Cryptocurrency analyst CryptoCon recently highlighted a technical indicator that has accurately predicted local highs for Bitcoin in this current bull run. According to CryptoCon, Bitcoin could potentially reach $109,236 by the end of the year based on this indicator. This prediction is based on the trend of Bitcoin hitting local tops one month ahead of
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As bitcoin faces another retreat, analysts are closely examining technical indicators and signals to determine its next move. According to CoinGlass, the liquidity heatmap is currently indicating key first-test lines at around $56,800. If BTC manages to bounce off this support level, it may test higher resistance levels. However, a weak bounce could result in
Samsung has recently announced a groundbreaking partnership with Illuvium at Gamescom 2024, with the goal of transforming home entertainment through the integration of Web3 technology. This collaboration will see the Illuvium gaming universe brought directly to living rooms through Samsung’s innovative Web3 TVs, allowing players to immerse themselves in the world of Overworld, Arena, and
Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, marking a 16% decline quarter-over-quarter. This decrease is attributed to the reduction in block rewards resulting from the BTC halving event on April 19, 2024. Bitfarms reported a net loss of $27 million, or $0.07 per share, which includes a $1 million non-cash
In a recent video posted on his YouTube channel, crypto analyst Benjamin Cowen delved into the potential consequences of the re-emergence of the death cross indicator on Bitcoin’s chart. With the $62,000 price level now playing a critical role in Bitcoin’s price trajectory, the crypto market is closely monitoring whether Bitcoin can hold above this
Crypto exchange Gemini co-founder Tyler Winklevoss’ recent comments regarding the “reset” of Vice President Kamala Harris’ stance on cryptocurrencies have stirred up quite a controversy in the industry. Winklevoss labeled Harris’ actions as a “scam” in a post on Friday, accusing the Federal Reserve of tightening its grip on the crypto sector. While his concerns
In the late 1990s, investor Charlie Munger famously stated, “The first $100,000 is a b——, but you gotta do it.” He emphasized the importance of reaching that milestone no matter what sacrifices needed to be made. Fast forward to today, the Bitcoin economy has seen over 450,000 BTC addresses holding Bitcoin worth $100,000 or more,
The recent conclusion to the legal battle between Ripple and the SEC resulted in a much smaller fine than initially requested. The U.S. District Court Judge made a decision to impose a fine slightly above $125 million, as opposed to the $2 billion fine sought by the SEC. This decision was met with a positive
Delving into the realm of cryptocurrency was not the initial plan for Opeyemi, but it has become a captivating journey for him over the past two years. As he immerses himself in the digital asset industry, Opeyemi takes pride in unraveling the complexities of blockchain technology and staying updated on the latest trends in the
Stablecoin issuer Tether has announced its plans to double its workforce by mid-2025 in an effort to bolster key areas like compliance and finance. This move comes as Tether seeks to solidify its position in the market and handle its staggering $118 billion in assets backing the USDT stablecoin. With only a small team currently