AltSignals Blog

Michael Saylor’s company ‘Strategy’, formerly known as MicroStrategy, purchased an additional 1,895 Bitcoin, spending approximately $180.3 million. Semler Scientific also increased its Bitcoin holdings, now accounting for over 2.6% of Bitcoin’s total circulating supply. This underscores increasing corporate adoption of cryptocurrency.

Discover the revival of Bitcoin Faucet, a historic Bitcoin venture initiated by Charlie Shrem and Gavin Andresen, which distributed free bitcoins to users. Get insights into the history, objectives, culture, and impact of Bitcoin Faucet, as well as its potential future resurgence.

Cryptocurrency investment products witnessed new inflows of $2 billion last week, with global crypto exchange-traded products (ETPs) experiencing $5.5 billion inflows over the past three weeks. This has caused a surge in total assets under management (AUM) in all crypto ETPs worldwide. Despite a slowdown in the inflow of crypto ETPs, Bitcoin saw an intraweek rise, along with an increase in short Bitcoin ETPs. Additionally, other issuers like Bitwise, Grayscale, and ProShares witnessed slight outflows last week.

Bitcoin’s value continues to surge, bringing it closer to the key $100,000 level, fueled by Morgan Stanley’s interest in cryptocurrency trading and investor strategy diversification. The article provides a technical analysis of Bitcoin’s price movement, watching for significant resistance at $100,000 and $107,000 levels and key support near $92,000 and $85,000.

Bitcoin price hits a new high since February, rising 30% from April’s lowest mark. The article examines three key factors behind the surge: declining Bitcoin supply in exchanges, increasing retail and institutional demand, and strong technical indicators. The continued bullish trend is predicted to push Bitcoin past $100,000, with eminent analysts forecasting potential leaps to $200,000 to $2.4 million by 2030.

Bitcoin traders are eyeing a potential breakout to $100,000, despite potential short-term losses as May seasonality approaches. Historical financial trends advise investors to sell in May due to lower trading volumes and reduced institutional activity. However, Bitcoin’s performance has varied in recent years. This article explores the potential impacts of seasonality on Bitcoin’s market performance, added influences such as macro cycles and institutional flows, and the potential risk for altcoins. With Bitcoin’s strongest seasonal period historically being Q4, the “Sell in May” strategy could become a self-fulfilling prophecy if market sentiment flips.

Deribit, the world’s leading crypto options exchange, considers an entry into the US market due to a more favorable regulatory climate under President Trump’s administration. Additionally, Coinbase is in advanced negotiations to acquire Deribit, while other crypto firms like OKX and Nexo are also planning their US expansion against the improving regulatory backdrop.

StakeStone (STO) cryptocurrency sees over 30% price surge in 24 hours after a successful spot listing on Binance exchange. The bullish trend follows STO’s initial token generation event in April and subsequent listings on other exchanges like MEXC, Bitget, KuCoin, and Gate.io. The current STO trading price is $0.17 with a trading volume exceeding $45 million. Despite signs of a potential short-term pullback, future predictions suggest a broader uptrend.

Movement Labs co-founder Rushi Manche suspended amid an ongoing scandal involving a collusion with market maker Web3Port for token dumping, triggering a price crash. The incident prompts Coinbase to delist MOVE token, resulting in a 20 percent drop in token’s value. Third-party review is initiated by Groom Lake to investigate the governance and recent incidents.