After the fourth Bitcoin Halving, Rekt Capital, a well-known cryptocurrency trader and expert, has shared an intriguing perspective on the potential future of Bitcoin. According to Rekt Capital’s analysis, there is a strong possibility that Bitcoin could reach its peak in this bull cycle within the next year. Drawing on past Halving cycle trends, the
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The recent movement in Bitcoin’s price after the halving event has left many investors uncertain. Despite a brief surge, the crypto failed to maintain a price above $65,000. As of now, Bitcoin is trading at $62,105, showing a 2.96% decrease in the past 24 hours and a 6.14% decrease over the last seven days. A
The recent market volatility has had a noticeable impact on meme coins, with some experiencing heavier losses than others. Solana’s second biggest meme coin, Bonk (BONK), saw an 8% decline overnight, which was more significant compared to Bitcoin’s 2.3% drop and Ethereum’s 4.3% dip. This trend highlights the susceptibility of meme coins to market fluctuations,
ELONWIF, a token that combines Elon Musk virality with the popularity of Solana meme coins, has recently seen exponential growth in its price. The token is currently trading at $0.061, representing a 24-hour change of +27,893%. This surge in price came after a sudden influx of over $345k in trading volume, propelling ELONWIF to new
Ethereum price recently experienced a rally above the $3,300 level, reaching as high as $3,350 before starting a sharp decline below $3,300. This movement indicates a struggle between bulls and bears in the market, with the price currently trading below $3,220 and the 100-hourly Simple Moving Average. A key bullish trend line with support at
Cardano (ADA) has been facing resistance below the $0.500 zone, indicating a potential bearish momentum ahead. The price of ADA is currently below both $0.500 and the 100 simple moving average (4 hours). A bearish trend line has been identified with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. Recent Market Trends
The recent SEC action against Uniswap has placed significant scrutiny on the decentralized finance (DeFi) sector. The Wells notice received by Uniswap, alleging violations of federal securities laws, raises concerns about the regulatory future of DeFi. The SEC’s claim that certain tokens traded on Uniswap constitute investment contracts and securities has sparked a debate about
The latest on-chain revelation suggests that the Bitcoin network has been experiencing a steady decline in high-value transactions over the last few weeks. This slowdown in network activity has been reflected in the price of Bitcoin, which has been struggling to break out of consolidation in the month of April. Despite multiple attempts to push
The current market situation for XRP has led to bullish predictions for its price, with experts like EGRAG making positive forecasts. Despite the struggle to push the crypto on a price surge, EGRAG believes that a tremendous price spike is on the horizon, with the potential for XRP to reach $4 in the long term.
Peter Brandt, a crypto expert, recently made a bold claim that the Bitcoin top for this market cycle may have already occurred. He based this conclusion on his “exponential decay” thesis, which he believes could actually be beneficial for the Bitcoin ecosystem. Brandt pointed out that historical data suggests that Bitcoin’s price has peaked, as