fork? The Shiba Inu team is committed…
Price Action on the 4-Hour Chart ADA has plummeted over 30% from its peak of $0.8107. It’s currently trading around $0.4604, down 0.65% in the past 24 hours. The price has failed to cross above the trendline, pushing it further down. It’s also trading below the 100-day moving average, indicating a sustained decline. The RSI…
User Privacy in Bitcoin Samson Mow, CEO of Jan3, recently discussed the importance of user privacy in Bitcoin. He highlighted Satoshi Nakamoto’s original vision for a system that doesn’t rely on trusted third parties like banks. Bitcoin uses anonymous private keys to protect user identities while keeping transactions publicly recorded on the blockchain. Balancing Transparency…
JPMorgan Chase and Bank of America The two largest banks in the US, JPMorgan Chase and Bank of America, have reported significant losses due to unpaid debt. JPMorgan Chase Net charge-offs (unrecoverable debt) reached $2 billion in the first quarter of 2023. This is double the amount of unpaid debt compared to the same period…
A prominent crypto analyst, Benjamin Cowen, warns that altcoins are about to experience a sharp decline against Bitcoin (BTC). Altcoins Losing Ground Cowen’s analysis of the TOTAL3 chart, which tracks the market capitalization of all altcoins excluding Ethereum (ETH) and stablecoins, shows a bearish trend against Bitcoin. This suggests that altcoins may face a significant…
A crypto analyst, Altcoin Sherpa, predicts a significant rally for Solana (SOL) later this year. He believes SOL could reach $500 or more, a potential increase of 267% from its current price. Key Fibonacci Levels for SOL Altcoin Sherpa identifies key Fibonacci levels at $138 and $116 as potential areas for a retest. At the…
Cryptocurrency analyst Bluntz has identified NEAR Protocol (NEAR) as a standout performer in the current market. NEAR’s Market Dominance Bluntz believes NEAR has outperformed its competitors and is poised to make significant gains. He notes that the altcoin has continued to reach new highs while others have stalled. Target Price and Elliott Wave Analysis Based…
AI Predicts a Surge Cryptocurrency enthusiasts are buzzing about a deep learning model’s prediction that Bitcoin (BTC) will skyrocket to $77,000 within the next month. However, experts caution investors to be skeptical. Bitcoin’s Current State Bitcoin has been stuck around $64,000 for the past week, leaving investors uncertain about its next move. AI’s Optimistic Outlook…
