Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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BitcoinHow High Can Bitcoin Go Before A Top? Analyst Chimes In
An analyst has explained how the Bitcoin rally could still have room to run before hitting a top based on the data of this indicator. Bitcoin Macro Oscillator Isn’t At Historical Top Zone Yet In a new post on X, analyst Willy Woo has discussed the recent trend developing in the Bitcoin Macro Oscillator (BMO). This indicator combines four different metrics to provide an oscillating value around the zero mark. The indicators in question are the market Value to Realized…
1 year ago
Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices
Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle. Crypto Market Has Began “Macro Bullish Expansion” TechDev mentioned in an X (formerly Twitter) post that “the entire crypto market has just begun its first macro bullish expansion in three and a half years.” The analyst shared a bi-monthly chart…
1 year ago
Bitcoin (BTC) comes down to support – bounce loading
After being rejected from $72,000 just over a week ago, the $BTC price has come down to test support at $67,000. A bounce here, or perhaps a bit lower at $66,000, could be the next move for bitcoin. $BTC at strong support Source: Coingecko/TradingView In the daily chart above, the $BTC price is still meandering along inside the bull flag, although within the bull flag some levels of support have developed. If $BTC can stay above these supports the likelihood…
1 year ago
Using Bitcoin to Prevent Online Casino Scams
Crypto gambling has become extremely popular in the last couple of years. Logically, the most popular crypto for gambling is Bitcoin. People like to use this digital currency for various reasons, one of which is certainly safety. The overall gaming industry, especially in the Philippines, is mostly regulated and safe. Yet, there is no place for relaxation. Each individual has the chance to become a victim of a scam. On this page, we will highlight the safety reasons for using…
1 year ago
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BitcoinFrom Yen to Bitcoin: Metaplanet Invests ¥250 Million More, Shares Skyrocket
Japan-based Metaplanet has announced an additional ¥250 million Bitcoin purchase, significantly increasing its holdings and reinforcing its aggressive Bitcoin acquisition strategy. Metaplanet To Buy More BTC Japan-based Metaplanet has announced plans to purchase an additional ¥250 million (approximately $1.6 million) worth of Bitcoin. The company tweeted, “Metaplanet directors authorize [the] purchase of [an] additional ¥250 million of $BTC.” This move, approved by the board, marks another significant step in Metaplanet’s aggressive Bitcoin acquisition strategy. Upon completion, this purchase will significantly…
1 year ago
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BitcoinDon’t miss this Bitcoin train
Bitcoin is still gathering strength ready for the next move, and this is arguably more likely to be further gains to the upside. It could be more risky to be out of bitcoin than in bitcoin, as the upcoming price surge might promise to be the most prolific yet. More to come from bitcoin Investors still sitting on the sidelines could be looking at bitcoin with a view to jumping aboard before the next train sets off. However, they might…
1 year ago
Is The Ethereum ETF Approval Good For Bitcoin and KangaMoon?
Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies by market cap, which have been the benchmarks in regards to market performance. Typically, their price movements have affected the broader crypto space, where many altcoins saw an upswing the moment in time when BTC and ETH did. However, the recent Ethereum ETF approval has been a major point of appeal, and now, many are curious if this can be good news not only for BTC but for the KangaMoon…
1 year ago
Gold or Bitcoin: What is the Future of Mining?
Bitcoin is challenging the age-old allure of gold. As these two titans of value vie for dominance, the future of mining both assets stands at a crossroads. Gold, with its long history, symbolizes traditional wealth. Bitcoin, on the other hand, represents the forefront of digital innovation. Gold vs Bitcoin: Which Is Better Now? Gold mining has stood the test of time. For centuries, it has been a symbol of wealth and stability. The process of extracting gold from the earth…
1 year ago
“BREAKING: BlackRock Integrates Bitcoin ETF into Key Fund, Boosting Bitcoin Adoption by Offering It to Millions of Clients Globally”
BlackRock has incorporated its iShares Bitcoin Trust ETF into its Strategic Income Opportunities and Global Bond Funds. This move signifies a significant push toward mainstream Bitcoin adoption by making it accessible to a broader client base globally. BlackRock, a prominent asset management company, has broadened its investment strategy by integrating shares of its Bitcoin ETF, the iShares Bitcoin Trust (IBIT), into its Strategic Income Opportunities Fund and Strategic Global Bond Fund. With initial investments of $3.56 million and $485,000 respectively,…
1 year ago