Bullish Sentiment Fuels Predictions Crypto expert Michaël van de Poppe believes Bitcoin could reach $500,000 in the long term. He cites the “overly bullish sentiment” as a major factor supporting this prediction. Corrections Along the Way Van de Poppe acknowledges that “corrections will happen and they will be rough” on the road to $500,000. However,…
Despite the recent dip in Bitcoin’s price, Ki Young Ju, CEO of Crypto Quant, believes the bull market is far from over. Bullish Indicators Ju points to the percentage of Bitcoin’s Realized Cap across different age bands, which shows a positive outlook for 2024. He also credits the success of Spot Bitcoin ETFs as the…
Former FTX Execs Invest in Bankruptcy Claims Former FTX customers, who lost funds in the exchange’s collapse, have found a way to potentially make a profit. Led by Louis d’Origny and Ramnik Arora, they have created a platform called FTX Creditor to buy bankruptcy claims from other customers. Lucrative Investment Opportunity D’Origny recognized the opportunity…
Alleged Link to Lazarus Group A social media user claims that North Korean hackers linked to the Lazarus Group transferred 1 ETH to BlackRock, a major asset management firm. The hackers allegedly used the Tornado Cash mixer to obscure the transaction. Tornado Cash Under Scrutiny Tornado Cash has faced scrutiny from US regulators for its…
Crypto Loot Fuels Foreign Earnings A UN investigation has revealed that North Korea has been using cyberattacks on crypto companies to earn foreign currency. These attacks have reportedly generated around 50% of the country’s foreign earnings, which are used to fund weapons development. Adapting to Changing Cyber Landscape Despite a decline in the value of…
OKX, a major crypto exchange, has announced it’s closing down in India. The move comes after regulatory issues in the country. Users Must Withdraw Funds OKX has asked users to: Close all margin positions Redeem staking funds Withdraw all account funds After April 30, 2024, account access will be limited, but withdrawals will still be…
Market Volatility Expected Crypto analytics firm Glassnode predicts that Bitcoin (BTC) is entering a period of price volatility and correction after a significant rally this year. Key Indicators Point to Correction Glassnode cites two key indicators: Market-Value-to-Realized-Value (MVRV) Indicator: This ratio suggests that Bitcoin may be overvalued. Active-Value-to-Investor-Value (AVIV) Ratio: This metric indicates that a…
Analyst Bluntz has predicted that the Solana-based altcoin Myro (MYRO) is set for a major surge. Despite a recent correction, Bluntz believes MYRO is poised to reach a new all-time high of $0.55, representing a potential 163% increase from its current price. Bluntz bases his prediction on the Elliott Wave theory, which suggests that MYRO…
Cryptocurrency analyst Kevin Svenson predicts a potential surge in Bitcoin’s value, estimating a rise of up to 201% from current levels. Target Price Ranges Based on historical data, Svenson projects three potential target price ranges: Minimum: $95,000 Median: $142,000 Maximum: $190,000 Svenson suggests a more realistic target of around $142,000, but acknowledges the possibility of…
Bitcoin Recovery After a sharp drop, Bitcoin has bounced back, rising from $61,000 to $67,000 on Wednesday. This has sparked optimism that a bullish trend may be on the horizon. However, Bitcoin is still below its all-time high of $73,000 reached last week. Correction Bottomed Out? Crypto experts believe that the recent price correction may…
