The integration enhances user access to secure, efficient staking, bolstering participation in the blockchain ecosystem and expanding market reach.
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Bitcoin could stage a recovery above $66,000 by September but faces significant resistance around $61,700.
A recent report by Bloomberg revealed that new hedge funds, pension funds, and banks own and continue to pour capital into the successful spot Bitcoin ETF market launched earlier this year in the United States. 701 New Funds Enter Bitcoin ETF Arena The latest data from Bloomberg indicates that following the recent deadline for filing […]
Do you know though the upcoming US presidential election is anticipated to be a battle between Democrats and Republicans, the actual fight is going to be between pro-crypto groups and anti-crypto groups? Along with the declaration of the election result, something else, more sensitive, will also be pronounced, ‘the destiny of the US cryptocurrency industry.’ …
Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post on X: 10,000 Silk Road BTC ($593.5M) moved to Coinbase Prime. Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just been sent on to 33J, a Coinbase Prime deposit wallet.” Is The US Gov Selling Bitcoin? This transaction comes on the heels of a June announcement from the US Marshals Service (USMS), part of the Department of Justice, detailing a new partnership with Coinbase Prime to provide custody and advanced trading services for the agency’s “Class 1” (large cap) digital assets. The community is torn over whether these moves signify the selling of the Bitcoin or merely a transfer for custody purposes. Thus, many speculated that the US gov is not selling. Related Reading: Sovereign Wealth Funds Could Take Bitcoin To $148,000: Researcher However, Scott Johnsson, a finance lawyer and general partner at Van Buren Capital, expressed a distinct view today, arguing that the transaction signals a definitive sale of the seized assets by the US government. Johnsson remarked: “Yes, US Marshal Service (USMS) is almost certainly selling silk road Bitcoin […] USMS has been sending BTC to a custodial address required by the terms of the servicing agreement […] Given the agreement requires USMS assets remain completely segregated, whenever a transfer is ultimately made to CB prime (or other commingled exchange address), you can be sure USMS has already sold or is selling imminently.” Johnsson further supported his claim by referencing the DOJ’s Office of Inspector General (OIG) report and the crypto services agreement RFP, which stipulate the rapid liquidation of assets within five business days of forfeiture and the necessity of segregated wallet addresses to prevent co-mingling with other assets. It states: “The USMS intends to resolve this issue using its planned cryptocurrency services contract, which will require the contractor to liquidate cryptocurrency within 5 business days of the asset being forfeited.” Related Reading: Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon? Johnsson anticipates that formal confirmation of these sales might not emerge until the publication of the DOJ’s Asset Forfeiture Program FY2024 report in January. However, the unfolding events could provide earlier indications as more details become available through official channels or subsequent asset movements. “Official confirmation will definitively come (at the latest) upon the DOJ’s Asset Forfeiture Program FY2024 report in January, if not earlier. I also don’t think it’s a coincidence this began in earnest following the Trump speech.” Users on X expressed their confusion regarding Johnsson’s analysis. Rodeo queried: “These coins were supposed to be sold by the end of last year[…] You’re saying the act of transferring these coins to Coinbase from their current address is enough to imply selling because the Coinbase addresses are not completely segregated addresses?” Responding to these concerns, Johnsson clarified: “Not necessarily Coinbase alone (there’s an interim segregated custody step), but once they hit commingled addresses it’s reasonable to infer they’re sold. And yea, there was a backlog of forfeited BTC that was supposed to be sold already. Finalizing the services agreement appears to have been (at least part of) the hold up.” Notably, the latest BTC transaction by the US government comes just a few weeks after Republican presidential candidate Donald Trump proposed to establish a “strategic national Bitcoin stockpile” at the Bitcoin 2024 conference. After that, rumors emerged that Democrats under the lead of Kamala Harris could empty the BTC holdings by the US government from confiscations. While Harris pleads to take a more pro-crypto stance, several experts refuse this claim, based on the latest actions by her. At press time, BTC traded at $59,336. Featured image created with DALL.E, chart from TradingView.com
The upgrade deployment script failed to call an important initialization function, leaving the vote threshold at zero and allowing anyone to withdraw ‘without signature.’
The upgrade deployment script failed to call an important initialization function, leaving the vote threshold at zero and allowing anyone to withdraw “without signature.”
As Ripple (XRP) investors eagerly anticipate a price surge to $0.60, a new player in the cryptocurrency market is capturing significant attention: Mpeppe (MPEPE). This emerging ICO is quickly drawing interest from notable Pepecoin (PEPE) whales, and here’s why the buzz around Mpeppe (MPEPE) is worth watching. Ripple (XRP)’s Current Trajectory: Awaiting the $0.60 Milestone […]
After a massive price decline in Bitcoin (BTC), now it has reclaimed its $58,000 level. This massive recovery in the BTC price potentially occurred due to the higher interest from whales and institutions. On August 16, 2024, Bitcoin Whale withdrew a significant 533 BTC worth $31 million from Binance at an average price of $58,188, …
Two rival memecoins are making waves and drawing significant attention from investors seeking massive returns. Pepe Unchained (PEPU) and Mpeppe (MPEPE) have emerged as exciting contenders, promising potential gains that could reach 1500x. Here’s why these tokens are capturing the spotlight and how they could help you secure your financial future. Pepe Unchained (PEPU) : […]
Initial coin offerings (ICOs) often set the stage for the next wave of innovation and financial opportunity. Recently, two ICOs Pepe Unchained (PEPU) and Mpeppe (MPEPE) have caught the attention of investors and analysts alike, with predictions of significant gains on the horizon. Let’s delve into why these tokens are generating such excitement and what […]
Investors are constantly on the lookout for the next big opportunity that could mirror the success of past winners. Recently, a notable shift has occurred as late Pepecoin (PEPE) investors are jumping on the early bandwagon of Mpeppe (MPEPE), aiming for returns akin to those seen with Pepecoin (PEPE). Here’s a detailed look at why […]
Recent price dips in Shiba Inu (SHIB) have spurred investors to seek new opportunities, with many turning their attention to a rising challenger in the memecoin arena: Mpeppe (MPEPE). Here’s a deep dive into why investors are gravitating toward Mpeppe (MPEPE) and how it could potentially deliver massive profits. Shiba Inu (SHIB): The Current Dip […]
Recently, a new trend has emerged where investors in Pepe Unchained (PEPU) are forging strong connections with their rival, Mpeppe (MPEPE), driven by the promise of significant financial gains. Here’s a deep dive into why these two tokens are capturing investor interest and how they are creating opportunities for massive profits. Pepe Unchained (PEPU) and Mpeppe (MPEPE): A Dynamic Duo in the Crypto Space Pepe Unchained (PEPU): A Familiar Face with a Fresh Twist Pepe Unchained (PEPU) has quickly become a notable player in the cryptocurrency market. Building on the success of its predecessor, Pepecoin, Pepe Unchained (PEPU) introduces enhanced features and functionalities designed to elevate the memecoin experience. By leveraging the viral nature of memes and community engagement, Pepe Unchained (PEPU) aims to create a robust and interactive ecosystem that appeals to both seasoned and new investors. Mpeppe (MPEPE): The Rising Star in the Memecoin Galaxy Mpeppe (MPEPE) is making waves with its innovative approach to blending memecoin culture with the excitement of sports and gambling. Positioned as a successor to the Pepecoin legacy, Mpeppe (MPEPE) incorporates advanced DeFi elements, such as yield farming and liquidity mining, into its tokenomics. This combination of sports fandom and financial innovation has captured the attention of investors looking for the next big opportunity in the crypto space. Why Investors Are Flocking to Both ICOs The Allure of Massive Gains One of the primary reasons investors are gravitating toward both Pepe Unchained (PEPU) and Mpeppe (MPEPE) is the potential for substantial financial returns. Both ICOs are positioned to benefit from current market trends, including the rising interest in memecoins and the growing adoption of decentralized finance (DeFi). Analysts and market experts have forecasted impressive gains for both tokens, making them attractive options for investors seeking high returns. The Power of Community and Viral Culture The success of memecoins often hinges on their ability to harness community enthusiasm and viral culture. Pepe Unchained (PEPU) and Mpeppe (MPEPE) both excel in this area, leveraging their respective fanbases to drive growth and engagement. For investors, this means being part of a vibrant and active community that can amplify the success of their investments. Conclusion: A Strategic Move for Investors The collaboration between Pepe Unchained (PEPU) and Mpeppe (MPEPE) represents a strategic opportunity for investors looking to capitalize on the growth of memecoins and DeFi innovations. By diversifying their portfolios and embracing both tokens, investors can position themselves for substantial returns while benefiting from the unique features and strengths of each project. As Pepe Unchained (PEPU) and Mpeppe (MPEPE) continue to make waves in the cryptocurrency market, their combined potential offers an exciting prospect for those looking to achieve massive gains in the dynamic world of crypto investing. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Investors are continually seeking the next big opportunity. Recently, a noteworthy trend has emerged: experienced Ripple (XRP) investors are diversifying their portfolios by adding Mpeppe (MPEPE), a new and exciting token gaining traction in the market. Here’s why this shift is generating buzz and what it means for both tokens. Ripple (XRP) Investors Seek Diversification with Mpeppe (MPEPE) A Strategic Move for Higher Returns Seasoned Ripple (XRP) investors are making headlines by incorporating Mpeppe (MPEPE) into their portfolios. This move isn’t just a shot in the dark; it’s a strategic decision aimed at leveraging Mpeppe (MPEPE)’s potential for high returns. Given Ripple (XRP)’s established position and the evolving nature of the crypto market, investors are looking for emerging assets that could offer substantial gains, and Mpeppe (MPEPE) fits the bill. Mpeppe (MPEPE)’s Allure: Combining Memes with DeFi Mpeppe (MPEPE) is drawing interest for its unique blend of meme culture and decentralized finance (DeFi) features. Built on the Ethereum blockchain, Mpeppe (MPEPE) integrates elements such as yield farming and liquidity mining, which appeal to both meme enthusiasts and serious investors. This dual appeal makes it an attractive option for those looking to diversify and capitalize on emerging trends. Ripple (XRP) Investors’ Perspective: Why Mpeppe (MPEPE) is a Wise Choice Balancing Risk and Reward For Ripple (XRP) investors, adding Mpeppe (MPEPE) to their holdings represents a calculated risk with the potential for high rewards. While Ripple (XRP) remains a strong asset with its own growth prospects, Mpeppe (MPEPE) offers a different kind of opportunity. By diversifying into Mpeppe (MPEPE), investors are positioning themselves to benefit from potential gains in a burgeoning sector of the crypto market. Leveraging Market Trends The current market trends favor innovation and new technologies, making Mpeppe (MPEPE) an appealing choice. As DeFi continues to grow and the popularity of meme-based tokens rises, Mpeppe (MPEPE) is well-positioned to capitalize on these trends. Ripple (XRP) investors are recognizing this and adjusting their strategies accordingly. Future Outlook: What’s Next for Ripple (XRP) and Mpeppe (MPEPE) Potential for Continued Growth Both Ripple (XRP) and Mpeppe (MPEPE) have promising futures ahead. Ripple (XRP)’s established position and ongoing developments in the regulatory space suggest continued growth potential. Meanwhile, Mpeppe (MPEPE)’s innovative features and community-driven approach indicate significant room for expansion and increased value. Investment Strategies Moving Forward Investors looking to maximize their returns should keep an eye on the evolving landscape of both Ripple (XRP) and Mpeppe (MPEPE). Diversification remains a key strategy, and understanding the unique attributes of each token will be crucial for making informed investment decisions. Conclusion: A Strategic Shift in Crypto Investment The trend of Ripple (XRP) investors embracing Mpeppe (MPEPE) underscores a strategic shift in cryptocurrency investment. By incorporating Mpeppe (MPEPE)’s innovative DeFi features and meme culture appeal, investors are positioning themselves for impressive returns in a rapidly changing market. As both Ripple (XRP) and Mpeppe (MPEPE) continue to develop, staying informed and adaptable will be essential for maximizing gains and navigating the exciting world of cryptocurrency. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Recently, as the price of Pepecoin (PEPE) experiences a downturn, Mpeppe (MPEPE) has witnessed a notable influx of investors. This trend underscores the evolving interests within the crypto community and highlights the growing appeal of new, innovative tokens. Here’s an in-depth look at why investors are flocking to Mpeppe (MPEPE) and what sets it apart in the current market landscape. Why Investors Are Turning to Mpeppe (MPEPE) Pepecoin’s Recent Struggles Pepecoin (PEPE), once a celebrated memecoin with a significant following, is currently facing a price decline. Various factors have contributed to this dip, including market corrections, changing investor sentiments, and the emergence of new competitive tokens. As Pepecoin’s value wanes, investors are actively seeking alternative opportunities that promise better returns and growth potential. The Allure of Mpeppe (MPEPE) Amid Pepecoin (PEPE)’s struggles, Mpeppe (MPEPE) has emerged as a compelling alternative for investors. Mpeppe (MPEPE) offers a fresh approach to the memecoin concept, combining the viral nature of memes with innovative blockchain technology. Its unique proposition has caught the attention of those looking for the next big opportunity in the crypto space, driving a surge of investment into the token. The Impact of Pepecoin’s Decline on Mpeppe (MPEPE) Shifting Investor Sentiment The decline in Pepecoin (PEPE)’s price has led many investors to reassess their portfolios and seek alternative investments. Mpeppe (MPEPE), with its innovative features and growth potential, presents an attractive option for those looking to capitalize on the shifting market dynamics. The influx of new investors reflects a broader trend of reallocating resources towards promising new tokens. Opportunities for Early Adoption As Pepecoin (PEPE)’s price dips, early adoption of Mpeppe (MPEPE) offers the potential for significant gains. Investors who act quickly may benefit from the token’s upward trajectory as it gains traction and market presence. Mpeppe (MPEPE)’s early-stage pricing and strategic advantages position it as a strong contender for future growth. Future Prospects for Mpeppe (MPEPE) Growth Potential and Market Position Mpeppe (MPEPE)’s growth potential is fueled by its innovative approach and the increasing interest from investors. As it continues to attract attention and build momentum, the token is well-positioned to capture a substantial share of the market. The combination of DeFi integration and community focus sets Mpeppe (MPEPE) apart as a promising investment opportunity. Navigating Market Trends Investors are keenly watching how Mpeppe (MPEPE) navigates the evolving market trends. Its success will depend on its ability to maintain investor interest, deliver on its promises, and adapt to the changing crypto landscape. As Pepecoin (PEPE)’s decline highlights the volatility and rapid shifts in the market, Mpeppe (MPEPE) represents a new frontier for those seeking to capitalize on emerging trends. Conclusion: A New Opportunity in the Crypto Landscape The decline in Pepecoin (PEPE)’s price has created a fertile ground for Mpeppe (MPEPE) to attract a wave of new investors. With its innovative blend of memecoin culture and DeFi functionality, Mpeppe (MPEPE) offers a compelling alternative for those looking to capitalize on emerging opportunities in the cryptocurrency space. As the market continues to evolve, Mpeppe (MPEPE) stands out as a promising investment poised for growth, drawing interest from those seeking to benefit from the next big trend in crypto. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Bitcoin might be up 20% after flash crashing and breaching $50,000 in early August. However, the coin remains within a tight range while there is excitement. Looking at the events in the daily chart, Bitcoin is now moving between $57,000 and $63,000, stuck in a sideways movement even though traders are upbeat and expect prices […]
Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.
Two memecoins are currently capturing the spotlight: Pepe Unchained (PEPU) and Mpeppe (MPEPE). Both are riding high on the waves of meme culture and innovative features, and market watchers are eager to know whether they will experience a meteoric rise, potentially rallying by 1000%. Here’s a closer look at what the future might hold for these promising tokens. Pepe Unchained (PEPU): A Nostalgic Revival with a Modern Twist A Memecoin with a Mission Pepe Unchained (PEPU) is not just another memecoin; it’s a revival of the beloved Pepe meme with a strategic twist. Leveraging the viral success of Pepecoin, Pepe Unchained (PEPU) aims to reignite the meme culture with fresh and engaging features. The token is designed to captivate both old fans and new investors, making it a compelling investment opportunity. Innovative Features Driving Growth Pepe Unchained (PEPU) stands out with its unique offerings, such as staking rewards and community engagement initiatives. These features are intended to enhance user participation and loyalty, setting the stage for substantial growth. By integrating these mechanisms, Pepe Unchained (PEPU) could see a significant uptick in value, especially if the community continues to rally behind it. Mpeppe (MPEPE): Merging Memes with DeFi for Unprecedented Growth The DeFi Edge Mpeppe (MPEPE) is making waves by combining the excitement of meme culture with the functionality of decentralized finance (DeFi). This integration provides users with opportunities for yield farming, liquidity mining, and other DeFi activities, which adds a layer of practical value beyond mere speculation. Mpeppe (MPEPE)’s approach could attract a broad spectrum of investors interested in both financial gains and meme culture. Community and Utility: The Two Pillars of Success The success of Mpeppe (MPEPE) hinges on its dual focus: building a strong community and offering real utility through DeFi features. By fostering a dedicated user base and providing tangible financial benefits, Mpeppe (MPEPE) has the potential to achieve remarkable growth. If these elements continue to evolve positively, a 1000% rally is within the realm of possibility. Conclusion: A Promising Future The future of Pepe Unchained (PEPU) and Mpeppe (MPEPE) is filled with potential, driven by their innovative features and strong community focus. Whether they will rally by 1000% depends on various factors, including market conditions, investor sentiment, and the execution of their strategic plans. As these tokens continue to evolve, they may very well prove to be more than just fleeting trends, offering substantial rewards for those who invest wisely. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
With a drop of 1.45% within the past day, the cryptocurrency market is currently valued at $2.07 Trillion. Moreover, the market leader, Bitcoin price has retested its low of $56K during the early Asian trading hours and is currently valued at $58,523.63. Moreover, blue-chip altcoins have displayed a similar price action by plunging toward their …
Shiba Inu (SHIB) investors are expanding their horizons, with many setting their sights on a new and exciting contender in the crypto space: Mpeppe (MPEPE). This emerging gambling token is quickly capturing the attention of those looking for the next big opportunity. Here’s a closer look at why Shiba Inu (SHIB) a Inu investors are making the switch and what makes Mpeppe (MPEPE) a standout choice. Shiba Inu (SHIB) Investors Explore New Horizons The Current Landscape for Shiba Inu (SHIB) Holders Shiba Inu (SHIB) has long been a favorite among crypto enthusiasts, known for its vibrant community and dramatic price movements. However, recent fluctuations and market conditions have prompted many Shiba Inu (SHIB) investors to reevaluate their investment strategies. With Shiba Inu (SHIB)’s price showing volatility, investors are actively seeking new opportunities that promise substantial returns and growth potential. The Search for Innovative Opportunities In a bid to capitalize on emerging trends and diversify their portfolios, Shiba Inu (SHIB)a Inu investors are exploring new tokens that offer unique value propositions. The focus is now shifting towards cryptocurrencies that integrate innovative features and present exciting growth prospects. Among these, Mpeppe (MPEPE) has emerged as a particularly compelling option. Mpeppe (MPEPE): The New Gambling Token Capturing Attention A Fresh Take on Cryptocurrency Mpeppe (MPEPE) has garnered attention with its novel approach to the crypto space. Unlike traditional memecoins, Mpeppe (MPEPE) combines the excitement of gambling with the versatility of blockchain technology. This integration creates a dynamic and engaging platform that appeals to a broad audience, including those from the Shiba Inu (SHIB) community. Key Features Driving Interest Mpeppe (MPEPE)’s appeal lies in its innovative features and strategic focus. The token’s platform encompasses various gambling opportunities, including sports betting and gaming, all powered by blockchain technology. This approach not only provides entertainment but also leverages decentralized finance (DeFi) principles to enhance user engagement and create new revenue streams. The Impact of Mpeppe (MPEPE) on the Gambling Token Market Revolutionizing the Gambling Experience Mpeppe (MPEPE)’s entry into the market is set to revolutionize the gambling and gaming sectors within the crypto world. By combining blockchain technology with gambling, Mpeppe (MPEPE) creates a secure and transparent platform that enhances user experience. This innovation could pave the way for new trends and opportunities in the industry. Future Prospects and Investor Sentiment As Mpeppe (MPEPE) continues to gain traction, its future prospects look promising. The token’s ability to attract Shiba Inu (SHIB) a Inu investors and its integration of DeFi features position it as a significant player in the evolving crypto landscape. For those looking to stay ahead of the curve, Mpeppe (MPEPE) represents an exciting opportunity to be part of a groundbreaking project. Conclusion: A New Era for Cryptocurrency Investment With Shiba Inu (SHIB) investors increasingly shifting their focus to Mpeppe (MPEPE), the cryptocurrency landscape is witnessing a dynamic transformation. Mpeppe (MPEPE)’s innovative approach to gambling and blockchain technology is capturing the attention of seasoned investors seeking new opportunities. As the token gains momentum, it offers a promising avenue for those looking to diversify their portfolios and explore the next wave of cryptocurrency growth. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.
In a recent revelation, ZachXBT, an on-chain blockchain investigator, identified a rather complicated crypto scam that led to the loss of $1. 3 million from a project’s treasury. The prober discovered the origin of the breach lay in the code injected by the developers who were later identified to be North Koreans working for the …
Earlier this week, the leading cryptocurrency exchange by daily traded volume and globally registered users Binance announced the introduction of Toncoin (TON) on its Launchpool platform and the super earn program. As a result, Binance allowed its registered users to farm 7.6 million TON coins via staking BNB, FDUSD, and TON. Interestingly announced earlier on …
Twelve assets in the CoinDesk 20 Index gained, with ADA joining UNI among the largest advancers.
With 6,200 stakers and 39.9 trillion BTT locked, the BitTorrent Chain is already thriving and is set to supercharge Tron’s DeFi ecosystem with fast, low-cost cross-chain transfers.
Malaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification technology.
Ethereum’s gas fees have plummeted to their lowest levels in five years, sparking optimism for a potential price rebound shortly. According to Ryan Lee, the chief analyst at Bitget Research, every time Ethereum gas fees drop significantly, it often signals a price bottom for ETH in the mid-term. This trend, backed by historical data, suggests …
A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement. Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) post on August 15, a crypto analyst identified as ‘Mags,’ shed light on Bitcoin’s recent price movements, emphasizing key pattern formations and the cryptocurrency’s future outlook. Sharing a chart illustrating Bitcoin’s price action from October 2023 to August 2024, Mags observed that BTC has printed a bearish death cross on the daily chart, where the 50-day Moving Average (50 MA) crosses below the 200-day Moving Average (200 MA). Related Reading: XRP Price Prediction: Analyst Says God Candle Will Send Price To $57 The analyst indicated that the formation of this death cross signals a potential short-term weakness in the Bitcoin market. Generally, a death cross pattern in a cryptocurrency’s chart suggests the probability of further bearish momentum and price declines. According to Mags, Bitcoin’s recent bearish cross is the second death cross the cryptocurrency has formed since its price bottom at $15,500. He revealed that the previous bearish cross had occurred in September 2023, when Bitcoin was trading at $25,000, representing less than half of its current price. Following the 2023 bearish cross, Bitcoin traded sideways for several weeks, marked by considerable market volatility. However, the cryptocurrency’s price eventually regained momentum and reclaimed the moving averages. This led to a bullish cross, where 50 MA surpassed the 200 MA, triggering a strong upside rally. Mags suggests that Bitcoin is currently replicating the same death cross pattern observed in previous trends. He predicts that the pioneer cryptocurrency will experience a few weeks of “choppy price action,” followed by a bullish confirmation if it succeeds in reclaiming the moving averages. The analyst further anticipates a significant bullish cross, potentially leading to a strong rally for Bitcoin. Bullish Rise To $143,000? In another X post, a crypto analyst identified as ‘Milkybull Crypto,’ shared a more optimistic price forecast for Bitcoin. By referencing a price chart that tracks Bitcoin’s movement from 2022 to the end of 2024, the analyst drew a parallel between the cryptocurrency’s current market situation and certain events that occurred in 2023. According to Milkybull Crypto, many analysts had predicted a significant Bitcoin crash to $10,000 in 2023. However, the market defied these bearish expectations with an unexpected upward momentum. Related Reading: Prepare For Impact: Shiba Inu Whales Increase Their Holdings By 600% In A Single Day The crypto analyst has disclosed that a similar situation was presently unfolding in the market, with most analysts calling for a Bitcoin cycle top. He expects that in the fourth quarter (Q4) of 2024, Bitcoin will exceed all predictions, rising towards $95,000, before experiencing a massive surge to $145,000. As of the latest update, the price of Bitcoin is trading below the $59,000 mark. CoinMarketCap reports that the cryptocurrency had experienced a 4.32% decline over the past week which had pushed it to a current price to $58,484. Featured image created with Dall.E, chart from Tradingview.com
As the global crypto industry continues to evolve, the integration of the sector along with traditional technologies is rapidly becoming a thing. The latest news highlighting this phenomenon is from Circle, a fintech company behind the issuance of the renowned stablecoin USDC. Earlier today, the company’s CEO, Jeremy Allaire, disclosed in a post on X […]