During an interview with Yahoo Finance’s “Wealth,” Ric Edelman made a compelling prediction regarding the price of Bitcoin. According to Edelman, Bitcoin’s price could potentially skyrocket to $420,000 in the near future. He attributes this projected surge to a modest global asset allocation towards Bitcoin. Edelman also discussed the advantages of investing in Spot Bitcoin
A recent analysis by Crypto.News has shed light on a crypto investor, referred to as the “King Shrimp,” who has significantly increased their holdings in the Mollars token presale. This individual’s buying behavior, particularly in the cryptocurrency market, has positioned them as one of the largest holders of this upcoming store-of-value token on the Ethereum
Recently, amidst a decline in Bitcoin’s price and the overall cryptocurrency market, well-known cryptocurrency analyst Titan of Crypto has brought attention to the $61,500 price level as a critical threshold to monitor for the largest cryptocurrency. It is believed that this particular level could serve as a turning point for Bitcoin, potentially influencing its future
The Ethereum (ETH) options market for June is currently showing a significant interest in higher strike prices, particularly focusing on levels exceeding $3,600. Traders are placing concentrated bets on calls that surpass this price, signaling a bullish sentiment towards Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is a bold $6,500.
The crypto market is experiencing an interesting trend today as meme coin FLOKI defies the odds with an 8.8% rally in the last 24 hours. Inspired by Elon Musk’s pet Shiba Inu, FLOKI has shown significant growth over the past year, with a 430% increase in value. This surge comes at a time when many
Deutsche Bank has recently made headlines with its increased involvement in digital assets and tokenization by participating in the Monetary Authority of Singapore’s Project Guardian. This innovative initiative aims to test asset tokenization applications in a regulated environment, focusing on their viability and potential integration within financial markets. Joining forces with Memento Blockchain and Interop
On Monday, May 13, the spot Bitcoin and Ethereum ETFs in Hong Kong experienced a significant outflow of $39.3 million, marking the highest total outflow since their launch on the Hong Kong Stock Exchange on May 2. Specifically, funds from issuers Bosera, China Asset Management, and Harvest collectively lost $32.7 million in Bitcoin, while Ethereum
Two US lawmakers, Senators Cynthia Lummis and Ron Wyden, have recently taken a stand against the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argue that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. The Senators emphasized that such an expansive interpretation contradicts both the clear
Amidst the market turbulence and uncertainty surrounding Bitcoin’s future, cryptocurrency analyst and trader, Crypto Jelle, remains optimistic about the digital currency’s trajectory. Despite the recent consolidation phase, Jelle believes that Bitcoin’s bull run is far from over and foresees the potential for further price rallies in the coming months. Following the fourth Bitcoin Halving event,
As crypto analyst Ali Martinez has pointed out, Bitcoin’s journey to $76,000 is contingent upon its ability to reclaim key support levels. Martinez emphasizes the importance of Bitcoin reclaiming $64,290 as support in order to pave the way for a potential rise to $76,610. Failure to surpass this crucial level could spell trouble for the
