[ad_1] Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as $650,000 in a bull market top. However, Bitcoin will only soar to these mega valuations, assuming that leading asset managers will fully deploy their recommended allocations to the world’s most valuable crypto asset. Bitcoin In A Wide Range At spot rates, Bitcoin looks shaky.…
Author: Sanjayananda
[ad_1] Even as Tesla, Inc. TSLA shares took a beating from confirmation regarding a round of massive layoffs, including those of high-profile executives, a new report said on Monday the electric- vehicle maker has in fact put on hold the development of its low-cost vehicle.What Happened: Tesla has stalled the development of the proposed $25,000 EV, which the Street referred to as Model 2, said Electrek, citing sources familiar with the matter. The report said internally, the project was codenamed NV9. The report comes close on the heels of CEO Elon Musk denying a Reuters report that said the U.S.…
[ad_1] Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above…
[ad_1] Grow World, under the visionary leadership of Cannacribs creator Nick Morin, is at the forefront of transforming the cannabis industry by pioneering a unique platform that bridges the gap between cannabis brands and the burgeoning influencer marketing scene.By forging strategic partnerships and leveraging the latest in influencer marketing techniques, Grow World seeks to redefine how cannabis brands engage with their audience.In a recent exclusive interview with Benzinga Cannabis, Morin shared insights into Grow World’s approach and shed light on the transformative power of cannabis influencer marketing.Interested in cannabis marketing and the latest developments in the industry? Stay abreast at the…
[ad_1] The Republican-led House has passed a series of bills aimed at financially pressuring Iran in response to a drone and missile attack on Israel.What Happened: The House approved three bills under a fast-track process, which requires two-thirds support for passage. These bills primarily aim to impose financial penalties on Iran and its supporters, reported The Hill.The legislation was passed in response to a massive Iranian aerial assault on Israel, which was repelled by Israel in partnership with the U.S., the U.K., France, and Middle Eastern allies.The approved bills include a measure to terminate the tax-exempt status of nonprofit organizations…
[ad_1] In a recent development, Liz Truss, the former British Prime Minister, has publicly endorsed Donald Trump for the U.S. presidency. Truss, known for her brief stint as the prime minister, criticized the current U.S. President, Joe Biden, for his lack of support towards the United Kingdom.What Happened: Truss expressed her support for Trump during an interview with LBC. She stated, “It has to be” him in the White House after the upcoming election. Truss also criticized Biden, stating, “I don’t think Biden has been particularly supportive to the United Kingdom. I think he’s often on the side of the…
[ad_1] According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two transactions: 17 BTC ($1.1 million) for one wallet and 33 BTC ($2.2 million) for another. The recipient wallet receiving 17 BTC has shown patterns of frequent transactions, possibly indicating its association with a cryptocurrency exchange, particularly Coinbase. The analysis further reveals that the Bitcoin…
[ad_1] In a recent development, former President Donald Trump’s request to attend the Supreme Court arguments on presidential immunity has been rejected. This comes amidst his ongoing hush money trial in New York.What Happened: The New York judge overseeing Trump’s trial has ruled that the former president cannot attend the Supreme Court’s oral arguments scheduled for April 25. This comes after Trump’s previous request to attend his son Barron’s high school graduation in May, which is still under consideration by the judge, reported The Hill.The trial, taking place in Manhattan, is expected to last for several weeks or even months.…
[ad_1] Saia SAIA has outperformed the market over the past 5 years by 41.42% on an annualized basis producing an average annual return of 53.11%. Currently, Saia has a market capitalization of $15.30 billion. Buying $100 In SAIA: If an investor had bought $100 of SAIA stock 5 years ago, it would be worth $842.78 today based on a price of $576.97 for SAIA at the time of writing.Saia’s Performance Over Last 5 YearsFinally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can…
[ad_1] On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle. Here’s why this may be so. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time As an analyst explained in a CryptoQuant Quicktake post, the BTC whales’ movements have been different this time compared to the previous cycle. The indicator of interest here is the “exchange inflow,” which tracks the total amount of Bitcoin being transferred to wallets attached to all centralized exchanges. In the context of the current discussion, derivative platforms are specifically of interest. When this metric’s…