[ad_1] Este artículo también está disponible en español. Large investors seem to be upping their ante; at least, that’s the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice. On the inside, however, is key on-chain data that suggests Bitcoin whale accumulation and the reactivation of dormant wallets may be signs for a super price spike ahead. Bitcoin breaching the $63k level today. Source: Coingecko Related Reading Ki Young Ju, founder of CryptoQuant, pointed to a rise in Bitcoin flowing into custody wallets, typically used by institutional players for safe, long-term…
Author: dfrancis36
[ad_1] As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these trends could offer insights into what might happen next.S&P 500 CorrelationBitcoin and the S&P 500 have historically held a strong correlation, particularly during BTC’s bull cycles and periods of a risk-on sentiment throughout traditional markets. This could phenomenon could potentially come to an end as Bitcoin matures and ‘decouples’ from equities and it’s narrative as a speculative asset. However…
[ad_1] Crypto gaming project Decentraland (MANA) has suffered a security breach, according to blockchain security firm PeckShield. PeckShield says hackers took control of Decentraland’s social media account on X and promoted a fake MANA airdrop. The aim of the scheme was to get people to visit a phishing site that collects details of their digital wallets. In this type of scheme, bad actors can steal their victims’ crypto assets once they get hold of the private keys and other sensitive information. “Decentraland’s X has been compromised. The phishing site is launch-decentraland[.]org. Do *NOT* click the link until further official announcements.”…
[ad_1] Este artículo también está disponible en español. Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency’s largest publicly traded corporate holder. As of September 19, the company reported holding approximately 252,220 Bitcoin, valued at around $15.8 billion. Related…
[ad_1] Given the renewed upward performance of the entire cryptocurrency market following the recent Federal Reserve (Fed) interest rate cut, Bitcoin is witnessing a wave of bullish predictions from crypto experts, with some forecasting that BTC’s final surge for this cycle has officially set in. Bitcoin Might Be Poised For The Last Great Rally Crypto expert and trader Stockmoney Lizards, in a bold statement, has declared that the last cycle pump for Bitcoin has started, signalling the beginning of a fresh and explosive phase for the largest digital asset. In light of the ongoing market rebound, the declaration ignited enthusiasm and hope among investors…
[ad_1] Este artículo también está disponible en español. XRP has shown remarkable resilience recently, maintaining its position above a critical support level, though a significant price move still looms. Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days. Related Reading This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices. Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs. With bullish sentiment rising, the next few days will be…
[ad_1] MicroStrategy CEO Michael Saylor announced on September 20 that it has purchased an additional 7,420 bitcoins for approximately $489 million. The company now holds over 252,000 Bitcoin, acquired for $9.9 billion.BREAKING: MicroStrategy buys another 7,420 #Bitcoin for $458.2 million. pic.twitter.com/4nBm3EUH6M— Bitcoin Magazine (@BitcoinMagazine) September 20, 2024 Since 2020, MicroStrategy has adopted a Bitcoin-focused corporate strategy, taking advantage of Bitcoin’s potential as an inflation hedge and store of value. The company has accumulated over 252,000 bitcoins worth more than $15 billion, substantially increasing shareholder value.MicroStrategy has borrowed money by issuing convertible senior notes to fund its Bitcoin purchases. It recently…
[ad_1] Seasoned trader Peter Brandt is warning that Ethereum’s (ETH) biggest competitor is at risk of a significant correction. Brandt tells his 738,400 followers on the social media platform X that Solana (SOL) could lose a key level of support at the lower bound of a trading range, sending it plummeting more than 43% from its current value. “Observation about SOL. In an area of support. If support [around $129] gives way, then large rectangle will complete and point toward $80 and change.” Source: Peter Brandt/X However, pseudonymous crypto trader Inmortal tells his 216,000 followers on the social media platform…
[ad_1] Este artículo también está disponible en español. Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208. SOL Heading For $80 Price Crash As of writing, the price of Solana just hit $150, up from an initial value of $148 and successfully breaking past resistance levels around $149. This significant price increase represents an 8.49% surge, underscoring investors’ strong interest and demand for…
[ad_1] Proof of Workforce, joined by Santa Monica Vice Mayor Lana Negrete, will showcase the Santa Monica Bitcoin Office at the upcoming California Municipal Revenue and Tax Association (CMRTA) Annual Conference on October 9-10. They will present a case study on the innovative municipal office, the first of its kind in the U.S.Launched in July 2024 after a unanimous city council vote, the Santa Monica Bitcoin Office aims to educate residents about Bitcoin’s potential while identifying industry partnerships to support economic recovery and job creation.”Proof of Workforce is excited to share our experiences and insights with other municipal leaders at…