Month: February 2024

Expert Who Predicted 2021 Bitcoin Peak Expects $600k By 2026

boss

Tuur Demeester, a Bitcoin OG and researcher for Adamant Research shared his bullish outlook for Bitcoin via X (formerly Twitter), anticipating its price could escalate to between $200,000 and $600,000 by 2026. Demeester’s prediction is predicated on the influx of trillions of dollars through global bailouts and stimulus measures, which he believes will significantly propel Bitcoin’s valuation. He remarked via X (formerly Twitter), “In ’21 bitcoin topped at $69k. I’m targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus,” indicating a strong conviction in the cryptocurrency’s future amidst…

CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns Mount

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks. Stocks Dip, Crypto Slumps as January CPI Data […] Source CryptoX Portal

Spot Bitcoin (BTC) ETFs First Month Roundup

boss

In just a month, the bitcoin funds ex-GBTC have accumulated over $11 billion worth of bitcoin, with three of the ETFs – BlackRock’s IBIT, Fidelity’s FBTC and Ark 21’s ARKB – topping the $1 billion mark in assets under management. In fact, as of the end of Monday, IBIT was nearing $5 billion in AUM and FBTC was just shy of $4 billion. Original

Bitcoin Received $200 Million Investment From This Financial Giant

boss

According to a Reuters report, Founders Fund, the venture capital (VC) firm founded by billionaire Peter Thiel, is once again betting big on the flagship cryptocurrency, Bitcoin. The VC firm is reported to have made significant profits on their last Bitcoin investment and would be hoping that this next market cycle also brings immense rewards.  Founders Fund Already Made A $200 Million Investment In Bitcoin And Ether From late summer to early fall last year, Peter Thiel’s Founders Fund reportedly invested $200 million in the two largest crypto tokens by…

Polkadot holders accumulating Pushd, Bitcoin to break above $50k

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are looking at Pushd (PUSHD) and Bitcoin (BTC). Meanwhile, Polkadot (DOT) holders are exploring the Pushd presale as analysts maintain that BTC will stay above $50k in the sessions ahead. Investors pick Pushd over Polkadot In the current market conditions, investors are cautious and looking to diversify.  Since DOT remains under pressure, some holders have been exploring alternatives, flowing into Pushd. Bitcoin likely to soar above $50k  Bitcoin…

Crypto Has an Unrealized Opportunity in Asia

Take just decentralized finance (DeFi) in Asia as an example, where it accounted for 55.8% of transaction volume in CSAO from July 2022 through June 2022 as compared to 35.3% the previous year, more than a 20% jump. CSAO also “dominates when looking at purchasing power. Six out of the 10 top countries are located in the Asian-Pacific region, including India, Vietnam, the Philippines, Indonesia, Pakistan and Thailand. Source

Extreme Greed Is Back For Bitcoin, Is It Time To Sell?

boss

Data shows extreme greed sentiment has made a return among the Bitcoin investors after the cryptocurrency’s price has broken above $50,000. Bitcoin Fear & Greed Index Now Points Towards “Extreme Greed” The “Fear & Greed Index” refers to an indicator that tells us about the general sentiment among Bitcoin traders and broader cryptocurrency sectors. The metric represents this sentiment using a numerical scale from zero to hundred. According to Alternative, its creator, the index calculates this score using five factors: volatility, trading volume, social media sentiment, market cap dominance, and…