Analysis Crypto by Thebittimes.Com

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By mid-June 2024, analysts, investors, and two-dimensional blockchain sleuths have taken to tracking the cryptocurrency transfers of highly uncommon  Bitcoin (BTC) whales: The government of the Federal Republic of Germany. Indeed, the Central European country has been moving vast quantities of BTC to numerous exchanges, including Coinbase (NASDAQ: COIN), Kraken, and Bitstamp. In the last two days, the German government deposited 1,700 Bitcoins ($108 million) and holds a total of over 47,000 ($3 billion). German government’s recent Bitcoin deposits. Source: Lookonchain Where did Germany get the Bitcoin? Though there have been many theories as to the origins of Germany’s BTC – including the alleged but mostly unconfirmed reports that governments worldwide have been buying the cryptocurrency in secret for years – the assets can be tracked to a seizure conducted by the nation’s law enforcement. ...

The crypto community has been familiar with Andrew Tate for some time due to his general fondness of Bitcoin (BTC) – a fondness that led him to proclaim in May that he is done with fiat and is going all in on crypto currencies. More recently, Tate has apparently taken to expanding his horizons when it comes to the crypto market, first predicting Ethereum (ETH) is set to hit $4,000 soon and has, by June 7, seemingly declared war on Solana (SOL). Indeed, on June 7, the social media personality made an X post with the attached gif of the Muppets’ Elmo in front of a fire stating that he ‘will crash the Solana network.’ Picks for you Telegram launches 'Stars' as new in-app currency for digital purchases  1 hour ago If you boug...

2024 began with many speculations about general market performance. While the global crypto market awaited the approval of the SEC on Bitcoin ETF, another central talking point in crypto circles was the rise and fall of memecoins.  Top on the list of memecoins that made a wave in 2023 was the $PEPE. However, the coin could not sustain its momentum of interest and price in the months that followed its launch. Another major controversy with the $PEPE was the PEPE coin 2.0.  While investors were still trying to wrap their heads around the “imposter” new coin, memecoins like $SUI and $GFOX were announced. Both coins had promising price prospects for early holders, which they have maintained into 2024. In this piece, we dissect the highs and lows of Pepecoin, the potentials of the new Pepe coin, and the current interest with $SUI and $GFOX. Take a look. Latest on PEPE Pepe Coin ($PEPE) is a memecoin built on the Ethereum blockchain that gained...

Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since. It's been a year since the demise of the FTX exchange — an event that's now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago. In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several cryptocurrencies. The ones that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchange's own token, FTX Token (FTT). Crypto market capitalization daily price chart. Source: TradingView But a year later, things have not only improved for BTC, but for most cryptocurrencies impacted by the FTX collapse. Here are the top-gainers (from the top-30 by market capitalization) that would have yielded the biggest profit if bought in November 2022. Solana up 660% from FTX crash bottom Solana's price plummet...

The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn't straightforward, neither is the government's suppression of BTC price. Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin's price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts. Unfortunately, due to the decentralized nature of cryptocurrencies and the lack of transparency among exchanges, verifying whether a specific entity influenced the price movement remains a challenging task. On Aug. 11, Ceni, a co-founder of Ceni Capital, made a prediction that turned out to be partial...