Bitcoin has been struggling to break past its recent all-time high of over $73,000, but Bernstein, a well-known brokerage firm, remains bullish about the future trajectory of the asset. In fact, in its latest report, analysts at Bernstein have revised their long-term price forecast for Bitcoin to $200,000 by the end of 2025. This is
Bitcoin has experienced a notable downturn in price over the last week, with on-chain data indicating a significant amount of selling pressure. One key factor contributing to this bearish trend is the action of Bitcoin miners. According to recent reports, miners have been actively selling off their BTC holdings in the open market. The most
Bitcoin has been on a wild ride in the past few days, with its price plummeting to $65,000 – a level last seen about a month ago. The asset bounced back to over $70,000 on Monday, only to drop again to $66,000 amid fears surrounding the US CPI numbers and the FOMC meeting. While bitcoin
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. Uyeda highlighted the advantages of representing asset rights with digital tokens on a blockchain, such as enhanced security, transparency, and immutability. Moreover, he emphasized that tokenization eliminates the need for intermediaries, thus simplifying transactions and
The analyst, Sebastian, has made a bold prediction regarding the price of Cardano (ADA) reaching as high as $3 this year. One of the key reasons he pointed out was Cardano’s partnership with Argentina. The recent announcement of a partnership between the Cardano Foundation and Entre Ríos, a central province in Argentina, aims to promote
Recently, Ethereum has experienced a surge in notable withdrawals from centralized exchanges, indicating that crypto whales are optimistic about a potential price recovery. The decrease in ETH balances on exchanges has reached its lowest level since 2016, highlighting a significant shift in investor behavior. According to crypto analyst Ash Crypto, there has been a noticeable
In a recent announcement by the New York Attorney General’s (NYAG) office, the completion of a settlement with Gemini has resulted in the recovery of $50 million for users of the defunct Gemini Earn program. This marks a significant development in the legal dispute that arose from alleged misleading practices by Gemini. The settlement not
Ethereum is currently facing pressure in the market, with a significant 15% drop from its March 2024 levels. However, despite this downturn, on-chain data is pointing towards a bullish outlook for the digital asset. Analysts have noted a spike in ETH demand, particularly from permanent holders. These holders are most likely institutions with substantial capital
Recent insights from crypto analyst TechDev have shed light on the future trajectory of Bitcoin. According to the analyst, Bitcoin has not yet reached its full potential in the current market cycle, indicating that there may be more price surges ahead for the flagship cryptocurrency. TechDev’s analysis suggests that Bitcoin is poised to make a
The cryptocurrency market has been experiencing a period of sideways movement, with Bitcoin struggling to break past the $67K mark. Despite attempting to exceed $68K recently, the price was met with selling pressure, resulting in a 1% loss over the past 24 hours. This choppy action has led to the liquidation of over $110 million
