[ad_1] Real Vision’s chief crypto analyst Jamie Coutts is saying that a major Bitcoin (BTC) metric is flashing a bullish signal. Coutts says that the number of active Bitcoin addresses is rising after a downtrend that lasted for eleven months. According to Coutts, the number of active Bitcoin addresses as a predictive tool remains “one of the most significant base-level on-chain metrics.” The Real Vision cryptocurrency analyst further says that Bitcoin could surge to between $147,600 and $184,500 this cycle. “While I anticipate Bitcoin reaching 2x to 2.5x its all-time high this cycle, a corresponding breakout in base chain active…
Author: dfrancis36
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] The cryptocurrency market is no stranger to explosive price rallies, and Shiba Inu (SHIB) famously delivered one of the most remarkable in 2021, skyrocketing by over 8,000%. Now, analysts are pointing to a new player flashing similar buy signals. In its presale stages, this SHIB rival is generating excitement with projections of significant gains. Investors are drawing parallels between the new altcoin’s current trajectory and SHIB’s historic surge, positioning it as a potentially game-changing opportunity. The 2021 Shiba Inu Price Rally and New Buy Signals Shiba Inu made headlines in October 2021, reaching an all-time high of $0.0000885 after…
[ad_1] Este artículo también está disponible en español. Worldcoin, the crypto project co-founded by OpenAI’s CEO Sam Altman, recently saw its token’s price drop over 6% following Alameda Research’s continued sales. Some analysts believe WLD’s price could continue to move sideways before recovering its bullish momentum. Related Reading Alameda Goes On A Worldcoin Sell-off On-chain data analysis firm SpotOnChain revealed that Alameda Research has sent part of its WLD holdings to crypto exchanges for the past two months. The report shared that, since early August, FTX’s sister company has transferred 1.56 million WLD tokens to Binance. The firm has sent…
[ad_1] Ripple announced the launch of new crypto custody services on Thursday (today). These services are designed to assist banks and financial technology firms in storing digital assets for their clients. However, this diversification effort comes amid challenges for XRP, as the US Securities and Exchange Commission recently announced plans to appeal a ruling that deemed the token not a security in retail sales. Ripple continues to dispute the SEC’s allegations regarding its XRP sales.Custody Division for Digital AssetsThe introduction of these features comes as part of Ripple’s expansion into custody services through its newly established division, Ripple Custody. Ripple’s…
[ad_1] Lately, the price of Bitcoin has been fluctuating due to overall market turbulence, causing broader fear and uncertainty within the general crypto landscape. Considering the current trend of several indicators, the digital asset could be poised for more volatility in the upcoming days. Bitcoin’s Price Set To Experience High Volatility Shortly As Bitcoin approaches crucial levels that could abrupt price swings, its potential for high volatility is growing as cited by Alphractal, an advanced platform for investment data analysis. The platform warns that BTC might encounter high volatility in the near future, leading to huge liquidations that will inflict…
[ad_1] A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) while offering his outlook on three altcoins. The analyst pseudonymously known as Sherpa tells his 224,200 followers on the social media platform X that Bitcoin is experiencing “extremely tight” price compression as evidenced by the convergence of the 25-period, 55-period, 100-period and the 200-period exponential moving averages on the daily chart. The pseudonymous analyst says, “Big move coming, probably to the upside.” Source: Altcoin Sherpa/X Bitcoin is trading at $62,150 at time of writing. Next up is layer-1 altcoin Sui (SUI). According to Sherpa, Sui has…
[ad_1] Este artículo también está disponible en español. In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs (ATH) in 2024. First, he pointed to November’s upcoming U.S. presidential elections, which could influence BTC’s future price trajectory. According to Hougan, anything other than a Democratic sweep would benefit the top cryptocurrency by market cap. Related Reading In the memo, Hougan explained that…
[ad_1] Iris Energy Limited, the publicly-listed Wall Street Bitcoin (BTC) mining company (NASDAQ: IREN) that recently pivoted to promoting itself as a high-performance computing (HPC) data center operator, is facing a class action lawsuit alleging it misrepresented its capabilities and prospects to investors.The lawsuit, filed in the United States District Court for the Eastern District of New York, claims that Iris Energy and its executives made false and misleading statements about the company’s ability to transition its facilities from bitcoin mining to HPC and artificial intelligence applications.According to the complaint, Iris Energy’s Childress, Texas facility, which the company touted as…
[ad_1] The Irish Criminal Assets Bureau (CAB) is facing significant challenges in accessing €350 million or approximately $383 million in Bitcoin (BTC) seized from a former drug dealer. The cryptocurrency, currently stored in 12 separate wallets, has become a point of contention for the Irish agency, which has been unable to unlock the assets for over five years since the initial seizure. Seized Bitcoin Remains Locked Away According to local media reports, the Bitcoin was confiscated from Clifton Collins, a 53-year-old former beekeeper from Dublin, who was involved in a “large-scale” cannabis operation. Collins managed to evade the attention of…