Recently, Euro Pacific Asset Management founder Peter Schiff issued a stark warning about Bitcoin, labeling it as the “ultimate asset bubble.” This caution came at a time when the price of Bitcoin was soaring, surpassing $61,500. Despite his warning, just four days later, the price of BTC climbed even higher, now trading above $65,000. Criticism
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Despite recent gains of 20% in a week, Ripple’s XRP still lags behind Bitcoin and other altcoins. However, top analysts such as Dark Defender and Alex Cobb believe that a bull run could be imminent for XRP. Dark Defender pointed out that XRP has been hovering around the Fibonacci level of $0.64 and indicators like
Crypto enthusiasts who are eagerly awaiting the launch of an Ethereum spot ETF may need to temper their expectations, according to Bloomberg ETF analyst Eric Balchunas. While Bitcoin spot ETFs have seen tremendous success in the United States, with over $7 billion in net flows since their launch, Balchunas believes that an Ethereum ETF launch
Bitcoin (BTC) has reached a new all-time high (ATH) against the euro (EUR) and the British pound (GBP) after surging past the $65,000 price level. TradingView data indicates that BTC approached 61,000 EUR for the first time on Monday morning, marking a 7% increase over the past 24 hours. This milestone comes as Bitcoin continues
Bitcoin prices soared to a remarkable $65,500 in early trading on March 4, showcasing an impressive rally. This surge has propelled the cryptocurrency to its highest price level since November 2021, positioning it just 5% below its all-time high recorded in the same month. Notably, BTC has witnessed an astounding increase of over 300% from
In recent bull markets, niche asset classes within the cryptocurrency industry have emerged as major players. The last bull market, which abruptly ended in 2022, was dominated by NFTs and meme coins. With experts suggesting that the cryptocurrency market has entered a new bull cycle, thanks to recent price surges, there is speculation about what
The recent surge in Bitcoin’s price, exceeding $62,000, has caught the attention of both enthusiasts and skeptics alike. This rapid increase has sparked speculations about the potential beginning of a major bull run in the cryptocurrency market. One key factor that could contribute to the continuation of Bitcoin’s upward trajectory is the upcoming Bitcoin halving
As Bitcoin (BTC) surged past the $64,000 mark, some on-chain indicators are starting to suggest that the leading cryptocurrency may be overheating. Market intelligence firm CryptoQuant’s weekly report highlights the rising traders’ unrealized profit margin and the expensive cost of opening new long positions in perpetual futures markets as key indicators of a possible pause
In a week where Bitcoin has experienced some stagnation and minor retracements, meme coins have taken the spotlight with staggering gains. One such example is Dogwifhat (WIF), which has soared in value, capturing the attention of investors. The overall crypto market cap has seen a slight dip on a daily scale, but the past seven
Marathon Digital, a prominent Bitcoin mining company based in the United States, has recently released its quarterly earnings report, surpassing analyst expectations by a considerable margin. Despite the positive news, the company’s stock price experienced a temporary dip following the announcement. This minor setback, however, is unlikely to overshadow the significant achievements of Marathon Digital
