Crypto analyst Credible believes Bitcoin (BTC) is on the cusp of a breakout rally that could push it to new all-time highs. Elliott Wave Theory Analysis Credible uses Elliott Wave theory, which suggests that bullish assets often experience five-wave rallies. He believes Bitcoin has just completed the first wave, which saw it rise from $60,000…
Whale Appetite Returns Bitcoin whales, individuals or organizations with massive Bitcoin holdings, have been buying up BTC in recent days. This surge in buying activity suggests that whales believe current prices are attractive. Indicators of Whale Activity Two key indicators track whale activity: Total whale holdings: The total amount of BTC held by whale addresses….
Former President Donald Trump made a surprise appearance at the Libertarian Party convention, where he called for the release of Ross Ulbricht, the founder of the Silk Road online marketplace. Trump’s Pro-Cryptocurrency Stance Trump emphasized his support for cryptocurrency companies and the potential for the US to lead in the field. He promised to appoint…
Distinguishing Bitcoin from Other Cryptocurrencies Samson Mow, a prominent Bitcoin advocate, warns that politicians’ recent embrace of cryptocurrencies could be problematic if they fail to differentiate between Bitcoin and other digital assets. Bitcoin, with its decentralized and censorship-resistant nature, stands apart from many other crypto projects. Need for Bitcoin-Specific Regulations Mow emphasizes the need for…
The SEC recently approved Ethereum spot ETFs, which has sparked discussions about the value and appeal of Ether, especially among older investors. Ethereum’s Selling Point: What Is It? Eric Balchunas, an ETF analyst, questioned if Ethereum has a simple selling point like “Bitcoin is digital gold.” Notable Responses Colin Wu: Ethereum is the “Web 3.0…
Trump’s Support for Crypto Former President Donald Trump has pledged to support cryptocurrency companies if re-elected. He believes the US should lead the global crypto industry and is open to the potential of digital assets. Biden’s Shifting Stance In contrast, President Joe Biden’s administration has taken a more cautious approach to crypto regulation. However, recent…
Limited Utility and Other Factors A Bloomberg ETF analyst, James Seyffart, predicts that Ethereum spot ETFs will attract less demand than Bitcoin spot ETFs. He cites several reasons for this: Market Cap Difference: Ethereum’s market cap is significantly lower than Bitcoin’s, which limits the potential for investment. ETF vs. Cryptocurrency Gap: The difference between Ethereum…
The native token of Open Campus, a decentralized education platform, has seen a surge of over 117% this week. The announcement that web3 firm Animoca Brands plans to purchase EDU tokens has contributed to the price increase. EDU Token Price EDU is currently trading at $1.10, a significant jump from its seven-day low of $0.505….
Affected Customers and Employees Santander, a major global bank, has announced a data breach that has compromised customer and employee information. The bank has confirmed that customers in Chile, Spain, and Uruguay, as well as current and former employees worldwide, have been affected. Data Exposed The bank has not disclosed the specific data that was…
Crypto analyst Ali Martinez has observed a significant increase in Ethereum (ETH) deposits on crypto exchanges over the past two weeks. This surge suggests increased trading activity, which could lead to price volatility. Sell Signal on Daily Chart According to Martinez, the Tom DeMark (TD) Sequential Indicator is flashing a sell signal on Ethereum’s daily…
