Tom Lee, the head of research at Fundstrat, has reiterated his bold prediction regarding Bitcoin’s price, stating that the cryptocurrency will reach $150,000. This optimistic outlook is based on Bitcoin’s strong bullish indicators, with Lee believing that the digital asset will soon break out of its current bearish trend. In a recent interview with CNBC
Bitcoin
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the historical economic patterns from the 1930s-1970s and their relevance to today’s financial landscape. Hayes categorizes these patterns into “Local” and “Global” cycles, highlighting the macroeconomic forces at play. Local Cycles: During Local Cycles, there is a strong
Bitcoin has been experiencing significant fluctuations in its price recently, bouncing back from a dip below $60,000 only to struggle to surpass crucial resistance levels, such as $63,500. This has led to a prevailing bearish sentiment in the market, with one notable crypto analyst, Alan Santana, predicting an impending crash in the Bitcoin price. Santana’s
Bitcoin, a pioneer in the cryptocurrency markets, has long been known for its round-the-clock accessibility. However, a recent report by Kaiko has shed light on a concerning trend – a significant decrease in BTC weekend trading volumes. The data reveals a sharp decline from 28% in 2019 to a mere 16% in 2024, signaling a
Opeyemi is not your average writer – he is a crypto enthusiast on a mission. His journey into the world of cryptocurrency may not have been his initial choice, but it is one that he has fully embraced. For over two years now, Opeyemi has delved deep into the complexities of blockchain technology and has
Semilore Faleti is a prominent cryptocurrency writer with a focus on journalism and content creation. His expertise lies in dissecting the complexities of blockchains and cryptocurrency, highlighting the efficiency of digital assets in storing and transferring value. Initially, Semilore wrote on a variety of topics before delving into the world of cryptocurrencies. He quickly discovered
The cryptocurrency market has been experiencing a rollercoaster ride with Bitcoin’s price performance in June. As the digital asset dipped below $60,000, investors have been left disappointed and uncertain about the future trajectory of Bitcoin’s value. In light of these developments, crypto analyst Zen has conducted a critical assessment of various liquidity pools that could
Opeyemi is a dedicated individual who has delved deep into the world of cryptocurrency. His journey into the realm of digital assets was not the traditional path he initially envisioned, but he has found himself captivated by the complexities of blockchain technology and the ever-evolving landscape of cryptocurrencies. Opeyemi’s passion for cryptocurrency is evident in
Bitcoin’s recent rejection at $62,000 has caused a stir in the cryptocurrency market. The clash between bullish and bearish sentiments has intensified, with both sides presenting compelling arguments. Despite the 15% price crash experienced by Bitcoin, analyst DonAlt believes that the worst may not be over yet. In fact, he predicts that the price could
One of the major factors contributing to the recent decline in the price of Bitcoin is the significant sell-offs initiated by various governments. The German government, for instance, recently sold approximately 2,786 BTC, amounting to around $140 million. Similarly, the US government has been moving Bitcoin seized from the Silk Road bust, with nearly 4,000
