Since its spectacular rise on October 23rd, a day when it was flirting with $35,000, bitcoin has seen little decline. Today, the queen of cryptocurrencies surprised the community again by trading at $44,200. What can we expect from this change of pace?
No one wants to sell their bitcoin: are we preparing for a new ATH?
It seems that everything is coming together for Bitcoin to have an explosive year in 2024. This week has been more significant than most others in terms of the state of the markets. Two major events happened simultaneously with the release of the latest inflation data and the December meeting of the Federal Reserve, which announced plans for a rate cut.
Everyone is eagerly waiting for the FED to start lowering its rates (pivot). That's what traders are betting on.
"The Bitcoin Spot ETF is a financial product that allows investors to access the Bitcoin market without directly owning the cryptocurrency. According to a study by Galaxy Research, the Bitcoin ETF could experience tremendous success in the years to come. Details below!
The financial market is eagerly awaiting the possible approval of a bitcoin spot ETF. In this regard, Fidelity, Ark Invest, and Invesco have recently updated their requests with the SEC. This is in response to letters demanding clarification on the matter. The crypto community perceives this action as a positive sign of ongoing dialogue between the companies and the regulatory authority.
Following the FTX incident, Binance opted for transparency to maintain the trust of its hundreds of millions of users. Thus, in November 2022, the crypto giant engaged Mazars, an international auditing firm, to facilitate access to reliable data concerning customers' holdings in BTC, ETH, USDT, and more. In early October, Binance released its 11th Proof-of-Reserves (PoR) report. Details follow.
Tourmentée par des dizaines de milliers de sanctions infligées par l’Occident, la Russie, bourreau de l’Ukraine, n’a de choix que de se tourner vers les cryptomonnaies et les technologies connexes. Rouble numérique, plateforme nationale d’échange de devises numériques, DAO… forment actuellement un bouquet d’alternatives pour rehausser une économie russe en plein plongeon. Sauf que les États-Unis n’ont pas l’intention de lui faciliter les choses, même avec les cryptos. Washington n’hésiterait pas à faire pression sur Binance pour couper le pont entre les Russes et les actifs numériques. Détails !
Barely launched, Friend.tech is setting new records. In just 24 hours, the decentralized social networking platform has generated 1.12 million fees. These statistics are beyond all comprehension: they surpass those of Uniswap and the Bitcoin network.
After their lackluster performances in recent weeks, some altcoins have been able to breathe a sigh of relief with Ripple's victory over the SEC. According to some analysts, the long drought for these assets is now about to give way to a fruitful period. They believe that the long-awaited altcoin season could finally be upon us very soon.
Renowned trader “The Big Short,” Michael J. Burry, returns to the financial spotlight by opening massive leveraged bearish positions in the stock market. This time, he's betting 93% of his portfolio on falling stock indices, a move reminiscent of his victorious prediction of the 2008 crisis. Are we on the brink of another financial storm?
Hyperbitcoinization is a concept that has been theorized by some of Bitcoin's most ardent supporters. It refers to a hypothetical state where Bitcoin would be universally accepted as currency. Is this truly credible, and what would be the consequences for the global economy?
A popular crypto strategist has predicted a significant drop in altcoins, while also updating their outlook on Pepecoin (PEPE) and Avalanche (AVAX), a rival of the Ethereum (ETH) network. The analyst, known by the pseudonym Sherpa, informed their 195 Twitter followers that altcoins could plummet by up to 50%.
An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in Pepe, despite its controversial reputation, and believe that Chainlink could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on them!
DonAlt is a famous trader who accurately predicted the bottom price of bitcoin (BTC) in 2022. On March 29, he posted a video on his YouTube channel. In it, he shared his new outlook on the queen of crypto. Here is crypto strategist DonAlt's new prediction.
Despite the bear market, the price of bitcoin has risen significantly since the beginning of the year. It is currently trading at $28,400. This exponential growth can be explained in particular by the banking crisis, leading to a loss of investor confidence in the traditional financial system. According to a professional trader, this rise will unfortunately not last. “Before another crypto rally, the value of Bitcoin should drop to $13,000,” he said in his crypto prediction.