Tag: crypto

Will Bitcoin Hit $176K? Anthony Scaramucci Lays Out His High-Stakes Forecast

A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci said that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believed that the oldest cryptocurrency is ripe for…

Trump’s Crypto Token Offering: $300 Million Goal With Minimal US Participation – Details

World Liberty Financial, a decentralized finance (DeFi) initiative endorsed by former President Donald Trump, has disclosed that its ambitious $300 million crypto token offering is largely aimed at international investors.  To date, fewer than 350 US investors have engaged with the project, raising questions about its domestic appeal amidst a landscape of regulatory scrutiny led…

Solana Rises 1,400% Despite Jim Cramer’s ‘Idiot’ Criticism

Remember the viral statement of Jim Cramer over Solana and other meme coins? In 2022, CNBC anchor Jim Cramer called Solana, Litecoin, and other meme coins “idiot investments.” In a CNBC show dated December 9th, 2022, he added that Dogecoin, Solana, and XRP are “cons” and insisted that people should put their money on stocks…

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among…

Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

Mt. Gox, which was once the largest cryptocurrency exchange globally before its shutdown in 2014, recently transferred 500 Bitcoin (worth roughly over $34 million) to two unidentified wallets. This transaction, conducted early Friday, marked the first transfer from the defunct exchange since late September of this year. Details Of The 500 BTC Transfer Blockchain analytics…

CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin

On Thursday, Tether (USDT), the world’s largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC).  Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether’s growth, with a net profit of $2.5 billion for Q3, contributing…

Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?

Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’ As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise…

BlackRock’s Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows

On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January.  Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a…