Analyst Reveals Updated Record Price Target for Bitcoin This Month, Indicates New Bubble Emerging in Crypto
Bitcoin Predictions and Market Analysis Analysts known for accurately predicting the November 2021 Crypto Bull Cycle Top are now suggesting that Bitcoin (BTC) could reach a new record high this month. Pseudonymous analyst Pentosi, with over 866,000 followers on social media platform X, recently shared his weekly Bitcoin charts, indicating that demand for BTC is […]
Bitcoin core developers’ collective statement ignites intense discussion among Bitcoin enthusiasts.
A recent statement from 31 Bitcoin core developers has ignited discussion among the Bitcoin community, focusing on how the network should be utilized, especially in light of debates surrounding its non-financial applications. They clarified, “This doesn’t endorse or allow non-financial data, but Bitcoin can be applied in ways that may not find unanimous approval.” The […]
Glassnode Model Indicates Bitcoin Correction Likely: Key Levels to Monitor
Bitcoin has made a comeback, rising above $104,000 after a tumultuous trading week. The cryptocurrency market saw significant declines on Thursday, with Bitcoin dipping to around $101,000. This was largely fueled by a heated exchange between former President Donald Trump and Elon Musk regarding a GOP tax bill. While there have been some modest rebounds […]
Crypto Treasury Firms Are Optimistic About Bitcoin and XRP. But Avoid Investing.
Understanding Cryptocurrency Treasury Strategies Startups are increasingly adding Bitcoin and XRP to their balance sheets for various reasons. However, it’s uncertain whether shareholders are actually seeing any value from this. Many believe that directly owning these cryptocurrencies might be a safer choice. Take MicroStrategy, for example, well-known for its Bitcoin Treasury strategy—buying crypto and keeping […]
Bitcoin Falls from $103,000 to $0 on MEXC Exchange: Here’s What Occurred
TradingView Glitches Cause Bitcoin to Drop to $0 on MEXC Recently, TradingView’s technical issues led to a dramatic situation where Bitcoin was reportedly listed at $0 on the MEXC crypto exchange, stirring quite a reaction in the crypto community. Just the day before, Bitcoin was trading between $101,000 and $105,000, having bounced back from previous […]
Alex Protocol, a Bitcoin DeFi platform, suffers an $8.3M loss due to an exploit
Major Losses for Alex Protocol Following Security Breach On June 6th, the Alex Protocol, a Bitcoin Decentralized Finance (DeFi) platform operating on the Stacks blockchain, experienced a significant security breach, resulting in approximately $8.3 million in digital asset losses. According to an announcement from Alex Protocol, the incident stemmed from a vulnerability in the self-registration […]
Traders Shift to a Negative Outlook on Bitcoin Amid Notable Political Strains, Data Reveals
Bitcoin’s Recent Volatility and Market Sentiment Bitcoin (BTC) has seen a significant drop in value over the last day, nearing a low of $100,984. This drastic price shift highlights the growing volatility in the crypto market, particularly in light of the recent social media exchange between US President Donald Trump and Tesla CEO Elon Musk. […]
The Bitcoin Price Drop Leading to $96,000: The Developing Head and Shoulders Pattern
Bitcoin Faces Bearish Pressure Amid Price Fluctuations After hovering around the $105,000 mark, Bitcoin seems to be struggling against bearish pressure and trader profit-taking. In the last 24 hours, it failed to maintain this price level, dropping until it found some support near $101,000. Yet, a closer look at Bitcoin’s daily candlestick charts suggests that […]
Metaplanet Plans to Raise $5.3 Billion to Acquire More Bitcoin
Simply put Metaplanet, Japan’s Bitcoin Treasury Ministry, has announced plans to raise $5.3 billion to expand its assets. The company, which is listed on the Tokyo Stock Exchange, currently holds 8,888 Bitcoins valued at approximately $934 million. Metaplanet aims to acquire more Bitcoin with this funding. Metaplanet has set its sights on significantly increasing its […]
Early Twitter Investor Creates $100 Million Bitcoin Fund for Health Technology Company
Simply put HealthTech Firm plans to purchase 1,000 Bitcoin for its Corporate Treasury, valued at over $100 million. Fintech investor Greg Kidd has acquired a significant stake in the company and will become the CEO after the deal is finalized. Know Labs is among the latest public companies to initiate Bitcoin purchases. Another public company, […]