As an experienced analyst, I have closely monitored the cryptocurrency market for several years. In my opinion, the recent drop in Bitcoin prices does not necessarily indicate a bearish trend. Instead, I believe that the falling USDT dominance might signal an upcoming comeback for Bitcoin. Despite the recent downturn in Bitcoin‘s price, according to one … Read more
As a seasoned crypto investor with a keen interest in Bitcoin’s price movements, I find Martinez’s analysis insightful and intriguing. The $59,800 level is a crucial price point for me as well, given that it represents the short-term holder’s realized price. Historically, Bitcoin has shown a tendency to bounce off this level during an uptrend. … Read more
As a researcher with several years of experience in the cryptocurrency industry, I cannot help but express my concern and caution towards the Bonk Killer (BONKKILLER) meme coin incident that took place on April 29, 2024. The surge in this relatively unknown Solana-based token was nothing short of extraordinary, with a market capitalization reaching an … Read more
As a crypto investor who has been closely following the developments in Indonesia’s crypto sector, I am hopeful that the new administration will build upon the progress made under the current government. The fact that both Subianto and Rakabuming have expressed their support for the crypto economy during their campaign is a positive sign. According … Read more
As a long-term crypto investor with a keen interest in the regulatory landscape of the industry, I find the current situation surrounding Binance’s European operations particularly concerning. The recent guilty plea by its founder and former CEO, Changpeng Zhao, on money laundering charges in the United States has added another layer of uncertainty to an … Read more
As an experienced analyst with a deep understanding of Bitcoin’s price movements and on-chain data, I believe that for Bitcoin to surge to a new all-time high (ATH) target of $92,190, it needs to breach the significant resistance barrier at $66,250. This level is currently acting as a major hurdle for BTC, with many loss … Read more
As a seasoned crypto investor with a keen eye on market trends and news, I can’t help but be intrigued by this recent development. The sudden transfer of over 4000 BTC (worth approximately $245 million) from Grayscale to Coinbase is an interesting move that raises some questions. Based on Arkham Intelligence’s information, approximately 4010 Bitcoin … Read more
As an analyst with a background in studying crypto market trends and investment behavior, I find the recent string of outflows from crypto funds to be a concerning development. The data from CoinShares’ weekly report highlights the shift in sentiment among institutional investors towards digital assets, particularly Bitcoin. Crypto investment products are currently experiencing turbulence, … Read more
As a researcher with a background in finance and experience in following the cryptocurrency market, I find the recent developments in the Bitcoin mining industry particularly intriguing. The decision by traditional market players like Alliance Resource Partners to enter the Bitcoin mining scene using their excess power capacity is a testament to the resilience of … Read more
As an experienced financial analyst, I believe that South Korea’s decision to require mandatory reporting of overseas crypto exchange holdings is a necessary step towards ensuring financial transparency and compliance with international tax laws. The country’s implementation of similar regulations for overseas financial accounts several years ago has proven effective in preventing tax evasion and … Read more