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Bitcoin Is Currently out of the ‘Danger Zone,’ According to Crypto Analyst – But There’s a Catch

Bitcoin Is Currently out of the ‘Danger Zone,’ According to Crypto Analyst – But There’s a Catch

A closely followed crypto analyst says that Bitcoin (BTC) is no longer in the “danger zone,” when there is a likelihood of a dip below its range low. Pseudonymous trader Rekt Capital tells his 472,200 followers on the social media platform X that while the “danger zone” has passed, Bitcoin could still dip about 13% […]

The post Bitcoin Is Currently out of the ‘Danger Zone,’ According to Crypto Analyst – But There’s a Catch appeared first on The Daily Hodl.

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‘I Feel Super Confident About That’: Jack Mallers Says Bitcoin To Explode by up to 1,357% – Here’s the Timeline

‘I Feel Super Confident About That’: Jack Mallers Says Bitcoin To Explode by up to 1,357% – Here’s the Timeline

The CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, is predicting that the flagship crypto asset could hit a seven-figure price. Mallers says in a new interview with Anthony Pompliano that Bitcoin could soar between 260% and 1,357% in the coming months. “I think we’re still so early in the Bitcoin story. […]

The post ‘I Feel Super Confident About That’: Jack Mallers Says Bitcoin To Explode by up to 1,357% – Here’s the Timeline appeared first on The Daily Hodl.

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Spot Bitcoin ETFs Rake In Nine Consecutive Days of Inflows Totaling Over $1,750,000,000

Spot Bitcoin ETFs Rake In Nine Consecutive Days of Inflows Totaling Over ,750,000,000

New data reveals that spot market Bitcoin (BTC) exchange-traded funds (ETFs) have brought in nine straight days of inflows totaling one billion dollars. According to data from London-based investment firm Farside Investors, BTC ETFs have seen positive inflows every day since May 14th, totaling more than $1.75 billion. May 15th and May 21st marked the […]

The post Spot Bitcoin ETFs Rake In Nine Consecutive Days of Inflows Totaling Over $1,750,000,000 appeared first on The Daily Hodl.

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Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity

Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound ActivityBitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin (BTC) reaching a peak of $71,958 before retreating to […]

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Onchain Fees for Bitcoin Drop to Six-Month Low

Onchain Fees for Bitcoin Drop to Six-Month LowBitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now […]

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Top Ethereum Challenger Could Skyrocket by Over 2x, According to Crypto Analyst Michaël van de Poppe

Top Ethereum Challenger Could Skyrocket by Over 2x, According to Crypto Analyst Michaël van de Poppe

A widely followed crypto analyst believes one Ethereum (ETH) competitor could more than double in price. Crypto trader Michaël van de Poppe tells his 718,900 followers on the social media platform X that interoperability blockchain Polkadot (DOT) is poised to rally due to major network advances. He also says DOT is likely to see a […]

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Wells Fargo Accused of Draining Customers’ Accounts Without Notice or Authorization in ‘Blatant Disregard’ of Consumer Loan Protections: Class-Action Lawsuit

Wells Fargo Accused of Draining Customers’ Accounts Without Notice or Authorization in ‘Blatant Disregard’ of Consumer Loan Protections: Class-Action Lawsuit

A Wells Fargo customer in California just filed a proposed class-action lawsuit accusing the bank of draining customers’ accounts in blatant violation of consumer protection laws. The plaintiff, piano teacher Helen Palma, alleges Wells Fargo unlawfully seized funds from her bank account after she fell behind on credit card payments, reports ClassAction.org. According to the filing, […]

The post Wells Fargo Accused of Draining Customers’ Accounts Without Notice or Authorization in ‘Blatant Disregard’ of Consumer Loan Protections: Class-Action Lawsuit appeared first on The Daily Hodl.

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Traders say Bitcoin price correction a ‘fake out’ before the next leg up

Bitcoin price reversed course with a surprise 5% correction over the past few days, but analysts say it is a healthy pullback.

Bitcoin (BTC) price is down by 2.5% today, surprising traders who were certain that new all-time highs were in the cards after the cryptocurrency’s early week rally to $72,000. 

Data from Cointelegraph Markets Pro and TradingView showed that leveraged long traders were caught off guard as BTC price suddenly dropped from a high of $71,980 on May 21 to an intra-day low of $67,550 on May 23.

“Bitcoin is still following a similar path to 2016-2017,” said independent analyst Jelle, reacting to what has become a familiar pattern for BTC in previous cycles.

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Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% […]

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‘Quite Likely’ Bitcoin Explodes to Six Figures This Cycle, Predicts Analyst Kevin Svenson – Here’s His Outlook

‘Quite Likely’ Bitcoin Explodes to Six Figures This Cycle, Predicts Analyst Kevin Svenson – Here’s His Outlook

Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid a double-digit rise in the flagship crypto asset’s price over the past seven days. Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend that started in the fourth quarter of 2023 and could rally to a target of […]

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