Day: November 28, 2024

Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns

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Este artículo también está disponible en español. Investors have expressed apprehension regarding the recent price fluctuations of Bitcoin, particularly in light of analysts’ predictions of a 20-25% decline in the global M2 money supply. Related Reading At $92,864, bitcoin is down nearly 9% from its recent high of just under $100,000. That fall is part of a trend of profit-taking by long-term holders, who sold 366,000 BTC in the last month, the most since April 2024. Introduction To The M2 Money Supply Connection Market researchers have been studying the relationship…

How high can Dogecoin price rise if Bitcoin hits $122k?

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Dogecoin price has performed well this month, reaching $0.4795, its highest level since May 2021, as the broader crypto rally gained momentum. Dogecoin (DOGE) traded at $0.40 on Nov. 28, marking a 365% increase from its September low. This price action mirrored that of Bitcoin (BTC), which approached $100,000, setting a new record. Historically, Dogecoin and Bitcoin prices have moved in tandem. Data from IntoTheBlock reveals a correlation coefficient of 0.98 between the two, indicating similar price movements. Therefore, there is a likelihood that Dogecoin will continue its strong bull…

Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness

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Este artículo también está disponible en español. BONK is facing mounting bearish pressure as technical indicators signal growing weakness in the market. After a brief attempt to stabilize, the token appears to be losing momentum dropping again toward the $0.00004002 for another test, with key metrics pointing to further downside. As BONK navigates these challenging conditions, speculations are on whether the meme coin can reclaim its footing or if deeper losses are inevitable.  This analysis dives into BONK’s current market performance under bearish conditions, highlighting the technical indicators that signal…

Metaplanet aims to raise $62m from Stock Acquisition Rights to buy more Bitcoin

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Metaplanet wants to raise $62 million from its upcoming series of stock acquisition rights to EVO Fund. The firm will use the funds to buy more Bitcoin for its treasury management. In a Nov. 28 press release, the Japanese investment firm announced its plans to issue its 12th Stock Acquisition Rights to EVO FUND, an investment management firm in the Cayman Islands, through a third-party allotment starting Dec. 16, 2024. Metaplanet will be issuing a total of 29,000 units. Each unit entitles EVO FUND to purchase 100 common shares. Each…

Rethinking energy storage with Bitcoin mining

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Energy generation is a great thing for humanity. The famous astrophysicist Nikolai Kardashev went as far as considering energy generation as the one factor to evaluate how advanced a civilization is. So, when we hear that the AI industry is projected to consume around 120 GW by 2030 or that Bitcoin (BTC) mining is estimated to be currently consuming around 17.6 GW globally, we may actually consider…

Bitcoin Won’t Hit $400k This Cycle, Realistic Target: VanEck CEO

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Este artículo también está disponible en español. In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin’s potential trajectory, the US fiscal deficit, and the broader financial markets. Contrary to some hyper-bullish forecasts, van Eck provided a more conservative price target for Bitcoin for this bull run. Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He…

Chilling Operation Chokepoint 2.0 Revelations: Over 30 Tech Founders Allegedly Debanked

Marc Andreessen, a co-founder of venture capital behemoth Andreessen Horowitz, recently referred to the effects of Operation Chokepoint 2.0, an initiative focusing on debanking cryptocurrency operators and even tech founders. Marc Andreessen: Operation Chokepoint 2.0 Affected Over 30 Tech Founders More details are coming about the measures that the current administration took against cryptocurrency-linked businesses […] Source CryptoX Portal

Analyst Flags Biggest Reason To Sell

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Este artículo también está disponible en español. Jim Cramer, the “Mad Money” host, is a welcome voice in crypto and blockchain discussions, but for a slightly different reason. For a long time, the hosts’ comments and insights on Bitcoin and the crypto industry have often been a source of buying or selling decisions for some. However, Cramer’s effect on crypto, and in this case XRP, is the exact opposite: when Cramer talks about it, it’s a “sell signal” for most. And that’s precisely what one market analyst thinks about the…

Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says

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Increases in Bitcoin prices and recent crypto mining regulations have sparked an 8% rise in Russian internet traffic to major exchanges, data reveals. Internet traffic to major crypto exchanges in Russia surged 8% in early November, spurred by a sharp rise in Bitcoin prices and changes in local regulations, per an analysis done by MegaFon, one of the largest telecommunications companies in Russia. The increase follows a global trend, with web traffic to the top 20 crypto exchanges up 8% to 10% in November compared to October, the company says.…