The countdown to the much-anticipated 2024 bitcoin halving event has stirred up a whirlwind of excitement and speculation within the cryptocurrency world. Social media platforms are buzzing with discussions surrounding the impending halving, with a noticeable increase in chatter, as reported by Santiment. This surge in social media activity is seen as a potential indicator
Bitcoin’s market capitalization has been on the rise, recently reaching an all-time high of over $1.43 trillion. Industry experts are divided on the future value of Bitcoin, with some optimistic projections going as high as $100K. Ripple’s CEO, Brad Garlinghouse, also believes in broader industry growth, predicting that the global market capitalization of the sector
The recent weeks have seen a decrease in the bullish momentum of the Bitcoin price, raising concerns about the progression of the crypto bull cycle. A flash crash on April 12 resulted in the premier cryptocurrency’s value dropping from $70,000 to below $67,000. This decline highlights the struggle of Bitcoin to reach its recent all-time
The recent turbulence in the crypto market on April 12 left many investors stunned as the prices of Bitcoin and other major altcoins experienced a sharp decline. This unexpected turn of events led to massive liquidations, with over 277,000 traders losing their leverage positions within a span of 24 hours. The total amount of crypto
The recent market correction on April 12 caused a drop in the value of various digital assets, including Shiba Inu (SHIB), which experienced a 6% decline on a weekly scale and a 20% decrease over the past month. Despite this negative trend, many analysts are optimistic about SHIB’s potential for a substantial rebound in the
Tax crimes involving cryptocurrency are on the rise, according to IRS criminal investigation chief Guy Ficco. Ficco highlighted 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 crimes include failure to report income from crypto sales
When looking at the impact of Bitcoin Halving events on the flagship cryptocurrency’s price, it is essential to consider opinions from various analysts in the field. Hannah Phung, a lead analyst at on-chain analytics platform SpotOnChain, shared her perspective on how Bitcoin’s price tends to increase around 6 to 12 months after the Halving, rather
The world of cryptocurrency has not been immune to the attention of the ultra-wealthy elite, as high-net-worth individuals with assets worth millions and billions of dollars are now looking to diversify their portfolios by entering the digital asset market. Barbara Goldstein, the Managing Partner at R360, an exclusive networking and investment club for the uber-rich,
Over the past few weeks, Cardano (ADA) has experienced a downward trend in its price. After reaching a peak of $0.808 on March 11, the price of ADA has dropped by more than 28%, currently trading just below the $0.60 mark. This decline has caused Cardano to slip down to the 10th position among the
Bitcoin, the leading cryptocurrency in the market, has been garnering attention as it hovers around the $70,000 threshold, showing signs of a notable recovery. With the upcoming much-anticipated Bitcoin Halving event, Rekt Capital, a well-known cryptocurrency analyst, has provided valuable insights into the market dynamics surrounding this event. His analysis outlines three distinct stages that
