Episodes
The past 24 hours saw Bitcoin come within spitting distance of the $100K milestone, continuing one of the best Novembers on record while attracting short positions that may risk a "violent breakout." But don't be fooled: Bitcoin isn't the only thing worth your attention. United States SEC Chair Gary Gensler resigned ahead of President-elect Donald Trump taking office in January, and the SEC's broker-dealer rule was tossed by a US court. Also, the UK — not wanting to be left behind — promised ...
Published 11/22/24
Bitcoin has been highly volatile in the past 24 hours, particularly on the back nine, but very much in crypto's favor as it chases a six-figure price tag. So, to start with, I'll take you through some of the reasons for the momentum, what's going on behind the scenes of the markets and what might happen if and when the $100K threshold is breached. Outside of Bitcoin, Trump considers a dedicated crypto post within the White House, Japan looks to overhaul its "nebulous and variable" crypto taxe...
Published 11/21/24
Bitcoin enjoyed another brief stint in price discovery, setting a new peak of $94,105 according to Coinbase. This was seemingly propelled — at least in part — by the first day of trading options contracts on BlackRock's spot Bitcoin ETF, IBIT, which saw an "unheard of" $1.9 billion! Outside of Bitcoin, there were other important crypto developments in the past 24 hours. A California judge ruled that under partnership laws, DAO members can be liable for the DAO and other members' actions, Dona...
Published 11/20/24
Naturally, we're in a busy period for Bitcoin as it chases yet another all-time high, so there is a lot to catch you up on. Robert F. Kennedy Jr. said he put most of his wealth into Bitcoin alongside buying two BTC for every one of his seven children, MicroStrategy buys $4.6B billion more Bitcoin and is raising funds for another $1.75 billion purchase, while the Puell Multiple is approaching a score that often precedes a price rally of about 90%. Elsewhere, Goldman Sachs is turning its crypto...
Published 11/19/24
The weekend might have seen Bitcoin dip into the $80K range a few times but it still secured the best weekly close on record and started Monday morning strong. So, to start today's episode I'll run down what you need to know about Bitcoin this week, then we'll move on to the wider crypto ecosystem. First up is the thought that Trump's policies may send DeFi mainstream, then the surge in NFT sales, and finally, how Solana-based DApps are raking in fees as memecoin demand returns to its former ...
Published 11/18/24
A wild 24 hours just unfolded and Bitcoin's 3% dip doesn't even make the list. Nevertheless, we'll start with a breakdown of why Bitcoin corrected yesterday before looking at comments made by VanEck's head of digital assets research on CNBC, as he says we're headed for "repeated all-time highs" over the next two quarters. Then, things have heated up with the SEC and its chair, Gary Gensler. Yesterday, Gensler doubled down on his crypto stance despite President-elect Donald Trump threatening t...
Published 11/15/24
It's a packed debrief for you today and — would you believe it — it's not all Bitcoin, though that's where we'll start. With BTC hitting yet another new all-time high in the past 24 hours, the question of when we'll see a six-figure USD price tag intensifies. To address this, we collated end-of-year price predictions for Bitcoin from top analysts, and found a clear trend. Outside of Bitcoin (sort of), an AI firm adopted the MicroStrategy Bitcoin treasury play and its stock price jumped 66% in...
Published 11/14/24
Another wild 24 hours in crypto! Bitcoin managed to breach $90K yesterday for an all-time high, and although it slipped back, data suggests the rally has legs to go further. The question is, how much further? Outside of Bitcoin, Ethereum is quietly building its own comeback with a lot of statistics skewing bullish, Italy scales back its plan for a 42% capital gains tax on crypto, and Donald Trump taps Elon Musk and Vivek Ramaswamy to run a new government agency with the acronym "DOGE." Yes, r...
Published 11/13/24
Yesterday was the biggest US dollar price gain Bitcoin has ever seen in a single day. That statistic really gives you a sense of how incredible yesterday was. With a $100K price tag now just a stone's throw away, the conversation has switched to long-term targets as well as what is driving the short-term rally. Is it all Trump? And then, buried by the excitement, the FTX bankruptcy estate filed a massive $1.8B lawsuit against Binance and CZ that you need to know about!Further reading:Bitcoin ...
Published 11/12/24
Crypto did not take the weekend off, that's for sure. Not only did we see Bitcoin continue price discovery into the $80K range for the first time, but a new Bitcoin market cap all-time high was reached as well. So, to set you up for the week, I'll first take you through what happened and what you need to watch for this week with Bitcoin. Then, we'll move into Edward Snowden's comments on decentralization and criticism of Solana, and finally, Cardano's $ADA pumps over 70% on the week and it se...
Published 11/11/24
Although Bitcoin is pushing higher and higher, all eyes were on US spot Bitcoin ETFs, which saw eye-watering numbers. BlackRock posted $1.1B in inflows yesterday, with all 11 ETFs bringing in $1.34B — a number that surprised even the most seasoned ETF analysts. After a Bitcoin rundown, we go through a complete overview of Ethereum as it stands, why it is currently thriving and perhaps even hinting at a "monster rally." Then we will look at an uncomfortable emerging trend as yet another promin...
Published 11/08/24
The Donald Trump election victory continued to rally markets over the past 24 hours, with Bitcoin clocking another all-time high at $76,480. Spot Bitcoin ETFs were right there in the action, seeing a huge $6B in trading volume, but oddly, after doing over $1B in volume in the first 20 minutes, BlackRock's iShares Bitcoin Trust posted outflows. Elsewhere, Senator Cynthia Lummis immediately began pushing for a US strategic Bitcoin reserve, but even with Trump, it'll be tricky to implement. And ...
Published 11/07/24
With mere rumblings of a Trump victory in the US presidential election, Bitcoin soared to an all-time high. Now, with Trump's win confirmed, there is a lot of bullish sentiment as he was seen as the crypto voter's favorite, but what does that really mean? What does Trump's victory mean for crypto? What will we see in the months after he takes office? What will change and what won't? In a special episode of the Rise'n'Crypto podcast, I'll take you through what happened with Bitcoin in the past...
Published 11/06/24
Many expected heavy volatility in the lead-up to today's US presidential election, but the past 24 hours have been quiet in what's being called a "calm before the storm" by Bitfinex analysts. So much hinges on the outcome of this election, though there are differing opinions on what the impact might be. Elsewhere, Coinbase is hit with allegations from big names in the crypto space that it is charging exorbitant fees to list tokens, and Microsoft may risk a shareholder lawsuit if it ignores Bi...
Published 11/05/24
The weekend didn't offer too many surprises as Bitcoin's price continued the downward trajectory of the end of last week, but we now move into a massive week for crypto. One trader said the US presidential election could send BTC flying 10% in either direction, depending on how the voting goes, with Trump thought to be the bullish outcome. Elsewhere, crypto projects are set to unlock $2.6B worth of tokens this month, Bitcoin mining bans can be a net loss for the environment, and is the 'grand...
Published 11/04/24
Yesterday marked the 16th anniversary of the Bitcoin whitepaper and it was celebrated in true crypto fashion: wild price volatility. So, we'll go through what happened yesterday and why the market was spooked, we'll look at Bitget's Telegram Mini App wallet that attracted 6 million users in just three days, and a new person claiming to be Satoshi who has emerged and might be the most absurd one yet. So, carve out 10 minutes from your day and I'll catch you up.Further reading:Bitcoin at 16: Fr...
Published 11/01/24
I said yesterday that the spot Bitcoin ETFs in the US have gone parabolic, and they continued on that trajectory, surpassing 1M BTC held collectively, primarily courtesy of BlackRock, which achieved record inflows. This has worried some analysts though, as ETF FOMO has previously marked local tops. Elsewhere, the venture capital firm, Paradigm, released a public opinion poll that showed 5% of US voters see crypto as the decisive factor in who they vote for, and in a tight election, that could...
Published 10/31/24
We might not have seen a BTC/USD high at the time of recording, but Bitcoin all-time highs were set in various other currencies as things heat up. This heating up is seen clearly when looking at US spot Bitcoin ETFs, which are having a billboard week with a buying frenzy underway. However, some are already looking to take profits, and one whale doing that is Bhutan's government. Outside of Bitcoin, the FTX estate sues KuCoin over frozen funds, dYdX and Consensys make mass layoffs, and Visa an...
Published 10/30/24
The past 24 hours have seen Bitcoin pushing within a few percent of all-time highs set in March as analysts highlight just how bullish a setup we're seeing. Bitfinex analysts say we're in a "perfect storm." Outside of Bitcoin, Coinbase continues to rehabilitate crypto company sponsorships of sports with three new partnerships, the exchange's CEO wants the next SEC chair to apologize for damage done to the industry, and Solana flips Ethereum in daily fees as the network's growth continues.Furt...
Published 10/29/24
We had a bullish close for Bitcoin last week and now all eyes are on November, which is set to be a huge month for crypto with the US presidential election, a potential drop in US interest rates and Russia lifting its Bitcoin mining ban. Meanwhile, Coinbase launches its "Based Agent" to allow users to create their own AI agents with crypto wallets in just 3 minutes, FTX settles its lawsuit against the exchange Bybit and a professor explains why a Trump win is bad for memecoins. So, grab yours...
Published 10/28/24
To end a busy week we have some huge stories this morning. Microsoft filed with the SEC, including a vote in December on investing in Bitcoin. The US government appeared to be moving assets from one of their crypto wallets that contained funds seized from the Bitfinex hack, but the movements suggest it is, in fact, a hack. Solana's native token hits a record high against Ethereum's, which — alongside other performance data — resurrects the debate over a "flippening." And finally, Polymarket h...
Published 10/25/24
It's a busy week! Firstly, Michael Saylor clarified those comments suggesting big banks should custody Bitcoin, offering the more reasonable take we suspected yesterday. Analysts and pundits debate the effects of a Trump election victory on the price of Bitcoin, with one recent projection being $92K. Despite the FUD, Tesla didn't sell any of its digital asset holdings. Denmark is considering a tax policy change that would tax unrealized gains and losses from crypto. Nigeria finallydrops the c...
Published 10/24/24
Should big banks act as the custodian of your Bitcoin? Somewhat unexpectedly, the MicroStrategy executive chairman, Michael Saylor, said you should, which has — less unexpectedly — caused some backlash from cryptopians. Vitalik Buterin even called Saylor's comments "batshit insane." Elsewhere, Peter Todd said was forced into hiding after an HBO documentary said he invented Bitcoin, the SEC lists crypto as an examination priority, Binance loses market share in the battle of the exchanges and B...
Published 10/23/24
Bitcoin saw a 3% correction yesterday as predictions that BTC would hit $62K or lower came rolling in, but not all were spooked. For example, investors in BlackRock's IBIT bought the dip to the tune of $329M in inflows and the latest data on retail demand suggests it may be mirroring the lead-up to March all-time highs. Elsewhere, Transak was hit with a data breach exposing sensitive information of 92K users and Minneapolis Federal Reserve President Neel Kashkari made more anti-crypto comment...
Published 10/22/24