The world of cryptocurrencies is rife with bold predictions and optimistic forecasts, and Bitcoin developer Samson Mow is no exception. He firmly believes that BTC will inevitably reach $1 million, a staggering price target that seems almost too good to be true. Mow’s confidence in this prediction stems from Bitcoin’s ever-increasing demand and the upcoming
Stock
South Korean lawmakers have recently put forward a bill to postpone the implementation of crypto gain tax until 2028. The ruling political party expressed concerns about the current negative sentiments surrounding the crypto industry as the primary reason for seeking an extension. They emphasized the fact that with the declining investment sentiment towards virtual assets,
In the 2024 presidential election, it is clear that cryptocurrency has become a significant factor in shaping voter opinions. Recent polls have shown that a substantial number of Republicans have shifted their views on Donald Trump due to his newfound support for cryptocurrencies. This change in stance has influenced 13% of Republicans who initially did
Recent data reveals a remarkable shift in the relationship between Bitcoin and US stocks. Previously, these assets showed a positive correlation, impacting Bitcoin and the broader crypto market. However, according to market intelligence platform IntoTheBlock, the correlation between Bitcoin and the Nasdaq 100 and S&P 500 has now turned negative. This negative correlation indicates that
Keith Gill, also known as “Roaring Kitty,” is currently embroiled in a securities fraud lawsuit stemming from his involvement in the 2021 GameStop trading frenzy. The class-action lawsuit, filed on June 28 in the Eastern District of New York, alleges that Gill orchestrated a “pump and dump” scheme by leveraging his social media presence to
Bitcoin, once known for its around-the-clock trading accessibility, is experiencing a significant shift in trading patterns. According to a recent report by Kaiko, BTC weekend trading volumes have plummeted to historic lows, dropping from 28% in 2019 to a mere 16% in 2024. This decline is closely tied to the increasing influence of institutional investors
The financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
The prediction by analyst ‘RamenPanda’ suggests that there will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This scenario is based on historical examples, such as in 2008 when the Fed cut rates during a financial crisis but the markets reacted poorly, leading to
CleanSpark, a major player in the Bitcoin mining industry, recently made headlines with its acquisition of GRIID Infrastructure in a $155 million all-stock deal. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s operations, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger required
A crypto analyst recently highlighted the possibility of Bitcoin facing further declines, potentially dropping to $52,000 lows. The analyst pointed out that Bitcoin has broken key support levels, indicating a shift from a bullish to a bearish position. This prediction was based on a post made on X (formerly Twitter) by crypto analyst Justin Bennett,