Bitcoin’s price action lately has shown a pattern that in the past has indicated more upside. The bullish engulfing pattern since January 2021, for example, has formed 19 times. In 78% of those cases, it’s pushed prices to new local record highs. That uncommon technical indicator, along with positive bullish...
Bitcoin has shown spectacular bullishness, recapturing its 50-day Exponential Moving Average (EMA) and cruising above $105,000. This renewal, along with some other extremely bullish market signals, indicates we’re setting up for a powerful rally toward $120,000+. Analysts cite historical usage trends and the demand picture as major factors fueling this...
Philippe Laffont, the founder of hedge fund Coatue, anticipates that Bitcoin's market value has the potential to surge to $5 trillion. The above projection would mean a 134% increase from its current market cap of about $2.1 trillion.Laffont believes it’s realistic for Bitcoin to eventually account for 1% – 2%...
Crypto prices were up big time on Tuesday after Iran and Israel announced a ceasefire in their long-standing rivalry. Geopolitical tensions are further receding, but that too has a buoying effect. At the same time, positive regulatory developments in the US underpin risk-on sentiment across markets. Bitcoin, Ethereum, XRP Bitcoin,...
Anthony Pompliano was an early investor in Facebook, and has invested in over 300 private companies. Now, he’s seeking to cause a ruckus in the broader financial sector through ProCap BTC, his “bitcoin-native” financial services firm. ProCap BTC is currently in the process of merging with Columbus Circle Capital Corp....
Although Bitcoin may be a relatively new asset class, its volatility was in full display this weekend. It blasted past $101,000 after recovering from overnight losses that had stemmed from increasing conflict in the Middle East. The cryptocurrency recovered late Sunday. Once the market’s immediate shocked reaction to these events...
Bitcoin has been hit hard over the weekend, dropping below the $99,000 threshold to its lowest price since late last month. Making matters worse, the dip landed right when tensions in the Middle East flared dangerously. This along with inflation fears coming back into play caused a massive selloff across...
The cryptocurrency market experienced a significant downturn as geopolitical tensions in the Middle East and looming economic decisions triggered a wave of selling. Bitcoin briefly dropped below the $60,000 mark, and Ethereum, XRP and other major cryptocurrencies tanked. The total market capitalization of all cryptocurrencies has lost over $250 billion...
Related Semler Scientific hires Joe Burnett as director of bitcoin strategy He is widely recognized as a leader within the Bitcoin and traditional financial markets. This move underscores Semler Scientific's commitment to expanding its Bitcoin treasury and leveraging Burnett's expertise in monetary policy, markets, and Bitcoin. Burnett’s prior experience includes...
A hacking group named Gonjeshke Darande, or “Predatory Sparrow” in Farsi, recently took credit for a successful cyberattack. Their aim was directed at Nobitex, Iran’s biggest cryptocurrency exchange. The group obnoxiously and braggingly asserted that it hacked $90 million+. They funneled most of the money to addresses that included language...
