[ad_1] Este artículo también está disponible en español. The Bitcoin price continued its red-hot form over the past week, printing successive all-time highs in less than five days. While Donald Trump’s success at the United States elections might have kickstarted the recent rally, the growth of the premier cryptocurrency — and the general crypto market — seems to have developed a life of its own.Interestingly, the market has been left wondering where the next market top is, with some pundits and commentators believing that the BTC price rally has come to an end. However, a prominent on-chain analytics firm has…
Author: dfrancis36
[ad_1] Solidion Technology, Inc. (NASDAQ: STI), a leading provider of advanced battery materials, has announced a significant strategic allocation of Bitcoin within its corporate treasury. This move positions Solidion alongside other prominent US companies such as MicroStrategy, Tesla, Block (formerly Square), Semler Scientific, Coinbase, Riot Platforms, and Marathon Digital Holdings, all of which have integrated BTC into their treasury strategies. Solidion Makes MicroStrategy-Style Bitcoin Move In a press release dated November 14, 2024, Solidion Technology detailed its decision to allocate a substantial portion of its excess cash reserves to Bitcoin. The company plans to commit 60% of any excess operational…
[ad_1] A lawsuit claiming that Tesla’s Elon Musk rigged Dogecoin to benefit his company has ended. According to reports, investors who initially claimed that Musk manipulated Dogecoin’s price have withdrawn their complaint. Also, the group is withdrawing its bid to sanction Musk’s lawyers for supposedly interfering with the appeal, including canceling a request to cover their legal fees. The lawsuit alleged that Tesla and Musk influenced Dogecoin’s price through social media posts and public statements. They highlighted Musk’s appearance on Saturday Night Live in 2021, arguing that the Tesla owner made remarks influencing the token’s price, allowing him to profit…
[ad_1] According to the latest on-chain data, the Bitcoin Network Value to Transactions (NVT) Golden Cross has fallen into a crucial region. What could this mean for the price of the premier cryptocurrency? What Does The Falling NVT Golden Cross Mean For Price? In a recent Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Burakkesmeci revealed that the price of Bitcoin might have reached a “local bottom.” This exciting prognosis is based on the latest movement by the “NVT Golden Cross” metric. For context, the “Network Value to Transactions” ratio is an on-chain indicator that estimates the…
[ad_1] As Bitcoin once again finds itself in price discovery mode, market watchers and enthusiasts are curious: has retail FOMO set in yet, or is the retail surge we’ve seen in past bull cycles still on the horizon? Using data from active addresses, historical cycles, and various market indicators, we’ll examine where the Bitcoin market currently stands and what it might signal about the near future.Rising InterestOne of the most direct signs of retail interest is the number of new Bitcoin addresses created. Historically, sharp increases in new addresses have often marked the beginning of a bull run as new…
[ad_1] Este artículo también está disponible en español. While Bitcoin has faced strong bullish momentum in recent weeks, achieving new all-time highs consistently for days, Ethereum has been an underperformer, unable to catch up with BTC’s bullish pace. Even compared to other crypto assets (altcoins) in the market, Ethereum has failed to make a major rally that melts faces. Instead, as Bitcoin achieved a peak above $93,000, leading the overall crypto market in a bullish market, Ethereum has only been able to surge to just $3,396 over the same period BTC broke multiple resistances to achieve consistent new highs. Related…
[ad_1] The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong Kong’s central bank, alerted the public today to be wary of two digital asset firms accused of falsely portraying themselves as banks. According to the regulator, such misrepresentation may breach Hong Kong’s Banking Ordinance, which governs the region’s banking sector. For the uninitiated, the Banking Ordinance…
[ad_1] Bitcoin has entered price discovery after repeatedly breaking all-time highs over the past week. The price surged an impressive 38% in under ten days, highlighting the overwhelming bullish momentum that has captivated the market. BTC is consolidating below the $93,400 mark as traders and investors anticipate its next move. Key data from CryptoQuant reveals an interesting trend: BTC miners, including a miner from the Satoshi era, have started selling significant amounts of BTC. Notably, 2,000 BTC were moved, with a portion sent to exchanges, signaling active profit-taking among miners. This behavior suggests that while demand remains strong, the increasing…
[ad_1] A widely followed cryptocurrency analyst and trader is turning bullish on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. The analyst pseudonymously known as Bluntz tells his 290,300 followers on social media platform X that the memecoin Pepe (PEPE) could soar more than 28% from its current value. The analyst practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave upside move after completing an ABC move down. “PEPE has now done a nice five up from the lows on low timeframes and the pullback from the highs was also a clear three-wave…
[ad_1] A 20-year-old Singaporean, Malone Lam, has requested a “speedy trial” in a US court, following charges of stealing roughly $230 million in cryptocurrency. Lam appeared before a judge in Washington, D.C., to discuss evidence disclosure during the pre-trial proceedings. Along with his alleged accomplice, Jeandiel Serrano, Lam is accused of using sophisticated social engineering tactics to deceive a crypto investor and gain unauthorized access to over 4,100 Bitcoin. US prosecutors have narrated the incident as one of the “largest crypto thefts involving a private individual in US history.” Lam was arrested at Hartsfield-Jackson Atlanta International Airport earlier this year…