[ad_1] Former Goldman Sachs executive Raoul Pal believes that a period of sustained uptrend is coming for Bitcoin (BTC) and the rest of the crypto market. In a new interview with crypto trader Scott Melker, the macro guru points out that historically, risk assets like Bitcoin and crypto tend to witness rallies during Q4 of a presidential election year. “Look, the backend quarter of an election year is true banana zone for all assets. It always is. So you know that you’ve got a very, very, very high probability that by autumn things are utterly ripping. I mean, how long…
Author: dfrancis36
[ad_1] The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets? Popular crypto analyst Ali Martinez revealed in a post on the X platform that huge amounts of the Chainlink…
[ad_1] A closely followed trader believes that a key support level for Bitcoin will collapse before BTC witnesses another move to the upside. Pseudonymous analyst the Flow Horse tells his 219,400 followers on the social media platform X that Bitcoin is flashing multiple signals suggesting that support at $60,000 will crumble before the crypto king sees a trend reversal. “My honest opinion to expand on my point earlier in the week about being close to a bottom probably in time (next couple of months) but not in price… I am fairly confident Bitcoin will trade below $60,000 again. I know we…
[ad_1] Floki, the self-proclaimed Dogecoin rival with a Shiba Inu mascot, is shaking off recent market jitters with a surge in social media buzz and exciting ecosystem developments. While the broader cryptocurrency market remains volatile, Floki appears to be carving its own path, fueled by a passionate online community and strategic expansion plans. Related Reading Floki TA Shows Bullish Pattern Technical analysts are taking notice of a bullish chart pattern forming around Floki. Jonathan Carter, a prominent crypto analyst, identified an ascending triangle pattern, a technical indicator that often precedes a price breakout. This pattern suggests a potential surge in…
[ad_1] One of Turkey’s most prominent crypto exchanges BtcTurk has suffered a cyber attack leading to unauthorized access to some of its hot wallets. The exchange has reported some level of asset loss, however, they claim enough financial stability to overcome this setback. $5.3 Million Recovered By BtcTurk, But How Big Is The Loss? In a recent status update, BtcTurk shared that its team detected a hack had occurred on its platform on June 22 raising much concern in the crypto community. While the total amount lost was not disclosed, BtcTurk stated that this incident only led to the compromise…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Crypto analyst Willy Woo recently explained what needs to happen for Bitcoin to continue its bull run. The flagship crypto has been on a decline for a while now and has failed to make a significant run since hitting its current all-time high (ATH) of $73,750 in March earlier this year. What Needs To Happen For Bitcoin To Recover Willy Woo mentioned in an X (formerly Twitter) post that Bitcoin will recover when the “weak miners die and hash rate recovers.” He further explained what it means for BTC to shed weak hands, stating that “inefficient miners running old…
[ad_1] A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position. Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June 21, crypto analyst, Justin Bennett predicted that Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating Bitcoin’s recent decline, highlighting that its price remains range-bound, showing no clear downward or upward trend as it…
[ad_1] An Ethereum (ETH) on-chain metric suggests the altcoin market could be primed for a price surge, according to the digital asset analytics firm CryptoQuant. The firm says on the social media platform X that Ethereum’s Market Value to Realized Value (MVRV) indicator is rising faster than Bitcoin’s (BTC) MVRV. “This suggests that ETH’s market is heating up. Historically, when Ethereum surges, other alts tend to follow.” Source: CryptoQuant/X MVRV is the ratio of a digital asset’s market capitalization relative to its realized capitalization (the value of all the assets at the price they were bought). It is used to…
[ad_1] American rapper and actor 50 Cent was recently at the center of a meme coin saga on the Solana network. The rapper refuted promoting the GUNIT meme coin, claiming his X (formerly Twitter) account was hacked by individuals pushing the cryptocurrency. Hackers Target 50 Cent’s Account To Promote Fake Crypto 50 Cent revealed in an Instagram post that his X account was hacked while denying any ties to the GUNIT meme coin, which was promoted on his X account. He added that the hacker made $300 million from this elaborate scam. However, that looks unlikely, considering the meme coin’s…