Author: Benjamin Lee
A widely followed crypto analyst believes Bitcoin’s (BTC) bull market is just weeks away from coming to an end. The analyst pseudonymously known as Rekt Capital tells his 550,400 subscribers on the social media platform X that the Bitcoin bull market could end in two or three months if history repeats itself. According to the pseudonymous analyst, the Bitcoin bull market typically hits the peak around 518 to 546 days after the halving, suggesting it could occur between mid-September and mid-October. The fourth Bitcoin halving took place in April 2024. On what is in store for Bitcoin’s price over the…
A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the world’s largest crypto exchange platform by trading volume. In a recent announcement, Binance said it is adding support for Lagrange (LA), preceding a significant dip in price. “Binance is excited to announce that Lagrange will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” After the announcement, the digital asset went from a seven-day high of $0.676 on July 9th down to $0.416 at time of writing, a 32% decrease during the last 24 hours. Last month, LA saw the opposite…
Bitcoin price hit a record $113,923, driving altcoins higher. Despite the new BTC peak, exchange reserves continue to plummet. Investors’ reluctance to sell, despite the price spike, signals strong belief in Bitcoin’s future performance. Bitcoin (BTC) surged to a new all-time high of $113,923, pushing the broader cryptocurrency market into fresh bullish momentum. Yet, as BTC looks to rally further, analysts are saying the market is in no rush to cash in on the windfall, with holders choosing to keep their coins off exchanges to continue a trend seen over the past several months. Notably, Bitcoin has rallied more than…
XRP price has gained 5% to hit $2.50, its highest level in nearly two months. Ripple’s token appears poised to challenge its 2025 high of $3.40. A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10. Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718. Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels.…
Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity. The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated. Institutional interest and increased buying could drive Ethereum’s price higher. Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally. This is after Bitcoin (BTC) soared to a new all-time high above $112,000. However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out…
Matt Hougan, the chief investment officer (CIO) of crypto asset management firm Bitwise, is predicting an explosion in the tokenization of traditional assets. In a new blog post, Hougan says that the transition of stocks, bonds and other real-world assets (RWAs) onto blockchains instead of traditional systems may happen much quicker than he previously thought. “I still think it will take more than a decade before the majority of stock and bond trading happens on-chain. But with major financial firms like Robinhood and Tradeweb positioning themselves for the transition today, I’ve started to wonder: could tokenization achieve 1-5% penetration in…
Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB). “GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.” GMX confirmed the hack on its own X account, saying that its Arbitrum-based liquidity pool was drained of $40 million, which was immediately…
An analyst with a history of timely crypto calls believes that Bitcoin (BTC) will break out and trade in uncharted territory soon. Pseudonymous analyst Pentoshi tells his 869,100 followers on the social media platform X that he thinks Bitcoin will surge to an all-time high (ATH) price in the next few days. “Feel it in my flippers that we see BTC at ATH this week The market, especially ETH and BTC both have a lot of tailwinds so far (barring anything unexpected)… If we break out, I think we see $118,000-$120,000 pretty quick.” Source: Pentoshi/X At time of writing, Bitcoin…
Widely followed trader Michaël van de Poppe believes that new record highs are bound to happen for the crypto market. The analyst tells his 794,400 followers on the social media platform X that he’s keeping an eye on the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins. According to Van de Poppe, TOTAL is gearing up for a massive breakout after printing a series of higher lows since the start of 2024. “A constant move upwards for the entire crypto market capitalization. Matter of time until we’re breaking upwards to a new all-time high.” Source:…
SushiSwap has hinted at a massive announcement coming this week. The altcoin shows bullish signals at a crucial support barrier. Traders now target the key resistance zone at $0.79- a 30% surge. Meme coins dominated financial trends with impressive rallies on Monday as Elon Musk launched a pro-Bitcoin political party for Americans. Meanwhile, the SushiSwap team supercharged SUSHI’s rebound with a cryptic post on X, hinting at a massive reveal in the next few days. SushiSwap is a DEX that runs on multiple blockchains as an AMM (automated market maker). It enables users to swap assets and offer liquidity without…