Author: finance
The cryptocurrency king, Bitcoin, has faced a significant setback after a short-lived reclaim of the $100K mark, with it slipping away in less than three days. The rapid downturn has put investors on high alert as Bitcoin now grapples to maintain balance around the crucial $95K support level. The future behavior of the cryptocurrency at this juncture will be pivotal in determining whether it bounces back or plunges further. Leading analyst Axel Adler has brought to light some concerning trends in Bitcoin’s network activity. Axel’s report reveals the average weekly change in active addresses on the Bitcoin network has plummeted…
As we usher in the year 2025, Bitcoin (BTC) has become the center of attention in the cryptocurrency market due to its tumultuous fluctuations. Prevailing market analysis predicts that this might be the year where the current bullish trend of the popular cryptocurrency may draw to an end. The Cycle Theory, which has consistently provided accurate forecasts of the highs and lows of Bitcoin for over 10 years, anticipates that Bitcoin is headed towards its next Cycle Top of $200,000 by November 2025. Understanding Bitcoin Price: The Logarithmic Growth Channel and its Key Indicators As per a comprehensive analysis by…
Delving into the world of altcoins, there’s a palpable buzz in the air, catalyzed by Bitcoin’s rally to a staggering $102K. Data from CoinMarketCap implies that we might be on the cusp of another thrilling altcoin surge – akin to the one witnessed in the early days of December 2024. Meme coins, in particular, have been catching investors’ eyes, with an impressive 30.67% increase in trading volume over the last week. This indicates a bullish sentiment brewing in the altcoin market, with emergent meme coins and utility tokens projected to yield substantial returns. Nevertheless, sifting through the sea of available…
Let’s delve into a fascinating development in the world of cryptocurrency regulation. Earlier this week, Coinbase, an esteemed crypto exchange based in the United States, made substantial headway in its ongoing legal tussle with the Securities and Exchange Commission (SEC). The highly acclaimed company managed to secure a rare interlocutory appeal, which was granted by Judge Katherine Polk Failla of the Southern District of New York. Through this, Coinbase can now robustly challenge SEC’s allegations revolving around the firm’s operations as an “unregistered exchange and broker-dealer”. Moreover, it can contest claims about the illicit sale of unregistered securities via its…
In the dynamic world of cryptocurrencies, global firm Finances Zippy, rooted in the United Arab Emirates, is actively striving to extend its reach into the American market. The firm recently publicized the successful operational commencement of its state-of-the-art 50MW Bitcoin mining apparatus in North Dakota. This development has been a significant breakthrough for Finances Zippy, enhancing its existing hash rate by a remarkable 2.7 exahashes and marking its second decisive stride in American soil. The news of this latest foothold in the cryptocurrency mining industry underscores the firm’s commitment to expanding and advancing in this field. Expanding the Crypto Empire…
With the recent surge in interest around cryptocurrency investments, the Solaxy ($SOLX) presale has become a focal point among many investors. The promising future of this cryptocurrency, paired with recent global shifts such as Donald Trump’s endorsement of cryptocurrencies and the sustained performance of Bitcoin, have put $SOLX in the spotlight. Being the native token of Solaxy, the first Layer-2 blockchain for Solana, $SOLX is already one of the largest presale listings of 2025, having raised over $9.2 million to this point. As we look forward, this token is poised to revolutionize blockchain technology and establish itself within the DeFi…
In an intriguing development on January 7, 2025, Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were noticed having a meal with President-elect Donald Trump at Mar-a-Lago. The news became a hot topic when Garlinghouse and Alderoty both shared a photo with Trump on their social media platforms, gaining substantial attention in no time. The Ripple-Trump Dinner: What was Discussed? Garlinghouse expressed his excitement about the dinner with Trump and Alderoty, hinting at a strong start to 2025. Alderoty, choosing to add a hint of humor to his post, mentioned the high quality of the beef bourguignon they…
As the dawn of 2025 approaches, emerging cryptocurrency ventures find themselves contemplating the immense potential of their rapidly expanding market. Ever wondered whether we’ve reached the zenith of the crypto market yet? Or does it still hide miraculous surprises beneath its wings? Recently, Fidelity, the globally renowned investment behemoth, pointed out that the journey towards universal adoption of crypto has just set its sail. Drawing analogies with digital commodities, the report suggests we’re on the verge of a technological revolution akin to the internet’s integration with mobile phones and wireless technology. Essentially, what Fidelity implies is that the crypto market…
Acclaimed author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki has never shied away from making audacious financial prophecies, and his latest standpoint on Bitcoin’s plunge is no different. Through his social media platform X (formerly known as Twitter), on the 8th of January, Kiyosaki redefined Bitcoin’s recent fall below $100,000 — dropping to $95,000 before stabilizing at $96,000 — as an exceptional investment opportunity than a reason for worry. Kiyosaki’s Strategy: “Purchase at Dips, Hold Firmly” Rather than harboring fears like most investors, Kiyosaki took advantage of the situation and began accumulating Bitcoins. Considering that only 21 million coins will…
When it comes to examining Bitcoin’s price fluctuations, the cryptocurrency’s recent net flow activity on Binance provides key insights. Recently, the BTC Binance netflow has shown a negative trend, which could have significant implications for its price. This article delves into what this recent change could mean for Bitcoin’s future trajectory. An Overview of Binance’s Recent Bitcoin Netflow A CryptoQuant Quicktake post recently highlighted an intriguing development. It focused on the 14-day simple moving average (SMA) of Bitcoin’s Exchange Netflow on Binance, a leading cryptocurrency exchange. The Exchange Netflow is an essential indicator that monitors the net movement of a…