Cryptocurrency analyst Kevin Svenson warns of a potential significant correction for Bitcoin (BTC) after it reaches $60,000. Key Points: Svenson believes Bitcoin could see a 25% drop after the halving event in mid-April. A post-halving dip scenario back to $44,000 is a possibility. Short-term momentum remains bullish due to the upcoming halving. Bitcoin could still…
Bullish Sentiment and Long-Term Prediction Crypto experts remain optimistic about Bitcoin’s long-term potential, predicting significant price increases. Michael Van De Poppe, a prominent crypto analyst, shared a bold prediction on social media, suggesting that Bitcoin could reach $500,000 in the long run. Overly Bullish Sentiment and Potential Corrections Poppe noted the current “overly bullish sentiment”…
Bitcoin, the cryptocurrency famous for its price swings and digital gold status, is now making a play for a new title: sustainability champion. Surging Renewable Energy Use A recent analysis reveals a remarkable surge in renewable energy use for Bitcoin mining, reaching a staggering 55%. This marks a significant shift from just four years ago,…
Current State and Future Trajectory of Bitcoin In an interview with CNBC’s ‘Squawk Box,’ Mike Novogratz, CEO of Galaxy Digital, shared his insights on Bitcoin’s current state and future trajectory. He noted the recent surge in Bitcoin prices but suggested a potential consolidation phase. Institutional Adoption and Accessibility Novogratz emphasized the significance of institutional and…
Bitcoin to Replace Traditional Currencies Tim Draper, a renowned venture capitalist and founder of Draper Associates, believes that Bitcoin has the potential to replace traditional currencies like the US Dollar. In a recent interview on Bloomberg, Draper expressed his confidence that people will eventually prefer Bitcoin over fiat currencies, allowing them to purchase necessities like…
SBF Sticks with New Lawyers Despite Conflict of Interest Sam Bankman-Fried (SBF), the founder of the defunct crypto exchange FTX, appeared in court on February 21 to address a potential conflict of interest involving his new lawyers. SBF confirmed that he would stick with his new lawyers, Marc Mukasey and Torrey Young, despite the conflict….
Key Findings: Around 729,400 Bitcoin wallets emptied in the last month. Bitcoin’s “Total Amount of Holders” has been declining since January 20th, while Ethereum and Tether’s have risen. The US SEC’s approval of spot Bitcoin ETFs may have influenced this trend. Bitcoin Wallets Exodus: Data from Santiment, an on-chain analytics firm, reveals a significant decline…
Polygon, the Ethereum scaling platform, faces a critical juncture. Its recent final token unlock marks a milestone, but its MATIC token grapples with a price decline and underperformance compared to peers. Token Unlock: A New Era On February 21st, Polygon unlocked and transferred 273 million MATIC tokens, worth roughly $253 million. This final transfer signifies…
Phase One: Exclusive Claim for Original Shiboshi Holders Shiboshi NFTs, valued at around 0.14 ETH, are now available for claiming. Only original Shiboshi holders can claim an NFT within 48 hours. Claims are free, but gas fees apply. Phase Two: Minting for Doge Killer (LEASH) Token Holders LEASH token holders can mint Sheboshi NFTs at…
Ethereum has once again broken above the $3,000 mark, after previous attempts failed due to FOMO (fear of missing out). Brief Recovery In the past day, Ethereum (ETH) has rallied 3%, breaking back above $3,000. This is the third attempt at this level, with the previous two resulting in brief surges followed by retracements. Recent…
