Day: June 5, 2024

Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle

boss

Crypto analyst Crypto Kaleo has laid out a bullish narrative for Dogecoin (DOGE), revealing how well the foremost meme coin could perform in this bull run. He also suggested that there was no need to worry about Dogecoin’s current price action, which paints a bearish outlook for the meme coin.  Dogecoin Will Outpace Bitcoin In This Market Cycle Crypto Kaleo mentioned in an X (formerly Twitter) post that he has “an insanely high conviction” that Dogecoin will “outpace” Bitcoin in this market cycle. He made this statement while revealing that…

Gary Gensler Says Crypto Exchanges Are Doing What the NYSE Would ‘Never Be Allowed to Do’

boss

The Chair of the U.S. Securities and Exchange Commission (SEC) says that crypto exchanges are doing what the New York Stock Exchange (NYSE) would never be allowed to do. In a new interview on CNBC’s Squawk Box, SEC Chair Gary Gensler says that crypto exchange platforms are not giving investors the proper disclosures required by the law and could be trading against consumers. “Right now, without prejudging anyone, these tokens have not given you the disclosures that you not only need to make your investment decisions but also that are…

Analysts Bullish on Bitcoin: QCP Capital Foresees New All-Time Highs in June

boss

Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call options with June expiries. Several Market Observers See Bullish Bitcoin Momentum Ahead Several analysts and researchers have a positive outlook on bitcoin’s prices for June. […] Original

SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate

U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed to prevent excessive administrative control. Despite bipartisan support for a resolution to repeal […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin (BTC) Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan (JPM) Says

boss

Mergers and acquisitions are heating up in the mining sector, after the halving. On Tuesday, shares of Core Scientific (CORZ) surged higher after cloud computing firm CoreWeave signed a 200 megawatts (MW) artificial intelligence deal with the bitcoin miner, and was also reported to have made an offer to buy the company in an all-cash deal. Meanwhile, another large bitcoin miner, Riot Platforms (RIOT), made a hostile offer to buy out peer Bitfarms (BITF) last month. Original

Bitcoin is on the verge of a bullish breakout again. What to watch on the charts

boss

At the time of my January article , bitcoin was trading near $45k, and there were rumors circulating about the SEC finally approving an ETF. That became a reality the very next day. Let’s revisit the chart now. Our price target back then was $66.5k, which was near the former all-time highs. That has since been hit, but in classic crypto fashion, BTC first fell back to $38.5k by the end of January before bottoming. Despite the wild ride from a performance and volatility perspective, over the last six months, BTC…

Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust

boss

Despite the relative tepid movement in the crypto market since Bitcoin hit a new all-time high (ATH) in March, Bitcoin, Ethereum, and Solana have continued to top traditional assets, including Gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now.  Bitcoin, Ethereum, And Solana Outperform Traditional Assets Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), shared the crypto investment firm’s latest monthly update, showing annualized returns on all major assets. Related Reading Bitcoin, Ethereum, and Solana have…