Bitcoin (BTC) is currently experiencing what some experts describe as the early stages of a bull market. This assessment is based on a significant chart pattern that is unfolding for the first time in Bitcoin’s history. Alistair Milne, an entrepreneur, recently highlighted the occurrence of Bitcoin’s first weekly “golden cross” on social media platform X.
Analysis
Bitcoin has experienced a remarkable surge, gaining almost 170% since the European Central Bank (ECB) warned of its impending irrelevance. This unexpected turn of events undermines the predictions made by economists and demonstrates the resilience and strength of Bitcoin in the face of criticism. Back on November 30, 2022, when the ECB published a blog
Bitcoin (BTC) has seen a surge in price, hitting $44,000 on December 5th, signaling a significant milestone for the leading cryptocurrency. This article will delve into the factors contributing to this rally and examine the potential implications for Bitcoin moving forward. BTC’s recent price surge represents a breakthrough resistance level that has presented itself multiple
In the past week, Bitcoin (BTC) experienced a significant surge, reaching a 20-month high at $41,130. The speculation surrounding this rally intensified following the $100 million liquidation of bearish Bitcoin futures within a 24-hour period. However, a closer look at BTC derivatives data reveals a different perspective, emphasizing the importance of spot market activity. While
Bitcoin (BTC) continued its bullish trajectory, hovering near the $40,000 mark on December 3rd. The weekend saw impressive gains that further solidified the ongoing upward trend. Price data from Cointelegraph Markets Pro and TradingView indicated a fresh surge that propelled BTC/USD to new heights in 2023, reaching $39,730. These gains built upon the momentum that
Despite facing repeated rejections at the $2,100 resistance level, Ether (ETH) continues to trade higher on December 1. The past three weeks have seen this level serve as a significant barrier, even as Ether recorded a 16.2% increase in gains during November. However, there are several factors at play that are supporting the current positive
The crypto industry in East Asia has been grappling with a series of alarming scams and regulatory challenges, shaking investor confidence in the region. One such incident involved Hong Kong-based crypto exchange Hounax, which was allegedly involved in defrauding 145 victims of $18.9 million. Scammers posing as investment experts lured investors with promises of high
Artificial Intelligence (AI) has the potential to revolutionize the auditing of smart contracts and enhance cybersecurity in the crypto industry. However, the current capabilities of AI, particularly GPT-4, fall short in these areas. Coinbase’s experiment with ChatGPT revealed that the AI system wrongly classified high-risk tokens as low-risk in 25% of cases. James Edwards from
Blockchain technology and artificial intelligence (AI) have garnered significant attention and hype in recent years. However, amidst the swarm of blockchain projects and cryptocurrency coins, it is important to critically evaluate the genuine use cases for AI in the crypto and blockchain space. In this article, we explore the possibilities and limitations of AI in
The intersection of artificial intelligence (AI) and blockchain technology has given rise to numerous projects, each with unique goals and ambitions. While some projects, like Singularity.net, strive to create a better world through the integration of AI and blockchain, there is no shortage of others that merely exploit the buzzwords of “AI” and “Crypto” to