In the past market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, right before the United States Federal Reserve made the decision to cut interest rates. Interestingly, the pattern on the charts for this cycle appears to be quite similar. It is possible that we may witness a final flush out of
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10x Research CEO Markus Thielen has expressed optimism about Bitcoin’s future, predicting a new all-time high. According to Thielen, a “head and shoulders” chart pattern is on the verge of completion, potentially leading to a rally towards $83,000 in the near future. Despite a retreat to just over $69,000 on June 7, Thielen remains bullish
Core Scientific, a key player in North America’s digital infrastructure industry, recently announced a strategic partnership with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts extending over 12 years, with Core Scientific set to supply approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This move marks a
The recent indictment of Bill Guan, chief financial officer of Epoch Times, by the US Department of Justice has sent shockwaves through the media industry. The allegations suggest that Guan was at the center of a sophisticated international money laundering scheme, involving the transfer of $67 million in illicit funds using cryptocurrency. This revelation has
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement. The price of ETH has fallen below the 4-hour Simple Moving Average (SMA), indicating a potential shift in market sentiment from bullish to bearish. This development is crucial for traders and investors as it could signal increased selling pressure and
In June, Coinbase CEO Brian Armstrong proudly announced that over one million individuals have joined the ‘Stand With Crypto’ movement as advocates for the industry. This incredible number of supporters has not gone unnoticed, with Armstrong emphasizing, “That’s a lot of voters!” It is reported that a significant 600,000 advocates joined the movement following a
The recent drop in bitcoin price has left many investors puzzled, especially considering the continuous inflows into US-based ETFs. The approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year marked a significant milestone in the cryptocurrency industry. Financial giants like BlackRock and Fidelity becoming issuers of exchange-traded funds with cryptocurrency
Ripple’s XRP has been hovering around the $0.52 mark, with analysts split on whether the token is poised for a significant increase or a possible drop. Despite the cryptocurrency market experiencing price surges, XRP has remained relatively stagnant, struggling to surpass the $30 billion market cap level. Potential Rise to $0.70 Some analysts, such as
Recently, a popular on-chain sleuth brought attention to fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter managed to drain around $2 million worth of meme coins in several transactions, eventually swapping half of the illicit profit for ETH. This incident has led to a significant decline in ANDY’s price,
The Bitcoin price has come to a standstill after reaching the $71,000 mark, leaving investors in a state of uncertainty. This period of stagnation often signals an impending massive move in the market, but predicting the direction of this move is a challenge. Crypto analyst Alan Santana has delved into the Bitcoin chart to offer
