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Amid growing scrutiny over financial trades by members of Congress, Representative Barry Moore has disclosed a Bitcoin (BTC) purchase made a month before the cryptocurrency‘s halving event, sparking discussions about the timing and insights behind such investments. While some lawmakers have faced criticism for poorly timed trades, Moore’s move—positioned just days before a major reduction in Bitcoin’s supply—contrasts sharply with recent trading losses by other officials, showcasing a potentially savvy understanding of cryptocurrency trends. Barry Moore’s strategic Bitcoin purchase Moore disclosed a Bitcoin purchase made on March 30, 2024, just before the Bitcoin halving event, an occasion known for influencing significant price movements due to the reduced pace of new Bitcoin availability. The purchase , valued between $1,001 and $15,000, was revealed on April 18 amid volatile market conditions. Picks for you Michael Saylor unloaded 400,000 Mi...

BTC price action has yet to match one Bitcoin trader's long-term target, but "patience is key," he says nearly one year later. Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre- halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre- halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces stiff resistance sliding back to the $40,000 mark; several attempts to crack it have failed in the past week. As Cointelegraph reported, the area immediately below also holds significance for aggregate market profitability, with $39,000 likely a breakeven point for those who bought in during the 2021 bull market. Titan of Crypto has also flagged $39,000 as an important boundary — this time, however, as the bottom of where BTC/USD should end up prior to the April 2024 block subsidy halving event. “The pre halving rally I...

Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024.  This means that the price of Bitcoin could go up significantly and so will other altcoins. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge. Everlodge the first web3 marketplace for real estate trade Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. One new token that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. Why? You might ask. Global tourism has been growing since the end of the Covid-19 lockdown.  Because investing in real estate requires a significant amount of money upfront, only a few wealthy individuals have joined the industry. Everlodge is here to assist and promises to make property investment simpler. They’ve harnessed blockchain technology to turn real estate into NFTs, whic...

Bitcoin's bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan Creek Capital Management. Yusko thinks the next crypto bull run or, as he calls it, "the crypto summer ," could kick off as soon as the second quarter of this year due to the combination of more dovish central bank policies and the anticipation of the Bitcoin (BTC) halving.  While the United States Federal Reserve is unlikely to cut interest rates anytime soon, according to Yusko, the markets tend to anticipate the Fed's decisions. That means even a slowing down or a pause in interest-rate hikes would be interpreted as the signal of an imminent pivot. That would spark a positive dynamic among all risk assets, including crypto. ...

Bitcoin has the potential to deliver gains which are stronger than "most think," market analyst Rekt Capital believes. Bitcoin (BTC) faces a “bottoming candle” in 2023, but BTC price action is still more than able to surprise the market. In a tweet on Jan. 11, popular trader and analyst Rekt Capital predicted that BTC/USD could see “decent upside” this year. Chart teases serious Bitcoin upside potential Analyzing Bitcoin’s four-year market cycles around block subsidy halving events, Rekt Capital drew attention to 2023 being the deadline for its next “bottoming candle.” With the next halving due in 2024, the coming twelve months should see a price floor, followed by a rally as the event draws nearer. 2024 thus forms the fourth candle in Bitcoin’s current cycle, and 2023 the third. “Candle 3 is a Bottoming Candle in the BTC Four Year Cycle. But it can still generate decent upside,” Rekt Capital commented. The scope for Bitcoin to take traders by surprise is clearly visible i...