As an experienced financial analyst with a background in cryptocurrencies, I find the recent surge in Bitcoin’s price and the potential indicators for further growth intriguing. The positive US inflation data has certainly given traders confidence, pushing Bitcoin past $65,000 and setting sights on $70,000. As a crypto investor, I’ve witnessed a significant surge in … Read more
As a researcher with a background in crypto markets, I’ve seen my fair share of repayment plans from bankrupt exchanges. The upcoming cash repayments to FTX creditors, estimated at $14.5 billion, have the potential to create a significant wave of buying pressure in the market. According to K33 Research analysts, anticipated cash payments to FTX … Read more
As a researcher with a background in finance and experience following the regulatory landscape of digital assets, I strongly believe that Representative Wiley Nickel’s concerns regarding the Securities and Exchange Commission (SEC) and its proposed Staff Accounting Bulletin 121 (SAB 121) are valid. The SEC’s “open hostility” towards the cryptocurrency industry could potentially harm President … Read more
Less efficient miners are beginning to leave the network. On-chain metrics flash a buy signal. As an experienced analyst, I believe that the recent decline in Bitcoin’s hashrate and the subsequent spike in Hash Ribbons suggest that we may be witnessing miner capitulation. This trend is often marked by periods of rapid declines in the … Read more
Bitcoin needs the U.S. high yield rate to drop below 6% or 7% for a sustainable rally. Network activity is decreasing, and big investors are currently inactive. As an experienced financial analyst, I believe that the current state of Bitcoin’s price is influenced significantly by economic indicators such as the U.S. high yield rate. The … Read more
Pepe has seen three consecutive ATHs in the last three days. 100% of its holders are now holding at a profit. As a crypto investor who has closely followed the developments of PEPE, I am thrilled to witness its impressive upward momentum over the past few days. The token’s consistent achievement of new all-time highs … Read more