Leverage on the Rise The analytics firm IntoTheBlock warns that Bitcoin’s skyrocketing leverage levels could indicate an overheated crypto market. According to Lucas Outumuro, the firm’s research head, funding rates have hit their highest since 2021. Long Positions Dominate “Funding rates are abnormally high, suggesting a heavily skewed market towards long positions,” Outumuro explains. “This…
Bitcoin Plunges Bitcoin has taken a hit, dropping to $65,000. This is a significant setback after its recent record highs. At the time of writing, Bitcoin is trading at $65,710, down 5.6% in the last 24 hours and 4.5% in the last week. Altcoins Suffer Too Bitcoin’s downturn has also affected altcoins. Ethereum (ETH) and…
Deaton Challenges Senator Warren Prominent XRP advocate and lawyer John Deaton has pledged a whopping $500,000 to his Senate campaign against incumbent Massachusetts Senator Elizabeth Warren. Deaton, a Republican, is giving Warren her first serious challenger, setting the stage for a heated election centered around cryptocurrencies. Crypto Community Support Deaton’s announcement has sparked a wave…
A Dogecoin (DOGE) whale recently sold a lot of their coins to make a profit. This has made the price of DOGE go down. Whale Sells 86 Million DOGE The whale moved 86 million DOGE to the crypto exchange Robinhood to sell them. They probably did this because the price of DOGE had been going…
Expanding Portfolio MicroStrategy, an enterprise software company, has announced plans to purchase more Bitcoin (BTC) as the cryptocurrency’s price dips. The company intends to use the proceeds from a $525 million convertible note offering to acquire additional BTC. Dip in Price Bitcoin is currently trading at $69,921, down 5% from its all-time high of $73,580…
Robert Kiyosaki, author of the bestselling “Rich Dad Poor Dad” series, believes Bitcoin will reach a staggering $300,000 this year. Bitcoin’s Limited Supply Kiyosaki emphasizes Bitcoin’s limited supply of 21 million coins as a key factor in its potential growth. Unlike gold and silver, which can be mined in increasing quantities, Bitcoin’s supply is fixed….
Solana (SOL) Crypto analyst Bluntz predicts further upside potential for Solana (SOL). SOL has risen 10x since September, breaking out of an ascending channel. The analyst believes SOL is outperforming Bitcoin (SOL/BTC) and Ethereum (SOL/ETH). Bitcoin (BTC) Bluntz uses Elliott Wave theory to forecast a move towards $80,000 for BTC. He suggests that BTC has…
A popular crypto analyst known as Inmortal has shared his predictions for three cryptocurrencies: Solana (SOL), Floki (FLOKI), and Chainlink (LINK). Solana (SOL) Inmortal believes that SOL could follow in the footsteps of Ethereum (ETH) and experience a massive rally. He predicts that SOL could rise by over 180% from its current price, potentially reaching…
Market Crash The crypto market took a hit, wiping out over $800 million in a matter of hours. Bitcoin dropped to $67,500 after reaching all-time highs. Altcoins also took a beating, with over 200,000 traders facing liquidations. Long Squeeze The crash was triggered by a “long squeeze,” where traders with bets on rising prices were…
Price Correction Bitcoin has been on a wild ride lately, reaching a new high of $73,750. But since then, it’s taken a tumble, dropping to $65,630. Analyst Michaël van de Poppe thinks the correction is far from over. Bearish Divergence Van de Poppe points to a bearish divergence, where the price of Bitcoin is making…
