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…
Strategy
Bitcoin Miner Bitfarms Counters Riot Platform’s Takeover Bid with “Poison Pill” Strategy
Bitcoin mining firm Bitfarms has implemented a shareholder rights plan to protect its shareholders’ interests amidst an unsolicited takeover bid from another Bitcoin miner—Riot Platforms. This move follows Riot Platforms’ increased stake in Bitfarms and their offer to acquire all outstanding shares. Bitfarms’ Strategic Defense Amid Hostile Takeover Attempts Bitfarms’ strategy, known as a “poison pill,” aims to prevent hostile takeovers by making such deals prohibitively expensive for the acquirer. This tactic ensures Bitfarms can continue its strategic review process…
12 months ago
Hedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail?
Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates. Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze to print once this line is breached. Hedge Funds Are Short Selling Bitcoin Futures: Will This Strategy Backfire? Amid this slip, one analyst on X…
12 months ago
CryptoHeap Reveals Crypto Staking Strategy to Maximize Yield
Amid the ongoing bull run, CryptoHeap, a crypto staking platform, has introduced a strategic blueprint to maximize staking success. This initiative seeks to leverage current market conditions to offer users a comprehensive framework for staking, integrating advanced risk management tools and customized staking strategies. New Crypto Staking Strategy Salvage Warwick, spokesperson for CryptoHeap, outlined the rationale behind this new approach. He mentioned that the blueprint includes a combination of technological enhancements, educational initiatives, and community engagement efforts to support stakers.…
1 year ago
Elon Musk To Advise Donald Trump On Crypto Strategy During Election Campaign
Elon Musk is reportedly set to advise Donald Trump on cryptocurrency policy during his election campaign to help widen his voter base and attract digital asset enthusiasts. Musk’s involvement could help reshape political dialogue, influence tech policy, and integrate crypto advocacy into Trump’s campaign. Elon Musk To Advise Trump Election Campaign According to several reports, discussions between Trump and Musk representatives are ongoing, with campaign strategists also contemplating inviting Musk to speak at the Republican convention. However, sources close to…
1 year ago
BluestoneMining’s New Strategy for Altcoin Investors
The post BluestoneMining’s New Strategy for Altcoin Investors appeared first on Coinpedia Fintech News As times change, people’s attitudes towards energy have also changed. They rely on recycling renewable energy such as solar and wind energy to provide fuel for their new energy cloud mining operations, thereby significantly reducing mining costs and integrating remaining resources. Electricity is integrated into the grid. Not only does it save a lot of energy consumption, it also generates high profits, allowing investors to see…
1 year ago
Essential Crypto Strategy To Make $100k This Summer Only From $1000 – Crypto Expert Picks
Making $100k from just $1000 in crypto may seem impossible, but it isn't. With a detailed strategy and the right picks, significant returns are achievable this summer. The current market conditions offer a rare opportunity. This article will explore key methods and expert recommendations designed to maximize investment gains quickly. Readers should prepare to dive into actionable insights that can potentially transform a small sum into a substantial profit within a few months. BlastUP Presale: A Beacon of Predictability in…
1 year ago
Crypto Trader Nets 1,197x Gain on $WIF: A 1,000x Winner’s Strategy
The post Crypto Trader Nets 1,197x Gain on $WIF: A 1,000x Winner’s Strategy appeared first on Coinpedia Fintech News Every time $WIF goes up, this 1,000x winner sells part of his holdings for a profit. He initially spent just $5,879 to buy 6.1M $WIF (now worth $23.7M) on December 8, 2023, and has since sold 4.7M $WIF for $1.57M. He still holds 1.4M $WIF, currently valued at $5.47M. His profit on $WIF is approximately $7M, a staggering gain of 1,197x!…
1 year ago
Sell, Buy, or Hold? Here’s the Best Strategy to Follow Post Ethereum ETF Approval
The post Sell, Buy, or Hold? Here’s the Best Strategy to Follow Post Ethereum ETF Approval appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has greenlit eight Ethereum exchange-traded funds (ETFs), stirring excitement in the crypto community. But Ethereum’s price took a bumpy ride post-approval, dropping from $3,880 to $3,632, showcasing its typical volatility. This echoes Bitcoin’s past behavior, where dips often preceded big gains. What’s the story for Ethereum from here on? Read to…
1 year ago
Bitcoin Dips But Wells Fargo Bets Big: A Dive into Their ETF Strategy
Wells Fargo’s disclosure of a sizable investment in Bitcoin ETFs suggests that institutional interest in cryptocurrencies is strong. The price of Bitcoin has recently dropped, according to data, even as institutional investments in the space increase. The third-biggest bank in the US, Wells Fargo, has just revealed how heavily it is involved in the cryptocurrency market, namely through Bitcoin Exchange-Traded Funds (ETFs), which was echoed by popular crypto trader Ash Crypto. A current filing with the U.S. Securities and Exchange…
1 year ago