Day: May 2, 2024

Mark Cuban, Kevin Durant, Steve Aoki among top crypto-invested celebrities

Cryptorush Casino data reveals that celebrities Mark Cuban, Kevin Durant, Baron Davis, and Steve Aoki hold crypto in their investment portfolios. Mark Cuban Cuban, worth $5.4 billion, takes a subtle stance on crypto. His investments total a little over $6 million, and he has disclosed amounts into OpenSea and Yuga Labs. Although Cuban invests in cryptocurrency, he describes it as a hail mary. During a discussion in January on X, the Shark Tank co-host shared that his crypto holdings consist of Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), and Injective (INJ).…

Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash

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The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for…

Coinbase Announces Support for Bitcoin’s Lightning Network

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Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […] Original

Bitcoin On Track For $1 Million Per BTC “Fair Value”, Analyst Says

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An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in the future based on the growth curve in the total user count on the network. The “total user count” here refers to the total number of investors present in the BTC space. Often, this metric…

Recent breakdown suggests $52,000 is the next stop for bitcoin, according to the charts

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Bitcoin started 2024 with a bang, as a first-quarter rally propelled the price up to a new all-time high around $74,000 in mid-March. Over the next six weeks, bitcoin has been decidedly rangebound, rotating between support around $60,000 and resistance around $72,000. With bitcoin finally breaking below that support level at $60k this week, we see much further downside potential before the long-term uptrend resumes. If we look at the recent trading range in a little more detail, we can see how recent support around $60,000 lines up with the…

Analyst Identifies Trends Reflecting 2016 Cycle

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Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over the past three weeks following the Halving below the Range…

Crypto for Advisors: Digital Asset Custody’s Future

One of the most flexible options out there, MPC is not limited to a specific network by a smart contract, but it does require trust in potentially opaque partners. MPC is closer to the base layer of crypto, the private key entropy, and all the participants in an MPC wallet participate together to recreate the private key, instead of having multiple private keys send their own valid signatures. There’s Qredo and Lit protocols for those who are more technically savvy, which are fully decentralized solutions, but for advisors that want…