Kiyosaki questions Bitcoin’s legitimacy; this potential ‘Dogecoin Killer’ has ambitions to reach $500
Renowned investor Robert Kiyosaki, author of the mega-selling “Rich Dad Poor Dad,” has been a vocal advocate for Bitcoin for years. Recently, however, Kiyosaki’s stance seems to be wavering. While he still believes Bitcoin has potential as a hedge against inflation due to its finite supply, he’s questioning its legitimacy in a system he views […]
Bitcoin’s surge to $46.5k catapults Stacks and Bitbot higher
Stacks (STX) price rose more than 20% to hit highs of $1.87 as Bitcoin hit $46.5k. Bitbot presale surpassed $480k and was eyeing the $500k milestone. Here’s what Bitcoin’s big move suggests for Bitbot, the world’s first non-custodial Telegram trading bot. The total crypto market cap rose more than 4% to above $1.8 trillion as […]
2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ)
As the crypto world eagerly anticipates the year 2024, it holds a promise marked by a significant event – Bitcoin’s fourth halving. This phenomenon, coupled with optimistic forecasts for cryptocurrencies like Chainlink and Rebel Satoshi ($RBLZ), is poised to shape the landscape of the digital asset realm. In this article, we delve into the potential implications […]
Bitcoin’s dominance level now above 50% as altcoins underperform
Key takeaways Bitcoin’s market dominance now stands above 50% as Ether and other major altcoins underperform. The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East. Bitcoin’s market dominance now stands at 50.3% Bitcoin, the world’s leading cryptocurrency by market cap, has seen its market dominance increase in recent […]
MicroStrategy purchases 5,445 bitcoins as Chancer’s presale hits $2.2m
Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase. Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s […]
BTC Whale moves $37M worth of bitcoins after eleven years of inactivity
There has been an increase in the number of early crypto holders moving tokens to new wallets. The BTC whale moved all their bitcoins to a new wallet. Whales make such moves in preparation for selling or alternative investments. Lookonchain has revealed that an early Bitcoin (BTC) holder transferred $37 million worth of bitcoins to […]
Bitcoin’s correlation with gold sinks to two-year low, a warning for investors
Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum With full effects of tight monetary policy still to come, market should not get ahead of […]
Bitcoin’s correlation with Nasdaq 100 shrinks to 3-year low
Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock. […]
Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion
Key Takeaways Bitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisis Dan Ashmore, our Head of Research, warns that volatility will return before long Over 50% of stablecoins have left exchanges and orderbooks are thin, he writes, meaning there is less needed to move […]
1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense
Key Takeaways MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K The total investment is now $4.2 billion, with the company’s fate tied to the Bitcoin price CEO Saylor remains ultra-bullish, but has no regard for risk management For investors, someone may as well just purchase Bitcoin […]