Bitcoin is facing resistance just above $70,000, but the bulls have kept up the pressure, increasing the possibility of a rally to $74,508. Key points: Bitcoin is facing selling above $70,000, but a shallow pullback increases the likelihood of a rally to $74,508. Select major altcoins are showing strength and may break above their overhead resistance levels. Read more Original
Crypto analyst Doctor Profit has provided insights into what to expect from the Bitcoin price after it dropped below $70,000 over the weekend. This comes as the leading crypto continues to face pressure due to the U.S.-Iran war and volatile oil prices. What To Expect From The Bitcoin Price In an X post, Doctor Profit said that he expects the Bitcoin price to move sideways between $57,000 and $87,000. The analyst noted that this sideways price action is not bullish but a preparation for what is coming in the next…
Binance has filed a defamation lawsuit against The Wall Street Journal (WSJ) over a “false and defamatory” article. Why Binance Filed Following a WSJ reporting published on February 23, Binance has announced on a blog post today that they have filed a lawsuit against them, claiming that the article contained “false and defamatory statements”. The complaint seeks “vindication” of Binance’s reputation and “accountability for the harm those statements have caused”, citing amongst these consequences “baseless and unnecessary inquiries into the company” by government officials, referring to Senator Richard Blumenthal (D-CT).…
Bitcoin (BTC) broke back above $70,000 around Wednesday’s Wall Street open as US inflation data soothed anxious markets. Key points: Bitcoin bounces around a narrow range as US inflation data offers a modest tailwind. Oil prices stay lower as an emergency release of 400 million barrels is confirmed. BTC price expectations focus on future liquidations in the mid-$60,000 zone. Bitcoin edges higher as CPI matches expectations Data from TradingView showed BTC price action eking out modest gains, while failing to match local highs from the day prior. BTC/USD 1-hour chart.…
Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. Related Reading That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by pointing out what it would take for Bitcoin to swallow up…
It’s widely believed that only about 25% to 30% of Bitcoin is at risk of being attacked in the future by quantum computers. For example, Project 11’s Bitcoin Risq List currently lists 6,887,180 Bitcoin worth more than $450 billion as “at risk.” It defines “at risk” as Bitcoin held in addresses with exposed public keys. Around 3-4 million of this is believed “lost” and can’t be upgraded to quantum secure. But that’s not the whole story. In fact, all 21 million Bitcoin —barring lost coins in quantum secure addresses— can…
US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, would amend the Commodity Exchange Act to make those contracts prohibited for entities overseen by the US Commodity Futures Trading Commission (CFTC). In a statement announcing the bill, Schiff said markets that let traders profit from violent events create incentives for the misuse of classified information, threaten national security and encourage violence. He said prediction…
A fresh cluster of on-chain and fund-flow data is feeding a familiar XRP market question: are buyers using the recent weakness to accumulate? New figures highlighted by CryptoQuant contributor Darkfost suggest that Binance withdrawal activity has surged just as spot XRP ETFs continue to absorb capital despite the token’s pullback. XRP Accumulation In Progress? Darkfost framed the move against a broader altcoin backdrop that still looks selective rather than expansive. “Despite a period of uncertainty that has been quite detrimental to the cryptocurrency market, altcoins are starting to show some…
Opinion by: Mohammed Marikar, co-founder at Neem Capital Artificial intelligence has consistently been defined by scale, so far — bigger models, faster processing, expanding data centers. The assumption, based on traditional technology cycles, was that scale would keep improving performance and, over time, costs would fall and access would expand. That assumption is now breaking down. AI is not scaling like other software. Instead, it is capital-intensive, constrained by physical limits, and hitting diminishing returns far earlier than expected. The numbers make this clear. Electricity demand from global data centers…
Ethereum continues to struggle to surmount the resistance that has mounted at $3,000, with bears maintaining a firm grip on the price. Nevertheless, bullish sentiment surrounding the Ethereum price has not been completely eroded. This suggests that investors still expect the price to recover from the current decline. Crypto analyst Master Ananda shares a more bullish view for the cryptocurrency, predicting that 5-figures remain in the future. Ethereum Price To Push Above $10,0000 In the analysis, Master Ananda explains that the Ethereum story is far from over. The crypto analyst…