Analyst Rekt Capital predicts that Bitcoin (BTC) is close to breaking its all-time high. Breakout Process Bitcoin has already completed the first step by closing above $69,000 last week. The final step involves converting the resistance level into support. Key Altcoins Rekt Capital also highlights three altcoins showing bullish signals: Solana (SOL): Forming a bullish…
Cryptocurrency expert Michael Van De Poppe believes Bitcoin (BTC) could hit a new all-time high before the upcoming Halving event. Final All-Time High Before Halving Despite recent market weakness, Poppe predicts BTC will reach a new peak before the Halving, expected later this month. He says Bitcoin is currently consolidating and has identified two key…
Tether’s Bitcoin Hoard Tether, the giant stablecoin company, has recently added 8,888 Bitcoin to its holdings. This brings their total stash to nearly 75,400 BTC, making them one of the biggest Bitcoin whales out there. The Price Puzzle Usually, such a large Bitcoin purchase would send the price skyrocketing. But surprisingly, Bitcoin has actually dropped…
Bitcoin’s price has taken a tumble, falling below $66,000. Here are four reasons why: 1. Liquidation Event A lot of traders who had bet on Bitcoin going up (long positions) were forced to sell when the price dropped. This is called a liquidation event. It’s like a domino effect, where one sale triggers more sales,…
Schiff’s Perspective: Gold Over Bitcoin Peter Schiff, a renowned economist, believes that gold is a better investment than Bitcoin. He argues that: Bitcoin experienced a sharp price drop of over $3,000 in a short time, while gold showed a modest gain. Bitcoin lacks transparency, as platforms like CNBC promote it while ignoring gold’s performance. Bitcoin’s…
Liquidation Surge Cryptocurrency investors holding long positions have faced a massive liquidation of $365 million in the past day, as Bitcoin’s price plummeted below $66,000. Derivative Market Meltdown The cryptocurrency derivative market has witnessed significant liquidations, with over $461 million wiped out in the last 24 hours. Long investors bore the brunt of the pain,…
License Acquisition Crypto derivatives giant Deribit has secured a conditional license from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Deribit to offer both spot and derivatives trading in the region. Strategic Move The license acquisition coincides with Deribit’s decision to relocate its headquarters to Dubai. This move aims to capitalize on the growing…
Market-Wide Decline Dogecoin’s price has taken a hit today, losing double digits after a week of gains. This downturn is part of a broader market decline triggered by the release of manufacturing data in the US. The data showed that while manufacturing activity increased, there was no increase in employment or prices rose, leading to…
Crypto analyst Altcoin Sherpa predicts significant rallies for three memecoins: Dogecoin (DOGE), BOOK OF MEME (BOME), and dogwifhat (WIF). Dogecoin (DOGE) Sherpa anticipates a surge of over 50% for DOGE, targeting a price of $0.33. He believes the coin has broken above its resistance at $0.195. BOOK OF MEME (BOME) BOME is expected to reach…
Sam Bankman-Fried (SBF), the disgraced founder of the collapsed FTX crypto exchange, has spoken out from prison, expressing remorse for his actions and advocating for full compensation for his victims. Victims Deserve Full Payment In his first week of a 25-year prison sentence, SBF stated that victims “deserve to be paid in full, at current…
