Prominent stockbroker and gold investor Peter Schiff, a known critic of Bitcoin, admitted that he would have invested in the cryptocurrency for potential profit despite his skepticism and likened it to a gamble rather than a brilliant decision.
Cryptocurrency companies and their executives funded a super PAC called Fairshake to run political ads against Rep. Katie Porter in the California Senate primary, contributing to her loss and signaling the cryptocurrency industry's involvement in the 2024 election cycle to support candidates who favor more favorable crypto regulations.
Smithii Tools is a no-code platform that allows individuals and businesses to easily create Solana tokens (SPL Tokens) and liquidity pools without the need for extensive coding skills, reducing the barriers to entry for token creation and saving money.
Tesla CEO Elon Musk has hinted at the possibility of buying Tesla cars with dogecoin, stating that "dogecoin to the moon," despite previously expressing his support for bitcoin as the "true currency." Musk's comments have caused a nearly 10% increase in the price of dogecoin.
Robinhood's stock rose over 11% in premarket trading after reporting a significant increase in user activity in February, with crypto trading volumes growing 10% to $6.5 billion.
Bluntz, a popular analyst, predicts that Solana (SOL) will continue to rise in value and believes that the Solana-based memecoin WIF could reach a price of $2.80, while also expecting the Solana-based memecoin MYRO to experience significant growth.
Bitcoin's recent price surge has formed a bearish rising wedge pattern, indicating the potential for a pullback, although the analyst believes it will be short-lived due to positive factors like ETF inflows and continued buying by MicroStrategy's CEO.
Bitcoin could reach a price of $1 million in the near future due to market conditions, according to Samson Mow, the CEO of JAN3, a Bitcoin-focused tech firm.
Tesla's CEO, Elon Musk, announced at a press conference that Dogecoin will be accepted as an official payment method to buy Tesla vehicles in the near future, emphasizing his support for the cryptocurrency as the "people's crypto."
Major cryptocurrencies traded mixed on Wednesday evening as Ethereum concluded the 'Duncun' upgrade, which aims to stimulate expansion on layer-2 networks by lowering their data fees.
Reactor Motors, the Ethereum NFT collection, will be turned into a movie directed by Pierre Morel and tell the story of a scientist who discovers clean energy race cars, aiming to resuscitate the NFT marketplace and bring new intellectual properties to the screen.
The market cap of Bitcoin has exceeded one trillion dollars, highlighting its expanding influence in the financial world, and smaller funds like Fidelity and Templeton are expected to follow the same path as Blackrock. Additionally, Ethereum's rising activity on its blockchain suggests it may chart its own trajectory and surpass a trillion-dollar market cap, potentially leading to a departure from the traditional theory of capital migration in the crypto market. The surge in Ethereum's growth is expected to elevate DeFi to new levels of validation and trust.
Coinbase Global has announced the pricing of $1.1 billion worth of Convertible Senior Notes due 2030 in a private offering, with the proceeds intended for various purposes including the repayment of outstanding notes and general corporate purposes.
XRP is expected to outperform Bitcoin, Ethereum, and the broader crypto market as it displays a bullish reversal signal, potentially leading to a significant price increase, according to a prominent crypto strategist.
Central banks may have been secretly buying Bitcoin as a reserve asset, and a sovereign state is expected to announce this year that they have already added Bitcoin to their balance sheet, according to Gary Cadone, CEO and founder of Cardone Digital Ventures. Additionally, El Salvador's Bitcoin treasury has seen significant gains, reaching $85 million in unrealized profit.
Whales holding Chainlink (LINK) have been consistently selling their supply, indicating a potential price decline and bearish trend for the altcoin, despite it recently reaching a 25-month high.
The demand for AMD Ryzen CPUs, particularly the Ryzen 9 7950X, has surged due to crypto miners buying them in bulk for mining rigs, resulting in shortages and out-of-stock situations on various retail platforms. This trend is expected to worsen with the release of Zen 5 CPUs, which are rumored to offer twice the AVX512 performance of Zen 4.
U.S. President Joe Biden has proposed various crypto-related taxes and regulations, including an excise tax on Bitcoin mining, which could generate nearly $10 billion next year and over $42 billion over the next decade, as outlined in his proposed 2025 budget. Critics argue that the proposed 30% tax on digital asset mining would severely harm the mining industry in the U.S. and hinder its presence. Additionally, the budget includes other measures such as wash sale rules, reporting requirements for financial institutions and brokers, and new foreign crypto account reporting rules.
Bitcoin ETFs played a role in the 2024 surge of Bitcoin's value, with the iShares Bitcoin Trust winning a recent poll as investors continue to show interest in the cryptocurrency sector.
Bitcoin's rally may be losing momentum, as indicated by a negative divergence between its price and the RSI momentum indicator, leading analysts to predict a possible 20% drop in the near term before the uptrend continues.
Sizable amounts of gaming tokens tied to crypto games or platforms are set to be unlocked in the coming weeks, potentially impacting their prices and the market.
Roman Sterlingov, operator of Bitcoin Fog, the longest-running bitcoin money laundering service on the darknet, plans to appeal his conviction and denounces the Department of Justice's crypto-tracing techniques.
MicroStrategy plans to offer $500 million in convertible notes to fund the acquisition of more Bitcoin and for general corporate purposes.
Bitcoin could potentially reach a price target of $81,000 before undergoing a correction, according to crypto analyst Jason Pizzino, who bases his prediction on the previous cycle's price movement.
Bitcoin (BTC) is expected to undergo a significant correction after a prolonged upward move, potentially dropping to the $58,000 level before continuing on a longer-term bull market, according to analysts at Glassnode. However, not all analysts agree, with economist Alex Krüger predicting a potential rally to $85,000 before a 35% devaluation.
The meme coin dogwifhat (WIF) has raised over $690,000 in donations to display its mascot at Las Vegas' Sphere, raising concerns from some observers that this vanity action may signify the market nearing its top.
Solana's meme coin, Dogwifhat, has raised nearly $700,000 to display its mascot on the largest screen in the world, with the campaign reaching its fundraising goal of $650,000 and receiving over $690,000 in donations in USDC stablecoin, boosting Dogwifhat's value by 18% and making it the fourth-largest meme coin.
The fourth Bitcoin halving is expected in April, leading to a decrease in miners' rewards and making Bitcoin and Ethereum attractive to investors, while Solana remains focused on utility, making it a potential option for investment.
JPMorgan Chase CEO Jamie Dimon advises caution against hasty rate cuts amid a potential financial bubble, and expresses a more tolerant stance towards Bitcoin despite his previous call for the government to ban it.
Block has released its self-custodial Bitcoin wallet, Bitkey, which allows users to store and control their private keys, and integrates with Coinbase and Cash App for purchasing Bitcoin directly. The wallet is designed to provide peace of mind for users who want to have full control of their funds, and tools are available to recover funds in case of loss. Priced at $150, Bitkey can be purchased using fiat currency through traditional credit or debit cards.
Coinbase removes a webpage promoting the purchase of a derogatory token referencing US Senator Elizabeth Warren, stating it was an automatically generated page, as meme coin traders flock to the cryptocurrency criticizing Warren.
Spot bitcoin ETFs could potentially see inflows of $220 billion over the next three years, according to analysts at JMP Securities, which could result in a quadrupling of BTC's price to $280,000. The analysts also raised their price target for crypto exchange Coinbase and predicted significant growth in ETF flows.
Bitcoin spot ETFs received over $1 billion in inflows in one day, led by BlackRock's iShares Bitcoin Trust (IBIT), with IBIT alone receiving $850 million, reflecting significant demand for digital asset investments.
Craig Wright's legal team challenges the Crypto Open Patent Alliance's fraud allegations and argues that the evidence presented does not prove he is not Satoshi Nakamoto, the creator of Bitcoin.
Diversification is crucial in the crypto space, as owning a single asset like Bitcoin or Ethereum may not outperform a portfolio of diversified assets on a risk-adjusted basis, according to a post by AQR co-founder and CIO Cliff Asness.
The Ethereum blockchain completed its Dencun upgrade, which aims to reduce gas fees and improve scalability, by implementing a new Ethereum Improvement Proposal (EIP) called "proto-danksharding," or EIP-4844, allowing for more efficient handling of data from secondary networks. The upgrade is expected to have a significant positive impact on the price of Ether (ETH) and the development potential of the Ethereum network.
TRON (TRX) has seen increased attention from traders, with the 7-Day Relative Strength Index (RSI) remaining in the overbought zone, indicating potential volatility, while short-term holders are gaining a larger stake in the circulating supply, suggesting an upcoming increase in price volatility. However, the long-term Exponential Moving Average (EMA) line crossing the short-term EMA line and the price line indicates a bearish signal, possibly leading to further downward pressure on prices.
Solana's price is approaching the golden ratio resistance at $170, and breaking through this level could lead to a new bullish cycle and a retest of its all-time high. However, there are bearish signals in the daily chart, and if rejected at $170, Solana may find support at lower levels. Against Bitcoin, Solana has strong Fibonacci support at 0.00198 BTC and could target the golden ratio at 0.003 BTC if it bounces from this level.
The correlation between Tesla's stock price and the price of Bitcoin has weakened since September 2023, with Tesla shares declining while Bitcoin reaches all-time highs, and this divergence is attributed to Tesla's disappointing financial results and the shift in investor sentiment towards the AI sector. Morgan Stanley analyst Adam Jonas expects Tesla's earnings to bottom out before potential improvements in the future, and he remains bullish on the stock despite the majority of Street analysts taking a more cautious stance.
El Salvador eliminates income tax on money coming into the country from abroad, as it aims to attract foreign investment and position itself as an attractive destination for bitcoin enthusiasts.
Algorand investors are disappointed as the cryptocurrency's price remains far below its all-time high, but lack of profits may actually benefit the altcoin's rally.
South Africa's financial regulator plans to award licenses to 60 cryptocurrency companies by the end of the month, as part of its efforts to regulate the sector under the Financial Advisory and Intermediary Services Act.
Bitcoin has experienced a surge in inflows and Coinbase is positioned as an "on-ramp" into the asset class, playing a crucial role in the evolution and growth of the cryptocurrency industry.
Swell has partnered with AltLayer and EigenLayer to launch a layer-2 restaking rollup on Ethereum, offering decentralized sequencing, verification, and faster finality with $1 billion in total value locked (TVL) using Polygon's chain development kit (CDK).
Block, Jack Dorsey's fintech company, has begun shipping its new self-custody bitcoin wallet, Bitkey, which allows users to buy and sell BTC within its app and recover funds using the "Trusted Contacts" tool.
Bitcoin's bull run is just beginning, with price models suggesting its upper bound could reach $337,000, according to on-chain analyst Willy Woo, who also highlights the significant influx of new capital into the network.
Elon Musk criticizes the US dollar, echoing concerns expressed by the BRICS nations about overspending, uncontrolled debt, and the potential for America to go bankrupt, while also suggesting that the US dollar is comparable to a meme coin in the cryptocurrency market.
President Joe Biden's budget proposal for fiscal 2025 includes new crypto taxes and regulations, such as an excise tax on mining cryptocurrencies and a proposed rule to curb wash trading, aiming to generate billions in revenue over the next decade.
Worldcoin (WLD) could see a period of stability in its pricing as investors analyze the market's future trajectory, with a strong support base helping to mitigate sharp declines in value, but the slowing growth in the number of holders may indicate a potential period of price stagnation; meanwhile, the high percentage of profitable WLD holders could result in selling pressure if they decide to offload their assets, impacting the cryptocurrency's market price.
The IRS is asking taxpayers a yes or no question about crypto transactions on various tax return forms, emphasizing the importance of accurate reporting and disclosure of digital asset income and gains.
