Hong Kong wants to be a big player in the crypto world, but things aren’t going smoothly. While the city is trying to create a friendly environment for crypto businesses, getting a license from the Securities and Futures Commission (SFC) is proving to be a real challenge. Strict Scrutiny and Slow Licenses The SFC is…
A Crypto Analyst’s Prediction Crypto analyst Quinten François believes a Bitcoin bull run is just a couple of months away. He’s basing his prediction on a few key factors: The Bitcoin Halving Cycle François points out that Bitcoin’s average cycle typically starts 170 days after the halving event. Since the last halving was 121 days…
Bitcoin miners have been quietly selling off their coins, and that could be bad news for the price of Bitcoin. Miners Sending Bitcoin to OTC Desks Over the past few months, Bitcoin miners have been sending a lot of their coins to over-the-counter (OTC) desks. These desks are like secret trading platforms where big players…
Ethereum has been struggling lately, just like most other cryptocurrencies. Prices have been dropping since early August, even though there were some brief rallies. Holding the Line The good news is that buyers have been able to keep Ethereum above $2,500, despite the selling pressure. One analyst believes this is crucial for the price to…
New Bitcoin investors are experiencing a “pain cycle” as they’re currently holding unrealized losses, according to crypto analytics firm Glassnode. New Investors Feeling the Heat Glassnode defines short-term holders (STHs) as those who’ve held Bitcoin for less than 155 days. They’ve noticed that these new investors have taken the brunt of the recent market downturn….
Bitcoin is hanging around 20% below its all-time high, and one analyst is sounding the alarm bells. Nicholas Merten, a popular YouTube commentator, says Bitcoin’s recent price action is giving him some serious cause for concern. Bitcoin’s Struggle for a Breakout Merten points out that Bitcoin has been stuck in a rut for over a…
A popular crypto trader thinks altcoins are about to have another big surge, similar to the one we saw between November 2023 and March 2024. When’s the next altcoin party? This trader, known as Sherpa, thinks it could happen around December or January. He expects Bitcoin to hit a new high first, then cool off…
A popular crypto analyst, known as Rekt Capital, believes Bitcoin (BTC) is on the verge of a major price surge. He says Bitcoin could enter a “parabolic phase” – a period of rapid price increases – based on historical patterns. What’s the Hype? Rekt Capital points to the “halving” event, which happened in early 2024….
Crypto companies are throwing a ton of cash into the 2024 US elections. They’ve already spent a whopping $119 million, almost half of all corporate contributions! Crypto Companies Leading the Charge Companies like Coinbase and Ripple are leading the way, pouring money into super PACs that support pro-crypto politicians and try to silence critics. This…
A Shift in Stance? Word on the street is that Vice President Kamala Harris is thinking about supporting the growth of the crypto industry. This is a big deal because the Biden administration hasn’t been super friendly to crypto. They’ve been cracking down on companies and throwing lawsuits around. One of Harris’s advisors said she…
