Bitcoin analyst Willy Woo recently made a bold prediction regarding the potential price of Bitcoin (BTC) in the future. According to him, BTC could reach $91,000 at the bottom of a bear market and $650,000 at the peak of a bull cycle. These staggering figures are based on the full deployment of cryptocurrency exchange-traded funds
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Bitcoin experienced a significant drop over the weekend, causing many in the crypto community to question the future of the digital currency. Renowned trader Peter Brandt has offered his perspective on the situation, introducing the concept of an “end run” to describe the current market dynamics. An end run, borrowed from sports terminology, refers to
The recent price decline in Ethereum, along with other cryptocurrencies, has been a cause for concern in the market. However, while many retail investors are panic-selling their assets, on-chain data reveals a different story. Big player whales seem to be taking advantage of the situation to accumulate more assets, displaying a bullish sentiment amidst the
In response to the increasing number of cryptocurrency-related crimes in Hong Kong, Bitrace has taken proactive steps to address the issue. The data analysis company recently held training sessions for members of the Hong Kong Police Force on on-chain fund tracking. This initiative is part of Bitrace’s Corporate Social Responsibility efforts, designed to enhance law
Bitcoin, the pioneer and flagbearer of the digital currency realm, has once again captured the attention of investors. Recent market dynamics have prompted discussions among analysts and enthusiasts alike, with the spotlight firmly fixed on the possibility of a significant retracement in Bitcoin’s price. Renowned crypto analyst Rekt Capital has examined the current state of
Recent market data shows a significant correction in the cryptocurrency sector on April 14, resulting in a global market capitalization of around $2.4 trillion. This downturn led to multi-million liquidations, particularly affecting long traders. Ripple’s XRP was one of the notable losers, plummeting by 20% to approximately $0.48, according to CoinGecko’s data. Despite the bearish
The recent introduction of Spot Bitcoin ETFs has sparked renewed interest and investment in Bitcoin and other cryptocurrencies. These ETFs have paved the way for institutional investors to enter the crypto market, fundamentally changing the landscape and driving the price of Bitcoin to new heights. However, external factors such as geopolitical tensions can also have
The recent escalation of geopolitical tensions in the Middle East, particularly between Iran and Israel, has had a significant impact on the cryptocurrency market. Reports of Iran launching drone and missile attacks on Israel have sent shockwaves throughout the industry, resulting in a sharp decline in the price of Bitcoin. This sudden turn of events
In the realm of blockchain technology, the debate over data transparency and ownership is reaching a critical point. While the blockchain’s inherent transparency and immutability are praised for democratizing data, there is a growing concern over individual control and ownership of personal information. Striking a balance between the two is crucial, but is it realistic
In a surprising turn of events, the funding for Bitcoin startups saw a massive increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, with the overall count of Bitcoin companies receiving funding rising
Bitcoin Layer 2 solutions have been a hot topic this year, garnering both praise and criticism. One notable critic is Mempool founder Mononaut, who has pointed out several technical drawbacks of these protocols. Mononaut argues that if a Bitcoin Layer 2 solution lacks support for unilateral exits, it essentially functions as a multi-signature system rather
Over the weekend, Bitcoin experienced a significant drop in price, falling by five thousand dollars to reach a multi-week low of approximately $61,000. This decline was part of a larger trend that also affected alternative coins, with many experiencing double-digit decreases in value. The primary reason for this market crash was the escalating tensions between
Recently, the EigenLayer team made an exciting announcement regarding the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This service has already garnered significant attention, with over 4.1 million ETH being restaked on EigenLayer. In addition, a staggering 70% of all new Ethereum validators have chosen to restake on this platform.
Over the past few weekends, the cryptocurrency market remained relatively stable. However, the recent events have shaken the industry significantly. Factors such as announcements from US Federal Reserve officials and reports of potential conflicts between Israel and Iran have led to a sharp decline in Bitcoin’s price along with a significant drop in altcoin values.
ICB Network was launched on April 1, 2024, as a groundbreaking Layer-1 Blockchain project that aimed to redefine the standards of efficiency, security, and scalability within the blockchain ecosystem. One of the key innovations of the platform is its implementation of the Proof of Stake (PoS) consensus mechanism, a departure from traditional Proof of Work
With the countdown to the highly anticipated 2024 bitcoin halving event quickly approaching, the cryptocurrency community is abuzz with excitement and speculation. Social media platforms have become inundated with discussions surrounding the impending halving, signaling a potential for significant price movements in the volatile crypto market. This surge in social media chatter, as noted by
The cryptocurrency market has been experiencing a turbulent period as the bullish momentum of the Bitcoin price seems to be dwindling. A recent flash crash on April 12 caused Bitcoin’s value to drop from $70,000 to below $67,000, casting doubt on the progression of the crypto bull cycle. Amidst this uncertainty, on-chain analytics platform Santiment
Bitcoin’s market capitalization has recently surpassed $1.43 trillion, reaching an all-time high. Industry insiders have high hopes for its future value post-halving, with some projections going as high as $3 trillion. However, opinions on BTC’s performance vary, with figures like Ripple’s CEO predicting a global market capitalization of over $5 trillion, exceeding BTC’s current share.
The cryptocurrency market saw a significant correction on April 12, impacting the prices of various digital assets, including Shiba Inu (SHIB). Over the past week, SHIB’s value has dropped by 6%, and over the past month, it has decreased by 20%. While these numbers may seem concerning, there are indications that a potential rebound is
The crypto market recently experienced a sharp decline on April 12, resulting in significant liquidations for traders. Bitcoin, along with major altcoins such as Ethereum and Solana, recorded notable losses in a short period of time. This sudden price dip led to 277,843 traders losing their leverage positions, with total liquidations amounting to a staggering
Bitcoin’s price tends to increase around 6 to 12 months after the Halving event rather than immediately. In the past, significant price gains for Bitcoin occurred approximately one year after the Halving had taken place. After the first Halving on November 28, 2021, Bitcoin witnessed a price surge of over 8,000%. Similarly, the second and
The IRS criminal investigation chief, Guy Ficco, recently addressed the growing concern of taxpayers engaging in tax crimes related to cryptocurrencies. He emphasized that there has been a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These
Bitcoin has seen a significant recovery in recent days, now hovering around the $70,000 mark. This has brought a sense of optimism to crypto enthusiasts, especially with the highly anticipated Bitcoin Halving event on the horizon. Rekt Capital, a prominent cryptocurrency analyst, has shared valuable insights into three distinct stages that investors should observe leading
Cardano (ADA) has seen a decline in price over the past few weeks, dropping from a peak of $0.808 to just below $0.60. This downward trend has placed Cardano in the 10th position among the largest cryptocurrencies by market cap. Despite this, a crypto analyst named Trend Rider has identified clear signs of a potential
The realm of wealth management is witnessing a significant shift as ultra-wealthy individuals with assets worth millions and billions of dollars are increasingly drawn towards Bitcoin investments. Barbara Goldstein, the Managing Partner at R360, highlighted this new trend in a recent interview with CNBC Last Call. She shed light on the growing appeal of digital
Dapper Labs, the company known for its successful NFT projects like NBA Top Shot and CryptoKitties, recently found itself under scrutiny by the U.S Securities and Exchange Commission (SEC). The case came to a close in September 2023, leaving many wondering about the specifics of the investigation and its impact on Dapper Labs and the
As Shiba Inu (SHIB) experiences a consolidation period between its 21 and 50DMAs in the $0.000027s, investors in the meme coin space are beginning to shift their focus towards an alternative – Sponge (SPONGE). With the potential for 1,000% returns, Sponge is emerging as a new player in the meme coin market. While Shiba Inu