Author: Maria
Indeed, the Bitcoin price performance has been one of the high points in the crypto landscape in recent weeks. However, the premier cryptocurrency has not exactly made a dreamy start to the new month, sparking conversations about the coin’s history in August. Interestingly, a blockchain firm has indicated that it might not be all gloom for the value of Bitcoin, as the market leader might experience a price rebound over the next few days. Bitcoin Price Might Be At A Bottom — Here’s What Is Next Prominent cryptocurrency analytics platform Santiment has revealed that a “relief rally” might be around…
Ethereum has been experiencing a prolonged period of bearish price action. The altcoin has been relatively quiet, with its price declining, leaving many investors and traders feeling uncertain. However, a notable bullish proponent continues behind the scenes, indicating a potential shift in market dynamics. In the last few days, on-chain data has revealed a significant accumulation pattern for ETH. This bullish catalyst has materialized in the form of whale accumulation, where large investors, commonly called “whales,” have been making substantial purchases of Ethereum. These whales have acquired hundreds of millions of dollars worth of ETH, signaling their anticipation of an…
Defunct Japanese-based Bitcoin exchange, Mt. Gox, has executed another massive BTC transfer, moving over $2 billion worth of BTC to crypto wallet addresses. The exchange’s repayment plan is nearing its end, experiencing a significant reduction in its previously substantial distribution funds. Mt. Gox Moves Over 33,000 BTC In a recent X (formerly Twitter) post, AI-powered blockchain analytics platform, Arkham Intelligence uncovered a new substantial BTC transfer conducted by Mt. Gox. According to Arkham’s reports, the defunct Bitcoin exchange had moved a whopping 33,960 BTC valued at $2.25 billion on July 31. The blockchain platform disclosed that Mt. Gox’s massive Bitcoin transfer was…
The largest stablecoin issuer, Tether, recently disclosed a record net profit for the first half of this year. This is undoubtedly bullish for Bitcoin, considering the company’s commitment to accumulating the flagship crypto with some of these profits. Tether Records Net Profit Of $5.2 Billion Tether revealed in its Q2 Attestation Report that it recorded a net operating profit of $5.2 billion for the first half of the year. This significant milestone came as the company recorded a net profit of $1.3 billion in the second quarter of this year. Tether’s record-breaking feat is a positive development for Bitcoin because…
The direction of the Bitcoin price from here remains a hot topic among investors and traders as bearish and bullish speculations clash. However, for PlanB, a well-known crypto analyst on the X (formerly Twitter) platform, the expectations for the BTC price remain bullish, especially as Bitcoin miners have suffered a decline in revenues in recent times. Bitcoin Miner Revenues Mark A Bottom Crypto analyst PlanB took to X (formerly Twitter) to share an interesting development that Bitcoin miners are facing. Revenues have been falling for Bitcoin miners over the past year leading up to the halving. However, the crypto analyst…
As Bitcoin carves out a position in the world’s financial landscape, recent events in the US have given it a bright future. At least, this is what an analyst at H.C. Wainwright & Co. sees. Mike Colonnesse offered a weekly study on July 30 outlining several positive elements driving the Bitcoin and BTC mining sector including institutional momentum, expected legislative reforms, and political endorsement. Trump’s Agenda On The Market The expert detailed former President Donald Trump’s crucial position in crypto. Trump, currently running as a Republican, discussed his cryptocurrency idea at Bitcoin 2024. One of his goals is to make…
The Bitcoin price has been expected to hit the 6-figure mark for a couple of years now, but this target continues to be elusive for the cryptocurrency. However, with a crypto bull run predicted by experts to be around the corner, the expectations for a 6-figure Bitcoin price have emerged once again. One crypto analyst in particular has taken it a step further, predicting when the Bitcoin price will hit $200,000 based off of historical data. Bitcoin Power Law And Exponential Decay Theory In an X (formerly Twitter) post, pseudonymous crypto analyst @apsk32 pointed out a 13-year trend that has…
Economist and crypto trader, Alex Kruger has presented compelling arguments for why Bitcoin (BTC) should be viewed in a more positive light. The popular economist has emphasized the significance of holding Bitcoin, inadvertently encouraging investors to acquire the pioneer cryptocurrency as a safeguard against the devaluation of fiat currencies. Bitcoin As A Hedge Against Dollar Devaluation On July 24, Jedi from the YouTube channel, Blocmates Orange hosted an exclusive interview with Kruger and Rich Rines, a founding contributor of Core DAO. While speaking on the potential for a Bitcoin super cycle and deducing the cyclic halving events, Kruger also shed…
NSA whistleblower Edward Snowden gave a keynote speech at the Bitcoin 2024 conference in Nashville, during which he made certain shocking revelations about Bitcoin and the broader crypto ecosystem. He also made a case for why crypto remains an individual’s best bet against fighting corrupt institutional practices. What Snowden Said About Bitcoin Snowden mentioned during his keynote speech at the Bitcoin 2024 conference that most Bitcoin transactions are fully doxxed, although not made public. He made this revelation while noting how this is possible, considering that transactions on the network are permanent and can be publicly verified by anyone. However,…
Ethereum whales also known as major investors are gradually returning to the market following recent positive developments around ETH, which demonstrates renewed optimism among institutional and retail investors around the crypto asset. Current data shows that the whales have amassed 426,000 ETH in light of rising excitement over the introduction of spot Ethereum Exchange-Traded Funds (ETFs). Ethereum Whales Acquires 426,000 ETH In One Week Burak Kesmeci, a verified author and analyst at leading on-chain analytics provider, CryptoQuant, spotted the recent rise in ETH accumulation among major investors, which has triggered hope within the community about an impending potential price rally…