Author: finance
In the swirling universe of cryptocurrency investment, the buzz is all about Markus Thielen of 10x Research’s prediction of Bitcoin ($BTC) reaching a staggering $122K by February. This would represent a substantial boost of roughly 15% from its current price of $105K. Thielen identifies a bullish wedge pattern on the $BTC graph, implying a low-risk entry point for potential investors. Bitfinex also underscores how $BTC has shown remarkable resilience when compared to traditional equities. Benefiting from spot buying pressure, $BTC surged from $89K to $107K just last week. As history has shown, when $BTC rises, altcoins usually follow suit -…
In the beginning of 2024, the cryptocurrency world saw the rise of Dogecoin (DOGE), an original meme coin, initiating its journey at a meager trading price of $0.09206. The pro-crypto sentiment of the elected President Donald Trump in November sparked a wider bull run in the cryptocurrency market, catapulting DOGE to end the year at a commendable $0.32409, a substantial return of 252.04%. Dogecoin’s Performance and Growth in the Market Gradually building on these gains, DOGE has witnessed a further price increase of 10.87% since the onset of 2025. As of the current update, DOGE is valued at $0.36191, although…
The world’s largest cryptocurrency, Bitcoin, continues to pique investors’ interest, primarily due to favourable macroeconomic and market conditions. This persistent interest from investors reflects their confidence in Bitcoin’s long-term potential, which could predict a future rise in price. Bitcoin’s Demand Continually Fuelled by Big-time Investors Santiment, a top-notch data analytics platform, has noted continuous bullish behaviour among large Bitcoin investors and traders, especially in light of recent political changes. The platform observed that these so-called ‘whales’ and ‘sharks’ have been accumulating Bitcoin at a significant rate, implying an outlook of optimism and enhanced demand. Santiment’s data shows that over the…
In the captivating world of blockchain technology and cryptocurrencies, an exhilarating development is unfolding. President Donald Trump has resumed his commanding presence at the helm of the United States and seems determined to empower the nation’s cryptocurrency sector. Just a day after resuming office, the commanding administration has rolled out an innovative task force to alleviate crypto regulations. The new task force comprises of the freshly appointed US Securities Exchange Commission (SEC) Commissioner, Hester Peirce, and the acting Chair, Mark Uyeda. As the revamped SEC team embarks on a mission to revitalize the US crypto market, the cryptocurrency world is…
The U.S. Securities and Exchange Commission (SEC) issued a statement on February 21st unveiling its initiative to establish a dedicated team tasked with creating a clear, all-embracing framework for cryptomarket regulation. Through this specialized team, the SEC aims to dispel existing ambiguity around cryptocurrency regulation and elevate both investor protection and the overall integrity of the market. Priority Issues for the Special Team To date, the SEC’s efforts have relied heavily on legal interpretations based on existing federal securities law and sporadic enforcement. This approach has left cryptocurrency operators without the clarity they need regarding registration requirements and pragmatic guidelines,…
As the sun set on the second day of his second term as the US President, Donald J. Trump surprised many with an absolute pardon for a renowned figure from Bitcoin’s embryonic days – Ross William Ulbricht. Ulbricht, the erstwhile operator of the now-defunct Silk Road marketplace, had become a symbol for the crypto community, his life sentences seen as excessive punishment for a nonviolent, first-time offender. The pardon sparked jubilant reactions among supporters who had long rallied for his cause. Trump took to his favored social media platform, Truth Social, to proclaim: “It was my privilege to sign a…
The infamous economist and prominent Bitcoin doubter, Peter Schiff, didn’t waste time expressing his skeptical views on social media following the introduction of a collection of meme coins by the Trump clan. His bold assertion was that the leading digital currency, Bitcoin, was no better than these playful tokens. Peter Schiff’s Assertion Schiff, well-known for his economic expertise, pointed out the origin of his assertion through a social media post. He was inspired by Anthony Pompliano’s appearance on a CNBC interview, where he noticed Pompliano, a finance manager, had a difficult time elucidating the true essence of meme coins. Schiff…
Stepping into the realm of the ever-evolving landscape of cryptocurrency, one cannot overlook the buzz generated by the DAO (Decentralized Autonomous Organization) tokens such as Lido DAO ($LDO) and Aave ($AAVE). These tokens have been the latest interests of whales or heavyweight investors in the crypto sphere. A short while back, a crypto whale invested in a whopping 2.72M $LDO, pushing their total holdings to 5.565M tokens. The current value of each token is around $1.90, making this purchase worth approximately $10.5M. This development prompted a hike in $LDO by 8%, touching $1.96. But, it later settled back at $1.90.…
As we step into a future where cryptocurrencies continue to gain momentum, the potential for Ethereum ETF staking remains high according to Joe Lubin, Ethereum co-founder. Taking into consideration the new leadership at the SEC under Paul Atkins, who is expected to be a positive force for the U.S. crypto industry, it is likely that Ethereum ETF staking could be the first move towards integrating cryptocurrencies more completely into the American financial landscape. In the previous year, the approval of Ethereum ETFs led to a rise in cumulative inflows of $2.7 billion. Currently, 33.7 million Ethereum (equivalent to $113 billion…
In the world of cryptocurrency, one of the key indicators of Bitcoin’s performance is the hashrate, which illustrates the total computational power deployed by miners. Despite a significant uptick in miner revenue recently, the Bitcoin hashrate has hit the pause button on its continuous uptrend. Understanding the dynamics of these elements provides great insight into the cryptocurrency market’s current status and future potential. Rising Bitcoin Miner Revenue Renowned cryptocurrency analyst Axel Adler Jr., in a recent post on CryptoQuant, shed light on the current patterns in Bitcoin’s total miner revenue. The “Total Miner Revenue” encapsulates the cumulative income earned by…