Tag: Analysis

Bitcoin pioneer Hal Finney couldn’t be Satoshi Nakamoto, new analysis suggests

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Bitcoin pioneer Hal Finney was competing in a 10-mile race at the exact time Satoshi Nakamoto was responding to emails and transacting on Bitcoin, newly surfaced evidence has revealed. For years, it has been commonly speculated that the late Hal Finney, a computer scientist, was the creator of Bitcoin. He was the first person besides Satoshi to download and run Bitcoin’s software and was the first recipient of Bitcoin. Finney, however, denied the theory until his passing in 2014. Jameson Lopp, a self-proclaimed cypherpunk and co-founder of Bitcoin custody fi…

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

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Stock markets flashed green at the weekly open, and crypto prices followed. After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week. The risk-on sentiment could boost buying interest in select cryptocurrencies. One area where bullish activity is seen is the Grayscale Bitcoin Trust (GBTC). Grayscale’s legal victories have reduced the…

Bitcoin price dips amid Israel-Hamas war: analysis and forecast

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As tensions rise between Israel and Hamas, Bitcoin’s value slides. Explore the global dynamics at play and the potential future trajectory for the cryptocurrency. Bitcoin (BTC), as of Oct. 12, has slid to $26.5k levels, a dip from its recent support at $27k levels. Over the last 24 hours, BTC has experienced a decline of about 2%, and this drop becomes even more pronounced when compared to its weekly high of $27,800, marking a 3.5% decrease.  One major influence behind this downtrend appears to be the rising tension between Israel…

Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes

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Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” the indicator has crossed into the cycle bottom zone in the two-week time frame. Bitcoin Likely Bottoming: Here’s Why Whether this prognosis is accurate depends on how Bitcoin prices pan out in the next few…

CIA to Launch ChatGPT-Style AI Tool for Enhanced Intelligence Analysis

While the CIA is yet to reveal specific details about the model underpinning the soon-to-be-launched AI tool and its privacy safeguards, its director assured that the intelligence agency adheres closely to privacy laws in the United States.  The United States Central Intelligence Agency (CIA) is preparing to unveil its own artificial intelligence (AI) bot, similar to ChatGPT, for investigative purposes.  According to a report by Bloomberg, this innovative AI tool is designed to empower CIA analysts in accessing open-source intelligence, efficiently enabling them to sift through vast amounts of publicly…

Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

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The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term. Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016. If they can pull it off, it will be a major sentiment booster as October generally favors the…

Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

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Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the decision on interest rates by the United States Federal Reserve. The Federal Open Market Committee (FOMC) was due to announce its latest changes at 2pm Eastern time on the day. As Cointelegraph reported, expectations almost…

Price analysis 9/18: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

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Bitcoin and select altcoins are attempting to make a comeback as traders expect the Fed to hold rates steady during its meeting this week. The failure of the bears to sink Bitcoin’s price below $25,000 support ignited buying interest last week. The positive momentum picked up further at the start of the new week, and buyers are trying to sustain Bitcoin’s (BTC) price above $27,000. Market participants seem to be buoyant on expectations that the Federal Reserve will not hike rates again this year. The CME FedWatch Tool shows a 58%…

Is Bitcoin A Buy Or Sell? Ark Invest Shares Market Analysis

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In its new monthly report titled “The Bitcoin Monthly: Bitcoin Battles Resistance Around Its On-Chain Mean”, Ark Invest has provided an exhaustive analysis of the current market landscape. The report categorizes its findings into bullish, neutral, and bearish perspectives, providing a holistic view of Bitcoin’s current and potential future stance. Bullish Arguments For Bitcoin Grayscale Spot ETF and GBTC’s Discount To NAV: On August 29, a pivotal decision was made by a US Federal Appeals Court. They ruled that the U.S. Securities and Exchange Commission (SEC) must revisit and reconsider…

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%. One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange…