Glassnode has revealed that Bitcoin’s current price movement resembles its 2015-2018 growth cycle, showcasing a remarkable 630% increase from its 2022 low of $15,000. This growth parallels the 562% rise during the earlier cycle, sparking speculative projections that Bitcoin could potentially reach $1.7 million if historical patterns hold. However, analysts from The Block caution that market conditions have significantly evolved, with institutional adoption, regulatory changes, and heightened market volatility creating uncertainties about whether past trends can accurately predict Bitcoin’s future. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest…
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The post Dogwifhat (WIF) 40% Rally Imminent? Bullish Divergence Spotted appeared first on Coinpedia Fintech News After a prolonged period of downside momentum, Dogwihat (WIF), a popular Solana-based meme coin, is poised for a massive upside movement. This positive outlook can be attributed to the formation of bullish price action and the rising interest from traders over the past 24 hours. Dogwifhat (WIF) Technical Analysis and Upcoming Levels According to expert technical analysis, WIF appears bullish as it has formed a bullish divergence on its daily time frame. Whenever an asset forms a bullish divergence, it indicates that the asset…
The post ECB Pushes for Digital Euro in Response to Trump’s Stablecoin Push appeared first on Coinpedia Fintech News In a latest development, European Central Bank board member Piero Cipollone stated that euro zone banks need a digital euro to counter U.S. President Donald Trump’s promotion of stablecoins, which are typically pegged to the U.S. dollar. Notably, Trump said he would promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide as part of a broader crypto strategy outlined in his executive order on Thursday. As per a report from Reuters, Cipollone explained that Trump’s focus on promoting…
The post MicroStrategy Announces Full Redemption of Convertible Notes Due 2027 appeared first on Coinpedia Fintech News In a latest development, MicroStrategy known for its significant Bitcoin investments and its exceptional 727% return over the past year, has issued a notice for the full redemption of its 0.0% Convertible Senior Notes due 2027. The company informed the trustee that it plans to redeem the outstanding notes, which have an aggregate principal amo0unt of approximately $1.05 billion, on February 24, 2025. Notably, holders of the notes can convert their investments into MicroStrategy’s class A common stock until 5:00 p.m. New York…
The post MicroStrategy Could Face Billion-Dollar Tax Bill On Unrealized Bitcoin Gains: Wall Street Journal appeared first on Coinpedia Fintech News MicroStrategy has built a bitcoin stash worth around $47 billion, including $18 billion in unrealized gains, through years of stock and debt offerings. However, in an unexpected turn, the company might face federal income taxes on those paper gains, even without selling any bitcoin, according to the Inflation Reduction Act of 2022. MicroStrategy Could Face 15% Tax on Adjusted Earnings The new law introduced a “corporate alternative minimum tax,” which means microstrategy microstrategy – Business Intelligence could face a…
The post Silk Road Founder Ross Ulbricht Thanks Trump in First Message After Pardon: ‘I am a Free Man Now’ appeared first on Coinpedia Fintech News As President Trump kicks off his second term, his approach to pardons has already sparked debate. Among these is the pardon of Ross Ulbricht, the convicted mastermind behind the Silk Road, an infamous online marketplace that facilitated the exchange of Bitcoin for illegal drugs and firearms. Ulbricht has long been regarded as a controversial figure. Since his conviction, he has been championed by supporters, particularly within the cryptocurrency and libertarian communities, who see him…
The post Semler Scientific Plans $75M Fundraising to Boost Bitcoin Holdings appeared first on Coinpedia Fintech News Emboldened by the impressive success that Semler Scientific achieved in the fourth quarter of 2024 through its Bitcoin holdings in the form of an unrealised profit of $ 28.9 million, the public company has decided to raise at least $75 million to purchase more BTC tokens. This indicates that the company is following the footsteps of MicroStrategy, which called on top companies, like Microsoft, to consider its Bitcoin-dominated treasury strategy. Here is what you should know about the development. Semler Scientific’s $75M Bitcoin…
The post Ripple News: John Deaton Says XRP Will Flip ETH, Predicts $8 Price and ETF Approval appeared first on Coinpedia Fintech News As the cryptocurrency space continues to make headlines after Trump’s inauguration, many investors have one question on their minds: Will the U.S. Securities and Exchange Commission (SEC) approve XRP and Solana-based Exchange-Traded Funds (ETFs)? With many ETF applications already in the pipeline, attorney John Deaton shared his thoughts on the possibility of SEC approval, in an interview with Thinking Crypto. The Rise of Cryptocurrency ETFs The Bitcoin spot ETF, in particular, has had an unprecedented impact. Deaton…
The post Why Dogcoin (DCOIN) Price is Surging? appeared first on Coinpedia Fintech News The memecoin industry, currently valued at about $115 billion and a 24-hour average trading volume of about $21 billion, has continued to gain more organic traction in the recent past. Dog-themed Dogcoin (DCOIN), a memecoin project launched on the Ethereum (ETH) network, has registered palpable gains in the past 24 hours backed by a robust online community of investors. According to the latest market data, DCOIN price was up around 500 percent to trade about $0.00455 on Friday, during the early London session. The small-cap memecoin,…
The post Bitcoin Price Prediction: Is a Massive $150K Rally Just Around the Corner? appeared first on Coinpedia Fintech News In the last 24 hours, the Bitcoin market has seen a growth of 2.1%. Renowned crypto analyst James Check states that there is a lot of resemblance between the price action of the current cycle and that of the 2016 to 2017 cycle. Moreover, he predicts that the market could reach a top of $150,000 soon. Is $150K Top Possible? Let’s examine! Bitcoin’s Path to $150K: Analyst’s View At the start of this month, the BTC price stood at $93,600.90.…