In a recent analysis of Bitcoin’s market performance, veteran analyst Peter Brandt has expressed his confidence in the cryptocurrency’s potential to reach a six-figure digit value by 2025. Brandt, who is celebrating his 50th anniversary in future markets trading, describes Bitcoin as a once-in-a-lifetime trade that is unparalleled in comparison to traditional assets like gold,
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Crypto research platform 10x Research has recently reported that the Bitcoin Relative Strength has surged to 40%, indicating a potential rally in the flagship cryptocurrency. The platform’s newsletter, titled “Fake Dip?”, drew attention to the historical pattern of Bitcoin experiencing rallies when its relative strength index (RSI) drops to 40%. This statistical analysis suggests that
Coinbase, the leading U.S. cryptocurrency exchange, recently released its earnings report for the first quarter of 2024. The report showcases impressive financial figures, with the company generating a total revenue of $1.6 billion, marking a significant 72% increase from the previous quarter. This growth can be attributed to the surge in cryptocurrency prices and the
The recent guilty plea from Alexander Vinnik, the Russian national behind the infamous crypto exchange BTC-e, has shed light on the dark underbelly of the cryptocurrency world. Vinnik, now facing the possibility of a two-decade prison sentence in the US, was responsible for facilitating illicit activities on a massive scale through BTC-e. The exchange processed
Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has recently announced a groundbreaking decision to allocate 10% of all profits generated from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report, Dorsey explained the rationale behind this move, emphasizing the significance of bitcoin as the most suitable candidate for a
In the midst of a general market downturn, XRP has displayed remarkable resilience compared to other digital assets like Bitcoin and Ethereum. Despite briefly dipping below $0.50, XRP has managed to stay afloat and even experience a 3% increase over a two-week period according to CoinGecko’s data. This stability has caught the attention of analysts
After a week of bearish pressure, Bitcoin managed to stage a strong comeback on Friday, crossing the $60,000 mark once again. This resurgence in the price of BTC raised hopes among investors for a sustained rally. However, the question that looms large is whether this upward momentum can be maintained in the coming days. According
Bitcoin’s recent recovery journey has been nothing short of a rollercoaster ride, with the cryptocurrency experiencing significant fluctuations in price over the past few days. The cryptocurrency saw a sharp increase from under $59,000 to a multi-day peak of over $63,000, showcasing its volatility in full force. Despite a positive start to the week, with
In the fast-paced world of cryptocurrency trading, meme coins have taken on a life of their own. The recent post-Halving slump of Bitcoin has caused a stir among traders, especially those in the Solana ecosystem. One token, in particular, has caught the eyes of many – Sad Hamster, also known as HAMMY. The Meme Value
The recent drop in Bitcoin’s price below the $59,000 support level has caused a ripple effect in the cryptocurrency market. This sudden decrease has led to liquidations in the futures market, sparking concerns among analysts about the possibility of a more significant decline in the absence of a full-scale market capitulation. According to CryptoQuant, approximately
