Bitcoin

On-Chain Data Reveals Volatility Is Likely on BTC’s Horizon

A new Tweet by Glassnode suggested that there could be some volatility in store for BTC’s price. The analysis platform pointed out that the drawdowns experienced across BTC’s recent upswing in price action are smaller than in previous years. At press time, BTC was trading hands at $26,835.02, following a 0.90% price decrease. The on-chain analysis platform, Glassnode, recently took to Twitter to share some new insights about t...

Balaji Says Bitcoin Will Play A Big Role In 2024 US Election

Balaji Srinivasan believes that next year’s U.S. Presidential Elections will be influenced by Bitcoin. The Bitcoin maximalist highlighted the looming sovereign default and fiat crisis as major issues for the upcoming elections. Balaji compared Bitcoin’s role in the 2024 elections to Twitter’s role in the 2016 U.S. Presidential Elections. Former Coinbase CTO Balaji Srinivasan believes that Bitcoin will play a big role in next...

These US Presidential Candidates Are Accepting Bitcoin (BTC) Donations

Presidential Candidates in the United States are accepting campaign donations in Bitcoin. On Friday, Vivek Ramaswamy and Robert F. Kennedy Jr, both announced their intention to accept BTC donations ahead of the 2024 primaries. RFK Jr Becomes First Presidential Candidate to Accept Crypto  Robert F. Kennedy Jr, who is vying to become the next Democratic presidential nominee, made his announcement on Friday during the Bitcoin 2023 convention in Mia...

Bitcoin Expected To Catch “Exit Fiat Bid” If US Defaults On Debt | Coingape

The US government has until 1st June to reach an agreement on raising the debt ceiling. The faliure of the US government to reach an agreement will trigger a catastrophic wave in the US and global economy. However, the US defaulting on its debt could mean a pump in bitcoin’s price. If the US government fails to raise the debt ceiling, the stock markets are expected to crash leaving investo...

3 Crypto Projects That Keep Linking With Andrew Tate | Coingape

Crypto Market News: Popular influencer Andrew Tate lashed out at Ben.eth, the creator of PSYOP cryptocurrency. The recent popularity behind memecoins like PEPE Coin led to the creation of new tokens. However, ethical practices like linking crypto tokens with influencers could have a cascading effect on the crypto market sentiment. Meanwhile, the Bitcoin price is displaying a bearish outloo...

SEC Vs Coinbase: Lawyer Unfolds Coinbase’s Brilliant Game Plan | Coingape

Crypto Market News: Referring to Coinbase’s Mandamus Petition, XRP attorney John Deaton recalled that the U.S. Securities and Exchange Commission (SEC) made Chair Gary Gensler’s public comments devalued. The SEC took the stance when it recently asked the Judge to deny Coinbase’s request to ask the agency to respond to a rulemaking petition. Coinbase submitted the petition in 2022, seeking ...

Is Bitcoin Price Really In Bull Market? Glassnode Data Suggest Otherwise | Coingape

Bitcoin bulls are waning and bearish sentiment is picking up in the crypto market. The fear and greed index clearly indicates investors’ sentiment falling from a May high of 65 (greed) to 48 today. Macro factors remain the primary reason behind that weakening Bitcoin price rally to $30,000 this month. Also, US Fed Chair Jerome Powell’s speech on Friday fails to give a clear direction and r...

Bitcoin (BTC) Is on the Verge of a Bullish Breakout, Says Analyst

The technical analyst CryptoCon believes that it is only a matter of time before BTC starts to “take off.” At press time, BTC’s price had printed a slight 24-hour gain – taking its price to back above $27K. BTC may look to flip the $27.3K resistance into support in the next 24-48 hours. CryptoCon, a technical analyst, tweeted yesterday that it is only a matter of time before Bitcoin (BTC) starts to take off. The post was made after ...

Michael Saylor: BTC’s Low-Risk Network Resilient Amidst Regulations

According to Michael Saylor, Bitcoin is emerging as the winner in the crypto ecosystem. Saylor believes that Bitcoin is a low-risk network and will be the last operating network in regulated environments. Saylor highlights the encryption and inscription capabilities of Bitcoin for securing important documents. YouTube channel Simply Bitcoin recently posted a video studying MicroStrategy co-founder Michael Saylor’s interview with Dav...

Apple and Google Pose Threats to Crypto Industry, Ex-Coinbase CTO Says

Crypto entrepreneur Balaji Srinivasan has described Google and Apple as systemic risks to the crypto industry. The former Coinbase CTO tweeted this on May 19. According to him, these tech giants are major security threats because the federal government can weaponize them. If that happens, the government could “backdoor iPhone and Android to exfiltrate private keys,” he said. How These Tech Giants Threaten Crypto Balaji noted that in a future whe...
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