Month: February 2024

Elliot Wave Theory Predicts Bitcoin Bottom And Top, Here Are The Targets

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Bitcoin looks to be stuck in a consolidation zone between $50,000 and $52,000, with neither the bulls nor the bears succeeding in completely taking control of the trend. This performance has sparked a number of speculations on whether the BTC price has finally found a local top. One of those who have speculated on the price direction is crypto analyst Alan Santana, who has used the Elliot Wave Theory to predict where the price of the cryptocurrency might be headed next. Elliot Wave Points To Correction To $31,800 In the…

The European Central Bank Is Either Lying About Bitcoin or Lying to Itself

Later, the authors directly contradict themselves when discussing the precise reason why bitcoin is falling out of favor for criminal use: because it is run on an immutable, fully public and transparent ledger. “Therefore, Bitcoin has been a cursed tool for anonymity, facilitating illicit activities and leading to legal action against offenders by the tracing of transactions,” they write. Source

What Investors Need to Know About the Impending Supply Shift and Potential Price Impact

At a high level, a Bitcoin halving is when the introduction of new bitcoins into circulation is reduced by half. This happens roughly every four years, and this schedule will continue until the last bitcoin is mined sometime around 2140. The supply is capped at 21 million BTC. This mechanism was devised by Bitcoin’s creator(s) as a way to enforce scarcity and deflationary properties of bitcoin. The idea is that, so long as the adoption of the Bitcoin network grows over time, a mechanism like this will ensure that the…

Polygon Could See Bull Rally To $1.73 If This Happens: Analyst

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An analyst explained that Polygon could see a potential bull rally to $1.73 if the cryptocurrency’s price is above this level. Polygon Appears To Be Breaking Out Of A Symmetrical Triangle Currently In a new post on X, analyst Ali talked about a multi-year Symmetrical Triangle that Polygon has been traveling inside. The “Symmetrical Triangle” is a pattern in technical analysis (TA) that, as its name already implies, looks like a triangle. The pattern comprises two converging trendlines, with the upper line being made by joining lower highs in the…

Nvidia Earnings Send AI Tokens Higher, Worldcoin Reaches ATH

Taking the lead in terms of gains is Worldcoin’s WLD, which is up 40% on the day and almost 170% over the past 7 days. The token touched a new all-time high of $8.85 earlier and was trading at $8.54 at press time. Worldcoin was co-created by OpenAI founder Sam Altman and thus often associated with AI-related projects. SingularityNET {{AGIX}}, a decentralized AI marketplace, saw its token climb 43%. FetchAI {{FET}} was up 18%. Source

Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access

Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo’s shared mission of increasing financial access. San Francisco-based financial services firm Circle announced the launch of USDC on the Celo blockchain earlier this week, allowing users to access the regulated US dollar stablecoin without needing to bridge assets across chains. USDC is now natively integrated on Celo, joining the blockchain’s existing stablecoin use cases including remittances, savings, lending, and payments. The move provides another way for…