Gold prices are trading near a record high of $2,250 per troy ounce as investors seek alternative stores of value due to concerns about inflation and low interest rates. Meanwhile, Bitcoin has experienced a sharp decline, falling 7% in the past 24 hours and causing other cryptocurrencies to also drop in value.
A potential weakening of the US dollar indicated by the dollar index (DXY) could trigger a massive rally for Bitcoin, potentially sending it to $150,000, according to crypto analyst Jamie Coutts.
The arrival of Wall Street bitcoin exchange-traded funds has propelled the bitcoin price to over $70,000 and sparked speculation of a price game-changer due to claims of a Wall Street bitcoin ETF leak.
Dave Ramsey, a crypto-skeptic, recently acknowledged that Bitcoin is a currency but still views it as a risky investment with no intrinsic value or cash flow.
Financial skeptic Dave Ramsey has taken a more measured tone when discussing Bitcoin recently, admitting that it is a currency but still remaining skeptical of its value and potential as an investment.
Dogwifhat (WIF), a memecoin built on Solana, may be due for a correction, according to a trader who applies the Elliott Wave theory, while Solana itself is expected to experience a 7% decline before its next leg up, says the same trader.
Bitcoin is in the final stages of consolidation before the next leg up, according to a cryptocurrency analyst known as Rekt Capital, who suggests that the reaccumulation and pre-halving retracement phases provide prime opportunities to load up on Bitcoin before a post-halving parabolic rally to new all-time highs and beyond.
The recent surge in the Bitcoin to Ethereum price ratio indicates a shift from "fear of missing out" to fear in the crypto market, while Bitcoin's performance remains stable and Ethereum's performance weak; there is speculation that Bitcoin may experience a double top formation similar to previous market cycles.
Binance customers have staked over $13.1 billion worth of Binance Coin (BNB) and FDUSD stablecoin to earn a share of the 45 million SAGA tokens, making it the largest Launchpool campaign in Binance history.
Singapore-based Terraform Labs and its founder Do Kwon have been found liable on civil fraud charges by a Manhattan jury, agreeing with the SEC's accusations that they misled investors before the collapse of their stablecoin in 2022.
Nyan Heroes, a feline mech shooter on the Solana platform, has gained over 100,000 players since its pre-alpha demo launched on the Epic Games Store, and is now offering leaderboard rewards such as NFTs and MEOW points.
Google is suing two Chinese app developers for creating fraudulent cryptocurrency investment apps that caused financial harm to at least 100,000 people worldwide, according to a complaint filed by Google. The apps promised big returns on investment but instead, the developers would withdraw the deposits made by victims and prevent them from accessing their account balances. The lawsuit also claims that the developers engaged in marketing campaigns and social engineering tactics to promote the scams. Google is seeking an injunction to prevent the developers from accessing its services again.
Bitcoin price could retest $60,000 before reaching its previous peak of $73,777, while Ethereum price may reclaim $4,000 if Bitcoin closes above $69,000, and Ripple price could drop to $0.5000 before attracting buyers.
A federal jury in New York has found South Korean crypto magnate Do Kwon and his company Terraform Labs liable for defrauding investors who lost billions of dollars in cryptoassets, resulting in near-zero value, and Kwon now faces criminal charges in the United States and South Korea.
The discussion about the issuance curve of staking rewards in Ethereum is really about Ethereum governance and monetary policy, with critics concerned about changing the issuance curve and the influence of the Ethereum Foundation, while stakeholders are advocating for more community feedback mechanisms and independent observers.
A district attorney from New York has announced the disruption of a fraudulent "pig butchering" operation that scammed people out of millions of dollars by tricking them into fake cryptocurrency investments with promises of high returns which resulted in victims losing their investments.
Notcoin, a crypto game on Telegram, has paused its gameplay ahead of the token launch on The Open Network, but plans to relaunch with a new rewards model that allows users to continue earning rewards from mining/farming pools, with projects buying Notcoins from the secondary market to fuel gameplay rewards. Additionally, the game intends to add trading bot functionality and integrate with other Web3 games, aiming to become a decentralized system while avoiding scam projects.
Genesis, a bankrupt crypto lender, has sold its shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy 32,041 bitcoins worth $2.2 billion at today's prices.
A new documentary called "The Big Empty" explores the impact of Bitcoin mining on the small town of Spur, Texas, highlighting how it has revitalized the community and created job opportunities, while also shedding light on the potential challenges that arise from integrating a massive bitcoin mine into a small town.
Terraform Labs and its co-founder are being investigated by the SEC for allegedly misleading investors about the stability of Terra USD (UST), an algorithmic stablecoin, with the trial currently underway.
Crypto altcoin CORE has experienced a surge in value of over 100% in the past week due to new partnerships and the introduction of new features, including a unique NFT marketplace and a DeFi program.
Experts predict that Bitcoin's upcoming halving may not have a significant impact on its price due to the strong demand from spot exchange-traded funds (ETFs), although the long-term effects on both Bitcoin's price and ETF flows are expected to be positive.
A federal appeals court has revived a lawsuit against Coinbase, the largest U.S. cryptocurrency exchange, after customers accused the platform of illegally selling unregistered securities and not registering as a broker-dealer.
Solana NFT marketplace Tensor plans to launch its TNSR token and Coinbase will list the token, coinciding with the end of Tensor's rewards program.
JPMorgan remains optimistic about the approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC), despite potential delays and ongoing scrutiny, citing decentralized network concerns as a critical factor in avoiding a security classification.
The Ethereum Foundation's proposal to reduce the issuance of new ETH tokens and incentives for new stakers has sparked debate within the community, with some questioning the need for the changes and the Foundation's influence over the network. The proposal aims to prevent the dominance of third-party staking platforms and increase the value of ETH, but critics argue that it is being rushed without sufficient community feedback.
Pepe's price is at a critical support level, but investor confidence and a shift in token ownership indicate a positive outlook for potential recovery and new all-time highs. However, a break of support could lead to a corrective phase.
MicroStrategy Stock Soars 150% on Massive Bitcoin Bet, Analyst Sees 10% More Upside Ahead of Halving
MicroStrategy's stock surge, driven by its bet on Bitcoin, has the potential to climb even higher as the cryptocurrency continues to rise, according to BTIG analysts.
FTX, a bankrupt crypto exchange, has sold two-thirds of its $2.6 billion in Solana tokens at a discounted price, raising $1.9 billion for the estate, with buyers including Galaxy Trading and Pantera Capital.
Bitcoin Cash (BCH) and Internet Computer (ICP) are the only members of the CoinDesk 20 Index to see positive returns, while other cryptocurrencies, including aptos (APT) and dogecoin (DOGE), experienced significant losses this week.
Several major U.S. banks, including Citadel, Goldman Sachs, UBS, and Citigroup, have been added as authorized participants to BlackRock's Bitcoin ETF, indicating increasing interest and acceptance of cryptocurrency in the traditional financial industry.
Solana (SOL) and its associated tokens, including Wormhole (W), JUP, and Dogwifhat (WIF), have experienced significant losses due to congestion issues on the Solana network, while Bitcoin's decline has also contributed to market downturns.
Asset manager BlackRock has added Goldman Sachs, Citigroup, UBS, Citadel Securities, and ABN AMRO as authorized participants for its iShares Bitcoin Trust, bringing the total number of APs to nine, as the fund garners billions of dollars in investment.
The decline in Bitcoin prices has triggered a sell-off in the cryptocurrency market, with Ethereum plummeting at a rate almost double that of Bitcoin, potentially indicating a decrease in overall interest in crypto.
BTIG has raised its price target for MicroStrategy to $1,800, citing the company's exposure to bitcoin and potential benefits from upcoming catalysts such as the halving event, while also noting the stock's track record of creating value for shareholders.
KuCoin warns users about phishing scams mimicking its branding and urges them to stay vigilant and not click on suspicious links or files, emphasizing that they will not be closing down despite recent legal issues.
Sam Bankman-Fried, the disgraced former crypto executive, has been sentenced to 25 years in prison for financial fraud, and his former associates, Caroline Ellison, Gary Wang, and Nishad Singh, have pleaded guilty to fraud charges and are banned from engaging in similar activities.
Bitcoin's current cycle top may reach $100,000, according to a top analyst who accurately predicted its price floor for 2022. The analyst suggests that a correction to $50,000 could occur before reaching new all-time highs.
Coinbase predicts that investor perception of Bitcoin as digital gold could lead to new demand for the cryptocurrency, and the launch of spot Bitcoin ETFs could result in less volatility and a positive outlook for crypto markets in the second quarter.
Bitcoin's alleged founder Satoshi Nakamoto, who remains a mystery, is celebrated on the symbolic occasion of his birthday, despite a 2.5% drop in Bitcoin's price, as the cryptocurrency continues to assert its dominance with a market capitalization of $1.32 trillion.
Bitcoin advocates believe that implementing covenants, which allow for specific restrictions on spending future UTXOs, is the most crucial update needed for scaling Bitcoin and achieving greater functionality on Layer 2 solutions.
The BRICS alliance aims to challenge the US dollar's dominance and replace it with local currencies, potentially leading to hyperinflation in the US and affecting multiple sectors; BRICS is considered a superpower in the energy sector, with vast reserves and renewable energy capabilities surpassing the G7 countries.
The US jobs market remains strong as 303,000 jobs were added last month, surpassing economist forecasts, and the unemployment rate dipped to 3.8%.
A substantial transfer of 3,794 BTC from Binance to an unknown wallet raises questions about the intent behind the move and its implications for the market, with speculations ranging from strategic accumulation to market manipulation.
Several civil lawsuits, including ones involving prominent sports figures such as Tom Brady, Cristiano Ronaldo, and Mark Cuban, are ongoing as plaintiffs argue that these individuals are responsible for investor losses in cryptocurrency due to their promotion of crypto assets that were "unregistered securities" without adequate disclosure of compensation received for endorsing the companies. The outcome of these lawsuits could result in defendants being liable for millions or even billions of dollars in damages.
Meme coins, including Dogwifhat (WIF), Dogecoin (DOGE), Floki Inu (FLOKI), and BONK, have experienced a decline in value as the broader crypto market remains flat, with WIF dropping 15.9% and 10.4% on the day and week, respectively.
The ether-bitcoin ratio is on the verge of entering a death cross pattern, signaling potential risk aversion and reduced demand for alternative cryptocurrencies.
Authorities in New York City have shut down an online fraud operation that scammed victims out of millions in cryptocurrency investments through "pig butchering" schemes, prompting officials to urge the public to be cautious of too-good-to-be-true crypto investments and unverified crypto websites.
Analyst Altcoin Sherpa is bullish on Solana (SOL), suggesting potential for the price to rise significantly, while warning that gaming token Beam (BEAM) could see a 17% decrease if a support level breaks, and offering mixed opinions on synthetic dollar protocol Ethena (ENA).
On April 5, the expiration of 18,000 Bitcoin and 270,000 Ethereum options could potentially increase market volatility and influence the prices of the two largest cryptocurrencies, which have seen bearish trends in the options market recently.