Bitcoin is looking to break out with multiple analysts agreeing that the stars have aligned for this event.
MicroStrategy, a leading business intelligence company, released a paper discussing Bitcoin as a leading or lagging indicator. An interesting trend on the rise is meme coins on Solana with
DOGEN,
SIGMA and an unmentioned coin rising to dominance. This includes generating
Bitcoin Alpha by front-running institutions in anticipation of Bitcoin 2024. Despite institutional growth, risks persist with
Coinbase, as it plans to delist unauthorized stablecoins in the EU. The
Chinese government has given the green light to Bitcoin, which many believe signals the start of 'Bitcoin Season'. Other notable events include Coinbase aiding the first AI-to-AI crypto transaction, the expected listing of
Exverse tokens on major exchanges for the Alpha launch, and the debut of
Cronos zkEVM on Alpha mainnet on ZKsync. However, there are concerns about Bitcoin's decline, Bitcoin mining becoming a 'survival game', and Solana's meme coin Dogen disrupting the crypto market. Additionally, Coinbase's Q2 earnings were impacted by lower crypto trading volume and higher expenses.
ALPHA Coin News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Wed, 16 Oct 2024 18:33:00 GMT -
Rating -3
- Innovation -2
- Information 7
- Rumor -5
