American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot Bitcoin ETF shares since its inception in January 2024. Many people are surprised by this move, given that traditional financial institutions were first hesitant to enter the world of digital assets. Related Reading: Dogecoin Rockets 30% In A Week, Sparking Hype For Uptober Rally According to CryptoQuant CEO Ki Young Ju, 1,179 institutions currently own a total of 193,064 BTC, indicating a major shift in opinion towards crypto investments. Institutional Adoption Grows The adoption of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) has contributed significantly to the spike in institutional interest. This legal approval has created new opportunities for financial institutions to provide cryptocurrency investments, allowing them to tap into more revenue streams. Institutional ownership of U.S. #Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings). pic.twitter.com/9YTOEH3G5w — Ki Young Ju (@ki_young_ju) October 22, 2024 Big Chunk Of The Pie Interestingly, big players such as Millennium Management and Jane Street now hold over 20% of the total market through various Bitcoin ETFs worth about 961,645 BTC. This rapid absorption immediately shows that the anxiety over money related to digital currency was shorter-lived. Analysts think the more the establishments engage with Bitcoin ETF, the price will keep going. Even so, the current price of Bitcoin stands at around $67,000 and is likely to go to $100,000 in early 2025, based on past trends, but more importantly, how people’s thinking is changing towards embracing Bitcoin as a legitimate asset class. Options Trading Approved Another major turning point came when the SEC lately approved options trading for spot Bitcoin ETFs on NYSE American LLC and CBOE. This implies that with conventional financial instruments, institutional investors can now effectively reduce their Bitcoin exposure. A big change has happened for institutional buyers since they can now trade options on these ETFs. It not only makes Bitcoin easier to use, but it also makes it more like regular banking. Now that options trading is possible, experts think that more institutional buyers will get into the Bitcoin market. Institutional investors’ ability to trade ETF options is a turning point. Bitcoin becomes increasingly accessible and integrated into standard banking. Now that options trading is possible, experts expect more institutional investors to join Bitcoin. Related Reading: Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details A Bright Future Ahead Bitcoin and its ETFs appear to have a promising future. Institutions’ continued engagement with this asset class is anticipated to have a favorable impact on other digital assets. The SEC’s regulatory system provides a layer of protection that many investors value. This clarity may lead to increasing participation from traditional financial institutions, thus cementing Bitcoin’s position in the investment scene. Overall, the combination of institutional demand and governmental support suggests that Bitcoin is more than a passing fad; it is becoming an essential component of modern finance. As time passes, it will be interesting to see how this changing landscape affects both the digital currency market and broader economic trends. Featured image from StormGain, chart from TradingView
As the US presidential election approaches, the crypto community is buzzing with speculation regarding how the outcome will affect the Bitcoin price. With just 15 days until the election between former President Donald Trump and Vice President Kamala Harris, options traders are increasingly optimistic about a new all-time high for Bitcoin, regardless of who wins the presidency. Traders Favor Call Options Ahead Of US Election According to a recent report from Bloomberg, options traders are placing significant bets that Bitcoin will reach a record high of $80,000 by the end of November. Notably, implied volatility for Bitcoin options, particularly those expiring around the election day, remains elevated. More traders are favoring call options, which give the buyer the right to buy BTC at new highs. Related Reading: Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target David Lawant, head of research at crypto prime broker FalconX, commented, “I believe the market consensus is that Bitcoin is likely to perform well regardless of the election outcome.” His analysis indicates that options activity surrounding the upcoming elections shows a distinct bias toward upside potential. The political landscape features contrasting views regarding the nascent cryptocurrency landscape. Trump, who has been a vocal advocate for digital assets over the past months, is viewed by many as a pro-crypto candidate, leading to the characterization of Bitcoin as a “Trump trade.” On the other hand, Harris has pledged to support a regulatory framework for cryptocurrencies, a shift from the more stringent oversight seen during the Biden administration, characterized by continuous enforcement actions and lawsuits against key players of the sector. Per the report, in addition to political factors, traders are also considering non-political influences such as potential rate cuts by the Federal Reserve (Fed) and ongoing inflation concerns, which contribute to a generally optimistic sentiment. Data Reveals Strong Demand For $80,000 Bitcoin Calls Data from Deribit, a crypto options exchange, reveals a declining put-to-call ratio, indicating that more traders are buying call options than puts as the year draws to a close. Yev Feldman, co-founder of SwapGlobal, elaborated on the current trading patterns seen among investors, stating: “We are seeing traders buying calls near $68,000 and puts near $66,000, suggesting that many are positioning for a breakout in either direction.” Feldman further added that there’s limited reason to expect a downward collapse post-election, making upward movement seem more plausible for the leading crypto of the market. Related Reading: Solana Eyes New All-Time High Of $370 After Cup And Handle Breakout Open interest data also shows that call contracts set to expire on November 29 are heavily concentrated around the $80,000 mark, with the second most popular strike price at $70,000. For contracts expiring on December 27, interest is clustered around $100,000 and $80,000, while the most sought-after strike price for calls expiring on November 8 is $75,000. Interestingly, call options are commanding higher premiums than their put counterparts, according to the skew term structure, which reflects pricing dynamics between these options. “This indicates that investors are leveraging the options market more as a tool for capturing potential upside rather than as a hedge against downside risks,” Lawant explained. The researcher also pointed out that opinions on non-Bitcoin cryptocurrencies remain divided, with less consensus on how these assets might perform under varying electoral scenarios. At the time of writing, BTC was trading at $67,370. Featured image from DALL-E, chart from TradingView.com
October has historically been one of Bitcoin‘s best-performing months, triggering notable price increases over the years. Considering the price of BTC this month, several crypto analysts believe that the digital asset could be gearing up for a breakout that might catalyze a move to new all-time highs. Is A Major Move For Bitcoin Around The […]
Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors. Bitcoin Price Could Crash To $35,720 According to Santana, Bitcoin has witnessed 75 days of bullish activity but has not reached projected new price peaks, currently trading within a lower high below $70,000. While the cryptocurrency did hit an All-Time High (ATH) in March, surging past $73,000, Santana has concluded that the general market has become relatively bearish. Related Reading: Dogecoin Flashes Sell Signal After 30% Rally – Time To Sell? He disclosed that most of the Bitcoin price action between August 5 and to present day is forming part of an inverted correction, which suggests that prices have been rising but without reaching new peaks. Santana also declared that the current Bitcoin price action confirms that there is no bullish momentum. He attributed this lack of momentum to muted whale activities, highlighting that there are currently no buyers or buying volume at the current market level. Due to these bearish conditions, Santana has predicted that Bitcoin could end up crashing to $35,720, representing a massive 46.68% decrease to new lows. This also means that Bitcoin’s price will drop by almost half, triggering panic and fear amongst retail and whale investors. Contrary to Santana’s bearish analysis, the price of Bitcoin is up by 5.56% and trading at $68,203, according to CoinMarketCap. The cryptocurrency is gradually increasing to reach the $70,000 mark, driven by positive changes in market sentiment and the historically bullish Q4. Although Santana has stayed firm in his bearish predictions of Bitcoin due to limited buying power, the analyst has also received severe backlash from various crypto community members. One member criticized Santana’s bearish Bitcoin prediction, suggesting that there were flaws in his analysis. Others accused the analyst of attempting to manipulate investors by using a Bitcoin chart from a Blofin exchange, which typically has lower transaction activity. Bitcoin Market Manipulation And Bears Despite the heat from crypto members, Santana believes that market manipulation has led to the current bearish price action in Bitcoin. The analyst highlights that Bitcoin’s price can be artificially manipulated by large holders or so-called Whales. Related Reading: FLOKI Breaks Out Of Downtrend: Analyst Predicts 200% Rally To New All-Time High He stated that these whales can push the price of Bitcoin up hoping that retail investors will dive into the market and buy, ultimately triggering a bullish wave. According to Santana, if there are no genuine Bitcoin buyers, the alleged manipulation could backfire, possibly leading to losses for said market manipulators. Santana has revealed that retail investors are no longer easily fooled into buying Bitcoin at the top, showing more caution due to previous cycles of manipulation and hype. He also disclosed that buyers are not swayed by exaggerated predictions of substantial future gains by analysts, claiming that Bitcoin could reach $3,000,000. Featured image created with Dall.E, chart from Tradingview.com
Once again, Bitcoin has brought excitement to the cryptocurrency landscape as analysts predict an upward trajectory for the price of the alpha coin. The buzz of a Bitcoin price upsurge is making headlines as two crypto experts raised the possibility of it hitting the six-figure mark per coin, intensifying the discussion on the coin’s future. Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst Bitcoin: On The Road To $100,000 Bitwise CIO Matt Hougan predicted that Bitcoin price will likely breach the six-figure level, saying that it is inevitable for the coin to reach that milestone. Hougan said, in his X post, that the bullish sentiment on the digital asset put Bitcoin on a path towards trading above $100,000. He explained that several favorable factors fuel the coin’s amplified growth, exciting traders and enthusiasts on what lies ahead for the virtual currency. We’re heading to six-figure bitcoin. * ETF flows reaccelerating * Election approaching * Infinite deficits (bipartisan agreement!) * Economic stimulus in China * Global rate cuts (Fed, ECB) * Halving supply shock starting to bite * Whales accumulating — Matt Hougan (@Matt_Hougan) October 18, 2024 Keiser’s Projection Meanwhile, Bitcoin maximalist Max Keiser shared the same sentiment about the future of BTC price, but his prediction is more than twice the price estimate given by Houghan. Keiser, who is also an advisor to El Salvador’s president Nayib Bukele, made a bold statement that Bitcoin price would surge to $220,000, saying that the coin is on track to reach a new all-time record for its price. The new ATH Gold price is predicting Bitcoin will trade over $220,000 very soon. — Max Keiser (@maxkeiser) October 18, 2024 Key Factors For The Six-Figure Price Houghan explained that a surge in BTC price is more likely due to several factors driving its price appreciation such as institutional interest, on-chain factors, and macroeconomics. All of these, he said, greatly contribute to the crypto’s price moving upward. On the other hand, Keiser believed that the alpha coin’s price would skyrocket because of gold, saying it is another “safe haven asset.” Currently, gold reached a new record of $2,713.88 per ounce, the first time it has happened in the last four years. Keiser suggested a correlation between gold and the crypto, arguing that once gold price hits an all-time high, Bitcoin will follow and reach a similar milestone. Related Reading: ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards He tweeted that for every $1 price hike in gold, Bitcoin moves up by $20. Hence, he is confident that Bitcoin can quickly reach the $220,000 level in the near future. Bitcoin And The US Election The looming US presidential election in November is seen as another catalyst in Bitcoin’s price appreciation. It has been observed that Bitcoin has been one of the key issues that US political candidates face in this year’s elections, wherein it has become necessary to stipulate their stance on cryptocurrencies. However, some believe that BTC prices will continue to have a strong performance regardless of who wins the presidential race. Featured image from IG, chart from TradingView
Crypto analyst Ash Crypto has alerted the crypto community that $33.14 billion is at risk if the Bitcoin price reaches $72,462. This relates to the short positions that could be liquidated if the flagship crypto hits that price target, a development that will be bullish for BTC. Almost $33.14 Billion Will Be Wiped Out If Bitcoin Price Hits $72,462 Ash Crypto mentioned the liquidation alert in an X post, revealing that $33.14 billion worth of shorts will be liquidated if the Bitcoin price hits $72,462. These BTC bears are already in danger of getting liquidated, considering that the flagship crypto is fast approaching the $70,000 price level. This could pave the way for an extended rally to this liquidation price and even beyond. Related Reading: XRP Price Prediction: Analysts Turn Bullish As ‘Something Big Is Coming’, Here’s What The liquidations of these Bitcoin shorts could be bullish for the flagship crypto, leading to an extended rally to new highs, especially with the current ATH of $73,00 being in sight once the price hits $72,462. However, there is also a scenario where the Bitcoin price could correct to flush out overleveraged longs before it continues with its move to the upside. For now, the Bitcoin price undoubtedly boasts a bullish outlook, considering how the flagship crypto has rallied since the start of this week. BTC briefly touched $69,000 on October 18, further providing optimism that the crypto could reach a new ATH soon enough. Standard Chartered recently predicted that it will likely happen before the November 5 US elections. Although that remains to be seen, it is worth mentioning that Bitcoin’s demand is again on the rise, which could fuel this rally to a new ATH. Specifically, the Spot Bitcoin ETFs, which fueled the run to a new ATH earlier in the year, are again actively accumulating. SpotOnChain data shows that these Bitcoin ETFs witnessed a net inflow of $2.13 billion this week. BlackRock, in particular, added $1.14 billion worth of BTC to its holdings. Bear Analyst Warns Crypto Traders Analyst Justin Bennett, known for bearish analysis, has warned traders to be cautious about trading amid this recent Bitcoin price rally. He stated that things do not add up and that staying cautious during periods like this is the best way to survive. He added that he won’t be making any bold predictions at the moment because the data is conflicting. Related Reading: Expert Calls On Ripple Community To Collectively Send XRP Price On 1,800x Rally To $1,000 However, he suggested that market participants shouldn’t be excited about Bitcoin’s breakout from the seven-month range. This followed his statement that the rally was primarily perp-driven and that open interest is back at its late July peak. Crypto analyst CrediBULL Crypto, who has been a Bitcoin bear lately, also warned that the Bitcoin price rally is being driven by the perpetuals market. In a recent X post, he noted that open interest has officially surpassed the level it was at before the last BTC drop from $70,000 to $49,000. Featured image created with Dall.E, chart from Tradingview.com
Amid the recent renewed upward price movement in Bitcoin, the demand for the largest cryptocurrency asset among short-term holders has witnessed a notable rise, suggesting strong optimism about BTC’s potential for growth in the near term. Short-Term Holders Demand For Bitcoin Rebounds Axel Adler Jr., a macro researcher and author at leading on-chain firm CryptoQuant, […]
The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.D needs to break below the lower boundary of a triangle first. Interesting Take On Bitcoin Price Outlook The analyst in question, known as TheSignalyst, takes an unconventional approach to analyzing Bitcoin’s price movement by relying on a lesser-known but intriguing metric. Related Reading: XRP Price Prediction: Analysts Turn Bullish As ‘Something Big Is Coming’, Here’s What According to TheSignalyst, the USDT.D chart, which tracks the dominance of the stablecoin Tether (USDT) in the cryptocurrency market, efficiently tracks the overall sentiment of the crypto market. Though not widely used by mainstream analysts, this metric has proven useful in predicting market tops, bottoms, and future price action. According to the USDT.D chart, the USDT dominance has been playing out a descending triangle pattern since the first days of August. Since this period, the USDT dominance has ranged between 6.5% and 5.34% of the total crypto market cap up until the time of writing. As the analyst noted, as long as USDT dominance remains within the descending triangle, Bitcoin’s price is likely to continue consolidating in a range. However, TheSignalyst adds that for Bitcoin to truly enter a bullish run, the USDT dominance needs to break downward. Specifically, it would have to fall below the lower boundary of the descending triangle and drop beneath 5.2% of the total crypto market cap. What Does This Mean For The BTC Price? As the largest stablecoin, the USDT dominance can reveal a lot about the prevailing sentiment among crypto traders. High periods of USDT dominance suggest investors are pulling out of riskier assets and parking their funds in stablecoins, while a decline in the USDT dominance suggests inflows into cryptocurrencies. Related Reading: BTC Held On Exchanges Hits Lowest Point In 5 Five Years, Here’s What It Means For Bitcoin Price In the case of TheSignalyst’s analysis, the USDT dominance breaking below 5.2% would signal reduced reliance on the stablecoin and a renewed appetite for riskier assets, paving the way for Bitcoin to embark on a more aggressive upward trajectory. According to the analyst, if this scenario unfolds, it could enable Bitcoin’s price to break past the $70,300 mark in the weekly timeframe. This level sits just above a descending trendline that has been stopping Bitcoin’s momentum since April, and a successful breakout could confirm the start of a much larger rally. In the case of such a breakout, the analyst suggests a strong surge towards the $100,000 price level. At the time of writing, Bitcoin is trading at $68,100 and is about 47% away from this six-figure target. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin’s renewed price performance and resilience during previous roadblocks have sparked strong optimism among investors and traders about its potential for significant growth in the long term, as evidenced by a surge in new large BTC holders‘ balances. New Whales Accumulating Bitcoin At A Fast Rate In light of heightened confidence in the general market, […]
Better times for Bitcoin may lie ahead as the co-founder of BitMEX feels that the current geopolitical tensions in the Middle East may only push the cryptocurrency to rise higher. According to Arthur Hayes, the effects of war would resonate intensely in the US economy in the form of increased government spending and inflationary levels […]
Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas. The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately $524 million in assets under management, with a significant focus on Bitcoin and Ethereum. Specifically, about 75% of the fund is allocated to Bitcoin, while Ethereum comprises roughly 19%, with the remaining investments distributed among Solana, XRP, and Avalanche. Related Reading: Dogecoin Sees Sharp Decline: Over 106,000 Wallets Abandon The Memecoin According to reports on the matter, this diversified approach is designed to offer a balanced entry point for investors seeking broader exposure to the cryptocurrency market. The New York Stock Exchange (NYSE) had previously filed a 19b-4 application on behalf of Grayscale, seeking the Securities and Exchange Commission’s (SEC) approval to amend its rulebook to permit the listing of this new ETF. This filing follows a pivotal year for the market, which recently saw the approval of spot ETFs for Bitcoin and Ethereum in January and July respectively, allowing these funds to hold actual tokens rather than relying on futures contracts. This shift comes after years of rejections of such index funds, spurred by a court ruling in favor of Grayscale that prompted the Securities and Exchange Commission led by Gary Gensler to reconsider its stance. Grayscale Aims For Fifth ETF Launch This Year The successful conversion of Grayscale’s Digital Large Cap Fund into an ETF would mark the fifth launch by the firm this year, highlighting its strategy to expand its product offerings in response to increasing demand for diverse digital asset exposure. Balchunas noted that the ETF’s holdings, predominantly consisting of Bitcoin and Ethereum, could provide enough flexibility to accommodate smaller, less liquid assets, potentially paving the way for approval. Over the course of the year, Grayscale’s Bitcoin and Ethereum funds have seen significant outflows, with around $20 billion and $3 billion withdrawn respectively. In response, the firm has introduced lower-fee versions of these funds, attracting over $700 million in inflows thus far. These approvals have contributed to a surge in Bitcoin and Ethereum prices, indicating a renewed investor confidence in the cryptocurrency market. Related Reading: Crypto Analyst Says Bitcoin Price Can Port To $86,600 If It Breaks This Level Other asset managers are also positioning themselves to launch ETFs that include smaller tokens such as Solana, XRP and Litecoin, with recent filings from Canary Capital and Bitwise Invest highlighting a broader trend to integrate a wider range of cryptocurrencies into regulated investment vehicles, despite increased scrutiny from regulators in the US. At the time of writing, the largest cryptocurrency on the market, BTC, is trading at $67,750, up a substantial 11% on a weekly basis. Featured image from DALL-E, chart from TradingView.com
As the week progressed, the Bitcoin (BTC) price steadily climbed toward its all-time high of $73,700 in March of this year. This upward momentum is in line with the predictions of various market experts, expecting significant gains for the leading cryptocurrency by the end of the year. One such expert, crypto analyst Gert van Lagen, recently shared his insights on Bitcoin’s price trajectory via social media platform X (formerly Twitter). He analyzed BTC’s parabolic curve and identified a distinctive step-like formation pattern, which he believes signals a colossal wave 5 rally in the coming months. Potential ‘Shake-Out Of The Century’ In his analysis, van Lagen presented a Bitcoin chart demonstrating that the cryptocurrency has successfully navigated several hurdles since April 2023. He categorized the price movement into three distinct phases, marking the base of the uptrend pattern that has ignited the current bullish trend. Currently, van Lagen notes that Bitcoin’s price action is centered around base 4 of this pattern, indicating a consolidation phase between the $53,700 and $68,000 levels, with the former identified as bull market support for this cycle. Related Reading: Dogecoin Sees Sharp Decline: Over 106,000 Wallets Abandon The Memecoin Van Lagen asserts that the validation of Wave 4 is imminent as Bitcoin approaches its record peak. He predicts that once Bitcoin breaks through base 4 and achieves a new all-time high, it could trigger a substantial rally in wave 5, potentially targeting prices around $250,000. However, the analyst also warns of a significant downturn that may follow this surge. He suggests that once Bitcoin reaches the anticipated peak, a “recession” could ensue, with price targets plummeting to as low as $10,000, and in a more extreme scenario, down to $1,000. He describes this potential decline as the “shake-out of the century,” should these projections materialize. In the medium term, the increased volatility that has characterized Bitcoin’s price over the past month has prompted the analyst to explain that if Bitcoin fails to break through the $70,000 resistance level – a barrier it has struggled with in four previous attempts – then the $57,500 level will serve as a crucial support level for the cryptocurrency. Historical Patterns Suggest Bitcoin Price Increases Ahead In another sign of confidence in the biggest cryptocurrency’s prospects for further gains, Blockforce Capital’s Brett Munster noted that conditions are ripe for a “perfect storm” favoring Bitcoin and other cryptocurrencies after six months of price consolidation. Munster highlighted the role of global liquidity in this potential surge, pointing to increased capital injections from central banks worldwide. Notably, China has implemented stimulus measures to revitalize its economy. Related Reading: Ethereum Open Interest Sees Fastest Rise In 5 Months: Brace For More Volatility? Historical data suggests that when global liquidity surpasses its moving average, it often coincides with substantial price increases for Bitcoin. In addition, optimism in the crypto market is further bolstered by a commitment from US Vice President Kamala Harris to support a regulatory framework for cryptocurrencies in response to long-standing concerns from the crypto community regarding the regulatory environment. At the time of writing, BTC has been trading at $68,300, up 3.6% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC) has made a bold move, breaking past the crucial $65,000 level and sparking renewed hope of reaching its all-time high. As bullish momentum builds, the market is watching closely to see if this breakthrough could be the start of a larger rally. With previous resistance now behind it, can Bitcoin continue its upward journey and reclaim its record peak? Or will market forces pull it back before reaching new heights? The aim of this article is to explore BTC’s impressive move past the $65,000 level and evaluate its prospects of hitting a new peak. This piece will offer a comprehensive outlook on whether BTC can sustain its rally or face resistance as it approaches record territory through a detailed look at current market dynamics, rising power, and potential challenges. What Breaking The $65,000 Barrier Means For Bitcoin Currently, on the 4-hour chart, Bitcoin is sustaining its position after successfully surpassing the $65,000 mark while trading above the 100-day Simple Moving Average (SMA). By maintaining its position above the $65,000 mark and the 100-day SMA, BTC demonstrates resilience and potential for further upward momentum toward its all-time high of $73,811. An analysis of the 4-hour Relative Strength Index (RSI) shows a significant surge, climbing to 77% after dropping to 50%, indicating strong bullish pressure for Bitcoin. While this increase signals growing positive market sentiment, it also raises concerns about the sustainability of the rally, as a possible price correction could occur if profit-taking ensues. Related Reading: Bitcoin Price Gains Steam: Is a New Surge on the Horizon? Furthermore, the daily chart indicates that Bitcoin is trading above the 100-day SMA, which is a strong signal of upbeat momentum. This upward movement is marked by a rebound at the $65,000 level, demonstrating significant buying interest from investors. The fact that BTC is consistently above the 100-day SMA suggests a solid trend and that the bulls are eager to push prices higher, potentially leading to more upside movement if pressure continues to build. Lastly, the RSI on the daily chart is currently positioned at 66%, significantly above the pivotal 50% threshold, which indicates a bullish trend for Bitcoin. At 66%, the RSI indicates that BTC’s positive pressure will likely persist, supporting the possibility of continued price gains in the near term as it has not yet reached the overbought territory. Technical Outlook: What Charts Indicate About BTC’s Next Move A technical outlook for Bitcoin indicates a cautiously optimistic trajectory as the cryptocurrency maintains its position above key support levels. Thus, the next resistance level to monitor is its current all-time high of $73,811. A successful breach above this level could pave the way for Bitcoin to reach new heights, potentially setting the stage for a new record. Related Reading: Bitcoin Price Restarts Its Climb: Is The Rally Back On? However, if bears take control at the $73,811 resistance level, the price may start to decline toward the $65,00 support range. Additionally, a drop below this level could trigger a deeper decline, possibly leading to a test of the $60,000 support level and beyond. Featured image from Unsplash, chart from Tradingview.com
The Bitcoin price started this week on a high in what was an unprecedented move for many market participants. After spending the early days of October to disappoint investors, the Bitcoin price banged over $66,000 for the first time in many weeks. Interestingly, this price action has seen the Bitcoin price once again approaching a […]
Given that the market has recently driven up the price of Bitcoin once again to the pivotal $65,000 level, traders and investors are currently seeing huge profits from their positions, especially holders of the crypto asset in the short term. Short-Term Bitcoin Holders In The Green A recent report from the world’s leading on-chain and […]
Bitcoin has recently shown significant momentum, reaching its highest level since July, briefly touching $67,900 and recovering 7%. This surge follows a dip to $58,900 at the end of last week, further fueling bullish sentiment among investors optimistic about the cryptocurrency’s potential to reach new heights before the end of the year. However, according to research from multinational bank Standard Chartered, this optimistic outlook may be realized even sooner than expected. Key Factors Behind BTC’s Price Surge Geoff Kendrick, the head of digital asset research at Standard Chartered, recently estimated that the Bitcoin price could hit $73,800 ahead of the US presidential election on Tuesday November 5 , representing a 10% increase from current levels. particularly in relation to one of the largest public BTC holders, MicroStrategy, which recently increased its holdings to 252,000 BTC, led by the vision of co-founder and renowned Bitcoin bull Michael Saylor. Related Reading: Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead? Historically, MicroStrategy and Bitcoin have traded in tandem; however, Kendrick notes that MicroStrategy’s stock has recently outperformed Bitcoin, suggesting a developing premium that could drive Bitcoin prices higher in the coming days. Two key factors underpin this bullish outlook. The first is the news, reported by Bitcoinist last month, that BNY Mellon has received an exemption from SAB 121, a regulation that requires financial institutions to list cryptocurrencies on their balance sheets. Kendrick explains that such regulatory relief is often seen as a positive signal for the broader Bitcoin market, potentially encouraging wider institutional adoption and therefore acting as a bullish catalyst for the ongoing rally seen in recent days. The second factor relates to MicroStrategy’s declared intention to evolve into a “Bitcoin bank,” which would involve offering Bitcoin capital market instruments. Kendrick believes that future exemptions could enable the firm to generate yield by lending out its Bitcoin holdings. The analyst argues that as the digital asset ecosystem gains legitimacy and accessibility, MicroStrategy’s valuation should rise, further benefiting BTC’s price over the long term. Both Presidential Candidates Could Boost Bitcoin price Regarding the upcoming presidential election, Kendrick views the outcome as secondary to these fundamental factors. He asserts that regardless of whether Donald Trump or Kamala Harris wins, the broader digital asset ecosystem is increasingly poised to become mainstream. Related Reading: SUI Records Substantial 120% Price Surge, But Insider Selling Claims Raise Red Flags While Kendrick has previously suggested that a Trump presidency would be the most beneficial scenario for BTC, with notable proposals for the industry including the establishment of a Bitcoin reserve for the country, he maintains that both candidates could positively impact the asset in the long term. In fact, Kendrick projects that if Trump regains the presidency, the Bitcoin price could soar to as high as $125,000 by the end of 2024. At the time of writing, BTC trades at $67,000, still holding to some of its gains of 2% in the 24-hour time frame despite quickly retracing before hitting $68,000. Featured image from DALL-E, chart from TradingView.com
Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $66,400 resistance zone. Bitcoin Price Surges Over 5% Bitcoin price formed a base and started a fresh increase above the $62,500 resistance. BTC cleared the $63,500 resistance to move into a positive zone. The price even rallied above the $65,000 and $65,500 resistance levels. Finally, the price stalled near the last key resistance at $66,400. A high was formed at $66,398 and the price is now consolidating gains. There was a minor decline below the $66,000 level. The price is now approaching the 23.6% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. Bitcoin price is now trading above $65,000 and the 100 hourly Simple moving average. There is also a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $66,000 level. The first key resistance is near the $66,400 level. A clear move above the $66,400 resistance might send the price higher. The next key resistance could be $66,850. A close above the $66,850 resistance might initiate more gains. In the stated case, the price could rise and test the $67,500 resistance level. Any more gains might send the price toward the $68,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $66,400 resistance zone, it could start another decline. Immediate support on the downside is near the $65,400 level and the trend line. The first major support is near the $64,250 level or the 50% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $65,400, followed by $64,250. Major Resistance Levels – $66,000, and $66,400.
Bitcoin’s recent price swings seem to have sparked a wave of uncertainty among retail and institutional investors as its Open Interest (OI) has witnessed a significant decline in light of several negative factors hindering the market, such as macroeconomic turbulence. Is Bitcoin Poised For A 2021-Style Performance? In a pessimistic development, the open interest in […]
According to data from CoinMarketCap, Bitcoin (BTC) gained by 4.08% in the last 24 hours as it briefly traded above the $63,000 price mark. Notably, this price rise comes following a decline that saw the market leader trade below $59,000 on Thursday. While the market sentiment is currently bullish, certain conditions are needed to procure an actual bullish breakout. Related Reading: Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming? Bitcoin On The Brink Of Short-Term Bullish Run Following Bitcoin’s price ascent to around $62,000 on Friday, CryptoQuant analyst with the username Yonsei_dent shared a key insight on the asset’s potential price movement. In a Quickake post, Yonsei_dent highlights $62,700 to be the key price level for short-term holders i.e. $62,700 represents the average price at which many short-holders acquired Bitcoin, which the analyst states has remained consistent for the last three months. Therefore, this presents a critical price level for BTC, a movement above which signals a change in a market shift and can spur buying activity from short-term holders. However, Yonsei_dent notes that Bitcoin needs to rise above $63,000 to initiate a significant bullish momentum over the coming weeks. Since this price commentary, Bitcoin has traded above $63,000, albeit temporarily before retracing to around $62,300. This brief breakout can be traced to a lack of significant trading volume, a condition critical to the short-term bullish breakout deceived by Yonsei_dent. Currently, Bitcoin’s trading volume is valued at $30.75 billion, however, reflecting only a minor 2.94% gain in the last 24 hours. If the price of BTC returned above $63,000 with a marked increase in trading activity, the premier cryptocurrency could rise to around $67,000, at which lies its next significant price resistance level. Related Reading: Is The Bitcoin Bull Run Over? Top Analyst Predicts What’s Next For Crypto Bitcoin Approaches Critical November In contrast to popular sentiments, Bitcoin has so far experienced a rather tumultuous experience in October. And while the crypto market leader may eventually pull off an “Uptober”, November is shaping up to potentially provide the needed bullish drivers for the BTC market. Firstly, investors expect the Federal Reserve to implement a 25 basis points cut which would avail more liquidity for volatile assets such as Bitcoin. Furthermore, the upcoming US elections have also gained significant influence in the crypto market with digital asset regulation becoming a major policy discussion. If pro-crypto Republican candidate Donald Trump secures victory over Vice President Kamala Harris, analysts are hopeful the Bitcoin bull run will finally take off. At the time of writing, Bitcoin trades at $62,697 reflecting a 1.07% gain in the last week. Featured image from Forbes, chart from Tradingview
The Bitcoin price briefly crashed below $60,000 for the first time since September. This price decline followed the release of the Consumer Price Index (CPI) inflation data, which came in higher than expected. This macro data and factors like the US presidential elections are causing market uncertainty, leading to a bearish outlook for the flagship […]
In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors. Originally set for October 31, 2024, the new deadline for repayments has been pushed to October 31, 2025. Mt. Gox Trustee Announces New Repayment Timeline This delay is particularly notable given that the repayment of approximately 200,000 BTC to creditors could have exerted downward pressure on Bitcoin’s price. Had the repayments proceeded as scheduled, there was concern that many affected investors might liquidate their holdings en masse, potentially exacerbating Bitcoin’s existing downtrend and leading to a sharp price decline. Related Reading: SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’ In a statement released on Thursday, the Rehabilitation Trustee outlined the current status of the repayment efforts. It noted that while significant progress has been made in processing repayments, many creditors have yet to receive their funds due to incomplete procedures or issues encountered during the repayment process. The Trustee stated: With the exception of certain types of repayments, the Rehabilitation Trustee has largely completed the Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment for rehabilitation creditors who have completed the necessary procedures. However, the statement highlighted that a considerable number of rehabilitation creditors still await their repayments. In light of these challenges, and with permission from the court, the Trustee determined it was in the best interest of all parties to extend the deadline for repayments. Key Levels To Watch For Bitcoin Amid Ongoing Fluctuations Despite recent optimism surrounding the Bitcoin market, the cryptocurrency has once again fallen below the critical $60,000 mark. This decline follows a brief uptrend triggered by the US Federal Reserve’s (Fed) decision to cut interest rates on September 18, which initially boosted confidence among crypto investors. Bitcoin had rallied to approximately $66,500 on September 27, marking its best September performance in over a decade. However, the cryptocurrency has since faced a sell-off, resulting in losses exceeding 2% in the last 24 hours and nearly 9% over the past two weeks. Related Reading: XRP Could Surge To $60 Overnight Using SWIFT Model, Expert Says Crypto analyst Rekt Capital has pointed out that Bitcoin is currently down around 6% for October. Historically, the cryptocurrency has experienced downturns in October only twice: in 2014, when it fell by 12.95%, and in 2018, with a decline of 3.83%. Both years were characterized by bear market conditions. With the current year being a Halving year—an event that historically has led to price increases—there is a prevailing sentiment that Bitcoin may avoid a negative monthly close this October, according to Rekt’s analysis. Rekt Capital also noted that Bitcoin is currently testing the Weekly Re-Accumulation Range Low, which is around $60,600. This level serves as crucial support, and maintaining a weekly close above it could set the stage for a potential upward movement. Conversely, if Bitcoin fails to hold this support, the analyst warns that it could lead to further declines, potentially pushing the price below $55,000. At the time of writing, BTC trades at $59,650, as seen in the daily BTC/USDT chart below. Featured image from DALL-E, chart from TradingView.com
Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed. Bitcoin Prices Flashes Fractal Similar To October 2023 TradingShot mentioned in a TradingView post that the Bitcoin fractal similar to the one that occurred in October 2023 is happening again. He explained that the similarities are more evident in the 1D timeframe, where the Bitcoin price currently ranges within the 1D 50-day moving average (MA) and the 1D 200 MA. According to him, BTC also traded similarly precisely a year ago in the first two weeks of October 2023. Related Reading: Dogecoin Vs. Bitcoin: Gauging The Performances Of Two Crypto Giants This Cycle In October 2023, BTC is said to have made a marginal break above the 1D 200 MA before quickly pulling back below it. TradingShot further revealed that the Bitcoin price started its “long-term aggressive rally” of the Channel Up after it tested and held the 1D 50 MA, peaking on March 14 this year, when it hit its current all-time high (ATH) of $73,000. Interestingly, Bitcoin tested and held this 1D 50 MA at the start of this month, indicating another long-term aggressive rally might be on the horizon. TradingShot claimed that as long as the 1-week 50 MA continues to hold as the long-term support, there is a high probability that the Bitcoin price could hit $100,000 even before the end of this year. From a fundamentals angle, market experts like Standard Chartered have also predicted that Bitcoin could reach $100,000 even before the US presidential elections on November 5. Meanwhile, Bernstein analysts expect BTC to at least come close to this price level based on their prediction that the flagship crypto could hit $90,000 if Donald Trump wins the elections. What Next For The Leading Crypto? The Bitcoin price has remained stagnant amid market uncertainty thanks to the macro data, the upcoming US elections and rising tensions in the Middle East. This has raised questions about what to expect next from the leading crypto with such a bearish outlook. Crypto analyst Ali Martinez has provided some insights, predicting that BTC could soon lose the $60,000 support level. Related Reading: Standard Chartered Analysts Says Ethereum Price Will Reach $10,000 If This Happens While noting that Bitcoin remains stuck in a descending parallel channel, Martinez remarked that a recent rejection of the upper bounder could lead to a decline to the middle boundary at $58,000. He added that the BTC price could drop to the lower boundary at $52,000. According to him, a bullish breakout for Bitcoin won’t happen until its price clears $66,000. At the time of writing, the Bitcoin price is trading at around $61,000, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside. Bitcoin’s Mega Bull Run Begins To Unfold Bitcoin is reportedly set for explosive growth as the crypto […]
Lately, the price of Bitcoin has been fluctuating due to overall market turbulence, causing broader fear and uncertainty within the general crypto landscape. Considering the current trend of several indicators, the digital asset could be poised for more volatility in the upcoming days. Bitcoin’s Price Set To Experience High Volatility Shortly As Bitcoin approaches crucial […]
The Irish Criminal Assets Bureau (CAB) is facing significant challenges in accessing €350 million or approximately $383 million in Bitcoin (BTC) seized from a former drug dealer. The cryptocurrency, currently stored in 12 separate wallets, has become a point of contention for the Irish agency, which has been unable to unlock the assets for over […]
In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem. This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in Singapore. Memecoins Challenge Traditional Cryptocurrencies According to Murad, only 43 tokens have surpassed Bitcoin’s performance in 2024, with 13 of those being memecoins. Notably, eight of the top ten performers in the market this year are also memecoins. Murad emphasized that this cycle is distinct from previous ones, asserting, “The memecoin cycle is not a prediction; it has already begun—memecoins are dominating by virtually every metric.” Related Reading: TON Recovery Stalls: Another Price Decline Hinders Bullish Efforts The rise of memecoins can be attributed to several factors, particularly their ability to resonate with retail investors seeking community, identity, and excitement, rather than merely potential financial gains. As Murad puts it, “Memecoins are a superior version of altcoins.” The appeal of memecoins extends beyond speculation; it is alleged that they have cultivated a culture that fosters community and “emotional connection” among investors. Murad noted that these tokens enable users to engage in a shared experience, bringing real value through stories that “create trends and spark movements”. Success stories of significant gains—such as those seen with tokens like dogwifhat (WIF) and Pepecoin (PEPE)—propagate quickly, fueling interest and excitement in the memecoin space over the past year. According to Deutscher, the most successful cryptocurrencies have developed strong communities, often resembling “cult-like followings.” Cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin have thrived on this dynamic, and memecoins are fully embracing it. SPX And GIGA Capture Retail Attention Murad further explained that the recent performance of altcoins on platforms like Binance has further fueled the memecoin narrative. Almost every altcoin listed this year is trading below its listing price, with only two exceptions: WIF, a memecoin, and JUP, which facilitates memecoin trading. Murad further alleges that retail investors prioritize making money (70%), having fun (20%), and feeling a sense of belonging (10%). Murad argues that memecoins embody this speculative nature, akin to the Initial Coin Offering (ICO) boom of 2017, but in a new form. Instead of initial coin offerings, Murad sees that memecoins are allowing early-stage investments at lower valuations, which contrasts sharply with altcoins, where most upside is captured in private markets. Related Reading: Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here? Deutscher also praised that as the memecoin phenomenon continues to grow, Murad’s insights have already influenced market dynamics, sparking one of the strongest memecoin rallies of the year. Tokens dubbed “Murad coins,” such as SPX and GIGA, have seen substantial gains, resonating with retail investors who are drawn to the excitement of potential profits. At the time of writing, the SPX is trading at $0.575, up a remarkable 35% in the 24 hour time frame, showing the impact of Murad’s participation in the TOKEN2049 in early September this year. Featured image from DALL-E, chart from TradingView.com
In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors. After witnessing three consecutive […]
After days of anticipation, HBO is set to release its highly awaited documentary exploring the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC). While many are eager to uncover the individual behind this pseudonym, one expert warns that the documentary could lead to significant price manipulation in the Bitcoin market before its release. In a recent post on X (formerly Twitter), market analyst OxNobler cautioned that while the focus may be on Nakamoto’s identity, the real issue lies in the potential “market manipulation” allegedly orchestrated by HBO’s parent company, Warner Bros. HBO Prepares To Unveil Satoshi Nakamoto’s Identity The identity of Satoshi Nakamoto has long puzzled the cryptocurrency community, with various theories emerging over the past decade. Related Reading: Bitcoin Price Forecast: This Week’s Trends And Historical Patterns For Q4 As recently reported by Bitcoinist, one prominent candidate is Len Sassaman, a developer known for his work on remailer technology, a precursor to Bitcoin. Proponents of this theory point to several key facts, such as technical contributions, collaboration with Hal Finney, the first recipient of a BTC transaction, and a memorial to Sassaman encoded in the blockchain. While many previously believed that Hal Finney was the man behind the Nakamoto pseudonym, new evidence has surfaced, prompting an ongoing re-examination of the mystery. However, OxNobler warns that the current media push to reveal Nakamoto’s identity may have another purpose. Bitcoin Manipulation Linked To HBO’s Documentary? The expert highlights the documentary’s release date, which coincides with key financial events, including the US Federal Reserve’s recent interest rate cut on September 18, the upcoming US elections and the confirmed $16 billion payout by FTX to creditors affected by its collapse in 2022. These factors, combined with potential changes to China’s cryptocurrency regulations, suggest that the revelation of Nakamoto’s identity could have far-reaching implications beyond mere price fluctuations, according to OxNobler. The expert emphasizes the involvement of large institutional investors such as asset managers BlackRock, Vanguard and Fidelity, major players in the Bitcoin exchange-traded fund (ETF) space and Warner Bros. According to OxNobler’s analysis, these entities significantly impact the market, often initiating bull runs or selling off at the peak of excitement, with the upcoming documentary event perhaps having the same results for the Bitcoin price. Related Reading: Dogecoin Could Be Preparing For Next Big Rally, Analyst Explains Ultimately, OxNobler speculates that HBO may adopt one of two bullish approaches in the documentary. In a “moderate scenario,” the film could present several candidates as possible identities for Satoshi Nakamoto without definitively naming one. Alternatively, in an “all-in scenario,” the expert suggests that the HBO documentary might explicitly name the individual behind the Nakamoto alias and reveal that they passed away long ago. The expert believes this revelation would mean that no one would have access to Nakamoto’s substantial holdings, potentially removing over 5% of the total Bitcoin supply from circulation and having a bullish effect on prices. At the time of writing, BTC has managed to consolidate at $62,350 after the volatility at the end of last week saw the largest cryptocurrency on the market retreat to $59,500. Featured image from DALL-E, chart from TradingView.com
Last week, Bitcoin (BTC) experienced considerable volatility, climbing to a two-month high of $66,500 before falling back to a low of $59,500 at the end of the week. However, the leading cryptocurrency has resumed its upward trajectory, hitting $64,500 on Monday. Higher Highs And Bullish Trends Crypto analyst Doctor Profit recently released a report commenting on the recent price movements, noting that Bitcoin has successfully printed a new higher high for the first time since reaching its all-time high (ATH). According to the analyst, this development challenges the bearish narrative that had suggested Bitcoin would continue to decline, based on a theory of higher highs and lower lows. “Their own theory has given them a slap right in the face,” he remarked, suggesting that the recent price action should serve as a wake-up call for some skeptics. Related Reading: FET Gears Up for Gains: Bullish Momentum Eyes $1.8 Breakout Doctor Profit also noted that the higher high/lower low pattern tends to break down during strong sideways movement, particularly when key moving averages are involved. The analyst highlighted Bitcoin’s recent retest of the 50-day moving average (MA50), placed at the $60,000 level met with strong bullish momentum, reinforcing his view that Bitcoin remains bullish. Doctor Profit plans to establish new long positions around the $60,400 level, should the market revisit that area. In terms of short-term targets, Doctor Profit sees $66,000 as a clear objective, expressing confidence in the potential for Bitcoin to reach this level soon. He also noted the significance of upcoming economic data, with crucial Producer Price Index (PPI) and Consumer Price Index (CPI) inflation reports scheduled for release this Thursday and Friday. Bitcoin Consolidation Phase Nearing End? Adding to the optimistic outlook for the BTC market, another analyst, TedPillows, recently indicated that Bitcoin’s current consolidation phase may be nearing its end after nearly six months of trading below the $70,000 level. He compared previous market cycles and noted that BTC consolidated for 161 days after the 2016 halving and 175 days after the 2020 halving. Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible With the current consolidation phase ongoing for 168 days, Pillows suggests that Bitcoin is either on the verge of exiting this phase or is already at its conclusion. This analysis hints at the possibility of Bitcoin achieving a new all-time high above the previous record of $73,700 reached in March of this year. When writing, the largest cryptocurrency on the market is trading at $63,835, up 2% in the last 24 hours and maintaining its 17% gain for the month. Featured image from DALL-E, chart from TradingView.com
The upcoming release of an HBO documentary centered on the long-speculated identity of Bitcoin’s (BTC) creator, Satoshi Nakamoto, has ignited a frenzy in the cryptocurrency space, particularly with creating new memecoins. According to a Bloomberg report, these tokens are being launched to capitalize on the renewed interest in Nakamoto’s true identity. Are Memecoins Back In […]