Here are the top three stories brought to you by U.Today.
Here are the top three stories brought to you by U.Today.
Bitcoin (BTC) to Reach $50,000 After Weekly Bullish Divergence, Top Analyst Says
The price of bitcoin continues to inch closer to the $50,000 mark, being driven higher by a weekly bullish divergence. This upward trajectory was highlighted by top crypto analyst Michaël van de Poppe in a recent X post, pointing out the asset’s recent breakout above the $48,000 level. According to van de Poppe, Bitcoin price is searching for resistance, indicated by a massive weekly candle that had helped Bitcoin price rise back above $48,000. The analyst wrote that he is curious to see what the price will do around $50,000 in the next 1-2 weeks, underscoring the critical level of resistance facing Bitcoin. The excitement around Bitcoin’s price movement is further intensifying with the next Bitcoin halving event scheduled for April. Halving times have historically preceded bullish increases in the price of Bitcoin. Van de Poppe has set his sights on the $50,000 target for Bitcoin, attributing his prediction to the impact of the halving event.
Dogecoin (DOGE) is no longer in the top 10 coins
In a sudden turn of events, Dogecoin (DOGE) has abandoned of the top 10 cryptocurrencies by market capitalization. Tenth place for the meme coin was taken by Chainlink (LINK), whose market capitalization surpassed that of its dog-themed competitor by approximately $71 million at the time of writing, leaving DOGE to get used to its new position. outside the “top 10″. club.” This change in position among the top 10 cryptocurrencies has once again demonstrated the volatile nature of the market. This is not the first time that Dogecoin has been kicked out of this elite group; for example, last December, Avalanche (AVAX) However, Dogecoin has been able to continually regain its position, underscoring the cyclical nature of its investor interest and popularity.
Is Satoshi Nakamoto alive? Tether’s VanEck and Gabor Gurbacs weigh in
In a recent X post, VanEck and Tether digital asset strategist Gabor Gurbacs shared “one of the best things” Bitcoin creator Satoshi Nakamoto made it for the BTC community. In Gurbacs’ opinion, one of those things is its disappearance, since, thanks to Satoshi’s withdrawal from the crypto scene, Bitcoin has no ambiguity, no attack vector, and no centralization. Gurbacs thanked the anonymous creator of BTC and showed respect to him, wherever he is now and if he is still alive. Post X caught the attention of Bloomberg’s Eric Balchunas, who asked VanEck’s executive does believe that Satoshi is still alive. Gurbacs answered “both”, confusing his followers; However, as he explained, many people believe that the world’s largest cryptocurrency was not created by an individual, but by a group, similar to a group of mathematicians who called themselves Nicolas Bourbaki in the early 1930s. Thus, Gurbacs suggests that some members of the “Nakamoto group” could be dead, while others are still alive.
