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Fundstrat’s CEO, Tom Lee, recently shared his predictions for Bitcoin’s future on CNBC. He believes Bitcoin could see a price drop before a significant rebound. Bitcoin’s Potential Dip Lee thinks Bitcoin, currently down about 15% from its peak, might fall further. He mentioned $70,000 as a possible support level, but suggested a drop to the…
Bitcoin exchange-traded funds (ETFs) are having a moment. After a slow start to the year, interest has exploded. A Big Jump in Bitcoin ETF Inflows Data from Glassnode shows a huge surge in Bitcoin ETF inflows. The week ending January 6th saw a massive 17,567 BTC (about $1.7 billion) flowing into these funds. That’s more…
Bitcoin (BTC) started the week poorly, hitting its lowest point in over a month. Many analysts think it might drop further before climbing again. A Rocky Start to the Week Bitcoin fell 5.8% on Monday, reaching $90,300 – its lowest since November 18th. This was a big drop after a positive end to last week,…
Cardano (ADA) is looking shaky, and one analyst predicts a potential price drop. A Bloody 15% Drop? A recent analysis on the 4-hour chart shows Cardano breaking below key support levels (Exponential Moving Averages or EMAs). Four consecutive down days have triggered a bearish outlook. The analyst, from SwallowAcademy on TradingView, warns of a possible…
A recent memo suggests a massive shift is coming in the corporate world: many companies are about to start buying Bitcoin. The Bitcoin Corporate Buying Spree Matt Hougan, Chief Investment Officer at Bitwise, predicts that hundreds of companies will add Bitcoin to their treasuries within the next 12-18 months. He believes this will significantly boost…
A new US administration is taking shape, and with it, a potential shift in how the government views cryptocurrency. This has some politicians worried. A Pro-Crypto Treasury Secretary? Donald Trump’s incoming Treasury Secretary, Scott Bessent, is a known figure in the finance world. Trump himself has touted Bessent’s appointment, suggesting he’ll help solidify the US’s…
Ethereum is a major cryptocurrency, known for its decentralized finance (DeFi) applications, especially smart contracts. These automated contracts eliminate the need for central authorities, potentially sidelining banks. A Recent Dip and Investor Concerns Despite its promising future, Ether (ETH) recently experienced a 10% drop, sparking fears of further declines. While many investors anticipated a surge…
A popular crypto analyst, Credible Crypto, predicts a massive price surge for Ethereum (ETH) later this year. However, they caution that a dip is likely first. Ethereum’s Predicted Price Action Credible Crypto, who boasts a large following on X (formerly Twitter), believes Ethereum is primed for a significant rally. Their ideal entry point for long-term…
Banks Get the Green Light for Crypto Custody? Incoming President Trump is reportedly planning an executive order that will let banks hold Bitcoin and other cryptocurrencies for their customers. This would overturn a current rule that makes things difficult for banks dealing with digital assets. Reversing the Rules The order aims to scrap a guideline…
MicroStrategy, the software firm led by Michael Saylor, has added another 2,530 Bitcoin to its massive holdings. This latest purchase, costing roughly $243 million, brings their total Bitcoin stash to a whopping 450,000 BTC. A $28 Billion Bitcoin Bet At current prices, MicroStrategy’s Bitcoin holdings are valued at approximately $28.2 billion. Saylor announced the purchase…
