Bitcoin, the leading cryptocurrency, has captured the attention of investors and analysts alike. One crypto analyst, known as ‘CrediBullCrypto’, has made a bold prediction regarding the future price of Bitcoin. His analysis points towards an “ultra bull scenario” for Bitcoin, suggesting that the price could surge above $80,000 in this market cycle. CrediBullCrypto’s insights into
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Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently expressed strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. This act has been hailed for providing regulatory clarity to the crypto industry, but Gensler argues that it would actually weaken consumer protections in the market. The
The cryptocurrency market is currently undergoing a significant transformation in terms of mainstream adoption and user engagement. As the Bitcoin halving approaches and the hype around BTC ETF grows, more investors are flocking to the space. Notably, crypto whales, investors with the power to influence market trends due to their substantial funds, are also becoming
Dogecoin has garnered significant attention and credibility due to Elon Musk’s public endorsement and support. The Tesla and SpaceX leader’s tweets and actions have had a positive impact on Dogecoin’s value and popularity, leading to substantial gains for investors. In contrast, Ripple lacks a similar influential figure to champion its cause, which could hinder its
After closely examining the report from Coinbase Institutional Research Analyst David Han, it is evident that the chances of the SEC approving spot Ethereum ETFs by the end of the month are estimated between 30% to 40%. The correlation between CME futures product and spot exchange rates, which was a significant factor in the approval
Oklahoma has made history by becoming the first state in the United States to legally protect the right to self-custody Bitcoin through the passing of a groundbreaking bill. This new legislation signed by Republican Governor Kevin Stitt, known as the ‘Bitcoin Rights’ bill (HB3594), solidifies the ability of residents to possess, control, and utilize digital
In the ever-evolving world of cryptocurrency markets, the dynamics of supply and demand play a crucial role in determining the price action of digital assets. According to Ali Martinez, a renowned cryptocurrency expert, the fluctuations in the price of Bitcoin can be analyzed through the lens of basic economic theory. It is important to recognize
Recently, Oklahoma made a significant move in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. This legislation, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and will come into effect on Nov. 1. The new law prohibits the Oklahoma state government from placing any
The past 24 hours in the cryptocurrency market have shown a significant calmness, putting a halt to the ongoing bearish assault and leading to some consolidation. Bitcoin has been hovering around the $61K mark on Sunday morning, while Ethereum has dipped below the crucial $3K level. A recent report by CryptoPotato highlighted a sudden correction
The Bitcoin mining industry has been experiencing significant changes, and the leader in this sector has recently announced its financial results for the first quarter of 2024. After emerging from bankruptcy, the company has shown remarkable improvement in its financial performance. With a net income of $210.7 million, the company has come a long way