Can Shiba Inu Reach $0.0001? Despite a strong 2024, Shiba Inu has yet to surpass its previous high of $0.00008. However, a crypto analyst believes it’s on track to reach new heights. Analyst’s Prediction Shib Knight, a Shiba Inu community member, has shared an analysis suggesting that support for Shiba Inu is forming around $0.000025….
Crypto analyst Benjamin Cowen believes this week’s economic data will provide crucial insights into Bitcoin’s future direction. Labor Market Data Key Cowen expects the labor market data, released on the first Friday of each month, to influence BTC’s short-term trajectory. Metrics like average hourly earnings, non-farm employment change, and unemployment rate will be closely watched….
Massive Ethereum Outflows Since the SEC approved the listing of spot Ethereum ETFs, crypto exchanges have seen a massive outflow of Ethereum. According to analyst Ali Martinez, 777,000 ETH worth $3 billion has left exchanges. Whale Activity in Toncoin Large investors have been actively moving Toncoin (TON), with the number of large transactions surging by…
VanEck CEO Jan van Eck predicts that Bitcoin’s market value will eventually reach at least half of gold’s. Timeframe Van Eck estimates that it could take 5-10 years for traditional finance to fully embrace Bitcoin and drive its market cap to $7.85 trillion. Challenges Despite growing interest, traditional finance clients remain hesitant about Bitcoin. Van…
Peter Brandt, a seasoned trader, believes Bitcoin (BTC) could soar to $150,000 before the bull market concludes. Timeline of Bull Market Brandt analyzed historical data and found that the duration of bull cycles has been relatively consistent since 2012. According to his analysis, the current bull market will likely end in August or September 2025….
Billionaire Investor’s Forecast Venture capitalist Chamath Palihapitiya predicts Bitcoin could reach a staggering $500,000 by October 2025. This bold forecast is based on the historical trend of Bitcoin’s price surges after its “halving” cycles. Halving Cycles and Price Appreciation Palihapitiya analyzed Bitcoin’s performance after its previous halving events (when the number of new Bitcoins created…
Hash Ribbons Indicator Charles Edwards, CEO of Capriole, a Bitcoin hedge fund, has spotted a buy signal in the “Hash Ribbons” indicator. This signal has historically signaled good times to buy Bitcoin. The Hash Ribbons indicator looks at mining data to predict when Bitcoin is a good buy. It looks at the difference between the…
Thailand has dipped its toe into the Bitcoin waters with a new exchange-traded fund (ETF) that’s only available to the ultra-rich. Limited Access for the Privileged The Securities and Exchange Commission (SEC) has approved the ONE Bitcoin ETF Fund of Funds Unhedged, offered by One Asset Management (ONEAM). Unlike regular ETFs, this one is reserved…
Interest Rate Cuts on the Horizon Probability of a 25-basis point cut has increased to 51.3%. Investors anticipate a cut by September. Interest rate cuts boost investor confidence in risk assets like Bitcoin. Spot Bitcoin ETFs Surge Weekly net inflows of $170.9 million last week. Net inflows of $105.1 million on June 3. These ETFs…
Green Light for Institutional Investors Thailand’s Securities and Exchange Commission (SEC) has given the go-ahead to One Asset Management (ONEAM) to launch the country’s first spot Bitcoin exchange-traded fund (ETF). This is a significant step for Thailand’s financial sector. However, this ETF is only available to wealthy and institutional investors, showing that regulators are still…
