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A new US administration is taking shape, and with it, a potential shift in how the government views cryptocurrency. This has some politicians worried. A Pro-Crypto Treasury Secretary? Donald Trump’s incoming Treasury Secretary, Scott Bessent, is a known figure in the finance world. Trump himself has touted Bessent’s appointment, suggesting he’ll help solidify the US’s…
Ethereum is a major cryptocurrency, known for its decentralized finance (DeFi) applications, especially smart contracts. These automated contracts eliminate the need for central authorities, potentially sidelining banks. A Recent Dip and Investor Concerns Despite its promising future, Ether (ETH) recently experienced a 10% drop, sparking fears of further declines. While many investors anticipated a surge…
A popular crypto analyst, Credible Crypto, predicts a massive price surge for Ethereum (ETH) later this year. However, they caution that a dip is likely first. Ethereum’s Predicted Price Action Credible Crypto, who boasts a large following on X (formerly Twitter), believes Ethereum is primed for a significant rally. Their ideal entry point for long-term…
Banks Get the Green Light for Crypto Custody? Incoming President Trump is reportedly planning an executive order that will let banks hold Bitcoin and other cryptocurrencies for their customers. This would overturn a current rule that makes things difficult for banks dealing with digital assets. Reversing the Rules The order aims to scrap a guideline…
MicroStrategy, the software firm led by Michael Saylor, has added another 2,530 Bitcoin to its massive holdings. This latest purchase, costing roughly $243 million, brings their total Bitcoin stash to a whopping 450,000 BTC. A $28 Billion Bitcoin Bet At current prices, MicroStrategy’s Bitcoin holdings are valued at approximately $28.2 billion. Saylor announced the purchase…
Analysts believe the Bitcoin market can handle a massive upcoming sale of government-held Bitcoin without major price drops. Billions of Bitcoin on the Block The US Department of Justice (DOJ) is planning to sell off approximately $6.5 billion worth of Bitcoin. This Bitcoin was seized years ago in connection with the now-defunct Silk Road online…
Ethereum started 2024 in a slump, dropping over 16% since January 6th. It’s struggling to find support, leaving investors worried. A Symmetrical Triangle Forms Analyst Carl Runefelt spotted something interesting: Ethereum is forming a symmetrical triangle on the 1-hour chart. This pattern usually means a big price swing is coming, but in which direction? It’s…
Financial expert Raoul Pal believes Bitcoin is showing signs of a massive price increase, similar to its 2016 performance. Bitcoin’s Past Echoes the Present Pal, a well-known figure in the finance world, points out that Bitcoin’s current market behavior resembles the pattern seen just before its dramatic rise in 2016. Back then, Bitcoin went from…
A crypto analyst, known as DonAlt, is predicting another price surge for XRP. He’s shared his positive outlook with his 65,000 YouTube followers. Strong Performance and Consolidation DonAlt believes XRP is currently one of the strongest cryptocurrencies, alongside Bitcoin. He points to its recent consolidation period following a December peak of $2.90 as a sign…
Extreme Bearishness Could Signal a Bull Run Crypto analytics firm Santiment is suggesting that the current wave of negative investor sentiment could actually be a good sign for crypto prices. They’ve noticed a surge in online chatter about selling crypto, similar to what happened right before a major price rally in the last quarter of…
