In Brief Since the beginnig of th eyear, Bitcoin and Ethereum have emerged as some of the best-performing digital assets. However, Shiba Inu’s SHIB token has outperformed both Bitcoin and Ethereum in the ongoing crypto market rally. Notably, this surge occurs amid Shibarium witnessing a record number of transactions exceeding 412 million. Shiba Inu has…
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Mow’s bullish stance on Bitcoin’s future comes at a time when the crypto market is witnessing an unprecedented level of interest from institutional investors. Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow made the statement…
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Bitcoin’s surge past $72,000 pushed 99.76% of entities and 99.74% of addresses into profit — the highest level ever recorded. In the ever-fluctuating world of Bitcoin, deciphering market sentiment is akin to reading tea leaves. Yet, advanced on-chain metrics offer a clearer vision, particularly the percentage of addresses and entities in profit—a harbinger of market…
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President Nayib Bukele outlined El Salvador’s lucrative journey within the Bitcoin ecosystem. Nayyib Bukele, the President of El Salvador, revealed that the Central American nation generates multiple Bitcoin revenues from various channels alongside its BTC holdings. In a Mar 11. post on social media platform X (formerly Twitter), the president outlined four additional sources of Bitcoin revenue for the…
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Retail traders would not be able to trade these investment products. The London Stock Exchange intends to potentially list Bitcoin and Ethereum exchange-traded notes (ETNs) by the second quarter of this year, as revealed in a Mar. 11 market notice. This followed the UK’s Financial Conduct Authority (FCA) approval for Recognised Investment Exchanges (RIEs) to establish a listed market segment dedicated to…
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Despite his recognition of crypto’s growth, Trump strongly advocated for the continued dominance of the US dollar as the global reserve currency. Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it. Trump made the…
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In Brief Billionaire investor Bill Ackman has revealed that he could purchase Bitcoin (BTC). He theorizes a scenario where a surge in Bitcoin’s price could lead to economic collapse. However, prominent figures in the crypto market have countered Ackman’s logic. American hedge fund manager and billionaire Bill Ackman has sparked a stir in the crypto…
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In Brief Long-term technical analysis suggests a peak of Bitcoin price in the $155,000 – $175,000 range. Although subsequent cycles are weakening, Bitcoin still has a chance to surge 10x from the macro bottom at $15,495. The peak of the current BTC cycle should be reached between April and August 2025. This week Bitcoin touched its…
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MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on…
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In Brief Anthony Scaramucci makes his case for why Biden’s presidency positively influences crypto and financial markets. Advocating for traditional societal structures, Scaramucci sees them as vital for crypto’s success. Biden’s adherence to the rule of law is expected to expedite crypto regulations, providing a stable legal framework. Anthony Scaramucci, founder and managing partner of…
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