Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has topped. He further alluded to an “exponential decay,” which he noted could be used to describe Bitcoin. Brandt’s exponential decay thesis is based on the fact that Bitcoin’s percentage gain has significantly reduced in every subsequent bull cycle. Related Reading: Ethereum Withdrawals From Exchanges Top 260,000 ETH – What This Means For Price For context, Bitcoin, according to the crypto expert, recorded a 122x increase from its market low to market high between 2015 and 2017. However, that was only 21.3% of Bitcoin’s price gain in the previous cycle (between 2011 and 2013). Source: X…> Open article in new tab
The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics platform, has thrown a curveball into the mix. Source: CryptoQuant The model, trained on a massive dataset of historical price movements and on-chain activity, predicts a significant price surge for Bitcoin in the coming weeks. According…> Open article in new tab
Following a pullback, the price of Bitcoin has continued on its downward movement. The coin, after failing to break above the 100-day Simple Moving Average (SMA) and the trend line has experienced a drop of over 6% from its previous high. Will the price of BTC continue to move in a downward direction or will it reverse and start moving in an upward direction? As of the time of writing, the price of BTC was trading around $62,972 which is about 28% down from its all-time high and was down by 1.27% in the last 24 hours. Although the price is trading below the 100 SMA on the 4-hour chart, on the daily chart it is still trading above the 100 SMA. Current Condition Of Indicators And What They Suggest Looking at the chart, technically a support level and a resistance level of $59,653 and $67,255 were formed respectively. However,…> Open article in new tab
A bull flag recently formed on the Bitcoin chart, raising the possibility of a trend reversal soon enough as the flagship crypto makes significant moves to the upside. This crypto analyst suggests that the crypto could rise to as high as $100,000 when it makes that move. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin’s Bull Flag Suggests More Upside Denis Baca, Head of Product at Zivoe Finance, noted that the bull flag formation on Bitcoin’s daily chart historically suggests that the crypto token is primed for more upsides. He added that the bullish pattern is “shaping up nicely” and that Bitcoin could potentially shoot up towards $100,000 once the declining volume picks up. However, Baca further suggested that Bitcoin could drop below $60,000 before it makes such a parabolic move. He alluded to how the crypto token historically retests the support level…> Open article in new tab
The story has not been any much different for Bitcoin, with its price still stuck in a consolidation range in the past week. The sluggishness of the premier cryptocurrency – and the general market – has continued despite the completion of the halving event over a week ago. The halving event, which saw mining rewards take a significant cut, was expected to usher in another round of bullishness for the Bitcoin price. On the contrary, investors appear to be getting frustrated with the slow activity of the market, with many calling for the dump of BTC. Bitcoin Sell Calls At Increased Rate: Blockchain Firm According to a recent report by on-chain analytics firm Santiment, investors are increasingly calling for the sale of Bitcoin across social media following its latest drop toward $63,000. The relevant metric here is the “social volume” indicator, which tracks the number of unique posts and messages…> Open article in new tab
Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days, the digital asset’s price has declined by 6.49%, falling below the $63,000 price mark. As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoin’s price fall and perhaps an insight into the future price movements of the crypto market leader. Related Reading: Timing The Breakout: When Will Bitcoin Escape The Post-Halving Consolidation? BTC Potential Price Decline Ahead? In an X post on April 26, Rekt Capital stated that Bitcoin has now entered the Post-Halving “Danger Zone.” The analyst described this phenomenon as a period during which Bitcoin has historically experienced price corrections after the halving event.…> Open article in new tab
The U.S. Department of Justice rebuffed Roman Storm’s motion to dismiss criminal charges against him late Friday.> Open article in new tab
In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.” These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others. XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around $2 billion daily, Forbes asserts that the token’s primary purpose remains “speculative” and “lacking meaningful utility.” Related Reading: XRP Whales Are Active: Here’s Where They Are Sending Coins However, Ripple Labs and XRP are not alone in this regard. Forbes reveals that 50 blockchains, excluding Bitcoin (BTC) and Ethereum (ETH), currently trade at values surpassing $1 billion, with at least 20 of them classified as “functional zombies.” Collectively, these 20…> Open article in new tab
Billionaire investor Anthony Scaramucci, the founder of SkyBridge Capital, recently discussed the viability of financial assets. He took to X, a social media platform previously known as Twitter and owned by Elon Musk, to highlight the decreasing purchasing power of the United States dollar in comparison to the potential of Bitcoin (BTC). US Dollar Vs. Bitcoin Value Performance In the post on X, the SkyBridge Capital founder pointed out that a dollar from 2020 is now only worth about 75 cents, underscoring a significant devaluation due to inflation. Related Reading: Is A $72K Bitcoin Surge On The Horizon? Glassnode’s Latest Analysis Points To An Answer According to Scaramucci, this scenario illustrates why investors should reconsider traditional fiat currencies as a reliable store of value, advocating instead for the inherent benefits of digital assets like Bitcoin. Dollar from 2020 is now worth 75 cents. Buy Bitcoin credit @balajis pic.twitter.com/WzIosKfJv2 — Anthony…> Open article in new tab
Bitcoin (BTC), the largest cryptocurrency in the market, has been trading within a re-accumulation range between the $59,000 and $70,000 price levels for the past month and a half. Crypto analyst Rekt Capital recently shared its perspective on this phase and its potential duration, drawing from historical patterns and data in a post on social media platform X (formerly Twitter). Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Breakout Timing And Historical Patterns According to Rekt’s analysis, Bitcoin tends to experience a re-accumulation range following the Halving event, which occurs every four years to counteract any inflationary effect on Bitcoin by lowering the reward amount for miners and maintaining scarcity. Historically, This consolidation phase lasts up to 150 days before Bitcoin breaks into a parabolic uptrend. Based on this pattern, if Bitcoin continues to consolidate for the next 150 days, Rekt suggests a breakout…> Open article in new tab
Recent on-chain data has shown a transfer of 456 million DOGE tokens into crypto exchange Coinbase amidst a flurry of Dogecoin whale transactions across various exchanges in the past 24 hours. The price of DOGE has majorly traded below the $0.165 price level in the past seven days despite the price uptick among other meme coins. These recent events of whale transfers, however, appear to be leading to a bearish view towards DOGE. Transfers of this nature into a crypto exchange point to the whales getting ready to sell off their bags, which risks crashing the DOGE price. Whales Move 456 Million DOGE To Crypto Exchange Whale Alerts, a crypto whale transaction tracker, has shown various instances of whale transactions in recent hours. Amidst these transactions is the transfer of 456.83 million DOGE tokens worth $68.7 million into popular crypto exchange Coinbase. Interestingly, the transfer of DOGE was made to…> Open article in new tab
The yen’s volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.> Open article in new tab
Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.’s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security.> Open article in new tab
Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve’s rejection of its bid for a master account and membership.> Open article in new tab
Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a letter she sent to the top U.S. law-enforcement official.> Open article in new tab
Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
The startup is one of the first to build tokenized tech for Bitcoin’s Runes era.> Open article in new tab
The new laws set up “enhanced” due diligence and customer checks for crypto firms.> Open article in new tab
The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday’s closing price of $28.22 from its Next Generation Internet ETF (ARKW).> Open article in new tab
Yao Qian is reportedly being investigated for “violations of discipline and law.”> Open article in new tab
BTC Stable Above $64K While ETF Outflows Hit $200 Million> Open article in new tab
New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.> Open article in new tab
Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.> Open article in new tab
Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.> Open article in new tab
The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund’s BENJI token and make it more interconnected with the digital asset ecosystem.> Open article in new tab
The author of “Burn Book” says while crypto is important, it’s not the center of everything.> Open article in new tab
The pool mined the first block after last week’s halving, winning an “epic” sat in the process.> Open article in new tab
The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.> Open article in new tab
The professionalization of crypto is here, whether it’s tokenized securities, crypto-forward financial products from the world’s largest asset managers or platforms that help financial advisors access this new market directly.> Open article in new tab
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.> Open article in new tab
Movement’s 21 and 24-year-old co-founders say they are on a mission to “make blockchain security sexy” with the launch of their L2.> Open article in new tab
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.> Open article in new tab
Employment contracts that stop free movement of labor conflict with an innovative industry’s open-source ethos, says Linda Jeng, CEO of Digital Self Labs, a Web3 advisory firm.> Open article in new tab
The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for April 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.> Open article in new tab
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.> Open article in new tab
U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday “We are on our way to getting a stablecoin bill in the short run.”> Open article in new tab
Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.> Open article in new tab
The move may bring fresh energy and capital into the spot ETFs.> Open article in new tab
Inflows have slowed this month, taking the wind out of the bitcoin bull run.> Open article in new tab
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.> Open article in new tab
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.> Open article in new tab
Institutional investors located in Canada significantly increased their holdings of cryptocurrencies in 2023, a survey by KPMG found.> Open article in new tab
Avi Eisenberg’s centi-million dollar exploit of the decentralized Mango Markets trading platform revealed the perverse incentives of bug bounties.> Open article in new tab
One of the issuers waived management fees for the first six months, undercutting rival offerings.> Open article in new tab
The next era of Web3 will be defined by the ability of projects to attract and retain users, says Kelly Ye of Decentral Park Capital. Coinbase’s Ethereum Layer 2 is showing the way forward.> Open article in new tab
On-chain real-world assets and the integration of wallet infrastructure will replace intermediaries and become standard in the modern asset management lifecycle, says Mehdi Brahimi, head of institutional business at L1.> Open article in new tab
The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.> Open article in new tab
The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.> Open article in new tab
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.> Open article in new tab
The products check decentralized applications across 40+ blockchains via WalletConnect, Fireblocks’ browser extension, and MetaMask Institutional.> Open article in new tab
Strike, the payments application using the Bitcoin blockchain, has launched in Europe, allowing customers to buy, sell and withdraw bitcoin {{BTC}} in the region, it announced Wednesday.> Open article in new tab