The Bitcoin price has not reached the $20,000 level for almost two years, leading some to believe that it may never return to that range. However, an analyst known as “Without Worries” has a different perspective. According to their analysis on TradingView, the possibility of Bitcoin crashing back to $20,000 is not a question of
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The latest data on Ethereum’s Layer 2 ecosystem reveals an unprecedented surge in daily transaction volume. According to recent statistics compiled by Growthepie, the daily transactions across Layer 2 networks reached a staggering 12.42 million on August 12, marking a new all-time high. This exponential growth in transaction volume underscores the rapid advancements in scalability
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Amidst the current market downturn, there is a noticeable shift towards HODLing and accumulation among investors in the digital asset market. Glassnode’s recent analysis sheds light on this trend, indicating a growing inclination towards holding onto assets rather than selling in response to volatile market conditions. Following Bitcoin’s all-time high in March, there was a
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Bitcoin’s price has been on a wild ride recently, with a massive increase of nearly $13,000 in just a few days. However, this upward momentum was short-lived as bears quickly took control, causing the price to drop back down to under $58,000. The cryptocurrency market has been experiencing significant volatility, making it difficult to predict
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Samuel Edyme, also known as HIM-buktu, has a multifaceted background as a web3 content writer, journalist, and aspiring trader. His entrance into the crypto world was far from conventional, starting with a Ponzi scheme that lured him in. However, instead of being deterred by this experience, he emerged with a newfound wisdom and determination. This
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Crypto analyst Javon Marks has made some bold predictions regarding the price of Ethereum (ETH), suggesting that the cryptocurrency could see a significant 75% breakout and rise to $4,723. Marks points to bull divergences holding within a massive climb since breaking out, indicating that this parabolic rally is indeed possible. He even goes as far
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Coinbase’s recent comment letter to the US Securities and Exchange Commission (SEC) highlighted several significant flaws in the agency’s cost-benefit analysis of the proposed rule. The letter, penned by Coinbase’s chief legal officer, Paul Grewal, argued that the SEC had failed to adequately assess the rule’s economic impact on efficiency, competition, and capital formation. One
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Cryptocurrency analyst, Peter Brandt, recently brought attention to an inverted or expanding triangle pattern in Bitcoin (BTC), using classical charting principles to analyze its potential impact on the price trajectory. While his analysis provides valuable insights, it’s important to critically examine the implications of this pattern on Bitcoin’s future movements. The Pattern Formation Brandt’s analysis
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