The last time Bitcoin whales moved this many coins from exchanges was when the BTC price was around $220 in 2015.
The last time Bitcoin whales moved this many coins from exchanges was when the BTC price was around $220 in 2015.
The last time Bitcoin whales moved this many coins from exchanges was when the BTC price was around $220 in 2015.
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.
As the crypto market faces another drop, a pessimistic sentiment surged again. Some investors seem to fear that altcoins won’t take off this cycle and that they have lost their chance of profiting from the bull run. However, renowned analyst Altcoin Sherpa weighed in on the matter, suggesting that the market is set up to “do well” in the coming months. What Makes This Cycle Not Like Others? A few months ago, Altcoin Sherpa addressed the pessimistic sentiment brewing among some sectors of the crypto community. In an X post, the analyst asserted that Altcoins had to “cool off” for a few months before resuming the bull run. He also emphasized that this cycle differed from previous ones. Related Reading: Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming? At the time, Sherpa highlighted that altcoins’ performance didn’t meet expectations during the first part of the bull run. Additionally, he suggested the market was heavily affected by the overabundance of projects and fragmented liquidity. This cycle, attention has been mostly captured by a few sectors like memecoins and AI tokens. In a new X thread, Sherpa reaffirmed his previous analysis. “This has definitely been a weird cycle so far; not similar at all to 2021 or 2017,” the analyst said. He pointed out that crypto investors “aren’t really up that much” despite Bitcoin (BTC) nearing all-time high (ATH) prices. Due to the singularities of this cycle, recommending “DCA and just holding the projects that you like and holding forever” is no longer an option for the analyst. The overabundance of tokens makes predicting the cycle winners “very hard,” which makes “picking your shitcoins pretty important.” As a result, the analyst suggested that investors learn some trading concepts, study momentum, and understand market dynamics. To Sherpa, understanding the market is key, “now more than ever”, so that investors can be prepared for “when the market REALLY starts to move later this year.” But I think that slower times like these is where it’s important to learn and educate yourself for the coming moves. Crypto Market Is Down But “Not All Hope Is Lost” Sherpa emphasized that the crypto market will resume its bullish performance in the coming months. “The good thing is that BTC is still going to break ATH later this year and $ETH is also going to do well,” read the post. The analyst disagreed with those who believe that Altcoins will have an altseason reminiscent of previous cycles and that we are early in the bull market. To him, it is “very unlikely” that all altcoins will go “to full send like in 2021” or even 2017. Despite the cycle differences, he considers most cryptocurrencies might have a decent performance compared to current prices. Moreover, he deemed that some altcoins will have remarkable rallies. Related Reading: New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days In the post, sherpa predicted that the crypto market will have a massive Q4, as it historically does. Ultimately, investors will seemingly get another opportunity to profit from the bull market: As I said, not all hope is lost. We’re going to have a huge Q4 as we always do. The macro-environment should be solid and BTC should break all-time highs, which sets up for a huge November-January time period. Be lucky that you get another chance at this bull market. Featured Image from Unsplash.com, Chart from TradingView.com
Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by the Official Monetary and Financial Institutions Forum (OMFIF), emphasized that Harris must engage with the […]
The post Kamala Harris must outline crypto strategy to counter Trump’s pro-Bitcoin influence, think tank says appeared first on CryptoSlate.
Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.
Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.
Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.
The AMF is giving firms registered under its current DASP rules ample time to transition, too.
The AMF is giving firms registered under its current DASP rules ample time to transition, too.
The AMF is giving firms registered under its current DASP rules ample time to transition, too.
The valuation assumes continued aggressive Bitcoin buying by MicroStrategy.
The valuation assumes continued aggressive Bitcoin buying by MicroStrategy.
The valuation assumes continued aggressive Bitcoin buying by MicroStrategy.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
GameStop’s long-running Game Informer magazine was axed Friday as GME shares continued their recent decline.
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
Onchain Highlights DEFINITION: Bitcoin price performance since the halving against previous cycles. Bitcoin’s price performance since the most recent halving in April has followed a distinct trajectory compared to previous halving events. Observing the historical price patterns, each halving epoch demonstrates unique price movements, reflecting varying market dynamics and investor sentiments. The first halving epoch (50 […]
The post Bitcoin’s price evolution post-halving: Examining five distinct epochs appeared first on CryptoSlate.
Vitalik Buterin knows just how to make an entrance. And he does it his own, unpredictable – and yet amusing – way. Related Reading: Mt. Gox Bitcoin Distribution Nears Its End Following $2 Billion Move, How Much Is Left? He arrived in Tokyo on July 30 for EDCON 2024, making an indelible impression. He wore […]
The prospective Democratic nominee’s position on crypto and blockchain is still unclear, but officials connected to the industry are reportedly getting on board.