Day: June 15, 2024

WIF Price Crashes 15% – Will The Freefall Continue?

boss

Dogwifhat (WIF), the once-booming memecoin featuring a Shiba Inu sporting a stylish knitted beanie, finds itself in hot dog water. After a meteoric rise earlier this year, WIF has been on a downward spiral, trapped within a descending channel since late May. Analysts are carefully keeping tabs as the canine crypto approaches a critical support level, with its future hinging on a tug-of-war between bullish and bearish forces. Related Reading Descending The Price Ladder: A Sign Of Weakness? Technical analysis paints a worrying picture for WIF. The descending channel pattern,…

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […] Source CryptoX Portal

Analysts Predict BTC Hitting $200,000 Next Year and $1 Million by 2033 — ‘We Believe Bitcoin Is in a New Bull Cycle’

boss

Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price […] Original

Market rebounds as BNB, ARB turn bullish, KangaMoon nears $8m in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market rebounds, BNB and Arbitrum show strong performance while KangaMoon nears its $8 million presale target, attracting investor attention. The crypto market is gradually regaining strength as more tokens join the bullish train. Some of the altcoins that have hit the peak in recent weeks are BNB and Arbitrum with investors alerted for possible investment. Meanwhile, KangaMoon is moving closer to the presale fund of $8…

Bitcoin Crashes To $65,000, Expert Unpacks Drivers Of Crypto Market Bloodbath

boss

The cryptocurrency market has been experiencing a significant downturn, with Bitcoin leading the way by retracing to the $65,000 mark after failing to retest its all-time high of $73,700 reached in March.  Market expert Michael van de Poppe has shed light on the reasons behind this ongoing bloodbath, highlighting several key factors that have contributed to the current state of the market. Crypto Market Battles Uncertainties A key event highlighted by van de Poppe is last Wednesday’s release of the Consumer Price Index (CPI) data, which has a major impact…

BIS Survey: 94% of Central Banks Exploring Digital Currency

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […] Source CryptoX Portal

TON addresses in profit hits 100%

Toncoin (TON)’s In/Out of the Money data shows all the addresses currently holding the Telegram-related token are in profit. According to data from IntoTheBlock, 100% of addresses with a TON balance are profitable as price hovers near $8.00. Toncoin’s price rose as Bitcoin continued to hover just above $67,000, while Ethereum price ranged near $3,500, making the altcoin’s surge an impressive one compared to the top two by market cap. 100% TON addresses in profit as price hits an all-time high Toncoin price rose more than 7% on Friday to…

Quiet Summer Ahead For Bitcoin, But Ethereum Holds Potential for Surprise — QCP Capital

boss

According to the latest report by QCP Capital, options data reveals a plunge in trading volatility, particularly for Bitcoin, meaning cryptocurrency traders could be in for a tamer summer. The research firm, which is well known for spotting new market trends, points out that the data patterns in the charts suggest that we are likely to have a more shallow trading period for now. This comes as the market is still recovering from recent highs and lows, consigning traders in limbo trying to make sense of the next big play.…

Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024

boss

Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year.  Why Cardano’s Price Is Posied To Reach $3 This Year Sebastian mentioned in an X (formerly Twitter) post four reasons he believes Cardano will reach $3 this year. First, he mentioned Cardano’s partnership with…