Amidst the recent market turmoil and uncertainty surrounding the future of Bitcoin, leading cryptocurrency analyst and trader, Crypto Jelle, remains bullish on the outlook for BTC. Despite the underwhelming price performance following the fourth Bitcoin Halving event, Jelle believes that the current consolidation phase is just a temporary setback. In fact, the analyst predicts that
Bitcoin’s price has been struggling to regain its momentum after a sharp drop from the $75K level. However, there are signs that a new bullish wave might be on the horizon. The daily chart reveals that BTC has been trading within a descending channel pattern, forming lower highs and lows. While this pattern is typically
Cryptocurrency analyst Ali Martinez has recently shared insights on the potential future of Bitcoin. Martinez highlighted the importance of Bitcoin reclaiming $64,290 as support in order to climb to $76,610. However, failure to do so could result in Bitcoin dropping significantly to support levels at $51,970. Martinez based these predictions on MVRV extreme deviation pricing
Big Time, the popular fantasy game, has introduced a VIP program that rewards loyal players with a range of benefits. This program is tied to the $BIGTIME tokens collected from boss chests in the game. Players can qualify for different reward tiers based on the amount of $BIGTIME tokens they have accumulated. The tiers, which
Robinhood, the trading platform popular among millennials, recently released its earnings report, showcasing remarkable growth and success. The first-quarter results revealed an impressive record revenue of $618 million, marking a significant 40% increase year-over-year. The revenue generated from cryptocurrencies saw an even more astounding surge of 232%, reaching $126 million. Transaction-based revenues also experienced a
Polkadot, a popular blockchain protocol, has recently made significant advancements to improve its network performance. One of the key upgrades includes enabling Asynchronous Backing on the network, which optimizes how parachain blocks are validated by the Relay Chain. This enhancement has led to a doubling of block production speed and a 6-10 times increase in
In recent news, the Hong Kong police force is actively seeking four men who were involved in the abduction of a cryptocurrency investor. The incident took place at Tai Lau Leng Village in the Sheung Shui district on Tuesday. The suspects targeted a 55-year-old woman who was traveling in a car with her husband. They
Bitcoin has been on a downward trend after hitting its all-time high earlier this year. The buy-the-dip sentiment among crypto traders has been prevalent, with many hoping for a quick turnaround and a surge back to new all-time highs. However, according to Santiment, a crypto analytics platform, the excitement around buying cheap Bitcoin seems to
In the upcoming U.S. presidential election, cryptocurrency is becoming a significant talking point among voters. According to a survey conducted by the Digital Currency Group (DCG) on 1201 registered voters, approximately 20% of respondents consider crypto to be a major issue in the 2024 election. This shows a growing interest and awareness of the asset
Bitcoin, the premier cryptocurrency, has been experiencing a slowdown in on-chain activity since reaching an all-time high in mid-March. Data analytics firm Santiment recently reported that various metrics on the Bitcoin network have been on the decline, including transaction volume, daily active addresses, and whale transaction count. This drop in on-chain activity has raised concerns
