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Tom Lee, the chief investment officer at Fundstrat, predicts a significant price jump for Bitcoin (BTC). He believes a shortage of available Bitcoin is brewing, which could send prices soaring. A Looming Bitcoin Shortage? Lee argues that the limited supply of Bitcoin available for sale, especially on exchanges, will become a major issue once Bitcoin…
Raoul Pal, a former Goldman Sachs executive, is predicting big things for Dogecoin (DOGE). He’s noticed a bullish chart pattern that he believes could lead to gains similar to those recently seen in XRP. Dogecoin’s Bullish Wedge Pal, who boasts over 1 million followers on X (formerly Twitter), points to a “wedge pattern” on DOGE’s…
Foundry, the world’s biggest Bitcoin mining pool, recently laid off about 60% of its employees – that’s a huge cut from over 250 people down to around 80-90. This affects both US and international staff. Why the Layoffs? According to sources, this is a “strategic move” to focus on Foundry’s most profitable areas. The goal…
Alexander Mashinsky, the ex-CEO of the now-defunct crypto lender Celsius, admitted to fraud. He faces up to 30 years in prison. The Charges The Department of Justice (DOJ) originally hit him with seven charges, but he pleaded guilty to two: commodities fraud and securities fraud. This involved two main schemes. Scheme 1: Lying to Customers…
France is getting ready to shake things up with a new tax on cryptocurrency in 2025. This isn’t just any tax; it’s part of a broader plan to replace the existing wealth tax with one targeting “unproductive assets.” Targeting “Unproductive” Assets Think of it as a tax on things that aren’t generating income, like luxury…
An economist suggests a wild scenario: former President Trump’s Bitcoin plans could dramatically increase Bitcoin’s value, similar to the oil price surge in the 1970s. Bitcoin: The New Oil? Macroeconomic analyst Luke Gromen thinks Trump’s talk about accumulating a massive Bitcoin stockpile isn’t just political posturing. He points to Trump’s statement calling Bitcoin “the new…
Ethereum is on the verge of something big: a “golden cross.” This technical indicator suggests a potential price surge. Let’s dive into what it means and what could happen next. What’s a Golden Cross? A golden cross happens when a shorter-term moving average (like the 50-day) crosses above a longer-term moving average (like the 200-day)….
Ethereum (ETH) is down a bit lately. After a brief price increase last week, it’s dropped 2.4% in the last 24 hours, trading around $3,577. That’s a 26.8% decrease from its all-time high of $4,878 in November 2021. But don’t worry, trading volume is still strong at $42.4 billion—a big jump from last month. Chart…
A popular crypto analyst, known as Rekt Capital, is predicting good things for several cryptocurrencies. Their analysis, shared with over 500,000 followers on X, focuses on Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE). Avalanche (AVAX) Looks Strong Rekt Capital highlights Avalanche’s strong performance in November, noting a significant monthly close above $38.57. They believe any…
XRP’s recent price spike has led to some big changes on the XRP Ledger (XRPL). Developers are making the blockchain more user-friendly, aiming to attract more people. Lower Fees and Reserves XRPL Labs recently adjusted its validator settings to significantly reduce fees and reserve requirements. This means it’s now cheaper and easier to create accounts…
