Author: Roland Guirdonan

Article written by Roland Guirdonan

Over $1 billion in long positions liquidated as Bitcoin plunges toward $49,000

August 5, 2024 1 min read

The cryptocurrency market has taken a big hit. Bitcoin has dropped 17% to a five-month low of about $49,700. The panic sell caused over $1 billion in liquidations, with Bitcoin buyers losing the most money. Over 278,000 traders were hit by the sell-off. One Huobi liquidation order worth $27 million for a BTC/USD trade was one of them. There is also chaos in the broader financial market because of global

Crypto Bulls Lose $300M as Dogecoin and Solana Tokens Drop By Over 15%

August 4, 2024 1 min read

In the last 24 hours, crypto bulls have lost almost $300 million as the market sells off even more. Today, Bitcoin fell below $60,000 and hit a three-week low of $57,500. Some majors, like Solana’s SOL, Dogecoin (DOGE), BNB Chain’s BNB, xRP (XRP), Cardano’s ADA, and Toncoin (TON), also lost value. Ethereum (ETH) dropped below $2,900, giving back all the money it made during its run to $3,400 in July.

Crypto whales increase their holdings in Ethereum, Pepe, and ONDO

August 3, 2024 1 min read

Crypto whales are buying more Ethereum (ETH), Pepe (PEPE), and ONDO, which could mean that prices will go up. This is a bullish trend because more whales buying an object can attract more buyers and keep prices going up. On Ethereum, the big holder netflow has grown by 167%. This is the difference between how much ETH large investors bought and sold. This means that “whales” are buying more coins,

Here are the main reasons why Bitcoin dipped below $63k

August 2, 2024 1 min read

Last week, good news about Bitcoin, especially from the Bitcoin 2024 meeting, made people very excited. This week, though, the market has slowed down, which has caused a mood swing. The price of the coin dropped almost 8% to around $62,600, and it has since risen about 30% from its July lows. Short-term traders who bought on the dip may now want to sell, which will add to the current

NVDA’s 30-day implied volatility surpasses Bitcoin and Ethereum’s

August 1, 2024 1 min read

Nvidia (NVDA), a well-known stock in the artificial intelligence (AI) field, is likely to see bigger price changes than Bitcoin and Ethereum, which are the two most popular cryptocurrencies. It has gone from 48% to 71% for NVDA’s 30-day options implied volatility, but it has gone down from 68% to 49% for Deribit’s bitcoin DVOL index. It used to be 70%, but now it’s only 55%. Options are contracts that

The SEC revises its lawsuit against Binance, removes Solana, Cardano, and Filecoin from its list

July 30, 2024 1 min read

The US SEC has put off deciding on whether Solana, Cardano, and Filecoin are stocks. The SEC has changed its case against Binance so that these cryptocurrencies are no longer on its list of assets considered securities. The Solana community is hopeful about this change, even though the coin’s price has been decreasing lately. The SEC said that Binance had broken several federal securities rules and that some of the

The University of Wyoming establishes the UW Bitcoin Research Institute

July 28, 2024 1 min read

The University of Wyoming founded the UW Bitcoin Research Institute, a pioneering academic institution focused on studying Bitcoin. Dr. Bradley Rettler, an Associate Professor of Philosophy, has been chosen as the first director. In “Resistance Money: A Philosophical Case for Bitcoin,” Rettler examines the historical and conceptual underpinnings of crypto, asserting that Bitcoin and similar decentralized initiatives have the potential to challenge authoritarian governments, surveillance, inflation, and financial discrimination. The

Bitcoin Price to Surge to $13M by 2045: Michael Saylor

July 27, 2024 1 min read

Michael Saylor, the executive chairman of MicroStrategy, forecasts a substantial increase in Bitcoin’s value, projecting it to reach $13 million by the year 2045. With a current valuation of $67,800, Bitcoin’s market capitalization stands at $1.338 trillion, representing a mere 0.1% of the total world wealth. Saylor asserts that in order for Bitcoin to achieve this fundamental scenario, it would necessitate an annual rate of return of 29%, leading to

Bitcoin outperforms altcoins as BTC surged past $68k

July 27, 2024 2 mins read

Bitcoin (BTC) surpassed the overall cryptocurrency market performance, experiencing a 4.83% increase and reaching a value of $68,000. Prominent cryptocurrencies, including Solana (SOL), ether (ETH), BNB Chain (BNB), and Cardano (ADA), experienced an over-3% increase. Dogecoin (DOGE) experienced a 4% increase in value, whilst the memecoin popcat (POPCAT), which is built on the Solana blockchain, surged by over 9%. On the third day, there were more liquidations of ether products

A crypto analyst predicts Solana will surge above $1,000 soon

July 26, 2024 1 min read

Ali Martinez, a crypto expert, foresees a substantial surge in the value of Solana (SOL), relying on past price trends and technical patterns. Martinez believes that SOL has the potential to surpass $1,000 in value. This belief is based on the observed resemblances between the recent movement of this altcoin and the pattern witnessed in 2021, which resulted in a remarkable spike. In 2021, the value of SOL underwent a

Asset manager VanEck says BTC’s price may reach $2.9 million by 2050

July 26, 2024 1 min read

VanEck, an asset manager, predicts that Bitcoin’s price may reach $2.9 million by 2050, assuming high hurdles are cleared. The report suggests that Bitcoin will become an essential part of the international monetary system in the next few decades due to rising geopolitical tensions and ballooning debt servicing costs. Matthew Sigel, head of digital asset research at VanEck, believes that many of these distortions stem from a massive misallocation of

Trump campaign raises $3 million in crypto in Q2 2024, led by Winklevoss and Powell donations

July 26, 2024 1 min read

The Donald Trump reelection campaign has garnered $3 million in contributions in the form of digital assets during the second quarter of 2024. This represents a notable shift from Trump’s previous portrayal of Bitcoin as a fraudulent scheme. The increase in fundraising occurs as Donald Trump strategically prepares for another presidential campaign, with the Trump 47 Committee receiving significant donations from prominent individuals in the Bitcoin sector. Cameron and Tyler