Author: admin

Bitcoin is approaching a critical tipping point as two powerful bullish patterns, the Cup & Handle and the Inverse Head and Shoulders, align to signal a potential breakout storm. With momentum building and key resistance levels now within reach, the market is bracing for what could be a major explosive move. BTC Climbs Above 93,160 As Cup & Handle Targets 104,000 Charting BTC on the 4-hour timeframe, analyst Kamile Uray revealed that the price is currently moving above the $93,160 level. Uray is closely monitoring the price, as a successful close above this level would confirm the breakout of a…

The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com.The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more specifically sports wagering.”Each of the companies are “hereby ordered to immediately cease and desist advertising, offering, promoting, or otherwise making available Contracts or any other form of unlicensed online gambling to Connecticut residents,” according to the state notices.Robinhood argued on Wednesday that it’s regulated by the federal government.”As we’ve previously shared, Robinhood’s event contracts are federally…

Key Takeaways Fundstrat’s Tom Lee and Mark Newton remain bullish on Bitcoin and Ethereum despite recent sharp declines. Ethereum and Bitcoin face near-term volatility. Both analysts still expect upside into early 2026, with Lee predicting Bitcoin could reach a new all-time high by the end of January. As Bitcoin (BTC) and Ethereum (ETH) continue to post steep losses, Fundstrat’s Tom Lee and Mark Newton have remained bullish on accumulation. The two analysts argued that the recent pullback has improved risk-reward conditions for long-term investors, even as the short-term setup looks volatile. This latest commentary follows Lee’s prediction of a bullish…

Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November.Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest. “Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with information.”Kalshi raised $1B at an $11B valuation.A decade ago, only a…

American entrepreneur and investor Kevin O’Leary has pushed back against speculation that the US Federal Reserve will cut interest rates in December — a move that typically signals a favorable outlook for crypto. However, O’Leary doesn’t anticipate a Fed rate hold negatively impacting Bitcoin’s (BTC) price.“I don’t actually think the Fed’s gonna cut in December,” O’Leary, also known as “Mr Wonderful,” told Cointelegraph during an interview on Tuesday, emphasizing that it’s not “gonna make a difference to Bitcoin.”Mr. Wonderful doesn’t tip Bitcoin to move more than 5%“I’m not investing that way. I’m not investing as if the Fed is going to…

Bitcoin BTC$92,473.49 briefly slipped below its network value based on Metcalfe value modeling for the first time in nearly two years, according to network economist Timothy Peterson. This is typically a signal that often marks the late stages of market resets, he said.”While this does not necessarily signal a bottom, it does indicate that most leverage has been removed and the ‘bubble’ has deflated,” Peterson said. Metcalfe value estimates the fundamental worth of a network using activity and user-based growth, and has historically offered useful context during major cycle turns.The dip below network value coincided with bitcoin’s steepest pullback of…

A six-year data review shows five large and mid-cap cryptocurrencies often gain during December. However, their “Santa rally” success is clustered in specific bull and recovery years, not every Christmas.The analysis covers December performance from 2019 to 2024. It focuses on USD returns for Bitcoin, Ethereum, Binance Coin, Litecoin and Monero.Bitcoin: Big December Moves in Bull CyclesBitcoin delivered its strongest December in 2020, rising about 48% from roughly $19,700 to $29,000. It posted another solid December gain in 2023, adding about 12% as ETF optimism returned.Sponsored SponsoredBy contrast, Bitcoin fell about 5% in December 2019 and nearly 19% in 2021.…

Bitcoin BTC$92,284.98 bounced back on Tuesday, gaining about 6% over the last 24 hours after a sharp sell-off to start the week. The rebound helped drive heavy activity in crypto-related exchange-traded funds (ETFs), especially BlackRock’s iShares Bitcoin Trust (IBIT), which was among the most-traded ETFs in the U.S. for the day.IBIT saw around $3.7 billion in trading volume Tuesday, surpassing the S&P 500 ETF from Vanguard (VOO), which recorded $3.28 billion, according to data from Barchart. That puts BlackRock’s bitcoin fund in rare company, alongside some of the most liquid and widely held ETFs in the market.The spike in volume…

Prediction market odds on Kevin Hasset becoming the next chair of the US Federal Reserve spiked after US President Donald Trump appeared to hint at who he has in mind during a White House event. Speaking at the White House on Tuesday, Trump introduced guests, welcoming Hassett as a “potential Fed chair.” “It’s a great group, and I guess a potential Fed chair is here too,” he said. “I don’t know, are we allowed to say that, potential? He’s a respected person, that I can tell you. Thank you, Kevin.”It was only during a cabinet meeting earlier in the day that Trump…

Grayscale has launched the first US spot LINK ETF today. HYPE rallies after Sonnet shareholders authorize Hyperliquid DAT’s merger. ASTER gains more than 13% on a new collaboration with WLFI. Cryptos rebounded on Tuesday as the value of all tokens increased by more than 6% to $3.06 trillion. Bitcoin has reclaimed $90,000 as Ethereum trades above $3,000. This article evaluates three altcoins, Chainlink, HYPE, and ASTER, that remained in the spotlight today for various reasons. Grayscale’s spot Chainlink ETF goes live Grayscale has officially converted its Chainlink Trust to an ETF today, introducing the first-ever US exchange-traded fund. The debut…