Is Bitcoin on Track for $115K? Are We Entering ‘Epic Excitement’?
Is Bitcoin on Track for $115K? Are We Entering ‘Epic Excitement’?
Today’s Crypto news highlights significant developments in Bitcoin and the broader market. Will Trump’s upcoming speech impact Bitcoin’s price? BlackRock’s Bitcoin ETF has made a substantial purchase of $970 million in BTC. This surge in inflows is boosting the market. Analysts suggest Bitcoin could target $115,000 as supply metrics approach a historic euphoria zone. Meanwhile, Loopscale has recovered $2.8 million after a DeFi hack. The U.S. Department of Justice is requesting a 20-year sentence for Celsius founder Alex Mashinsky. Bitcoin is currently in a ‘critical zone’ as it battles for support at $93.5K. Is the Paws Telegram mini app legitimate? Additionally, 1inch has launched on Solana, planning Cross-chain swaps. Lastly, a Russian ruble stablecoin is being discussed, and Abu Dhabi institutional giants are collaborating on a dirham stablecoin.
Will Trump’s 100-Day Speech End Bitcoin’s ‘Compressing’ Range?
Former President Donald Trump is set to deliver a 100-day speech soon. Investors are speculating whether it will affect Bitcoin’s price movements. Bitcoin has been experiencing a compressing range, indicating potential volatility. Market analysts are closely watching this event for any possible impact.
BlackRock Bitcoin ETF Buys $970M in BTC as Inflows Surge
BlackRock has made headlines by purchasing $970 million worth of Bitcoin. This significant investment comes amid a surge in inflows into Bitcoin. Many experts believe this move could positively influence Bitcoin’s price. Institutional interest in Bitcoin is growing, signaling a bullish trend.
Bitcoin Targets $115K as BTC Supply Metric Nears ‘Historic Euphoria’ Zone
Bitcoin is eyeing a price target of $115,000. This optimism is fueled by supply metrics approaching a historic euphoria zone. Analysts believe that if demand continues, Bitcoin could reach this target soon. Investors are excited about the potential for future gains.
Loopscale Recovers $2.8M After Weekend DeFi Hack and Bounty Talks
Loopscale has successfully recovered $2.8 million following a recent DeFi hack. The company engaged in bounty discussions to incentivize information sharing. This recovery highlights the importance of security in the DeFi space. It also shows that proactive measures Can lead to positive outcomes.
US DOJ Requests 20-Year Sentence for Celsius Founder Alex Mashinsky
The U.S. Department of Justice is seeking a 20-year prison sentence for Alex Mashinsky. Mashinsky is the founder of the now-defunct Celsius network. He faces serious charges related to fraud and financial misconduct. The outcome of this case could impact investor confidence in crypto lending platforms.
Bitcoin in ‘Critical Zone’ as Triple Breakout Meets $93.5K Support Battle
Bitcoin is currently in a critical price zone. It faces a significant support battle at the $93.5K level. Analysts note that a triple breakout could influence its price direction. Investors are monitoring this situation closely for potential trading opportunities.
Is the Paws Telegram Mini App Legit? What You Need to Know
The Paws Telegram mini app has raised questions about its legitimacy. Users are advised to conduct thorough research before engaging. Scams are prevalent in the crypto space, so caution is essential. Always verify the credibility of new applications before using them.
1inch Launches on Solana with Crosschain Swaps in the Pipeline
1inch has officially launched on the Solana blockchain. This move aims to enhance its cross-chain swapping capabilities. Users can expect improved transaction speeds and lower fees. This launch could attract more users to the 1inch platform.
Russian Ruble Stablecoin: Exec Lists 7 ‘Tether Replica’ Features
An executive has outlined seven features of a new Russian ruble stablecoin. These features are similar to those of Tether, a popular stablecoin. The stablecoin aims to provide stability and reliability in the Russian market. More details are expected as the project develops.
Abu Dhabi Institutional Giants Team Up for Dirham Stablecoin
Institutional giants in Abu Dhabi are collaborating to create a dirham stablecoin. This initiative aims to enhance the digital currency landscape in the region. It reflects growing interest in stablecoins among institutional investors. The stablecoin could facilitate smoother transactions within the local economy.
Key Points
- BlackRock’s $970M Bitcoin purchase boosts market confidence.
- Bitcoin aims for $115K as supply metrics signal potential euphoria.
- Abu Dhabi giants collaborate on a new dirham stablecoin.
