join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency world, and Bitcoin in particular, has been a hotbed of speculation and investment, the trajectory of which is often unpredictable. Renowned analyst Robert Prechter recently discussed this topic in an interview with known trader Alessio Rastani. He provided valuable insight into Bitcoin’s past performance and future prospects. Prechter began by explaining how Bitcoin, initially a practical concept, evolved into a hub for investment and speculation. He emphasized the role of socio-economic causality in these changes, in which the group mentality and psychological reinforcement of…
Author: Crypto Flexs
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As climate change puts energy sustainability at the forefront, natural gas has emerged as a cleaner transition fuel compared to oil and coal. Gascoin seeks to accelerate this transition by revolutionizing the natural gas industry through asset tokenization on the blockchain. Gascoin aims to bring accessibility, transparency and efficiency to the gas sector by allowing investors to purchase tokenized shares of natural gas reserves. With approximately $24 billion in natural gas reserves, Gascoin is at the forefront of reshaping the industry landscape. With its ongoing Initial Coin Offering (ICO), the project is actively working to bring global gas assets to…
El Salvador’s President Nayib Bukele applauded all opponents who questioned his country’s decision to buy Bitcoin, the world’s largest cryptocurrency by market capitalization.Bukele told X that his country’s controversial investment in Bitcoin is now paying off. “Bitcoin in El Salvador “Investment is in surplus” Posted on Monday“At the current Bitcoin market price, if we sell our Bitcoin, we will not only recover 100% of our investment but also make a profit.”The small Latin American nation of El Salvador made Bitcoin a fiat currency alongside the US dollar in September 2021. After that, El Salvador also began purchasing Bitcoin periodically. Although…
Written by Matteo Greco, Research Analyst at Fineqia International, a listed digital asset and fintech investment firm. (CSE:FNQ). Bitcoin (BTC) closed last week at around $26,000, down 0.5% from the previous week’s closing price of $26,100. Last week was pretty hectic after Grayscale won its lawsuit against the SEC. The court said the SEC’s decision to reject the Grayscale Bitcoin ETF application was arbitrary and capricious and did not provide an adequate explanation for the rejection.The SEC will now reevaluate the Grayscale Bitcoin ETF application and issue a new ruling at the appropriate time.Following the court ruling, the market rebounded…
Ethereum price has hit a new yearly high following a massive weekend rally that sent most cryptocurrency markets into the green. The rally pushed the price of Ethereum above the $2,200 level for the first time in 2023 and sparked speculation about what was causing the price surge. Ethereum Follows the King: Bitcoin One of the main reasons why the price of Ethereum has hit a new yearly high is the fact that the price of Bitcoin is also on the rise. Bitcoin, which is benefiting massively from the hype surrounding the approval of a potential spot Bitcoin ETF, jumped…
The price of Ethereum surpassed the $2,100 level and exceeded $2,200. ETH is gaining pace and may surge above the $2,220 level. Ethereum is showing many positive signs and recently cleared the $2,200 resistance level. The price is trading above $2,150 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trend line forming with support near $2,190. A break above the $2,220 resistance could extend the rally. Ethereum price rises 5% Ethereum price maintained a good price after stabilizing above the $2,000 level. ETH gained bullish momentum and cleared the $2,120…
The next bull market could begin as early as next year, driven by catalysts such as the upcoming Bitcoin (BTC) halving and the possible approval of a spot Bitcoin ETF in the United States. our latest Cointelegraph ReportHere’s how to prepare for your next parabolic move in five simple steps. First, it is important to understand Bitcoin market cycle theory, which states that cryptocurrency bull markets occur approximately every four years following a Bitcoin halving event when the supply of new BTC is halved. According to professional trader Eric Crown, we are still in the midst of a pre-halving rally…
Altcoin season has officially begun. Cryptocurrency stocks like MicroStrategy and Coinbase are also booming, and one bank is predicting a massive Bitcoin price increase much sooner than originally thought. This week we bring you these stories and more in cryptocurrency. Altcoins surpass Bitcoin Bitcoin hit $39,000 this week, its highest since April 2022, but altcoin season has begun, with explosive gains for many altcoins outpacing BTC. AVAX, the native token of the Avalanche blockchain, surged 97% as JPMorgan tested asset tokenization on the network. Besides AVAX, Helium, Blur, and Rune were among the top altcoins that doubled in value in…
A cryptocurrency analyst from the popular CryptoTV channel predicted a major breakout for several top cryptocurrencies in a daily YouTube video posted on December 4. Analysts have pointed to recent price movements in assets such as Bitcoin (BTC), Ethereum (ETH), and XRP as early confirmation that the expected rally is underway. As you can see across the board with this cryptocurrency, we are breaking through. Notably, the analyst believes Bitcoin could continue to rise above what he identifies as a key “bullish fractal” resistance level after the two-day close. However, he warned that Bitcoin is approaching overbought territory on the…
Over the past seven days, Bitcoin (BTC) has surged a whopping 14.5%, hitting a 20-month high of $41,130 by December 4. Traders and analysts were left speculating, especially due to the liquidation of $100 million worth of shorts. (Bearish) Bitcoin futures are made within just 24 hours. However, a closer look at BTC derivatives data tells a different story that highlights spot market activity.BTC liquidation mapEnough shorts to go for $45,000-$46,000. pic.twitter.com/7O2zYD4j8Q— Nick Algo (@nik_algo) December 4, 2023 Impact of recent Bitcoin futures market liquidationAlthough the Chicago Mercantile Exchange (CME) trades USD-settled contracts for Bitcoin futures, no actual Bitcoin is…