Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. He remains optimistic about the future of the pioneer cryptocurrency, despite recent bearish trends. Lee believes that Bitcoin’s bullish outlook will prevail in the coming years, leading to new all-time highs by 2024. Reasons for
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Aayush Jindal, a prominent figure in the financial markets, boasts an impressive track record of over 15 years in Forex and cryptocurrency trading. His journey towards becoming a renowned expert in the industry began at a young age, where he demonstrated a natural talent for deciphering complicated systems and identifying patterns within them. This innate
Aayush Jindal, a prominent figure in the financial markets, has honed his expertise over 15 years in Forex and cryptocurrency trading. From a young age, Aayush displayed a natural aptitude for unraveling complex systems and patterns. This initial curiosity led him on a path to becoming a trusted advisor and senior market expert, guiding investors
Bitcoin’s price recently faced a hurdle while trying to surpass the $63,650 resistance zone, leading to a correction in its value. The cryptocurrency is currently retracing its gains and eyeing a potential revisit to the $60,850 support level. This downward correction comes after a failed attempt at breaking above key resistance levels. The price of
Galaxy Digital CEO Mike Novogratz has expressed optimism regarding the future regulatory environment for cryptocurrencies in the United States. According to Novogratz, regardless of the outcome of the 2024 presidential election, positive crypto legislation is inevitable. He emphasized the importance of bipartisan support for the crypto sector, noting that most politicians in the US are
Recent on-chain data indicates that the selling pressure from Bitcoin miners has slowed down significantly in the past few weeks. This decline in selling pressure could potentially have a positive impact on Bitcoin’s price as we enter the third quarter of the year. According to Crypto Dan, a crypto analyst who referenced data from the
The Monetary Authority of Singapore (MAS) recently made significant updates to its Counter-Terrorism regulations, particularly concerning Digital Payment Token (DPT) service providers. In response to the country’s Terrorism Financing National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism, MAS raised the risk level of DPTs from medium-low to medium-high. This adjustment
Recently, Binance.US, the American branch of the global cryptocurrency exchange Binance, faced a setback in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to dismiss the SEC’s allegations, the US District Court ruled in favor of the SEC, allowing the case to move forward. This decision came after the Court
The current approach of the US Securities and Exchange Commission (SEC) towards crypto disclosure filings has been deemed as problematic by both billionaire investor Mark Cuban and SEC Commissioner Mark Uyeda. Form S-1, the registration statement required by domestic issuers to offer new securities publicly, poses significant challenges for token-based companies. These companies often have
In his recent essay titled “Zoom Out,” Arthur Hayes, co-founder of crypto exchange BitMEX, delves into a comprehensive analysis that draws intriguing parallels between economic upheavals of the 1930s to 1970s and today’s financial landscape. Hayes focuses specifically on the implications for the Bitcoin and crypto bull run. He begins his analysis by exploring major