Author: cointechies
Pomp Investments founder Anthony Pompliano remains long-term bullish on Bitcoin (BTC) despite the flagship crypto asset falling below the psychological price level of $100,000. Pompliano says in a FOX 5 interview that “2025 will continue to be a great year for Bitcoin.” According to the investor, two factors are likely to drive up the price of Bitcoin. “First, there will continue to be money printing both in the United States and around the world. And second, you have a Federal Reserve that lowers interest rates. And as the M2 money supply grows and interest rates fall, cheap capital comes into…
On December 10, 2024, the cryptocurrency market experienced one of its sharpest declines in recent months, with nearly $2 billion liquidated on major exchanges in a single day. The broader market recorded losses of between 7% and 15%, leaving many investors facing significant financial setbacks. Amid this turmoil, ALAI Network emerged as a beacon of stability, demonstrating its ability to generate consistent returns even during market downturns. A day full of massive losses The market crash was triggered by a series of cascading events: Massive liquidations: Over $2 billion in positions were wiped out, adding to market pressure. Investor panic:…
More than $100 trillion will be passed on to heirs over the next few decades as the pace of major wealth transfers accelerates, according to a new report. Research firm Cerulli Associates says $105 trillion will be passed on to heirs by 2048, while charities will receive $18 trillion over the same period. Baby boomers, the silent generation and other older generations will be the biggest benefactors. “Nearly $100 trillion is remitted by baby boomers and older generations, accounting for 81% of all remittances. More than 50% of the total transfer volume ($62 trillion) is expected to come from individuals…
XRP came under significant selling pressure, threatening a decline below $2, but analyst Steph has cited a possible recovery that could see the price nearly quintuple. In a tweet on Historically, this technical buildup preceded significant price movements. The most recent example is the explosive 490 percent rally observed a few weeks ago. The technical structure The popular Bollinger Bands indicator measures market volatility and provides key support and resistance levels. A “squeeze” occurs when bands shrink, indicating reduced volatility and often heralding a larger price move. For XRP, the latest tightening of this indicator triggered a parabolic surge on…
HodlX guest post Submit your contribution In 2024, DEXs (decentralized exchanges) have grabbed a larger share of the crypto trading pie, showing that the future of finance is clearly moving towards decentralization. And Trump’s recent victory has only strengthened this trend, as the price of Bitcoin has risen to almost $91,000. As monthly DEX trading volumes rose above $250 billion in March and June 2024 for the first time since 2021, it is clear that traders are increasingly opting for the benefits of autonomy and transparency that these platforms offer. Over the past 12 months, several DEX platforms have refined…
Metaplanet, a popular Japanese company dedicated to accumulating Bitcoin, has completed its latest move to raise capital for further acquisitions. In one release On December 20, Metaplanet announced that it had used a debt instrument to purchase more Bitcoin. It announced that it has raised 5 billion yen ($32 million) through a bond offering to expand its holdings of the flagship cryptocurrency. According to the announcement, the latest offering is the fifth ordinary bond offering. The Japanese company said it had offered the financial instrument EVO FUNDS, which expressed interest after announcing that it intends to raise an additional 5…
Macro investor and fund manager Dan Tapiero says it is feasible for Bitcoin (BTC) to reach $200,000 in 2025. In a new thread, Tapiero shares with his 123,500 followers on the social media platform According to Tapiero, the Federal Reserve is too focused on inflation and interest rates in the US are still too high. “Danger in China. Do people understand? The second largest economy in [the] The world is now losing its breath. The Fed’s inflation worries are wrong. Interest rates [are] still too high [the] US fiscal policy will now tighten, the USD will become stronger. Liquidity comes…
Crypto companies including Ripple are donating millions to fund US President-elect Donald Trump’s inauguration celebrations. According to a report by FOX Business, Ripple has pledged to donate $5 million worth of XRP to the Trump-Vance inaugural committee. This organization is responsible for financing the three-day inauguration ceremony of Trump and his running mate JD Vance following their victory in the presidential election last month. Specifically, the activities, including dinners, parades and galas, will take place before and after Trump’s inauguration on January 20, 2025. FOX Business claimed that the company had confirmed its contribution to the fund. Donations from other…
Crypto assets worth hundreds of millions of dollars are being distributed to hacking victims of the defunct crypto exchange Cryptopia. According to a new press release from accounting firm Grant Thornton, investors who had accounts with Cryptopia – a New Zealand crypto company that collapsed in May 2019 – will collectively receive $225 million worth of digital assets. “Cryptopia liquidators are pleased to announce a significant milestone in the ongoing liquidation process. In the last two days, more than 10,000 verified Bitcoin and Dogecoin account holders have received their first cryptocurrency payouts. Over the last 48 hours, over $400 million…
Bitcoin exchange-traded funds (ETFs) in the US showed different trends this week. They initially started the week with record inflows before later experiencing massive outflows. According to data compiled by Bitcoin Magazine, US spot Bitcoin ETFs collectively purchased 4,349.7 BTC worth $423.6 million as the price of Bitcoin fell. During the same period, Bitcoin mining produced 2,250 BTC, meaning there is very strong demand for Bitcoin. Spot Bitcoin ETFs saw $423 million in inflows this week | Source: X Bitcoin price rose earlier in the week to peak above $108,000 on December 17 as investors felt good and awaited a…