Bitcoin has had a very eventful first five months of 2024. After a Bitcoin ETF was approved in early January, we first saw a sell-the-news move down, and then we quickly moved higher in February and March. In mid-March we hit a new record ($74,000), after which April turned out to be fairly directionless. The […]
There are reports of a possible new golden cross being posted on the graph next week (on the 12-hour chart) for Bitcoin, there is some surprisingly lower US inflation (we didn’t see that coming) and then there’s a new record for the Dow Jones. All this ensures that optimism has returned both for crypto and […]
Chinese investors have been looking for a way to protect their assets against devaluation for years now. Apparently some criminals in Chengu had understood this and opened an illegal crypto bank that already had 2 billion in stablecoins in its possession. Police closed down the operation this week. Over in the altcoin market it was […]
After ‘Roaring Kitty’ suddenly returned to his Twitter (now X) account earlier this week, the stock price of GameStop rose spectacularly (at first). In the wake of this ultimate ‘meme stock’, several memecoins followed suit, with big leaps forward for Dogecoin and Pepe on the same day. Memestocks and memecoins are suddenly making headlines again, […]
A softer than expected inflation reading delivered the best day in two months for Bitcoin. The largest digital currency rose to $65,000 in just a few hours. At the time of writing, Bitcoin is trading for $66,000. 🇺🇸 US inflation falls to 3.4%. Stars are aligned. #Bitcoin is going to the moon 🚀 pic.twitter.com/aDeOP0CRN3 — […]
Coinbase, still the largest crypto platform in the United States, saw a lot of bad PR online when their platform crashed on Tuesday (for four hours) and afterward several users reported that they could not access their funds. Several American influencers compared the situation to what happened at FTX back in 2022. After years of […]
A rather green Monday for the crypto market. Toncoin’s climb was expected and also predicted (by the launch of NOT later this week), but it was especially positive to see that even Bitcoin seems to be looking up again. Peter Brandt, the well-known analyst, got into a fight with some fans of XRP on social […]
The weekly chart of Dogecoin, still the largest memecoin, currently shows the buildup of same bullish sign that we saw earlier in 2021, just before the jump to 75 dollar cents, namely a ‘golden cross’. The 50-week moving average will normally move higher than the 200-week moving average somewhere next week. Is ‘Dogecoin to a […]
Bitcoin is caught in a fairly wide trading range ever since reaching a new record ($74,000) in mid-March. The limits of that trading range are about 25 percent below that top ($57,000) and the $70,000 level (which we haven’t reached for several weeks). What’s next? I believe there are three options. Boredom A continuation of […]
Bitcoin has been struggling to find its way up again in the last few days. Although the recent low of $57,000 still seems like a very strong support line, Bitcoin just can’t seem to break the $65,000 mark, which it needs for a rise to $70,000. At the time of writing the Bitcoin price is […]
