Bitcoin’s open interest just hit another record high. What does this mean for the price of BTC? Let’s dive in. What is Open Interest? Open interest is a metric that tracks the total number of outstanding Bitcoin derivative contracts across all exchanges. A rising open interest means more traders are placing bets on Bitcoin’s price,…
Dogecoin’s price took a bit of a dive recently, dropping from around $0.43 to $0.34. This almost 20% drop had people wondering if the party was over. Social media buzz, a big factor in Dogecoin’s price, seemed to be cooling off. Dogecoin’s Rollercoaster Ride Dogecoin’s price is heavily influenced by hype and social media trends,…
Charles Hoskinson, the founder of Cardano, recently revealed his ambitious plan to make the US the global leader in the cryptocurrency industry. He’s been busy talking to senators and other key players, and he thinks the next few months are critical. The Three-Pronged Approach Hoskinson’s plan involves three main strategies: Administrative Changes and Rulemaking: This…
Anthony Scaramucci, founder of SkyBridge Capital, believes the crypto market is finally finding its footing after a significant downturn. He recently shared his insights on Bloomberg Television. The FTX Fallout and Regulatory Uncertainty Scaramucci points to the FTX collapse in 2022 and the SEC’s regulatory approach as major contributors to crypto’s depressed prices. He argues…
MicroStrategy, the business intelligence firm, is taking a huge gamble on Bitcoin, and it could backfire, according to BitMEX Research. Their strategy of constantly borrowing money to buy more Bitcoin is raising concerns. A Debt-Fueled Bitcoin Strategy MicroStrategy has amassed a massive Bitcoin hoard, largely financed through issuing bonds. They currently have $4.25 billion in…
A well-known crypto analyst, Dave the Wave, predicts a huge price jump for Bitcoin. He believes a parabolic rally is likely once Bitcoin breaks the $100,000 mark. Bitcoin’s Four-Year Cycle Dave the Wave’s prediction is based on Bitcoin’s historical four-year cycle, tied to halving events. These events cut the rewards for Bitcoin miners in half,…
President Trump’s cabinet is taking shape, but a key position remains unfilled: Treasury Secretary. This role could be HUGE for Bitcoin, especially considering Trump’s campaign promise of a national Bitcoin reserve. The race is tight, and it’s a battle between some big names. The Contenders Two main contenders are vying for the spot: Scott Bessent…
Coinbase CEO Brian Armstrong thinks Donald Trump’s new Department of Government Efficiency (DOGE) could be a game-changer for the US economy. He believes it offers a unique chance to shrink the government and boost economic freedom. Armstrong’s Vision for DOGE Armstrong tweeted his support for DOGE, suggesting it could tackle the problem of government overspending….
Big news for Bitcoin! We’re one step closer to seeing spot Bitcoin ETFs widely available. The CFTC Hands Over the Reins The Commodity Futures Trading Commission (CFTC) just announced it’s stepping aside when it comes to approving Bitcoin ETF options. They’ve passed the baton to the Options Clearing Corporation (OCC). This is huge because the…
A well-known crypto analyst, known as Bluntz, is predicting some big price movements for several cryptocurrencies. Bluntz, who boasts a large following on X (formerly Twitter), uses Elliott Wave theory to analyze market trends. Dogecoin’s Next Move Bluntz believes Dogecoin (DOGE) is ready for another price rally. He claims a recent price correction is complete,…
