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Bitcoin Flash Crash to $90k Wipes Out Over $1 Billion in Leveraged Positions Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices? WallitIQ (WLTQ) Dazzles Crypto Industry With $1.5 Million Raise In Days As Bernstein Analysts Identify 50,000x ROI Potential GRVT becomes world’s first regulated DEX after licensing in Bermuda Financial Times: A Half-Baked Apology to the Bitcoin Community After 14 Years of Criticism ‘China’s MicroStrategy’ Exits Bitcoin, Cashes Out Before $100K Milestone Memecoin Sector Captures 11% of Market, Reaching $127B Market Cap Czech Republic abolishes capital gains tax on Bitcoin held at least three years Dogecoin (DOGE) Price Jumps 128% in a Month Amid 11-Year Celebration Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win

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Bitcoin Flash Crash to $90k Wipes Out Over $1 Billion in Leveraged Positions

Bitcoin surged to US$103,900, fell to US$90,400 overnight, and then recovered to US$97,898. In the last 24 hours, total liquidations reached US$1.04 billion, with US$578.6 million from Bitcoin alone. Market volatility is high, evidenced by a drop in the Fear and Greed Index from 84 to 72. Analysts see potential for broader Bitcoin adoption, influenced by market dynamics and regulatory developments. Following yesterday’s surge to US$103,900 (AU$161,727), Bitcoin took a breather, falling as low as US$90,400 (AU$140,707) in overnight trading. Bulls have since stepped in and bought the dip, causing the price to climb back to US$97,898 (AU$152,287) at the...

06.12.2024

Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices?

You are here: Home / News / Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices? Bitcoin’s exchange outflows suggest fewer coins available, signaling a bullish market as demand stays strong. Whale activity since October reduces selling pressure, tightening supply and boosting Bitcoin’s price potential. Bitcoin’s price surge is supported by reduced exchange supply, creating a bullish outlook for long-term investors. The analytical platform Crypto Quant explained some fundamental aspects about the behavior of the Bitcoin market, with a special focus on exchange netflows. These netflows, that are derived from the balance of Bitcoin flowing into or out of...

06.12.2024

WallitIQ (WLTQ) Dazzles Crypto Industry With $1.5 Million Raise In Days As Bernstein Analysts Identify 50,000x ROI Potential

You are here: Home / News / WallitIQ (WLTQ) Dazzles Crypto Industry With $1.5 Million Raise In Days As Bernstein Analysts Identify 50,000x ROI Potential The trending WallitIQ (WLTQ) project has been a revelation since emerging in the crypto industry. The AI-driven altcoin has exceeded the crypto community’s expectations with its scintillating performance. In only a few days, WallitIQ (WLTQ) raised a whopping $1.5 million in its presale and is still fast recording an influx of crypto whales and retail investors. Bernstein analysts have further identified a 50,000x ROI potential for early investors, which has led to the massive demand...

06.12.2024

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Bitcoin Flash Crash to $90k Wipes Out Over $1 Billion in Leveraged Positions

Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices?

WallitIQ (WLTQ) Dazzles Crypto Industry With $1.5 Million Raise In Days As Bernstein Analysts Identify 50,000x ROI Potential

GRVT becomes world’s first regulated DEX after licensing in Bermuda

2024 was a landmark year for the cryptocurrency market. It was a year when the market matured, barriers to the institutional investing world came down, and international regulations started to pave the way for digital currencies to enter the mainstream global financial system. With a President-elect keen on making the US a global crypto hub, the market experienced significant growth. As crypto adoption rose, more users turned to crypto platforms and ETFs to invest. 2024 was a transformative experience for the crypto market and the blockchain technology that powers it. The general public, buoyed by positive sentiment and rising crypto...

Financial Times: A Half-Baked Apology to the Bitcoin Community After 14 Years of Criticism

This publication investigates the mixed reactions from the Bitcoin community in response to Financial Times’ so-called “half-baked” apology after 14 years of relentless criticism of cryptocurrencies (Financial Times: arguably the world’s most respected financial newspaper). In a shocking about-face, FT—via its Alphaville column—admitted that it may have influenced the investment decisions of its readers but stopped short of changing its previous stance. The article looks at both positive and negative angles of this issue while providing an overall insight into the complicated relationship between the mainstream media and the cryptocurrency market. The apology was an instant talking point on social...

‘China’s MicroStrategy’ Exits Bitcoin, Cashes Out Before $100K Milestone

Meitu sold all its Bitcoin and Ethereum just before Bitcoin hit a record US$100k, realising a significant profit from the sale. The company plans to use 80% of the net proceeds for a Special Dividend and the remainder to boost its core imaging and design business. The profit from the cryptocurrency sale allows Meitu to focus more on its growing photo, video, and design products business. With Meitu’s exit from the crypto scene, Japanese firm Metaplanet and others in Asia remain as significant Bitcoin holders. Japanese company Metaplant has just become the ‘MicroStrategy of Asia’ after China’s version of the...

Memecoin Sector Captures 11% of Market, Reaching $127B Market Cap

Memecoins captured an 11% share of the crypto market in 2024, valued at US$127.6 billion, amid broader sector growth. The influence of Memecoins is unusually strong early in the bull cycle, persisting even as Bitcoin consolidated. Mog Coin and GmeStop surged by 46% and 55%, respectively, partly driven by influencer activity. Dogecoin remains a major player, holding the seventh market cap rank, with significant gains but still below its peak price. The Memecoin-boom of 2024 has been dominating the crypto-sector and if it wasn’t for the approval of Spot Bitcoin and Ethereum exchange-traded funds (ETFs) not much notable would have...

Czech Republic abolishes capital gains tax on Bitcoin held at least three years

New tax law could boost crypto investment despite its lack of guidance and clear implementation strategies. Key Takeaways The Czech Republic has exempted Bitcoin held for more than three years from capital gains tax starting 2025. The legislation requires the assets not to be part of business assets to qualify for the tax exemption. The Czech Parliament has voted in favor of a proposed amendment that exempts capital gains from the sale of Bitcoin and other crypto assets from personal income tax, as shared by prominent financial analyst and entrepreneur Kristian Csepcsar. No capital gains tax on bitcoin has just...

Dogecoin (DOGE) Price Jumps 128% in a Month Amid 11-Year Celebration

Dogecoin (DOGE) price has recently seen significant growth, up 128% in the last 30 days, marking a major milestone as it celebrates 11 years since its launch in 2013 by Billy Markus and Jackson Palmer. As the largest meme coin in the market, with a market cap approaching $65 billion, DOGE continues to hold strong attention. However, the DOGE Ichimoku Cloud chart is showing mixed signals. While the price remains above the cloud, indicating favorable market sentiment, the narrowing distance between the price and the cloud suggests potential volatility, which could either lead to continued gains or a reversal depending...

Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win

Yellow Card, an African stablecoin platform, is taking steps to secure a license from Nigeria’s Securities and Exchange Commission (SEC) after obtaining a Crypto Asset Service Provider (CASP) license in South Africa. The CASP license has enabled Yellow Card to operate within South Africa’s regulatory framework, marking a significant milestone in its expansion across Africa. The company claims to have facilitated over $3 billion in transactions across 20 African countries where it operates. The Nigeria SEC has already issued licenses to two locally founded digital asset exchanges, Quidax and Busha. By seeking a license in Nigeria, Yellow Card aims to...