In A Nutshell Bernstein analysts have revised their Bitcoin price forecast upwards, now expecting it to reach nearly $200,000 by the end of 2025, largely due to the inflows into spot U.S. Bitcoin exchange-traded funds (ETFs). Their analysis suggests that by 2025, spot Bitcoin ETFs could represent about 7% of the total circulating Bitcoin supply,…
In A Nutshell A timely intervention by a police officer in White Settlement, Texas, thwarted a $40,000 Bitcoin ATM scam involving an impersonator of Chase Bank. The scam targeted an elderly woman, deceiving her to withdraw cash from her bank and deposit it into a Bitcoin ATM. The police were alerted by a vigilant citizen,…
In A Nutshell Uphold, a prominent cryptocurrency exchange, has announced it will remove six major stablecoins from its platform by July 1st to comply with the Markets in Crypto-Assets Regulation (MiCA) enacted by the European Union. The affected stablecoins include Tether (USDT), Dai (DAI), Frax (FRAX), Gemini dollar (GUSD), Pax dollar (USDP), and TrueUSD (TUSD)….
In A Nutshell The cryptocurrency market has recently observed a notable correction with Bitcoin (BTC) price dropping below the psychological threshold of $65,000. Despite this downturn, which resulted in significant liquidations across the market, analysts remain optimistic about Bitcoin’s future prospects. The resilience of Bitcoin’s leverage and the potential bullish patterns suggest a positive outlook…
In A Nutshell Despite a notable dip in Bitcoin’s (BTC) price to $64,300, marking its lowest in over a month amid a 5.6% decrease within a single day, top Bitcoin traders and analysts exhibit a bullish stance. This optimism persists despite macroeconomic indicators suggesting a potential slowdown in the U.S. economy and the Federal Reserve…
In A Nutshell The recent downturn in Bitcoin’s value, breaching below the $65,000 mark, has sparked a blend of caution and optimism among analysts. With Bitcoin losing the support of multiple Daily Moving Averages (MAs), the sentiment veers towards a potential buying opportunity at lower price levels. The market’s current stance is further compounded by…
In A Nutshell Tether, a leading player in the blockchain and cryptocurrency space, has announced the launch of a new gold-backed stablecoin named Alloy (aUSDT), which is uniquely pegged to the U.S. dollar. This innovative digital asset leverages Tether Gold (XAUt) for overcollateralization while maintaining its value tied to the U.S. dollar, introducing a synthetic…
In A Nutshell Cardano (ADA), a key player in the blockchain arena, has recently been under the spotlight due to its declining price over the past 30 days, with a significant 7.43% drop in the last week alone. Current market analyses suggest a bearish trend, with ADA struggling to find a new support level below…
In A Nutshell The current Bitcoin (BTC) market dynamics suggest a potential downward trend with price ‘clusters’ indicating that Bitcoin might soon break below the $64,000 mark. This insight comes from a detailed analysis of Bitcoin’s recent price actions and technical formations. Despite a short-term bearish outlook, experts hint at a forthcoming “parabolic phase” of…
In A Nutshell Polygon’s native token, MATIC, is currently facing significant hurdles in surpassing the $0.75 mark, sparking debates on whether a $1 valuation is still feasible. With a bearish sentiment prevailing, MATIC struggles amidst trading below key technical indicators such as the Ichimoku cloud and all three major moving averages. This analysis provides an…