Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey in the world of cryptocurrencies began with a wide range of subjects, but he quickly discovered his talent for unraveling the complexities within the blockchain and cryptocurrency space. What draws Semilore to digital assets is their efficiency in storing
Bitcoin
Bitcoin’s price has been fluctuating wildly in the past few hours, with a sudden drop below $54,000 on July 5, reminding investors of the intense volatility associated with the market. Over the past seven and thirty days, Bitcoin has been down by 7% and 20.25%, respectively. This unpredictable nature of Bitcoin’s price movements has caught
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has stirred significant market anxiety. This amount represents 0.68% of the total Bitcoin supply and is slated for distribution among the exchange’s creditors. Large transfers of 52,633 BTC in recent hours suggest preparations for a large-scale disbursement, raising concerns among market observers
Cryptocurrency expert Michael van de Poppe recently pointed out a crucial indicator suggesting a potential bounce for Bitcoin, following its dip below $60,000. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a possible relief bounce from its current price level. According to his analysis, Bitcoin is expected
The recent crash in the crypto market has left investors in a state of panic, particularly those holding Bitcoin and altcoins. The price of Bitcoin has been falling steadily, leading to tens of thousands of traders losing their positions and facing significant losses. In just the last 24 hours, the market has seen a substantial
Despite the overall negative sentiment in the cryptocurrency market, Bitcoin investors holding more than $600,000 worth of BTC have been steadily accumulating more coins over the last six months. According to data from Santiment, wallets holding more than 10 BTC have increased their collective holdings by 1.07% in this time period, adding up to over
Crypto analyst Quinten François has painted a remarkably optimistic picture of Bitcoin’s future trajectory, suggesting that the flagship cryptocurrency could surge to as high as $4.5 million. He pointed out the significance of Bitcoin’s fourth halving and claimed that the real action is just getting started. According to Quinten, Bitcoin is currently situated at the
Fundstrat’s head of research, Tom Lee, has once again made headlines with his prediction that Bitcoin will surge to $150,000. This bullish outlook on the pioneer cryptocurrency has sparked a debate among investors and analysts alike. While some believe in Lee’s optimistic forecast, others remain skeptical about the feasibility of such a sharp price increase.
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the parallels between historical economic upheavals and the current financial landscape. He categorizes economic cycles into “Local” and “Global” cycles, emphasizing the importance of understanding these cycles in predicting future trends in the Bitcoin and crypto market. Hayes
Bitcoin has recently been experiencing a period of volatility, with the price fluctuating between $60,000 and $63,500. Despite attempts to break above important resistance levels, the bearish sentiment in the market seems to be prevailing. One crypto analyst, Alan Santana, has made a rather grim prediction regarding the future of Bitcoin prices. In his analysis
