TLDR Some analysts predict Bitcoin could reach $110,000 to $220,000 in its next major rally. Concerns exist about Bitcoin forming a pattern of “lower highs and lower lows” on price charts. The end of miner capitulation periods following Bitcoin halvings has historically preceded significant price increases. Bitcoin recently reclaimed the short-term holder (STH) realized price,…
Bitcoin briefly touched $66,000 as it continued its recovery after a rough couple of weeks. Despite this bounce-off, data reveals that certain investors are still reluctant to come back as they seem to believe “the March ATH was as good as it’s going to get in 2024.” Interestingly, Santiment suggests the potential for a rebound…
TLDR Vitalik Buterin warns against choosing political allegiances solely based on a candidate’s ‘pro-crypto’ stance. He emphasizes the importance of broader technological freedoms and underlying values that inspired the crypto movement. Buterin argues that focus on ‘pro-crypto’ stances risks undermining the broader cypherpunk values. He cautions against supporting politicians who are ‘pro-crypto’ but fail to…
TLDR Former Ethereum developer Virgil Griffith’s prison sentence has been reduced by 7 months. Griffith was originally sentenced to 63 months for violating US sanctions on North Korea. A federal judge agreed to reduce his sentence to 56 months, effective August 2. Griffith pleaded guilty in 2021 to charges related to a 2019 cryptocurrency conference…
TL;DR The price of Shiba Inu (SHIB) surged substantially lately, but dropped 4.5% in the past 24 hours, with active Shibarium accounts and daily transactions significantly plunging. The broader meme coin market also saw declines, though some metrics suggest a potential SHIB resurgence due to reduced selling pressure. Losing Momentum The second-largest meme coin in…
TLDR DeFi Technologies’ stock surged over 25% after reporting $14.1 million in Q3 profits from crypto trading. The company has generated approximately $105 million in revenue in 2024 with about $10 million in annual costs. DeFi Technologies plans to continue adding Bitcoin to its balance sheet as part of its treasury strategy. The company’s subsidiary,…
XRP rallied hard after bulls returned in force at the 40 cents support. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Relief Rally in Progress XRP is up an impressive 30% on the weekly chart after an unexpected rally that took the market by surprise. Buyers came in strong at the 40 cents support,…
TLDR A Nigerian court has issued an arrest warrant for a prison doctor who failed to produce medical reports for detained Binance executive Tigran Gambaryan. Gambaryan appeared in court in a wheelchair, complaining of back pain and deteriorating health. The judge ordered Gambaryan to be taken to a hospital for a 24-hour medical checkup under…
Bitcoin’s price hit a multi-week peak at $66,000 yesterday, but the bears were quick to intercept the move and pushed the asset south by over a grand. The altcoins are also in the red today, with SHIB, XRP, and XLM popping out as the biggest losers on a daily scale. BTC Can’t Go Above $66K…
TLDR Mark Cuban suggests Silicon Valley’s support for Trump is driven by potential Bitcoin gains. Cuban argues Trump’s policies could boost Bitcoin’s value through inflation and geopolitical uncertainty. Trump has positioned himself as crypto-friendly and plans to speak at the Bitcoin Conference. Several tech leaders and crypto entrepreneurs have recently backed Trump’s campaign. Cuban predicts…