Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! In a surprising turn of events, Grayscale Bitcoin Trust (GBTC) records its first-ever inflow after a continuous streak of significant daily outflows since its launch. Grayscale’s Spot Bitcoin E... Read the full article for FREE at COINOTAG!
Peter Brandt shares views on cryptocurrency struggles. He aligns with Michael Saylor on Bitcoin's dominance. Continue Reading: Peter Brandt Discusses Crypto Market Dynamics
Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves the flagship crypto might make soon enough. What Next For Bitcoin? In their newsletter titled “Fake Dip?” 10x Research drew the crypto community’s attention to the fact that Bitcoin has historically experienced potential rallies whenever its relative strength index (RSI) drops to 40%. As such, there is the possibility that BTC could again rally following its recent decline. Related Reading: Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price The research platform warned that a “line in the sand” at the $62,000 mark could keep the flagship crypto from rallying. However, Bitcoin has already broken above that level, which could mean there is still a bullish sentiment around the crypto token. Meanwhile, the research hinted that BTC would need a catalyst to enjoy a sustained rally. They highlighted four bullish events that helped Bitcoin enjoy a parabolic run soon after breaking a vital support level. These events included Treasury Secretary Janet Yellen’s bid for uncapped deposit insurance, BlackRock’s application for a Spot Bitcoin ETF, Franklin Templeton also filing for a Spot Bitcoin ETF, and when US Core PCE dropped below 3.0%. This echoes the sentiment of Andrey Stoychev, Head of Prime Brokerage at Nexo, who previously mentioned that Bitcoin would need a catalyst to make a significant move to the upside. He predicts that Bitcoin will only continue to trade around the $67,000 range without this catalyst. 10x Research didn’t sound optimistic about BTC enjoying a sustained rally, as their trend model indicates that the flagship crypto is in a downtrend. Despite that, they are not ruling out the possibility of BTC experiencing a bullish reversal. The research firm also revealed that they would look to buy the dip if Bitcoin drops significantly or rallies from here. BTC Still Destined To Hit New Highs Crypto analyst Mikybull Crypto recently suggested that Bitcoin will still hit new highs. He stated that Bitcoin’s current price action is meant to create “more fear across the market and then bottom for upward continuation.” Crypto analyst Ali Martinez also recently suggested that the bull run was far from over, bearing in mind that Bitcoin consolidated around this period in the last two bull runs. Related Reading: Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 He claimed that BTC might be over 500 days away from hitting its market top for this cycle. As to how BTC could rise, Martinez mentioned that it could hit a new all-time high (ATH) of $92,190 if it breaches the resistance level of $69,150. It is also worth noting that crypto analyst PlanB stated that Bitcoin hitting $100,000 this year is “inevitable.” At the time of writing, BTC is trading at around at around $63,500, up over 7% in the last 24 hours, according to data from CoinMarketCap. BTC price recovers above $63,000 | Source: BTCUSD on Tradingview.com Featured image from BBC, chart from Tradingview.com
At the eagerly awaited Berkshire Hathaway yearly shareholders meeting, Warren Buffett, the well-known investor and CEO, made an amazing comparison between the coming of AI and the origin of nuclear weapons. Through his words he made this evolutionary leap sound like a loud warning bell, to treat it with a responsible and cautious approach. AI
Global investment giant Franklin Templeton thinks Solana (SOL) is primed to establish itself as the “third major crypto asset” after Bitcoin (BTC) and Ethereum (ETH). In a new analysis, the firm’s digital assets unit notes that the Solana network has witnessed significant increases in total fees and decentralized exchange (DEX) volumes in the past year. The post Solana Primed To Establish Itself As ‘Third Major Crypto Asset’ After Bitcoin and Ethereum: Franklin Templeton appeared first on The Daily Hodl .
Buying the coin when the indicator falls again may be perfect opportunity before a potential 39% rally.
In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch. Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day
Hong Kong-based investment firms are buying big in spot Bitcoin exchange-traded funds (ETF) in the United States. The latest 13F filings with the U.S. Securities and Exchange Commission have revealed numerous firms buy bitcoins worth millions in spot Bitcoin ETF, indicating institutional investors haven’t left the wave of Bitcoin ETF. Honk Kong Firm Scoops Over The post This Firm Invests $75M In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF: SEC Filing appeared first on CoinGape .
Yoav Weiss, a developer for Ethereum (ETH), has outlined the vision of the Ethereum team to improve smart contract interactions and decentralized applications (dApps) by creating a standard known as ERC-4337. This norm facilitates smart contract crypto wallets on the Ethereum blockchain, where assets are controlled via smart contracts instead of externally owned accounts (EOAs). The post Insights into Ethereum Account Abstraction Roadmap Revealed appeared first on CoinGape .
Mishaboar, a Dogecoin community member and developer has flagged Coinbase Wallet and the entire exchange’s ecosystem over privacy-related concerns. Coinbase Wallet and Base Privacy Concerns According to Mishaboar, Coinbase Wallet is a widely used smartphone wallet that was recently optimized for DeFi use. Despite the popularity, the Dogecoin developer believes the risks of using this The post Dogecoin Developer Flags Privacy Concerns In Coinbase Ecosystem appeared first on CoinGape .