The world of finance is no stranger to colorful characters, and this week, the gloves came off between two titans with opposing views on Bitcoin: Peter Brandt, a crypto bull, and Peter Schiff, a Bitcoin skeptic. Their battleground? Social media, of course. Related Reading: Phony Philanthropy? Notcoin’s $6.8 Million Gift To Telegram Founder Rings Alarm
Bitcoin price weakened after the halving event, dropping below $58,000. Analysts monitor Bitcoin's price for further correction signs. Continue Reading: Bitcoin Price Drops After Halving Event
Popular crypto analyst Michaël van de Poppe continues to back altcoins to put up a spectacular bullish performance in the coming months. In a new X post on Saturday, the veteran analyst takes a deeper dive explaining the reasons behind his advocacy for altcoins investment ahead of a highly expected crypto bull run. Related Reading: Crypto Analysts Reveal Sub-$1 Altcoins Set To Outperform In The Bull Run Investing In Altcoins Is The Best, Analyst Says Why In his most recent bullish prediction on altcoins, van de Poppe begins by stating these tokens may not present as the most ideal investment especially considering that their combined value is down by 70% against Bitcoin in the last three months. The analyst has attributed this poor performance to several factors including a delay in network updates and an extended bear market. In addition, van de Poppe also notes Ethereum’s current struggles to be a significant contributor to this market downturn. He explains that typically the crypto bullish hype moves from Bitcoin to Ethereum, followed by tokens with big market cap, then middle-cap tokens and small-cap tokens. However, this cycle appears to be experiencing some delay due to a bearish cloud over Ethereum, driven by uncertainty over the approval of a proposed spot exchange-traded fund (ETF) as well as its asset class. Nevertheless, van de Poppe believes this delay to be quite temporary as he postulates that market traders are currently pricing in any potential negative effect from the denial of an Ethereum Spot ETF or the classification of the prominent altcoin as a security. Once Ethereum embarks on a bullish course, van de Poppe predicts other altcoins to follow suit. The analyst projects that certain tokens could record a 1000% gain as seen between October 2023-February 2024, amid the hype around Bitcoin spot ETFs. However, the analyst nudges investors to buy into the altcoin market now during the period of “lowest confidence”. He believes such an act is similar to investing in Bitcoin at $3,700 at the start of 2020, thus ensuring investors generate maximum profits in the coming bull run. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars Ethereum ETF Approval In The Balance As weeks continue to progress, the approval of an Ethereum spot ETF by the US Securities and Exchange Commission (SEC) appears highly uncertain. This sentiment is driven by the Commission’s ongoing deliberation on whether to classify Ethereum as a security as well as a lack of dialogue between the agency and prospective issuers. The next deadline dates are for May 23/May 24, during which the SEC will respond to 2 ETF applications with many analysts expecting further delays from the Commission. At the time of writing, Ethereum trades at around $3,123.39 reflecting a 0.53% increase in the last day. Featured image from Business Insider, chart from Tradingview
Alessandro Ottaviani, co-host of the Store of Bitcoin podcast, recently revealed five compelling reasons why he believes Bitcoin (BTC) will surge to $70,000 in the upcoming week. Ottaviani’s analysis is grounded in recent market trends and institutional investment behaviors. Hence, it provides a robust case for a significant bullish movement in the BTC price. 5 The post Bitcoin Maxi Spotlights 5 Reasons Why BTC Will Hit $70K Next Week appeared first on CoinGape .
SOL is among the leaders in terms of weekly gains.
As Times Tabloid reported earlier, the Shiba Inu project team has announced the official launch of ShibaSwap, their decentralized exchange (DEX), on the Shibarium blockchain. This marks a significant milestone for the Shiba Inu ecosystem, offering users a more feature-rich and user-friendly platform for various DeFi activities. Enhanced User Experience and DeFi Features ShibaSwap on The post Shiba Inu Lead Dev to SHIB Army: “So much more in store” appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
Popular on-chain analyst Willy Woo believes Bitcoin (BTC) is now in a position to kick start a fresh leg up after months of consolidation. Woo tells his 1.1 million followers on the social media platform X that he’s looking at Bitcoin’s spent output profit ratio (SOPR), which tracks whether coins are being sold at a The post Bitcoin Has Completed Profit-Taking Phase Amid Backdrop of Rising Capital Flows to BTC, Says Analyst Willy Woo appeared first on The Daily Hodl .
Are institutional investors boosting Grayscale's Bitcoin ETF while whales lose interest?
Fintech company Ripple released its Q1 2024 report, highlighting significant growth in the XRP Ledger (XRPL) ecosystem and its native token, XRP. The report details a surge in transaction volume and overall network activity, showcasing increased adoption and utility for XRP. XRP Ledger: Increased Network Activity One of the key takeaways from the report is The post Massive Growth in XRP Ledger (XRPL) Activity, XRP Burn Rate Surges appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
Bitcoin price climbed to $67,400 in the last 24 hours. Experts are divided on whether Bitcoin will drop or reach new peaks. Continue Reading: Bitcoin Price Surges to $67,400 in 24 Hours