As investors scan the horizon for early signals of a Bitcoin rally to $1 million, Bloomberg analyst Eric Balchunas has predicted that God candles will become a rarity. While price spikes will be few and far between, Balchunas noted that ETFs and corporate adoption will eliminate vomit-inducing drawdowns for the largest cryptocurrency.
The Bitcoin price has been quite indecisive in its action over the past week, jumping between the $117,000 and $120,000 consolidation zone in that period. The flagship cryptocurrency, however, came tumbling toward the $115,000 mark following massive coin movements toward centralized exchanges in the past day. Interestingly, a prominent market expert has put forward an
Analysts are confident that Bitcoin is on a bullish breakout. They cite a potential uprise towards $130,000, provided it maintains a key support. In addition, subdued capital inflows imply that the rally can still gain further momentum before hitting a cycle where investor sentiment becomes overly optimistic. This cycle is known as the euphoria zone.
South Korea is experiencing a notable turning point in the digital sector as a result of an exclusive bill. As per the data from CoinRank, the proposal of a new stablecoin bill by South Korea’s ruling party has triggered significant tension between the policymakers and the Bank of Korea. The crypto and blockchain news platform
After surging to a record high around $123,000 in the second week of July, the Bitcoin price action for the rest of the month has been largely choppy. However, the flagship cryptocurrency dropped to a level just above $115,000 on Friday, July 25. This abrupt decline came with the expected question in the market: Is
Cryptocurrency may be easier to buy than ever, but most Americans still want no part of it. A new Gallup survey found that just 14% of U.S. adults own crypto, a figure that has been growing but still represents a small slice of the investing public. The study, conducted in mid-June, revealed deep skepticism about
A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling
Bitcoin (BTC) will no longer experience “parabolic” price rallies or “devastating” bear markets, because BTC exchange-traded funds (ETFs) have permanently reduced volatility and altered market dynamics, according to Blockware BTC analyst Mitchell Askew. “BTC/USD looks like two entirely different assets before and after the ETF,” the analyst wrote on Friday. The chart he shared showed
A new research report from Cryptopolitan reveals Web3 is shifting toward modular architectures. It is moving away from monolithic blockchains such as Solana and pre-rollup Ethereum. The study, available under Cryptopolitan’s Reports section highlights a wave of developer interest and rising adoption of rollups as key signals of this transition. According to the new report
Eni, a ZK-coprocessor Layer-1 blockchain network, announced a strategic partnership with Dango Planet, an AI-driven cross-chain swap platform. Eni is a ZK-coprocessor Layer-1 blockchain network designed for multipurpose and specialized Web2 and Web3 computing. On the other hand, Dango Planet is an AI-driven decentralized asset exchange platform allowing users to transfer assets across various blockchains.