Day: March 25, 2024

Here’s The Level A Break Could Lead To

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Data shows Bitcoin is currently retesting a major on-chain resistance level, and a break above which can potentially lead to a surge in its price. Bitcoin Has Major On-Chain Resistance Around $67,000 As pointed out by analyst Ali in a post on X, BTC may be able to see a rise towards the $72,900 level if the asset can break the current on-chain resistance barrier. In on-chain analysis, any level’s potential to act as support or resistance is measured using the amount of Bitcoin that was acquired/bought by the investors…

Robert Kiyosaki predicts $100k Bitcoin by September

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Robert Kiyosaki, author of the renowned personal finance book “Rich Dad, Poor Dad,” predicts $100,000 Bitcoin by September and views the current economic landscape. Kiyosaki, known for his insights on wealth-building and investment, announced his plans to purchase 10 more Bitcoin before April, emphasizing the upcoming Bitcoin halving as a significant event for potential investors. He suggests that those who cannot afford a whole Bitcoin might consider buying a fraction of one through the Bitcoin ETFs or Satoshis, hinting at the possibility of owning an entire Bitcoin by year’s end…

Crypto products see record outflow of $942m, breaking 7 week influx trend

The outflow from crypto investment products from March 16 to 22 reached $942 million after the maximum historical inflow of $2.92 billion. CoinShares experts note that previously, positive dynamics were observed for seven weeks. During this period, inflows into instruments amounted to $12.3 billion. Trade turnover amounted to $28 billion after a record $43 billion the previous week. Source: CoinShares The main driver of the negative dynamics was outflows from GBTC from Grayscale for $2 billion. They exceeded net inflows to its competitors ($1.1 billion). As a result, market participants…

How Bitcoin Mining Has Changed Since the Last Halving

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Since the last halving, the exodus of China miners drastically changed the mining landscape. Miners have sought refuge in jurisdictions offering hospitality or opportunities for energy arbitrage, which became a pivotal metric for success. Several nation states, such as Bhutan, El Salvador, and even Venezuela for a short period, not only embraced miners but also devised strategies to set up mining operations themselves. Not all places that opened their arms to miners ended up being great locations, including Quebec, Canada and Kazakhstan. Original

Social Media Storm Gives Dogecoin 14% Price Boost

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Dogecoin (DOGE), the meme-inspired cryptocurrency, has experienced a rollercoaster ride in recent days. A surge in social media activity surrounding the coin coincided with a price increase of over 14% within the last week. However, technical indicators hint at a potential pullback, leaving investors to grapple with mixed signals. Social Media Frenzy Fuels Optimism Data from LunarCrush, a crypto analytics platform, revealed a significant uptick in social media interactions related to DOGE. Likes, comments, retweets, and upvotes on various platforms reached a staggering 30 million within a 24-hour period. This…

Bitcoin Technical Analysis: Bulls Regain Strength and Rise Toward Upper Resistance Levels 

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Bitcoin’s price trajectory on March 25, 2024, showcases bullish momentum, coasting along at ranges between $66,934 to $67,087 per unit. The day’s trading ranged from $64,568 to $67,672, indicating a volatile yet upward trend. Bitcoin A close examination of bitcoin’s (BTC) oscillators suggests a predominantly neutral to bullish sentiment among traders. The relative strength index […] Original

IDEX surges 33%, investors interest skyrockets

IDEX, the native token of the hybrid decentralized exchange (DEX) and market-making protocol of the same name, has increased 33% over the past 24 hours as it records a surge in investor interest. The crypto asset, often leveraged for gas fees and liquidity provision on the Idex exchange, had witnessed a generally bearish trend over the past two weeks, dropping 30% from $0.0920 on March 13 to a low of $0.0642 on March 20 as the broader market fell. IDEX price – March 25 | Source: CoinMarketCap However, this price…