Popular
Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming
A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or elevated Coinbase premiums typically suggest intense buying pressure, indicating strong medium-term sentiment for Bitcoin. However, BaroVirtual warns that in the short term, these high premiums may present a double-edged sword, as they often precede a localized downward movement in Bitcoin’s price. This phenomenon stems from...
Bitcoin Nears $100,000 As Trump Council Expected To Implement BTC Reserve
What an enormous day it has been today. Gary Gensler officially announced that he is stepping down from his position as Chairman of the Securities and Exchange Commission (SEC), and minutes later, Reuters reported that Donald Trump’s “crypto council” is expected to “establish Trump’s promised bitcoin reserve.” A bitcoin reserve, that would see the United States purchase 200,000 bitcoin per year, for five years until it has bought 1,000,000 bitcoin. Right after both of those, Bitcoin continued its upward momentum and broke $99,000, with $100,000 feeling like it can happen at any second now. It is hard to contain my...
PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution
Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its money. Pepe Unchained Plans Meme Coin Paradise Powered by Layer-2 Tech So, why all the excitement around Pepe Unchained? It’s down to the planned Layer-2 network, which the team hopes will be the place for all things meme coins. For those unaware, Layer-2s are like...
