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Crypto analyst Kevin Svenson is saying that Bitcoin (BTC) has likely hit its bottom after a rough few months. He thinks the worst is over and that Bitcoin is ready to bounce back, but he warns that it could take months for Bitcoin to reach new all-time highs. Bitcoin’s Bullish Signals Svenson points to a…
A popular crypto trader, known as Altcoin Sherpa, is bullish on Solana (SOL), an Ethereum rival, for the second half of 2024. Solana’s Future: Sherpa says he’s “pretty neutral” on Solana in the short term but expects it to perform well later this year. He thinks SOL is a good buy around $120-$170, but warns…
A popular crypto analyst, known as Bluntz, thinks Bitcoin (BTC) still has room to grow. He believes the current bull market isn’t over yet and could continue until early 2025. Elliott Wave Theory Points to Potential $100,000 Bitcoin Bluntz uses the Elliott Wave theory to analyze Bitcoin’s price movements. This theory suggests that prices move…
Bitcoin and US stocks used to be best buddies, their prices moving in the same direction. But lately, they’ve gone their separate ways. Bitcoin’s New Direction Data shows that Bitcoin’s correlation with the Nasdaq and S&P 500 has flipped from positive to negative. This means they’re now moving in opposite directions. While US stocks have…
Bitcoin has been on a tear lately, breaking above a bearish trendline and showing strong signs of bullish momentum. This has traders and investors excited, wondering if Bitcoin can keep up the pace and reach the $60,152 mark. Bitcoin’s Price Action: A Technical Look Let’s take a look at the charts to see what’s happening:…
A well-known crypto economist, Timothy Peterson, thinks Bitcoin is about to reach a new all-time high in the next 8 months. He’s pretty confident about it, saying there’s a 90% chance it’ll happen before March 2025. Why is Peterson so bullish? Peterson’s prediction is based on his research, which looks at Bitcoin’s historical price trends….
Floki, the popular meme coin and Shiba Inu competitor, is making waves in the world of philanthropy. They’re not just focused on crypto, they’re also committed to building a better future for kids around the world. A School in India Floki recently announced their latest project: building a school in India! They’re excited about the…
The SEC has dropped its investigation into Paxos, the company behind the popular Binance USD (BUSD) stablecoin. This is a big win for the stablecoin industry and could have a major impact on how these digital assets are regulated in the US. A Year of Uncertainty Ends The SEC had been investigating Paxos for over…
Do Kwon, the founder of Terraform Labs, is currently facing extradition to either the US or South Korea, but his wife, Ms. Lee, just scored a major legal victory in South Korea. Court Rules in Favor of Ms. Lee A South Korean court ruled that certain real estate and officetel subscription rights, previously seized under…
The crypto market is holding its breath as we await the release of the US Consumer Price Index (CPI) data for June. This data is a big deal because it can influence the Federal Reserve’s decisions, which in turn can affect the entire financial world, including crypto. Market Jitters Before the Big Reveal The crypto…
