Day: December 5, 2024

UK government found to have billions of dollars Bitcoin: Arkham

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The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin (BTC) worth $6 billion. This wallet has also gained profit from the Bitcoin price movement, with more than $28 million in unrealised profit. It is stated by Arkham that the Bitcoin owned by the UK government is a seized asset from Zhimin Qian,…

Road To More Gains Or Potential Bull Trap? Analyst Has Answers

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Este artículo también está disponible en español. The Bitcoin price has soared above $100,000 for the first time ever, sparking optimism among market participants. In line with this development, crypto analyst Xanrox has provided insights into whether more gains lie ahead for Bitcoin or whether this rally above $100,000 could be a potential bull trap.   What Next For Bitcoin Price Following Rally To $100,000 In a recent TradingView post, Xanrox suggested that the Bitcoin price will unlikely enjoy a sustained rally for now. He explained that this is unlikely because…

Bitcoin’s Road to $1 Million: The Seventh Wonder of the Financial World Makes History

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Bitcoin (BTC) continues its historic climb, trading at $103,232 and boasting a market capitalization of $2.039 trillion, a milestone that cements its place as the seventh most valuable asset globally. This surge places its market cap at approximately 11.34% of gold’s $17.972 trillion valuation, highlighting its growing influence in the financial ecosystem. Bitcoin Soars to […] Original

$1.2B TVL Milestone: Fluid Superapp Makes Waves in Decentralized Finance

Fluid, a decentralized finance (defi) superapp, has attracted $1.2 billion in total value locked (TVL) through its innovative money market and decentralized exchange (dex). The platform delivers groundbreaking features such as smart debt and collateral management. As part of its evolution, Fluid is transitioning its governance token from INST to FLUID, a move aimed at […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Dogecoin Poised For A Huge Breakout Today: Here’s Why

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Este artículo también está disponible en español. The Dogecoin (DOGE) price stands at a critical juncture as technical analysts point toward a potentially significant breakout. Renowned crypto analyst Rekt Capital has identified a pivotal pattern on the DOGE/USD daily price chart, suggesting an imminent surge. Will Dogecoin Price Confirm The Breakout Today? The daily chart of Dogecoin reveals an ascending triangle formation that has been developing over recent weeks. This pattern is typically considered a bullish continuation signal, characterized by a horizontal upper resistance line and a rising lower support…

Chainalysis Promotes Jonathan Levin to CEO as Former Boss Michael Gronager Departs

“As CEO, I look forward to continuing to deliver cutting edge data, investigations, and risk solutions to our customers while also pursuing new market opportunities,” Levin said. Former Chainalysis Chief Strategy Officer Jonathan Levin Takes the Reins as CEO Blockchain data analysis firm Chainalysis has appointed Co-founder and former Chief Strategy Officer Jonathan Levin as […] Source CryptoX Portal

Bitcoin’s $100k break boosted bonds in El Salvador 

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El Salvador bonds emerged as top gainers in emerging-market debt, fueled by Bitcoin’s surge past $100,000. Bitcoin’s (BTC) price movement catalyzed a rally for El Salvador bonds on Dec. 5, according to Bloomberg’s indicative pricing data for sovereign-issued debt due in 2035 and 2041. “This is the first time in history that Bitcoin has driven sovereign bonds up in traditional markets,” wrote El Salvador pro-BTC President Nayib Bukele via X in response to the news. El Salvador’s $269.7 million Bitcoin accumulation strategy has generated $333.6 million in unrealized profits, leaving…

Charles Bobrinskoy warns of speculative Bitcoin pump

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Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble, predicting an imminent price decline as regulatory and market sentiment shift. Bobrinskoy issued this stark warning about Bitcoin (BTC), labeling the cryptocurrency a “get-rich-quick scheme” driven by momentum rather than intrinsic value.  Speaking on CNBC’s The Exchange, Bobrinskoy expressed concerns about Bitcoin’s reliance on minimal regulatory oversight, which he argued leaves it vulnerable to collapse when investor sentiment turns. Bitcoin’s appeal lies in its lack of regulation, enabling large, anonymous transactions, Bobrinskoy noted. He also highlighted its…

SUI About To Break ATH Again – Can Bulls Target $4.20 This Week?

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Este artículo también está disponible en español. SUI trades at crucial supply levels, sparking intense speculation among traders and analysts about its next move. After recently reaching a new all-time high (ATH), the price failed to sustain above its previous ATH, raising concerns about whether this was a genuine breakout or merely a fakeout. The current price action has left market participants waiting for confirmation as bulls attempt to reclaim dominance. Related Reading Renowned analyst and investor Carl Runefelt has shared a bullish outlook for SUI, predicting an imminent breakout.…