CleanSpark CEO Zach Bradford said in an interview with analysts at research and brokerage firm Bernstein that he expects Bitcoin to reach nearly $200,000 this cycle.“Current analysis suggests that Bitcoin could peak below $200,000 in the next 18 months. Perhaps it will peak. But I think we will see a rapid takeoff and hopefully a prolonged rally before we revisit the bear cycle,” Bradford told Bernstein’s Gautam Chhugani, according to a note to clients on Monday.“One positive sign is that Bitcoin’s extended lock-in period shows that sustained bulls can also last longer. “Of course, this can all vary depending on…
Author: Crypto Flexs
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Remixpoint announced a new cryptocurrency investment. The company said the investment was part of a new cash management strategy. The purchase was part of a plan to acquire more than $10 million worth of digital assets. Tokyo-listed Remixpoint has acquired millions of dollars worth of various cryptocurrencies to diversify its assets amid inflation concerns in Japan. The investment comes as other companies in Japan are embracing digital assets amid concerns about a future decline in the value of the yen. This includes Metaplanet, which switched to a “Bitcoin First Bitcoin Only” financial plan in March in direct response to the…
Our weekly roundup of African cryptocurrency news from the African continent includes AFRO meme coin launch, growth of service providers in Nigeria’s cryptocurrency community, Hamster Kombat failing after launch and gaining approval. Nigerians angry after Hamster Kombat flop release Months after Hamster Kombat, a tap-to-earn project, created a stir online, Released Before tanking. This has left Nigerians angry and feeling cheated. Their disappointment is seen as a result of months of hard work knocking out hopes of hitting the jackpot. However, as a result, most users received a much lower minimum payout than they expected. Anger and disappointment are evident…
Shiba Inu (SHIB) burn rate has surged over the past 24 hours, providing a bullish outlook for the meme coin. This is also significant in that it suggests that Shiba Inu bulls are returning to the ecosystem. Shiba Inu burn rate increases by 81% According to data from Shiba Inu burn tracker Shibburn, the burn rate of meme coins has surged 81% in the past 24 hours, with 3.7 million coins burned during this period. Meanwhile, burn rates have surged by a whopping 3,600% over the past seven days, with 2 billion coins burned during this period. advertisement …
An analyst who gained popularity after correctly predicting a cryptocurrency crash in 2022 believes Bitcoin (BTC) and altcoins are primed for a continuation of their bull run. Household analyst Capo told 102,828 subscribers on instant messaging platform Telegram that there would be a small decline in BTC. According to Capo, a small retracement would set the stage for BTC to rise above $70,000. “There is also a big resistance level in Bitcoin. A decline towards the $64,000-$65,000 level would be sound before the bullish continuation.” Source: Capo/Telegram As of this writing, Bitcoin is trading at $64,370, down more than 2%…
james ding September 30, 2024 03:18 Binance has launched the Word of the Day Game, giving participants a chance to win tickets to Binance Blockchain Week 2024 and other rewards. Binance announced the launch of a new Word of the Day (WOTD) game themed around Binance Blockchain Week. According to binance.com, this initiative offers participants the opportunity to win exclusive rewards, including tickets to Binance Blockchain Week 2024 in Dubai.The activity period for this WOTD game is from 00:00 UTC on September 30, 2024 to 23:59 UTC on October 6, 2024. During this time,…
BNB has been in the spotlight recently as Binance founder and former CEO Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after serving four months for violating anti-money laundering laws.While some believe the launch of CZ could trigger a rebound in BNB (BNB), others expect its performance to mirror that of the broader altcoin market.BNB, similar to Bitcoin (BTC), has been stuck in a large range for several months, indicating indecision between bulls and bears.Daily view of cryptocurrency market data. source: Coin360However, a positive sign is that investors are optimistic about the long-term prospects of…
reporter Posted on: September 30, 2024 XRP is up 7% in 12 hours and more gains may follow. The accumulation trend supported the move towards $0.7. Ripple (XRP) has recorded sharp price gains in recent hours following speculation that the U.S. Securities and Exchange Commission (SEC) may appeal its ruling in the SEC v. Ripple case. In a post for He also said it “makes no sense” for the SEC to appeal the court’s ruling, “so someone like Gary Gensler might appeal.” October 7 is the deadline for either party to appeal the ruling. As this deadline lengthens, XRP price…
As part of newly disclosed provisions, debtors responsible for collapsed cryptocurrency exchange FTX will secure up to $230 million in government forfeiture proceedings for preferred shareholders.The agreement, disclosed in a recent filing, comes as a surprise to creditors who have traditionally been paid off before shareholders in bankruptcy proceedings and were unaware of the provisions when they overwhelmingly voted to approve the plan before the Aug. 16 voting deadline. It was work. “No comments were made by general creditors,” said Sunil Kavuri, head of FTX’s largest creditor group. “FTX customers who follow me have told me they feel like they…
Bitcoin (BTC) failed to rally after breaking $65,000, but it is a positive sign that the bulls have not given up much ground. This means that buyers are holding on to their positions, hoping that the uptrend will expand further.The US-based spot Bitcoin exchange-traded fund (ETF) saw inflows of $1.1 billion last week, the largest weekly inflow since July 15-19. This shows that sentiment has changed positively. The rally pushed the cryptocurrency Fear and Greed Index into greed territory, hitting 63 on September 29th. Daily view of cryptocurrency market data. source: Coin360Another sign of retail traders entering the cryptocurrency market…