In the fast-paced world of cryptocurrency markets, it is crucial for analysts and investors to grasp the factors that impact price action. One prominent figure in the cryptocurrency space, Ali Martinez, has recently shed light on the fluctuations in Bitcoin’s price through the lens of basic economic theory – supply and demand. It is a
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Recently, Crypto analyst Crypto Jebb brought attention to an inverse heads and shoulders pattern that had emerged on the Bitcoin chart. This pattern is seen as a bullish indicator that could potentially lead to another rally for the leading cryptocurrency. According to Jebb, this pattern has the potential to push Bitcoin’s price to $100,000, a
Oklahoma made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin. This move was solidified through the signing of a new bill by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill – HB3594. The legislation aims to ensure that residents of Oklahoma have the
The cryptocurrency market saw a green day on May 17, with various leading digital assets experiencing significant gains. However, the meme coin sector did not mirror this bullish trend, aside from a few exceptions. One such exception was Doland Tremp (TREMP), which saw a staggering 60% increase in the past 24 hours, reaching a new
France’s Autorité des Marchés Financiers (AMF) recently issued a warning to French crypto investors regarding Bybit, a popular digital asset trading platform. According to the notice released on May 16, the AMF emphasized that Bybit is not a registered platform in the country. The financial regulator urged retail investors to exercise caution when considering investment
Since the historic Merge upgrade on Ethereum over 19 months ago, the data is crystal clear – Ether (ETH) has been struggling to keep up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low recently at 0.044, indicating that Ether’s market dominance against Bitcoin has been steadily decreasing. Many Ethereum bulls had high
The US Treasury Department has laid out a comprehensive plan to tackle the risks posed by cryptocurrencies and other emerging technologies in its 2024 National Strategy for Combating Terrorist and Other Illicit Financing. The strategy aims to address the evolving threat environment where criminal organizations are increasingly using digital assets for illegal activities such as
Bitcoin’s recent surge above $66,000 has caught the attention of investors and analysts alike. Several factors are believed to have contributed to this price rally, with one significant factor being the release of the Consumer Price Index (CPI) inflation data. The CPI data, announced on May 15, showed a lower-than-expected increase in inflation, indicating a
The recent resurgence of interest in meme coins, spurred on by Roaring Kitty’s return, has led to a surge in the value of Wall Street Pepe. The community’s enthusiasm, fueled by ‘Wolf of Wall Street’ inspired Pepe memes, drove the price to an all-time high before a sudden crash ensued. With Wall Street Pepe currently
Recently, Ethereum (ETH) has been showing signs of a potential rebound, catching the attention of analysts. One analyst in particular, Ali, has pointed out a significant technical signal that indicates a price surge may be on the horizon. Ali’s analysis of the TD Sequential indicator on Ethereum’s daily chart has revealed a strong buy signal.
