Day: June 3, 2024

Buckle Up: Bitcoin Ride to $74K Could Start Any Minute

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Although Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its current price to $69,211. Amid this price performance, the crypto has shown promising fluctuations that suggest a possible upswing in its market value, with developments in trading patterns and analyst forecasts painting a bullish future. Related Reading Breaking Resistance: BTC Eyes Major Breakout In the…

Can Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts The Top

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Despite the Bitcoin decline below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of Bitcoin could reach its top soon.  Analyst Says Bitcoin’s Top Is $150,000 On June 2, crypto analyst, Peter Brandt released a blog post predicting Bitcoin’s top in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $150,000. Related Reading Brandt foresees Bitcoin’s peak to occur in 2025 between late…

Okx Launches Crypto Exchange and Wallet in the Netherlands

Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The platform integrates with Ideal, a popular online payment system in the Netherlands, for instant, fee-free deposits, and offers […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana GameStop Soars 300% Following Roaring Kitty’s Post

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After two silent weeks, Roaring Kitty’s latest roar has shaken the crypto market. The renowned trader has again set the world ablaze after revealing his substantial 5 million GameStop shares holdings. Following his posts, GameStop’s shares soared in the premarket by 90%, and the Solana-based tribute token, GME, skyrocketed by 300%. Related Reading Roaring Kitty’s Return To Reddit Sets Market On Fire On Sunday night, Keith Gills, known as Roaring Kitty, returned from a two-week hiatus. The trader, known for his role in the GameStop saga, wreaked havoc after posting…

Google ‘asleep at the wheel’ on crypto deepfake scams

A cybersecurity expert called out Google over inadequate preventive measures against crypto-targeted deepfakes involving Bitcoin and figures like Elon Musk.  Recently, scammers leveraged a fabricated video of billionaire and Tesla CEO Elon Musk on YouTube to fleece unsuspecting users of cryptocurrencies, including Bitcoin (BTC).  Bad actors used artificial intelligence and real video clips to create YouTube Live sessions directing crypto users to deposit BTC on multiple websites. The campaign amassed hundreds of thousands of views, and the possible losses are yet unknown.  National Cybersecurity Center (NCC) founder Michael Marcotte, said…

Bitcoin ETF (BTC) Purchases for Pension Funds Just Getting Started

“Wisconsin’s investment board has always been innovative,” he said. “This is a fully funded pension fund so in a way, they have the luxury of being able to invest for the long term. They don’t need to worry as much about liquidity as, say, the pension fund for the state of Illinois, which is only funded at 50% of its level,” he added. Source

Australia’s first spot Bitcoin ETF to go live on Tuesday

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The Monochrome Bitcoin ETF will begin trading on the Cboe Australia exchange.  The ETF, listed as IBTC, will have a management fee of 0.98%. Monochrome Asset Management, the issuer, provides the fund to allow investors to access Bitcoin within a regulated framework.  This framework, overseen by the Australian Securities & Investments Commission (ASIC), ensures investor protection and compliance with financial regulations.  The company stated that investors have legal rights to their Bitcoin (BTC) in the fund and can request withdrawals. This is the first and only ETF that holds Bitcoin…