VanEck CEO Jan van Eck has reiterated his bullish outlook for Bitcoin, projecting that it would rival gold in the near future. Van Eck told Bloomberg on August 1 that Bitcoin is digital gold, a sentiment that is slowly becoming a norm in the global market. He suggested that this emerging narrative would see Bitcoin
By Omkar Godbole (All times ET unless indicated otherwise) In the world of rock climbing, athletes don’t simply grab a new ledge and reach out for the next one. First, they put their full weight on the new ledge to ensure it’s solid before aiming higher. Bitcoin BTC$114,306.41 has followed a similar pattern since Friday’s
Bitcoin’s price dropped over 4% last week, wiping out half the gains made in early July and briefly dipping below the key support range of $114,672-$115,734. This short-term bearish pressure was amplified by a “death cross” on the 4-hour chart and negative funding rates, signaling caution among traders. However, a deeper look at on-chain data
As Bitcoin remains within a critical range, a prominent market analyst has noted that how it leaves this zone will determine its next move. According to a chart shared by crypto analyst Marc Cullen, Bitcoin is trading in an inefficient price area between two weekly ranges. This zone, which spans from $112,000 to $116,000, is
Investing in cryptocurrencies can yield either a substantial profit or a substantial loss. While there are many investments in both directions, one company made a huge profit on a surprising altcoin. Accordingly, Paradigm, a leading venture capital firm in the cryptocurrency field, made a huge profit from its investment in the altcoin called HYPE. It
Spheron Network, a popular P2P decentralized compute infrastructure provider, has announced its latest collaboration with OpenGradient, an emerging player in the open-source AI world. The partnership aims to bolster decentralized AI as well as intuitive infrastructure. In its announcement, the platform has described this move as a notable development to establish a decentralized and smarter
Mark Zandi, chief economist at Moody’s Analytics, is accelerating his warnings of an incoming recession, highlighting several troubling indicators that point to a broad-based economic slowdown. According to Zandi, the economy is on the ‘precipice’ of a major downturn, citing recent economic data showing that consumer spending has stalled, while both the construction and manufacturing