Get your weekly dose of crypto news straight from the source! Mr. Bitty has prepared everything for you. Let’s see what the crypto news is for the ongoing week!

Dips, prices rise, interesting crypto opportunities, or awesome stories from the crypto world – we’ve got them all!

14 May

Will BTC Hit $105k This Week??

The crypto market popped in the last few days on several positive global developments. The U.S has stated that their meeting in Switzerland over the weekend to discuss trade tariffs with China was successful. 

The war between India and Pakistan has a questionable truce in place for the foreseeable future. Putin has agreed to talks in Turkey next Thursday, regarding the war in Ukraine, with no set preconditions. The US brokered a deal with Hamas to get an Israeli/American hostage, Edan Alexander, released yesterday after 540 days in captivity.

Bitcoin has broke out once again, after a meteoric rise in January to over 110k USD , only to pull back in the following months. In the past 2 weeks, BTC ETFs have also seen massive inflows of institutional money and elevating this part of the market to new all-time highs. Some analysts in the crypto industry have acknowledged that these inflows are changing the entire market. 

Respected Crypto Analyst Converts From Bear to Bull

An analyst who posted negative comments on BTC a few months ago has changed his tune. 

The founder of Cryptoquant (onchain analytics), Ki Young Ju, recently stated, ‘2 months ago’, I said the bull cycle was over, but I was wrong. BTC selling pressure is easing, and massive inflows are coming through ETFs.” 

BTC pricing is easier now than in the past, as patterns are more predictable and the market has changed; it is more diverse due to the massive introduction of new tokens and the depth of the utility of these tokens. The influx of more retail investors and government agencies has influenced the market as well.

Inflows to BTC ETFs across the market have amounted to over USD 795m in the past 2 weeks, with BlackRock’s IBIT ETF pulling in USD 356m just on May 9^th. 

Bitcoin is currently trading at 103k USD  after almost hitting 106k USD yesterday and looks poised to break out to new highs in the near future.

Litecoin on the Move

In the past week, Litecoin has gone up 25% to break the psychological resistance level of 100 USD. LTC is currently trading at 102.85 USD and is still off an all-time high of 136 USD (achieved last January), but if the bull run continues, it could reach this level rather quickly.

LTC has caught the attention of Wall Street because of fast transaction times and relatively low charges, something that is very attractive to institutional investors. It is traded on all major exchanges, making it easy for traders of every level to participate. The recent MimbleWimble Extension Blocks protocol (MWEB) has enhanced privacy on the chain and helps prevent specific types of spam attacks.

LTC executives are still waiting for a ruling from the SEC on the Canary Capital LTC ETF, which has been delayed for more public scrutiny (fraud, manipulation and/or novel concerns). Many analysts agree that the LTC ETF is imminent, but cannot agree on the timing of its launch.

Ethereum… some new upgrades

Ethereum is up considerably this week, perhaps because of a key merger on the chain. The Pectra upgrade combined two updates: the Electra consensus layer and the Prague execution layer. After these EIPs were introduced on May 7th, ETH bounced 38%, and the ETH improvement included 11 major code changes which will improve staking, wallet features and functionality.

ETH is currently trading at 2,485 USD, dipping below the significant resistance level of 2,500 USD. Volume in the last 3 days has been substantial, breaking the 50/100/150 EMA in one fell swoop. While the RSI is over 81, signaling the coin is overbought, this spike in price may continue. Investor sentiment, mostly institutional, seems to be improving toward ETH, going higher on the positive BTC narrative.

Bitcoin Cash – Support is Solid

Bitcoin cash tested the USD 400 support level several times in the last week and dipped to $360 in earlier trading today, but it has regained some of the losses and is now trading at USD 399. The coin is up 11% for the week but has strong resistance at USD 416. The BTC spike definitely triggered the Bitcoin Cash breakout. 

The surge in price could also be attributed to the U.S. Fed keeping the interest rates unchanged… but not without concerns about employment and inflation risks. 

The current rise in price breaks an 8-year bullish trend for BCH. During the 2021 bull market, BCH failed to hit an all-time high and continued its downward course. Perhaps this run will see BCH hit some long-awaited 4-year highs.

Cardano – is a breakout imminent??

Cardano is giving off strong breakout signals as the inverted head and shoulders pattern has emerged in the past week. That chart shape, coupled with a neutral RSI, is giving analysts an optimistic perspective that ADA will reach higher highs. 

ADA is trading at USD 0.7985 after hitting a weekly high of USD 0.8562 yesterday and then coming off by 2.9%. Cardano released some positive news today that could boost the price as well. They signed a partnership with Brave Software to integrate ADA into their Brave Wallet to optimize interoperability in the Web3 realm.

mBitcasino’s Take on the Crypto Market

The consensus of the market seems to favor a breakout in the next few days, but there are macroeconomic factors to consider. The U.S. dollar has strengthened in the last week but has dropped today, and this may be in anticipation of the CPI news. April Consumer Price Index data will be released today and this may have caused some of the selloff in the market.

The global political differences around the world will also be a factor in determining the next bull run.

23 April

Is the Crypto Market Going to Surge or Slump?

Another week has passed, and the crypto market remains in a semi-stalemate. Although, admittedly, things could be worse if the predictions from the bears mentioned in last week’s news report began to unfold.

Quite the opposite has happened so far, as Bitcoin has surged past $87,500, which is a gain of approximately 3.9%. It isn’t only BTC that has been rising in value. We’ve seen similar gains across the cryptocurrency market, with only TRON and XRP experiencing a decline over the past seven days.

The U.S. dollar has weakened over the past week, while institutional investment in crypto is gaining traction, as Bitcoin and the broader crypto market continue to maintain their “digital gold” narrative. 

Let’s take a look at the cryptocurrencies that have shown positive momentum over the past seven days. Ethereum, Bitcoin Cash, Dogecoin, and Litecoin.

Ethereum Slowly Climbs Towards the $2,000 Mark

Over the last 7 days, Ethereum has gained 3.7% and is now approaching $1,700 after passing the $1,600 mark. The short-term trend remains in favor of the bulls, with buyers maintaining control.

ETH is also in the green for April so far with a 5% gain. As for the crypto’s yearly gains, Ethereum boasts an 18.4% increase. On the technical side, the crypto is currently trading over the 50-day moving average. 

As for the RSI indicator, things are looking neutral, while some feel that the RSI is showing marginal bullish signs. If correct, Ethereum’s upside will continue and could reach $1,800 with most traders likely eyeing the $1,750–$1,800 price zone. If we reach the $1,800 territory, the next step for ETH is to break through the next resistance level, which is $2,000.

Bitcoin Cash – Gains may slow according to technical analysis

BCH has shown a steady upward trend over the past week, moving from $321.89 on April 16 to $335.96 on April 21, 2025—a gain of approximately 4.4%. ​On a monthly basis, BCH has increased by about 5.2%, rising from $319.61 on March 21 to its current level.

From a technical standpoint, BCH is trading above its 50-day moving average, indicating a potential bullish trend. The Relative Strength Index (RSI) is around 62, suggesting that the asset is approaching overbought territory but still has room for upward movement.

Investors and traders are closely watching the $340 resistance level; a sustained break above this threshold could pave the way for BCH to test higher levels, potentially targeting the $360 mark in the near term.

Dogecoin – Have ETF talks help DOG’s slow-burning rise

It has been an excellent week for what many refer to as Elon Musk’s memecoin. Tesla may not be performing well on the stock market, but DOG has seen reasonably positive price gains. It’s moved up from $0.1549 on April 16 and is now in the $0.16 territory. 

Although we know how volatile this meme can be and its latest 3.5% gains could be wiped out in a second, there is also every chance DOG can skyrocket. A couple more Xs (Tweets) from Elon could do the trick for the bulls.

There is also good news from a technical standpoint. The RSI has moved out of oversold territory, which usually means continued upward momentum. 

On top of this, Market sentiment has been bolstered by news of the SEC reviewing ETF applications for Dogecoin, with decisions expected by May 21. This development could attract institutional investors and provide further legitimacy to the cryptocurrency.​

For now, traders are watching key resistance levels at $0.1696 and $0.1755, with support levels at $0.1575 and $0.1550.

Litecoin – One of this week’s top performers

Before you get excited about gains of over 6%, we can just as easily see Litecoin turn into a downward trend. That has been the story of crypto’s year, as roughly 23.4% has been shaved off its $104.81 starting price, on January 1, down to its current $80 valuation. Also, April has not been kind, with a decline of around 13% in value.

With that said, this week has seen LTC move out of the $75.00 range and break through the $80.00 price range, with roughly 6% gains. As we all know, a good 7 days for Litecoin doesn’t mean stability. It’s actually one of the most difficult coins popularly used in crypto casinos to predict.

We decided to dig deeper, as Litecoin’s positive week is not as clear-cut as that of Bitcoin, Ethereum, or Bitcoin Cash. As expected, market sentiment remains cautious, with the Fear & Greed Index indicating a state of Fear at 37. Traders are closely monitoring key resistance levels at $81.25 and $85.00, with support levels at $75.87 and $73.48.

mBitcasino’s Opinion – We are still in no man’s land

Despite solid performances from BTC, ETH, BCH, DOGE, and LTC, it’s premature to call this a bull market. We’re seeing positive short-term momentum, but there hasn’t been a decisive breakout yet. The broader macro picture remains uncertain, and global economic headwinds are keeping risk-on sentiment in check.

Yes, a weakening U.S. dollar is generally a tailwind for crypto, and institutional interest is gradually returning. But gains of 3% to 6%—while encouraging—aren’t enough to suggest a complete trend reversal. Until we see higher conviction, more substantial volume, and breakout confirmations above key resistance zones, the market remains in consolidation territory.

17 April

Crypto Bulls vs Bears and What the Binance Delist Means for You

In today’s crypto news, we cover the delisting of cryptos on Binance and reassure you that there is nothing to worry about.

We’ll follow on by looking at Bitcoin’s predicted price trajectory from well-known figures working within the crypto space. We have gathered popular opinions from both bulls and bears to keep the scaled balanced and left our take on the short- and long-term outlook for the overall crypto market.

Binance Delists 14 Cryptos – Nothing to Worry About!

The talk of the last couple of days has been about Binance delisting cryptos. When there is uncertainty in the crypto space and delisting takes place on a major exchange, it generally causes panic amongst newbies to the crypto scene.

Yet, whether you are an investor or a cryptocurrency casino player, there is nothing to worry about. Binance’s decision was based on a comprehensive assessment of several factors, such as low trading volumes and liquidity, concerns over project transparency and ethical behavior​, non-compliance with internal and regulatory standards, and Lack of ongoing development activity and/or community engagement.

BAL, SNT, BADGER, VIDT, BETA, ELF, CREAM, HARD, NULS, PROS, TROY, UFT, CYXC, and VIRO have all been delisted, with none of these coins affecting players in the crypto space. Despite these cryptos being taken off Binance, many of them will continue their projects, and maybe in the future, we will see them return. If we do, then it will be a sign of resilience, and these projects will undoubtedly be worth another look.

What is happening with Bitcoin’s market value?

There are so many theories out there at the moment that it’s challenging to keep up with them all. The bulls and the bears are making sense. The bears are arguing about stagnation or the possibility of another 20% to 30% price correction just around the corner. The bulls are waiting for another big boom, and this time, they feel Bitcoin will go through the roof.

We decided to look at some popular opinions from well-known names in the crypto market.

Bullish Outlook with Three Professionals Predicting a Boom

Here’s what the bulls are saying…

Charles Hoskinson: The founder of Cardano Founder foresees Bitcoin reaching $250,000 by late 2025 or early 2026, driven by Big Tech adoption and regulatory clarity.

Alex Thorn: He projects Bitcoin to surpass $150,000 in the first half of 2025 and potentially reach or exceed $185,000 by year-end, attributing this to broader adoption by institutions, corporations, and countries. ​ ​Alex Thorn is the Managing Director and Head of Firmwide Research at Galaxy Digital, a financial services firm specializing in digital assets, cryptocurrencies, and blockchain technology.

Nic Puckrin: The CEO of Coin Bureau CEO suggests Bitcoin could repeat a 360% breakout pattern from 2017, indicating a potential new all-time high in April 2025. Many analysts popularly back his opinion.

Bearish Outlooks Predicting Correction & Stagnation

Here is what the bears are saying…

Tracy Jin: The Chief Operating Officer at MEXC, warns that Bitcoin could fall to $76,000–$78,000 by late April, with a potential drop to $52,000–$56,000 by summer due to economic pressures and trade tensions. She has over a decade of experience in the fintech industry, so certainly worth listening to her opinion.

Michaël van de Poppe: the creator of MN Trading Consultancy, Cointelegraph contributor, and the leader of cryptocurrency and trading educational platform MN Academy, also predicts Bitcoin will drop further. Despite its latest rally, BTC is now holding at about $85,000; he suggests Bitcoin will head below $70,000 this April. Much like Tracy Jin, Poppe cites macroeconomic uncertainties and trade-policy fears shaking investor confidence.

Aurelie Barthere: Banthere is a senior research analyst at Nansen, a blockchain analytics platform known for its deep on-chain insights and wallet intelligence tools. She highlights that Bitcoin’s price trajectory depends on the unfolding tariff situation, with a worst-case scenario involving a full-blown trade war potentially pushing Bitcoin deeper into bear-market territory.

What is Our Opinion Here at mBitcasino?

When comparing the bulls versus bears, the bears tend to focus on short-term outcomes. However, the bulls appear bullish in the long term. It makes sense as global governments tussle with the new Trump administration.

However, reading in between the lines, it looks like when the dust settles and we know where we are with macroeconomic after economic pressures and trade tensions calm down, the best conclusion we can draw from these expert opinions is that in the long run, Bitcoin’s future price trajectory looks positive.

10 April

Trump’s Tariffs Disturb Global Markets, Crypto-wide Whale Dumps & Fartcoin’s Explosive Rise 

A common occurrence in 2025, President Trump is once again at the center of the biggest crypto story of the week. 

On Monday, April 7, the President announced new trade tariffs that shook global economies and cryptocurrency markets, causing spooked traders to lose confidence and sell off some of their holdings.

Trump, in what is labelled as the biggest disruption to trade since the 1930s, has imposed a 10% universal tariff on all imports to the US and reciprocal tariffs on over 60 countries. The latter face additional tariffs of 20% up to a whopping 104% imposed on China. 

The move sent shockwaves through global markets, triggering a wave of selloffs as jittery traders scrambled to adjust their positions. This time, it wasn’t just equities and cryptos that tumbled. Gold, usually vaunted as about as safe an asset you can get, also fell following the news.

Bitcoin Drops to a 5-Month Low & ETH Loses 6% 

As always, crypto hikes and drops start with Bitcoin. The world’s biggest digital asset dropped to a five-month low, briefly dipping below $75,000 before rebounding slightly to around $78,000. Despite that recovery, Market analysts warn that the dip might not be over just yet, as uncertainty lingers over the full impact of Trump’s trade shake-up.

Ether, the long-standing second-ranked cryptocurrency, also suffered as whales sold off large quantities of the cryptocurrency following Trump’s aggressive tariffs. On Wednesday alone, ETH’s price dropped 6%, marking its lowest intraday level for two years. 

Fake News Costs Traders Millions

To make matters worse for many traders, there was a brief glimmer of hope amid the market turmoil…, but it quickly proved otherwise. 

Reuters posted a report on Monday morning claiming a potential 90-day pause on all the tariffs, except for the 104% imposed on China. Within 30 minutes, the market was buoyant once more, with BTC jumping from $76,000 to over $80,000. ETH and XRP also experienced similar growth, while even major stock indices also moved back into positive territory. 

However, rather than use the original source, Reuters based that story on social media posts that had mischaracterized an interview with White House economic advisor Kevin Hassett. No such claim had been made, and the White House quickly debunked any such pause on tariffs.

As quickly as the markets had risen, they corrected once news spread that the rumours were false. One thing is for sure, we wouldn’t want anyone involved in that publication, as there’s no doubt that some traders would have lost a ton of money. 

Fartcoin Proves ‘That Hot Air Rises’ with 10% Gain

Showcasing how unpredictable the crypto markets are, one meme-inspired altcoin went against the market trend, effectively experiencing the opposite. 

While treasuries, cryptos, and economies began to feel the heat, Fartcoin unexpectedly surged 10% amid the chaos. 

Many analysts questioned how this could happen while everything else was dropping around the altcoin, leading to some hilarious responses from X’s crypto degens. Comments such as “hot air rises” and “finally, a fart that pays” brought some much-needed humor across a couple of depressing days for traders. 

A Light at the End of the Sell-Off

While Trump’s tariff tsunami may have rattled markets across the board, the dust is already starting to settle. Bitcoin is back above $78K, the fake news panic has been contained, and even ETH looks to be clawing its way back up.

And if nothing else, the bizarre rise of Fartcoin serves as a reminder of crypto’s wild, unpredictable spirit. In a market where memes become millionaires and fake news can move billions, one thing remains certain – there’s never a dull moment in crypto.

3 April

USDT Chaos, Bitcoin’s Big Moment, and Wall Street Jitters

This week in crypto was one of the busiest for mainstream news stories covering major exchanges delisting USDT trading pairs, plus stocks, bonds, and gold chatter in the financial world. At the same time, there are also stories out there suggesting there is a possibility of Bitcoin taking over the US Dollar as the world’s dominant currency.

Let’s take a look at three mainstream stories the Mbitcasino crypto team picked up on over the past 7 days.

Binance Delists USDT Pairings For Several Cryptos

The first major piece of news this week has been misinterpreted across many social media channels. A case of misread headlines. Some people are saying that Binance has ended USDT trading in Europe altogether, but in fact, that’s simply not true.

The Facts: You can still trade using BTC, BCH, ETH, LTC, DOGE, XRP and many other cryptos still paired with USDT on Binance and other exchanges.

As per the Crypto-Assets Regulation (MiCA), Binance has delisted spot trading with a large number of non-MiCA-compliant tokens.

Shiba Predator (QOM), Pepe (PEPE), Baby DogeCoin (BABYDOGE), Floki Inu (FLOKI), and BONK are just some of the coins that no longer have USDT pairings. Some of the reasons given for these crypto not being compliant include legal troubles, no EU legal entity, unclear issuer info, and lack of transparency.

Bitcoin Could Overtake the Dollar’s Dominance

Any story that suggests another currency could take the dollar’s dominance is major clickbait and sells newspapers, especially in the US. The BRICS currency was 2024’s trending story, and way back when the Euro came into fruition, that was the topic of the year as another possible threat to the US Dollar’s dominance.

Well, here’s another one – and most crypto investors will likely be rooting for Bitcoin in the BTC Vs USD battle for dominance.

BlackRock’s CEO, Larry Fink, says that if the U.S. doesn’t get its massive national debt under control, people might start trusting Bitcoin more than the U.S. dollar. That’s a big deal because the dollar is currently the most powerful currency in the world. 

As the U.S. keeps borrowing (now over $36 trillion), some investors are turning to Bitcoin as a safer place to store value, especially since no government doesn’t control it. 

Fink also says that tokenization, like turning real-world assets like stocks or property into digital tokens, will make investing faster, cheaper, and easier for everyone. It could allow instant trading 24/7 and unlock money that’s usually tied up in slow banking systems. 

In short, Bitcoin and blockchain tech could be at the center of a huge shift in how the world invests and saves.

BTC’s Safe Haven Test To Earn Its Digital Gold Label

While many of us bulls have already been sold on the digital gold concept, analysts, whom we will call the bears, are still not yet ready to label Bitcoin as digital gold. Some of the latest news correlating with the S&P and Bonds has meant there are still a large number of financial industry insiders on the fence.

Here’s why: 

Liberation Day kicks off a new wave of U.S. tariffs on 25+ countries, sending markets into full risk-off mode. Stocks dumped hard left the S&P 500 down 3.5%, Nasdaq 100 off 5%, while gold continued its upward trajectory to $3,150 while bond yields fell. Investor sentiment is down to similar levels in 2008, confirming to some that the slowdown is already here.

As for Bitcoin, although the bears point out that it has dipped 6%, from a bullish perspective, BTC has held stronger than most risk assets, and it’s also signaling something bigger to come.. While still acting like a tech proxy, which IBIT’s 70% correlation to Nasdaq proves, it means Bitcoin’s long game is playing out. 

On top of all this, Institutions now hold over 1 million BTC, BlackRock’s ETF is creeping into model portfolios, and treasury adoption is growing. The volatility masks it, but Bitcoin’s evolution into a macro reserve asset is accelerating.

27 March

Are Ethereum and Bitcoin on the Verge of a Breakout?

It has been an up-and-down week on the crypto price index. We’ve seen ALT coins drop off the map and others find their way back into bull market territory. 

Solana has seen downwards movement, which many predicted the opposite with the launch of SOL Futures on the Chicago Mercantile Exchange (CME). MOVE, SUI and AAVE, which have appeared in recent bullish crypto news reports, have all seen significant pullbacks.

Conversely, Bitcoin is showing signs of stability despite the prediction of a drop below its current support of $80,000. Most other ALT coins and Memes have also followed a similar pattern, redding with Bitcoin’s seemingly slow but stable recovery after recent price drops.

As for Ethereum, analysts such as CryptoGoos and Merlijn The Trader, who are popularly followed by tens of thousands of crypto enthusiasts have suggested that technical analysis could be showing signs of the end of the ETH bear trap.

Also, it seems the US government is not the only entity looking to use Bitcoin as a reserve as part of its financial strategy. GameStop has announced it will invest in Bitcoin. 

Ethereum Is Showing A Possible Outbreak

Ethereum’s market activity indicates it may be nearing the conclusion of an extended bear trap. Analysts have noted similarities between ETH’s current price movement and a pattern observed in 2020, which preceded a significant upward reversal.

After experiencing a prolonged downtrend, Ethereum has been consolidating around the low $2,000 range. Technical indicators, including a low Relative Strength Index and price action within a crucial demand zone, suggest the potential for a breakout. 

That is if ETH sustains its momentum above $2,000 leading up to the monthly close. The crypto’s recent form has led to many asking the question: Could an Ethereum rally be on the horizon?

Is News of GameStop’s BTC Investment Strategy Helpful To Bitcoin’s Currency Price?

On March 26, GameStop announced its decision to invest in Bitcoin as a treasury reserve asset. This move mirrored strategies employed by companies like MicroStrategy and signaled robust corporate interest in digital assets. 

Many have said the announcement contributed to a broader risk-on sentiment in the market, leading to price increases across various cryptocurrencies. For instance, Bitcoin rose by 2.1%, XRP by 1.9%, and other cryptocurrencies such as Ethereum, Solana, and Cardano also experienced gains.

Why mention GameStop? 

The company stands out a it is famous for its massive rise in stock value after what many believed to be market manipulation when millions of retail investors were encouraged to participate in a short squeeze to fight back against financial institutions trying to put the company into insolvency by taking short positions.

Hedge funds like Melvin Capital needed a $3 billion bailout, while the incident sparked debates about market dynamics, the influence of retail investors, and the ethics of short selling.

What Is Next For Crypto?

It is tough to say. It’s the usual story of bulls versus bears. While Bitcoin’s stability and Ethereum’s potential breakout hint at a positive trajectory, the broader market remains unpredictable. The recent downturn in altcoins like Solana, MOVE, SUI, and AAVE underscores the volatility that still grips the space.

GameStop’s decision to invest in Bitcoin adds an intriguing layer to the market dynamic, reinforcing the growing trend of corporate adoption of digital assets. Whether this move contributes to long-term bullish momentum remains to be seen, but it certainly reflects the shifting perception of Bitcoin as a legitimate treasury asset.

As we head toward the monthly close, all eyes will be on Bitcoin’s ability to hold above key support levels and Ethereum’s potential to break out of its consolidation phase. If momentum continues, we could see a new wave of bullish sentiment, but as history has shown, crypto is anything but predictable.

12 March

ALT Coins Catch Up With Bitcoin’s Crypto Casino Dominance

Altcoin usage in crypto iGaming grew by 60.6% year-over-year in 2024, significantly reducing Bitcoin’s dominance by a 24.6% drop compared to its 2023 dominance.

These new stats come courtesy of a recent report by online casino aggregator SOFTSWISS via the company’s annual ‘State of Crypto’ overview, revealing an interesting trend happening right now in the crypto iGaming arena.

The stats cover 2023 cryptocurrency usage in online casinos versus 2024 in the SOFTSWISS state of crypto report.

Bitcoin 2023 Versus 2024

In 2023, Bitcoin made up 71.1% of crypto iGaming. Yet, 2024 stats show other cryptos such as USDT, LTC, ETH, and DOGE have gained on BTC’s long held market dominance pushing its 2024 usage down to 53.6%. 

The drop off is a decrease of 24.6%. At the same time, it accounts for an absolute decrease in Bitcoin’s crypto market share of 17.5 percentage points, which in turn means ALT coins made an overall absolute increase in crypto casino market share of 17.5 percentage points, which is a combined gain of 60.6%.

USDT Usage Shows 164.44% Gain

In the 2023 report, USDT made up for 4.5% of bets placed at crypto casinos. However, 2024 stats now out show the crypto, which can be used on the TRON (TRC-20) or Ethereum (ERC-20) networks rose to 11.9%.

The increase marks a 164.44% gain on 2023’s USDT stats. With near instant deposit and withdrawal transaction times, and relatively low volatility due to the stablecoin being pegged to the US Dollar, USDT is showing signs of increased popularity throughout 2025.

LTC Crypto Casino Usage Doubles

Players opting to use the Litecoin blockchain network for crypto casino gameplay showed the second largest gain, doubling LTC’s 2023 6.5% market share to 13% in 2024.

ETH Makes A 34.69% Increase in Crypto iGaming Usage

Ethereum has also made gains in popularity within the cryptocurrency iGaming sector. It rose 34.69% from its 2023 9.8% market share to a 2024 crypto casino market share of 13.2%.

DOGE 

Dogecoin also showed a marginal rise in usage in 2024 compared to 2023. The memecoin has been shaky to say the least when it comes to price action and market volatility, but DOGE has long been a popular digital coin in the crypto casino market. 

As a result of its dedicated following, 2024 reports a rise in usage up tp 4.4% from 2023’s 3.1% iGaming market share.

Other Cryptos Fall in Popularity

As for other cryptos in the SOFTSWISS report, these would account for coins like Cardano (ADA), Binance (BNB), Tron (TRX), Bitcoin Cash (BCH), and Ripple (XRP). The overall market share across these cryptos fell from 5% in 2023 to 3.9% marking a 22% overall decline in usage.

What Are The 2025 Trend Predictions?

The iGaming market as a whole is an ever-evolving industry. If you add crypto gaming into the equation, you are looking at one of the fastest moving online industries today! It is also an unpredictable market at times, but we have a few theories of our own.

Bitcoin’s previous market dominance is likely due to the crypto’s widespread accessibility. Also, newcomers to the crypto industry tend to buy Bitcoin before exploring alternative options such as USDT, ETH, LTC, DOGE, and other cryptos.

As the mass adoption of crypto rose over the past decade, early adopters are now exploring alternative investment opportunities or cryptos with faster confirmation times for casino deposits. Hence we believe an increasing number of cryptocurrency casino players are opting to deposit and play using USDT, ETH, LTC, and DOGE. 

We are likely going to see a rise in XRP in 2025 as it has one of the fastest crypto transactions speeds. Plus, one bullish crypto site has earmarked XPT to reach the $22.00 mark by 2028, according a thecryptobasic.com XRP report.

5 March

Bitcoin Drops but Traders Confident $200k Is Coming in 2025

The cryptocurrency market is in the headwinds as price volatility continues to see crypto duck in and out of the $80k and $90k price levels. 

Yet, these swings are not unusual. 

Bitcoin, along with high- to low-cap digital assets, has always been prone to the types of volatile price swings we are seeing now. In the 2017 and 2021 bull runs, Bitcoin saw multiple 20-30% price corrections before heading into new highs, and many believe that is exactly how Bitcoin is behaving now.

For long-term crypto holders, BTC’s steady decline since mid-February is not much of a concern. Although it has been a bumpy journey, we did see some price action over the weekend, which saw Bitcoin rise back into the $90k+ territory. 

Many other popular cryptos, such as Ethereum, Ripple’s XRP, Binance BNB, and Solana, have followed bitcoin’s recent up and down swings, putting bulls and bears on red alert.

Factors Influencing Bitcoin’s Volatility

Several factors are influencing the volatile ripples in the crypto market right now, most of which are originating from the USA. Last year, we witnessed a surge in Bitcoin ETFs approved by the SEC, and more recently, Trump has been making various announcements to follow up on his promise to shift the Biden administration’s anti-crypto stance. According to Trump, the goal is to ‘make America the capital of cryptocurrency.’

Trump Becomes US President

Trump winning the presidency in the US was the undeniable catalyst behind crypto’s recent price action breaking through its 2024 $70,000 resistance price mark and hitting new highs of $106,147.

The president-elect was quick to make good on his promise to kickstart a new era in cryptocurrency history by pardoning Silk Road creator Ross Ulbricht and influencing the SEC to drop its long-running investigation into Coinbase. He also signed an executive order to get the ball rolling via the formation of a working group dedicated to digital asset management in the US.

Trump Announces Crypto American Reserve

This week the US president has officially announced that the US will hold Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) as part of its strategic crypto reserve strategy.

The Trump Bump

Most investors thought the news would spark a major rally with some predicting Trump’s announcement as the catalyst to ignite the 2024 to 2025 bull run. There was a quick jump in price from this month’s low of $85,199 to $94,598, the highest price we’ve seen BTC since 25 February, which Yahoo Finance’s Jared Blikreb called the ‘Trump Bump’.

Bitcoin Reversing the Trump Bump

Despite Bitcoin and other crypto price increases, the aptly named ‘Trump Bump’ has so far been short-lived as Bitcoin prices spilled over into a new cycle declining below $82,000. Some speculators are suggesting that we can expect further Bitcoin dumps and decline, likely to head all the way down to the $70,000 mark before making a U-turn.

Despite the current downward trend, bulls remain optimistic citing previous crypto bull runs that have displayed similar down trends before rising back up into record-breaking territory.

Josh Lipton joined Jared Blikreb on the Yahoo discussion. He agreed with Blikreb’s technical analysis, which indicates the next price level to look out for on the crypto market is $70,000, which they suggest is the next value buy level and point of resistance for the crypto.

What’s the Current Outlook

Many analysts predict BTC could hit $200K in this cycle, citing:

• Institutional demand via ETFs
• Post-halving supply shock
• Increasing global adoption
• US monetary policy shifts

As in the introduction of our latest crypto news, the current volatility is not unusual activity for the crypto market, and seasoned crypto investors will already be on the lookout for a possible value buy should Bitcoin fall into $70,000 territory. 

The key strategy is to buy low, hold, and to use past analysis, which strongly suggests Bitcoin could end the year worth close to or above $200,000.

26 February

It wasn’t difficult to find some big news to talk about in the crypto sphere this week, as there’s a huge story dominating the newswires. The Bybit cryptocurrency exchange fell victim to what is believed to be the biggest digital currency heist of all time.

Hackers were able to transfer over $1.5bn worth of Ethereum from the Dubai-based platform to an unknown wallet. The site is now calling on the world’s brightest minds on cybersecurity and cryptocurrency to try and track the money and retrieve it.

Bybit Reassures its Customers

The platform, which has over 60 million users, has attempted to reassure customers who are rightly concerned about their crypto holdings. Bybit reveals there has been a surge in withdrawal requests since the incident, which is understandable. 

Ben Zhou, the co-founder and current chief executive, took to social media to state that all customer’s funds were safe and that anyone affected would receive a full refund. He claims the site is still solvent and not under financial threat even if the stolen funds are never returned. 

Ethereum Price Initially Drops But Soon Recovers

The hacking, which apparently occurred when Bybit was performing an Ethereum transfer from a cold wallet to a warm wallet, understandably affected the crypto’s market price. In the hours after the heist, Ethereum’s price dropped 4%, although that has now recovered. 

As for the hunt for the perpetrators, the platform is calling for all experts to help and has even offered a huge reward if any funds are retrieved due to information received. That reward is 10% of the money returned, meaning up to $150 million is on the table if all money is recouped. 

It is unclear who the attackers were, but there have been rumors abound that it could have been hacking groups from North Korea who have previous for large-scale digital heists. The Lazarous Group, for example, once stole over $600 million of Ether tokens and USDT from the Ronin crypto project back in 2022.

Stay Safe!

We cannot reiterate enough the importance of keeping your crypto portfolios safe. Hackers will always target exchanges and other places where they can steal large amounts of digital currency. That is why we always recommend you use cold (offline) wallets to store your holdings. If possible, keep them out of warm wallets at exchanges.  

We hope that Bybit sticks to its word and repays those affected, but $1.5bn is quite the hit, no matter how big the exchange is. They do say they can cover it whether through their own money or loans from partners, so let’s hope that is the case.

18 February

Argentina’s President Charged with Fraud After Promoting Crypto

What is it with presidents and cryptocurrencies these days? We’ve had Trump releasing his own meme coin, and now we have the Argentinian President in hot water for what some are alleging could have been a crypto rug pull.

Javier Milei, the current president of Argentina, is facing fraud charges after praising the $LIBRA token via a post on X before deleting it just a few hours later. The initial post led to the token booming, but it crashed several hours after he removed the post. This led to hundreds of investors losing significant sums of money. 

The post, when translated from Spanish, read, “The world wants to invest in Argentina. $LIBRA,” He followed that by declaring the crypto was designed to stimulate economic growth in Argentina through the support of early-stage businesses and startups. 

His post led to a dramatic increase in the value of $LIBRA, which gained a market cap of over $4.5 billion. Several hours later, Milei then deleted his post, and within a few more hours, the crypto crashed with it losing around 95% of its value. 

That left many investors out of pocket and feeling duped. Many of the investors claimed they only invested in the token on the back of the President’s word. He is now facing an investigation, fraud charges, and 112 individual suits from investors who are holding him financially accountable.

Some have even suggested he may have been part of what is known as a rug pull, which is basically a crypto scam. Developers generate an artificial value of a token before selling off their holdings and leaving it worthless.

Millei claims he has nothing to do with the $LIBRA token and says he removed his post after learning more about the project. His statement read, “I was not aware of the details of the project, and after getting informed, I decided not to continue promoting it (which is why I deleted the tweet),”. He also apologized and called for an investigation into the project. 

The project was obviously a scam; the question now is just how much the President knew about it. It’s either a misinformed post or something much deeper than that on his part. Many investors have lost a lot of money following his actions, so this is a story that could rumble on for quite a bit longer.

12 February

Lost Bitcoin $770m Hard Drive Saga Continues – Owner Wants to Purchase Landfill Site

It’s the story that doesn’t want to go away, and we now have yet another update.

The former Bitcoin miner who lost an estimated $770 million worth of Bitcoin isn’t giving up. 

To be honest, we’re not sure we blame him! We’ve all lost money or items with varying monetary value. However, we’re talking not far short of a billion dollars here. 

He now wants to purchase the landfill where the hard drive containing the huge amounts of BTC is believed to be.

The story so far…

If you haven’t been following, you can check our previous reports on the story by scrolling down. For those that would rather see a quick summary here, then here we go. 

James Howells was an early adopter of Bitcoin dating back to 2009. He was drawn to the cryptocurrency during the financial crisis and mined a staggering 8,000 bitcoins. Back then, BTC was worth just a few dollars (oh, how we all wish we got in on it then!).

The crypto was left on a hard drive in his desk drawer until 2013, when he decided to update his computer and have a clean-out. His wife accidentally threw out the hard drive, and nothing was thought of it until years later when the cryptocurrency really started to explode in value. That has to be the most expensive computer upgrade ever recorded! 

Since then, he has been on a mission to retrieve the hard drive from the landfill, which is estimated to have over 100,000 tonnes of garbage thrown on top since the day the hard drive was lost. 

He has requested permission to search for the hard drive and even excavate it at his own cost. He even pledged to give the local government 10% of the value of the stored Bitcoin. All requests have been refused, with reasons citing environmental and logistical concerns.

That led to Howells attempting and failing to sue the local government in Newport, Wales, for close to $650 million. The case was thrown out (ironic) due to the law stating the device instantly became the property of Newport the moment it entered the landfill. 

And now…

Howells has since learned there is a chance the hard drive could be lost forever. Originally told of how shutting down the landfill would cause massive environmental and logistical concerns, it seems the local government plans to shut it down anyway. 

There are plans to turn the site into a solar farm, with the closure of the landfill penned in for 2026. 

This news has driven Howells to pursue another plan of action: purchasing the land outright. He’s allegedly spoken to investment partners and is confident that this could be his chance to get his many millions worth of Bitcoin back.

We’re not so sure his confidence is rightly placed, as we think there are still a few more twists and turns to come from this saga!

4 February

Trump’s Potential Trade Wars Rattle Crypto Markets

The Trump effect is in full effect once more, with the crypto markets seemingly reacting to every decision he makes. From creating bullish trends due to his stance on cryptocurrencies and a newly signed pro-crypto executive order to launching his own meme coin, market confidence has been unparalleled…until now. 

Trump has now had the reverse effect, with the crypto markets and newswires rattled by decisions to place new tariffs on imports from Canada, Mexico, and, in particular, China. As a result, BTC has fallen 6% in the last 5 days to $98,388.58, while other major tokens such as Ethereum and Solana also losing ground. 

China Trade Tariffs the Major Concern

Things took an initial dive following the news that Trump had placed new 25% tariffs on imports from Canada and Mexico, with the former retaliating with new tariffs of its own. Fears of a trade war and the resulting increased prices for consumers left investors worried. 

However, market recoveries began following the news of that a temporary agreement would put back those tariffs on Canada and Mexico by another month. 

The restbite proved shortlived, with news of 10% tariffs on Chinese imports going into immediate effect. Market tensions increased further when, as expected, China imposed tariffs of their own as a retaliatory action. As we’ve since found out, few things spark renewed selling pressure in the crypto markets, like economic friction between the world’s two largest economies.

China’s rebuke was to impose their own 10% tariffs on select imports from the US, with oil and liquified gas being the most significant. 

Investor confidence has since tumbled with the news signaling the start of a $235 million sell-off of major cryptocurrencies across major exchanges. 

Bitcoins Long-Term Outlook Still Remains Bullish

The trade tension was always likely to filter down to the crypto markets, but analysts still believe the long-term for BTC remains positive. Many have predicted the cryptocurrency could eclipse the $180,000 mark later in the year, with others going as far as to say $200,000 is a real possibility. 

That said, with the President’s actions having such an impact on the crypto markets and Trump being just as volatile as cryptocurrencies themselves, there could be rockier times ahead. Not just for holders of BTC, either, with many major altcoins suffering even more recently, some to the tune of 10% off their value.

30 January

Bitcoin Climbs Back Above $100k Following DeepSeek AI’s Arrival

Heard about the DeepSeek AI app that has turned the app world upside down? Yeah, just about everyone has. Well, apart from the tiny Chinese company developing an AI chatbot at the level of ChatGPT-o1 for a fraction of the cost, it has sent US tech stock prices tumbling and even had an effect on the crypto markets.

The DeepSeek App, which has become the most downloaded free-to-use app on both the iOS and Google Play stores, has sparked concerns about the overvaluation of U.S. tech stocks. Despite no direct correlation with cryptocurrencies, the crypto markets have also felt the impact.

On Monday, Bitcoin and smaller cryptocurrencies such as Solana, Ripple, and Dogecoin all saw their values drop significantly. BTC actually fell below $100,000 for the first time since President Trump officially became…President Trump. 

Crypto’s Show Recovery Not Long After Dropping Value

Fortunately, as we and you know, there’s never any need to worry in the crypto world. A new day began, and so did the recovery. At 7:30 a.m. UTC, Bitcoin was valued at a ‘paltry’ $98,118, but within eight hours, it had recovered 2.6% to reach a value of $102,128. While not a full recovery, many are confident the long-term upward trend of Bitcoin is still well on track.

Many other cryptos also saw similar recoveries, with Cardano rising 5.9% and Ethereum climbing 2.4%, just to mention a few.  

The same cannot be said for the valuations of Nvidia, Meta, and Google among many other tech giants – DeepSeek AI essentially caused their combined valuations to drop over $1 trillion.  

What’s the Fuss About DeepSeek?

In short, people are worried that the leading U.S. tech firms are not what they’re cracked up to be. DeepSeek allegedly costs a fraction of the time and money to develop compared to rival AI platforms and is also run using far inferior Nvidea chipsets.

On top of this, the app is free to use and is meant to offer a chatbot that on par with ChatGPT-o1, which is only available to users who stump up a $20 monthly subscription. 

It is quite the feat if everything we’re hearing is true, but it also a poke in the eye to some of the tech giants who are certainly beginning to feel the heat in the finanical markets!

We’re not worried about it though, are we? Bitcoin and the rest are bouncing back – that’s the important news!

21 January

Melania Trumps Husband Donald With $Melania Meme Coin

It seems all might not be well in the Trump household, with Donald getting trumped by his wife Melanie just a day after launching his $Trump meme token. The first lady launched her very own $Melania token, which immediately caused $Trump to lose close to half its valuation.

Previously valued at $75, the President’s token dropped to $45 on the day of the $Melania launch. Still, that fallout began to stabilize the next day, with its price increasing to $57. Just a dip, then, it would seem.

You’d have to imagine so, considering $Trump has gained a market capitalization of $11.5 billion in the few days since its launch. $Melania is trailing well behind with $1.6 billion.

Bitcoin Reaches New High

As for Bitcoin, let’s face it; when there are crypto price records to be broken, it’s going to be Bitcoin. That proved the case once again on Monday this week (20th of January), as the world’s highest market cap crypto reached its highest-ever valuation, this time of $109,000.

It was an impressive rise in value with a 10% hike. This is also a considerable rise above last week’s pessimistic price when BTC was in a reverse pattern, falling to $90,692. The latest increase occurred within eight hours, something that is unprecedented in the cryptocurrency industry. 

Many have contributed to the rise to the presidential inauguration of the USA’s pro-crypto president, Donald Trump—his replacement of Joe Biden, who is known to have had an anti-crypto stance, has resulted in a more bullish overall crypto market.

Furthermore, reports suggest the new President will release an executive order to make cryptocurrency a national priority. With this news circulating the crypto newswires, you’d expect crypto enthusiasts to start buying. 

Coinbase Intros Crypto Loans

To round up this week’s news, Coinbase, one of the world’s biggest cryptocurrency exchanges, has added a new feature to its app. If you have enough Bitcoin as collateral, you can take out a loan worth up to $100,000 in USDC. 

The benefit of using your Bitcoin as collateral is that you can raise money without having to worry about taxes. Furthermore, unlike fiats, these crypto loans are not linked to a credit score. Instead, the amount you can borrow is directly linked to how much Bitcoin is in your portfolio.

So, what do you think about this week’s latest mBitcaisno crypto news? Is the Trump meme coin frenzy going to continue going parabolic? Is Bitcoin still at a price worth investing in? Or how does a tax-free loan against your Bitcoin sound? 

17 December

“Digital Gold?” U.S. Treasury Q4 Report Makes a Bold Characterization

One of the key considerations of any investor is dealing with the effect of inflation. Many would be content to leave their money in the bank and take no investment risk. But, inflation means that if money sits still, it’s losing value. Depending on where you are, this effect could reduce your holdings by a few percent a year. In bad times, it could be much worse. Inflation slowly erodes our money’s value. Every dollar (or euro) you save is worth less over time.

So, people invest. They hedge. They often buy gold as a store of value. It might survive any market catastrophe, even a collapse. Shiny metals, like silver and platinum, are always precious. They are valued even in the worst of times. But is there such a thing as digital gold? Could a cryptocurrency work like gold as a hedge against inflation and other risks?

The U.S. Treasury TBAC seems to think so.

In a Q4 presentation by the Treasury Borrowing Advisory Committee, Bitcoin was referred to as “digital gold.”

This view is largely due to the activity around stablecoins. These are cryptocurrencies pegged to a fiat currency, like the dollar, to avoid price volatility. Interestingly, stablecoins are now being increasingly backed by short-term Treasuries. This links this “digital gold” to traditional financial markets. The reliance on Treasuries creates demand for cryptocoins. It reinforces their role as a rising cornerstone of global finance.

As crypto offerings prove to be digital gold, their value will likely affect Treasuries. This shift may change safe-haven strategies for investors fleeing volatility. It could also spark innovations in financial infrastructure. People see USDT as a secure alternative to many asset classes.

A new form of gold? What CAN’T crypto do?

9 December

Lost Bitcoin Hard Drive Worth Over $770M Thrown Out By Wife

There’s always another twist or turn in this saga, isn’t there? 

Let’s recap for those who haven’t been following.

James Howells is a Welsh IT engineer who mined Bitcoin back in 2009, when the price of a single token was tallied up in cents, not tens of thousands of dollars. He stored the cryptocurrency on a hard drive, and there it sat in his house as the years passed by, and the value of BTC climbed into dollars and then hundreds of dollars (this once was almost unthinkable, if you can believe that).

Eventually, it was time for spring cleaning, and Howells’s (now-ex) wife, Halfina Eddy-Evans, was tasked with cleaning up some old electronics. According to her, he “begged” her to throw out unwanted articles, which included the hard drive with the precious Bitcoin. The drive ended up in a Welsh landfill, unremembered until Bitcoin’s value skyrocketed years later. As time passed on and Bitcoin became more valuable, it finally struck Howells: his thrown out hard drive was worth millions. In fact, at today’s prices, it is worth over $770M! There’s just one problem…

It’s hidden in a landfill somewhere, sitting there like the Holy Grail, with nary a soul able to find it.

Since realizing the hard drive’s value, Howells has been on a relentless mission to retrieve it. He has even appealed to his local Newport City Council for permission to excavate the landfill. The government has not been moved by his requests, citing environmental and logistical concerns. The project would involve sifting through over 100K tons of garbage! This is despite Howells’s offers to fund the excavation privately and donate 10% of the recovered fortune to the council.

Howells has since filed a lawsuit against Newport City Council, seeking damages of around $647 million for denying his excavation plans. Despite the legal and environmental hurdles, he remains determined to recover the lost Bitcoin. Will the saga ever end? Possibly not. Put yourself in his place. Could you think of anything else as you hit the pillow each night? It would be nearly impossible to truly let go.

Offline cold wallets are cool and quite secure, but this would never happen with an online hot wallet. Just saying…

2 December

So Close! Bitcoin Nearly Hits $100K

The past month has been absolutely insane for Bitcoin. On October 25^th, it was sitting around $66K or so. Now, 30 days later, the price is over $98K – an all-time record high. The price has increased about 150% in 30 short days, on the heels of U.S. election results and a tremendous amount of hype around the future of cryptocurrency in general.

However, we’re not at $100K yet. In fact, as many people saw the big milestone approaching, they decided this was the perfect time to liquidate holdings and bank some gains. The selloff really cooled things down for a moment.

Sales amounted to over $470 million for leading tracked coins and other holdings market wide. For Bitcoin, it was one of the largest weekend liquidation events in more than six months. CoinGlass data showed that $352.6 million of the liquidations were long positions, with $119.9 million in shorts. So, the majority of these investors are believers in increased value. It should go without saying for anyone viewing these charts, but now is a very, very bad time to be betting against the market.

What Other Coins Were In the Mix?

Bitcoin and Ether were the largest chunks of the liquidations, totaling $108.9 million. Altcoins made famous in the 2020-2021 cycle, however, including Dogecoin, XRP, and Stellar (XLM), also saw disproportionate liquidation volumes at $33.1 million, $27.6 million, and $21.6 million, respectively. Other notable altcoins, such as Solana (SOL), The Sandbox (SAND), Polkadot (DOT), and Cardano (ADA), followed suit, showing considerable liquidation activity.

The prices are too high to resist, essentially, especially for altcoins that can be sleepy. For example, Stellar rose around 50%. And the unforgettable DOGE achieved its highest price since May 2021, a period when the memecoin was at its most meme-worthy since inception. Some industry analysts attributed the altcoin rally to traders from the previous cycle reopening their wallets and reinvesting in familiar tokens. You buy what you know, right? Others suggested that these tokens are trading below fair value in a market that can be polarized between Bitcoin (gargantuan values) and memecoins (bargain basement penny stocks of the crypto world).

Whatever you do, don’t bet against the line right now. Many crypto rockets seem to be aimed directly at the MOON.

25th November

What Will Crypto Donor “Whales” Want from a New U.S. Federal Government?

Anyone who was watching the media surrounding the recent U.S. elections probably noticed an uptick in the number of ads targeted at cryptocurrency issues – and to politicians making statements about the crypto industry. This is due in large part to the massive sums of money spent by wealthy crypto investors and platform promoters who are hoping to establish a more favorable relationship with legislators, executives, and the government’s various agencies going forward as a new administration comes into power.

How Much Did Big Crypto Donors Spend?

The final tally sits somewhere north of $130 million. Much was spent through super PACs to support pro-crypto candidates. Billionaires with crypto stakes also contributed to organizations working on Donald Trump’s presidential bid. Crypto PACs, including Fairshake and others, focused on supporting candidates through non-crypto-related ads to influence voters subtly. The industry’s political clout was highlighted by campaign efforts against figures like Katie Porter and for candidates like Bernie Moreno. 

What Did They Achieve? What Do They Want?

Crypto groups now can say that around 274 members of the U.S. House of Representatives are “pro crypto,” as are around 20 Senate members. Industry leaders are hoping for regulatory changes from this group, but also replacement of personnel they view as opposed to crypto, like SEC Chair Gary Gensler. They want legislators to pass laws to integrate crypto more fully into the U.S. financial system.

Donald Trump, in particular, is taking a more pro-crypto stance that marks a shift from earlier skepticism. Who will he tap to promote crypto-favorable policies? At the moment, key candidates for the SEC chair position include former commissioners Dan Gallagher and Paul Atkins. Trump’s crypto interest also extends to ventures like World Liberty Financial, signaling potential conflicts of interest given his influence over regulatory appointments. 

How do we know these individual picks are on the crypto side of things? 

Well, in September 2024, Gallagher testified before the U.S. House Financial Services Subcommittee on Digital Assets. There, he criticized the SEC’s handling of digital asset regulation. He stated that the SEC’s “regulation by enforcement” approach fosters “innovation-killing federal regulatory uncertainty,” which negatively impacts American consumers and the U.S.’s competitive position in digital asset markets.

As for Mr. Atkins, he has previously commented on the SEC’s proposed cryptocurrency accounting standards, suggesting that the Commission needs to update its regulations concerning the custody of digital assets. He advocated for clear guidelines rather than relying on staff accounting bulletins.

Exact policy remains to be seen, but crypto investors can expect a more friendly approach from officials in Washington, D.C. With major financial backing from firms like Andreessen Horowitz and platforms like Coinbase, the crypto industry is positioned for long-term political influence. Leaders emphasize a need for consistent investment and legislative engagement to secure favorable conditions for their growing market. Critics, however, warn of the risks posed by such concentrated lobbying power on regulatory outcomes and consumer protections.

14th November

Bitcoin Hits a New All-Time High

Bitcoin and a number of other cryptocurrencies are riding high after a huge price increase in the wake of the U.S. elections. The value of a single Bitcoin hit over $90,000, a high that has never before been seen. Earlier this year, Bitcoin was flirting with the $70K mark, but the last time it was climbing to anywhere near vicinity (before this year) was 2021.

Could $100K be possible? Once upon a time, even $1 was thought crazy, as were $10, $100, and $1,000, each in turn. By the time Bitcoin hit $10K, investors knew that it was time to throw certain assumptions out the window. 

The surge of optimism has hit other digital currencies as well:

• Ether is up 2% (after experiencing a 30% increase over the past week), bringing its value back above $3,000. 
• Cardano’s DeFi token is up by 1.7%
• Dogecoin continued its climb, increasing by nearly 8% 
• In the equity markets, Coinbase’s shares rose 15%, and MicroStrategy went up 12%.

What’s the Cause of the Surge?

Unless you’ve been living under a very, very large rock, you know that Donald Trump just won the U.S. presidential election. He has been quite positive about the prospects for crypto in his upcoming administration in 2025. In fact, he has pledged to make the U.S. a global hub for crypto. His campaign pitches included support for mining all bitcoin within the country and creating a more favorable regulatory landscape. And while Trump lacks the power to directly oust U.S. Securities and Exchange Commission Chairman Gary Gensler, he vowed to challenge Gensler’s stringent regulatory stance on crypto.

Will Positive Projections Come True, or Are We Overhyped?

Analysts predict that a crypto-friendly approach in a new administration could provide regulatory clarity and boost investment flows into digital assets. Citi strategist David Glass noted that crypto has become a strong “Trump trade,” pointing out significant investment in spot Bitcoin and Ethereum ETFs in the days following the election. These inflows, totaling $2.01 billion for Bitcoin and $132 million for Ethereum, reflect some serious investor optimism.

Bitcoin is projected to continue climbing, with some analysts suggesting it may reach the $100,000 milestone by the end of the year. The overall sentiment quite clearly shows that the market is expecting a transformative regulatory shift favoring digital assets. 

What will actually happen is anyone’s guess. 

4th November

Big Token Unlocks Ahead for Celestia and Other Cryptocurrencies

Big token unlocks are coming, and the projected effects are causing some investors to gird themselves for volatility. Token unlocks mean an increase in the available supply of a given cryptocurrency, and this can lead to heightened transaction activity and price movement.

Let’s hit the basics first before we get into the specifics of the upcoming unlocks.

What Technically Happens in a Token Unlock? Who Gets Them?

A crypto token unlock is actually a scheduled event that is known about long beforehand (thus, we can write up news articles like this about unlocks that are on the horizon). Tokens that need to be unlocked have already been created but have been set aside for certain groups and are not available for trading. 

These tokens are usually reserved for the project team members, early investors, and other advisors of a given cryptocurrency project. Tokens are essentially a reward for long-term employees and managers, functioning a lot like stock options vesting in a traditional corporation. When tokens unlock, recipients can choose to sell or hold, and this is where the impact on token price comes from. 

What Unlocks Are Coming Up?

In the near term, there’s going to be around $1.5 billion worth of assets entering circulation across several popular crypto platforms. 

• Celestia (TIA) will unlock 180 million tokens, which is around 20% of its total supply. 
• Sui (SUI) will see a release of 64.2 million tokens, amounting to around 5% of its supply. 
• Solana (SOL) will gradually unlock certain quantities of tokens and just unlocked about $75M worth in October 2024.
• Smaller tokens like MEME, ZETA, and Worldcoin also have scheduled unlocks.

What Is the Usual Impact of a Token Unlock?

A token unlock increases the circulating supply of a cryptocurrency, which can create short-term selling pressure. People who have been waiting for their tokens to become liquid can quickly take advantage of their newfound capability. That is, the influx of coins and related sales can reduce the token’s price, especially if demand doesn’t rise along with it. 

However, the impact varies by project. For all we know, some of the holders may simply sit tight and wait for future price growth to increase the value of their investments. This is especially likely if the project has long-term potential or strong community loyalty. A well-anticipated unlock can also be fairly boring if traders have already factored it into the market long ago.

No Unlocks for Bitcoin

Bitcoin doesn’t have “token unlocks” in the way many other cryptocurrencies do since it wasn’t designed with locked or vested tokens. However, similar events – such as large holdings being sold by early miners, major investors, or other custodial services – can affect Bitcoin’s price. Typically, when a substantial amount of Bitcoin is introduced into the market, it can create downward pressure, though Bitcoin’s deep liquidity often absorbs these events better than smaller tokens. 

Bitcoin has experienced “splits,” however, technically known as “hard forks,” which create new cryptocurrencies from Bitcoin’s original code but with modified rules. Two well-known examples are the creation of Bitcoin Cash (BCH) in 2017 and Bitcoin SV (BSV) in 2018. These forks created separate chains, each with its own tokens, while Bitcoin itself continued unaffected. Unlike token unlocks, these events didn’t directly increase Bitcoin’s supply but instead resulted in new, separate assets.

What’s the Bottom Line?

For the coins in question on the upcoming unlocks, the market is likely to see some trading shifts. How drastic they will be is anyone’s guess. If you’re holding any of those coins, you can get out now rather than ride the waves. Or, you can buy in, hoping that increased supply and liquidity serve the long-term health of the platform. 

Do your homework, and good luck to all our crypto fanatics and investors out there.

31st October

Business payments platform Stripe has just paid $1.1 billion to acquire Bridge, a company that facilitates customer payments in stablecoins.  The move is the biggest crypto company acquisition ever. It signals a major investment in bringing crypto tech into consumers’ daily lives everywhere.

Who or What Is Stripe?

Stripe is a widely used platform that enables businesses to accept payments online, via mobile apps, and in person through a variety of methods. It can be used by major global publications to enable subscription payments, but also a retailer in your own hometown might use it to allow customers to make easier purchases. Amazon, Wayfair, DoorDash, and Shopify are all partners of Stripe and/or accept payments using the company’s technology.

Why Did Stripe Buy Bridge?

Stripe already offered global payment capabilities, supporting multiple currencies and payment methods, but this acquisition takes things into the future in a big way. Now, with Bridge software, businesses could open up the ability for customers to pay in stablecoins. Imagine using your USDT to buy a coffee and a breakfast sandwich at your favorite café. Wouldn’t that be neat? That might be the kind of thing Stripe is going for. 

Of course, given their global reach, they’re making a much larger play than just giving “Main Street, USA” a fun new payment option. This is a major move to bring cryptocurrencies as a whole into closer integration with a wide variety of purchases online and off.

What Will Be the Impact?

It stands to reason that not only will this make purchasing more convenient for a ton of crypto investors, but will also bolster the value of crypto itself. Every time a company makes a big bet on the future of crypto and tries to integrate it more closely with the way companies actually operate, we all win as crypto coin holders. Crypto as an investment class is neat, but crypto as a practical store of value that can easily be exchanged for goods and services is a large part of the vision that many users and developers have been dreaming of for ages.

25th October

The U.S. Dollar Gone Digital? Financial Leaders are Promoting Futuristic Plans 

If you’ve never heard the phrase “digitizing the dollar,” chances are you will soon be hearing quite a lot about it. The proposal is the subject of high-level discussions among financial leaders like BlackRock’s Larry Fink, who issued some intriguing statements recently. As major projects such as this gain steam, the crypto markets could see massive increases in attention and adoption. But there are major roadblocks to deal with along the way.

First, let’s cover the basics.

What is “digitizing the dollar?”

While cryptocurrency was originally conceived of as a way to decentralize money, digitization of fiat currency can be thought of as a way to recentralize it. A digitized dollar would be managed by a central banking authority (like the U.S. Federal Reserve). Instead of physical bills and bank accounts, it would be traded digitally, much like crypto is.

Why digitize the dollar?

The major benefit would be efficiency of exchange, as physical cash would not need to change hands. The downsides, of course, would be giving control back to centralized authorities and enabling them to closely monitor user transactions, both of which are foundational issues that cryptocurrency has sought for years to avoid. The personal freedom, privacy, and autonomy of crypto have long been a huge part of why users adopted it in the first place.

Is there reason to think the effort would be a success?

Larry Fink, CEO of BlackRock, has been quite active in promoting crypto, especially through his company’s Bitcoin exchange-traded fund. He points to the success of digital currency initiatives in India and Brazil and has predicted that similar developments could shape the future of digital finance in the U.S. While the potential digitization of the dollar raises privacy concerns and regulatory questions, Fink still believes it will become a major topic of discussion moving forward.

And, as an aside for Bitcoin bulls in the readership, efforts like these could play a part in reaching Michael Saylor’s projection of Bitcoin reaching a $100 trillion market cap (it is currently around $1.28T). It’s a serious target, believe it or not, as large institutional players like BlackRock help promote greater and greater crypto adoption. Fink’s outlook suggests that, with AI and improved analytics, Bitcoin and Ethereum could also play pivotal roles in a digitally transformed financial system.

So, what do you think? Does the dollar going digital fly in the face of everything crypto founders stood for, or is it an evolving piece of the puzzle that will take global financial networks to the next level?

14th October

Bitcoin just pulled off something no one saw coming—it had its best September in 11 years, posting a solid gain of over 7%. Traditionally, September has been a rough month for Bitcoin (nicknamed “Septembear” for a reason), but 2024 decided to flip the script before “Uptober.” The last time Bitcoin had a September this good was way back in 2013, and now crypto traders and investors are fairly excited to ride the rocket to the moon for the rest of the year.

Beating the September Slump

If you look at monthly breakdowns, it’s obvious that September usually isn’t Bitcoin’s month. Historically, cryptocurrency has taken a hit around this time of year, often sinking into the red due to market pessimism, profit-taking, and sometimes just bad luck. But this time around, things are a bit different. 

What’s behind this shift? For starters, institutional interest in Bitcoin has been heating up. Big players in the finance world are starting to take cryptocurrency more seriously, and that’s translating into bigger investments. Perhaps the Federal Reserve’s 50 basis point cut and the general market rally also have something to do with it? Whatever the reason, the rally has definitely surprised many investors (in a good way). 

ETF Buzz and Big Money Moves

One of the biggest reasons for Bitcoin’s strong September is the growing excitement around more Bitcoin exchange-traded funds (ETFs) in the U.S. Efforts by, in this case, BlackRock, continue to make Bitcoin more accessible to traditional investors. This has added to the bullish vibes.

On top of that, Bitcoin has been holding its ground pretty well compared to other risky assets during recent market fluctuations. As traditional markets stay rocky, more investors are turning to Bitcoin as a kind of safe haven. This adds to the buying pressure.

What’s Next?

With Bitcoin wrapping up a killer September, everyone’s wondering what’s next. The momentum could keep going, but as anyone in the crypto world knows, things can change fast. While the outlook is looking brighter than usual, it’s probably smart to keep an eye on the market and stay ready for whatever happens next.

7th October

What is Tokenization and Why Major Financial Firms Are Betting Billions on It

In the crypto world, many parties are often playing catchup. And this can include traditional giants like banks and investment firms. A new technology may be eyed skeptically or even vilified, but then, as it grows in popularity, it becomes undeniable. Even the industry’s “big boys” will then adopt it. 

One of these generalized crypto technologies is known as “tokenization.”

Tokenization is a way of converting real-world assets or rights into digital tokens on a blockchain. These tokens represent ownership or a stake in the underlying asset. This can be done for real estate, stocks, bonds, commodities, or even intellectual property. By tokenizing assets, it becomes easier to transfer, trade, and manage them in a way that gains the advantages of crypto platforms. The trading becomes decentralized and potentially more secure.

 BlackRock, a major global investment firm with trillions under management, is making waves in tokenization this year. It’s using its USD Institutional Digital Liquidity Fund to back a new stablecoin, UStb. Crypto investors may already know USDT (Tether), which serves a similar purpose. UStb is another key move in tokenized finance, allowing traditional assets like U.S. Treasuries to be digitized through the Securitize platform and integrated into the crypto world.

Old meets new, essentially.

 Earlier this year, BlackRock invested $47 million in Securitize. This shows its belief in the long-term potential of crypto and tokenized assets. BlackRock CEO Larry Fink’s view on Bitcoin has also evolved. Once a strong critic of cryptocurrency, Fink now calls Bitcoin “digital gold” and a valid financial tool. Shifting views and increased support from big market players have boosted Bitcoin and other crypto values this year. The excitement around BlackRock’s Bitcoin exchange-traded fund (IBIT) shows the connection between industry giants and crypto’s steady rise.

The value of tokenized assets is nearing $120 billion, with Ethereum accounting for 58% of the market. The potential for growth is huge. Boston Consulting Group estimates tokenized assets could reach $16 trillion by 2030. The World Economic Forum suggests that 10% of global GDP could be affected by tokenization.

In the future, crypto might evolve beyond just being a medium of exchange. It could become a primary ledger for recording ownership of almost any asset.

30 September

A Trading Card Pull Worth Over $60K in Crypto?

Many people have felt the exciting rush of opening a pack of trading cards. As you shuffle through the deck, the possibility of finding a super rare card is an electric thrill, a lot like what you’ll find in our casino.

But a $60,000+ pull? That’s something truly off the charts.

That’s exactly what a GameStop customer and Redditor recently found in a pack of Cardsmiths Currency Series 1 trading cards. The packs are quite pricey, and this one cost $33. The cards are not a new issue. In fact, they were launched in 2022. The packs are full of cards with cryptocurrency influencers, memes, and randomly inserted redemption codes for Bitcoin, Ethereum, Litecoin, and Dogecoin. Most of these are for small values, but the one pulled by this customer was for a full Bitcoin! 

At the time of this writing, a Bitcoin is worth $63,498.70, making this one of the nicest pulls you could ever hope for. It’s no Magic the Gathering Black Lotus, but it’s up there. The crazy thing is, when this series was first issued, the value of a Bitcoin was only around $16,500. It had come down from the peak attained in 2021 after the first massive run up. The card packs were issued in a bit of a price trough, from which we have since recovered. 

There are five total full Bitcoin cards available in Series 1. This means that there may still be one out there to be redeemed, so this news will likely spark some interest in buying cards (here’s a GameStop store locator, if you’re feeling lucky). It seems a little bit like the search for the golden ticket in Charlie and the Chocolate Factory, doesn’t it?

For older trading card fans, this story likely is a bit of a shock. Selling cards with crypto prizes is a bit of a new thing. If you’re going to wade into it, just know that crypto redemption codes are available in about 1 in 96 packs for this series. And the codes you typically get are of a more modest value.

GameStop continues to thrive at the bizarre intersection between video games and investment markets. Shares are up 18% this year, and CEO Ryan Cohen is also empowered to buy and sell equities and crypto with company funds. We don’t know what’s next for GameStop, but we DO know that fans will probably be buying them out of the remaining packs of Cardsmiths Series 1 very soon. 

13 September

Explore Rising Crypto Opportunities Beyond Bitcoin

While Bitcoin has experienced a dip of nearly 8% this month, many savvy investors are now exploring alternative cryptocurrencies with strong growth potential. Sure, you could buy the dip (especially after last week’s article on the possibility of U.S. Federal Reserve interest rates dropping), but for those eager to diversify, here are some exciting opportunities to consider in the next quarter.

Layer 1 Investment Opportunities

In the world of blockchain and cryptocurrency, technology is often thought of in layers. Layer 0 is the foundation blockchain itself. Layer 1 includes key implementations like Bitcoin, while Layer 2 involves third-party technology aimed at scalability.

If you’re looking to escape downturns in leading coins, two Layer 1 investments stand out for this fall:

Aptos (APT): A proof-of-stake blockchain, Aptos uses a unique smart contract programming language called Move. This tech is rapidly advancing Web3 adoption, supported by major players like Coinbase and Binance. With its total value locked (TVL) growing by 375% over the last year—now sitting at $573 million—APT is poised for significant growth. Aptos currently holds a market cap of nearly $3 billion, making it a strong candidate for potential multiples in the coming year.

Avalanche (AVAX): Aiming to help Ethereum scale, Avalanche boasts high transaction speeds and low fees—backed by leading investors. Though 9.5 million tokens were unlocked last month, upcoming unlocks will be significantly smaller, keeping supply in check. With a current market cap of $8.6 billion, AVAX still has room to grow for those looking to get in early.

Layer 2 Opportunity: Myria and NFT Gaming

If you’re into NFTs, Layer 2 projects like Myria are creating exciting ecosystems, particularly for gamers. Myria has caught attention through partnerships with prominent communities like Neo Tokyo and its cricket-themed game, 360 Cricket, developed with pro cricketer AB De Villiers. As an ERC-20 utility token, Myria offers zero gas fees—making it an appealing option for those watching their costs. Just keep in mind the 2027 unlocks before jumping in.

SUN Token and Tron’s Rising Potential

We’ve previously discussed Tron and its decentralized exchange platform SunSwap, which is powered by the SUN token. This token offers an impressive TVL of $800 million and generates a daily volume of $200 million. Plus, with over $300,000 in fees collected daily, SUN is a strong investment as Tron continues its upward trend. Investors are already making moves to take advantage of potential multiples in the months ahead.

Stay Positive and Explore Crypto Growth

The broader crypto space is full of opportunities. From Layer 1 and Layer 2 technologies to tokens like SUN, there are many ways to stay optimistic and make smart investments. Remember to always do your research before investing, but these picks are a great starting point.

6 September

Ever Used a Bitcoin ATM? They’re Probably Already In Your Town

The ATM has been helping people get quick access to cash for decades, but in the digital era, a new convenience has sprung up: the Bitcoin ATM.

First offered in Vancouver, Canada in 2013 in a coffee shop, these machines have exploded in popularity to become available in nearly 70 countries worldwide. In fact, there are more than

38,000 currently deployed, with the number increasing by the day. Most are in America, but others can be found in countries throughout Europe, as well as machines in Australia and Asia. 

One of the criticisms of crypto is the challenges users face when attempting to use it for regular daily transactions in real life. Crypto ATMs are a very helpful way to enable folks to exchange their crypto for cash when they need money in hand. Even though much of the developed world has switched to using credit and debit cards for routine in-person transactions, there is still a need for cash, and crypto ATMs open up a much-needed avenue for consumers to obtain it. 

You don’t have to be a tech wiz to use one. You just need to identify your digital wallet to the machine with a scannable QR code or wallet address. After that, you can trade money for crypto, exchange crypto back into money, or even get out cash. It’s a highly convenient way to make use of your digital currency when you’re not at your computer. Bitcoin ATMs are also helping in places where traditional money and mainstream ATMs are not highly accessible, thus bringing a new financing option to many around the world.

Crypto ATMs are growing and becoming integrated with new platforms. These ATMs began with simply trading dollars (or other fiat currencies) for Bitcoin. Now they support other leading popular options like Bitcoin Cash, Ether, and Litecoin. Additional features are being rolled out as well – better interfaces, tighter security, and support for more currencies. Find one near you and try it out just for the novelty – you might be surprised at how simple they are to use.

26 August

Tron Leads the Charge – The New ‘Memecoin’ King of Crypto Fees?

Move over, Ethereum and Solana – there’s a new sheriff in town. Tron’s daily fee revenue now puts it ahead of both of these leading crypto options.

But where did it come from? Did it appear out of nowhere?

Launched in 2017, Tron has grown over time to become one of the major cryptocurrencies to follow. It was originally created by a Chinese entrepreneur named Justin Sun as a token on the Ethereum blockchain. Thereafter, in 2018, Tron gained ground and split off onto its own platform. Since then, Tron has kept growing, expanding in part thanks to deals like the purchase of BitTorrent (a file sharing service). The main advantages are high throughput and low fees for transactions, which have helped bring users into the fold. Tron has also been a big part of activity in DeFi and NFTs, although the craze has died there somewhat since the peak in 2022.

Now, Tron is up around 18% in price over the past month and is generating more fee activity than ever before, reaching $3.84M in fees in a single day. This is due largely to the SunPump memecoin generator. A memecoin generator is a platform that allows users to create and deploy new coins on a given network cost effectively. This means that people who want to launch a new crypto on the Tron blockchain can do so rapidly and with little barrier to entry. The result is a ton of new coin activity and a healthy fee bump for Tron, which surged ahead of Ethereum’s $1.36 million and Solana’s $541,000 in daily fees recently.

This is not the first time SunPump has lent a helping hand to Tron. Since its inception, SunPump has generated over 8.4 million TRX in revenue, which is worth around $1.39M. The previous peak was on August 20^th of this year, where 2.78M TRX were earned (roughly $400,000). This came on the back of the launch of over 6,000 new Memecoins.

Sun has remained a big promoter of his coin and has helped make the most of its memecoin potential. Tron is also a stablecoin supporter, with large amounts of Tether issued on the platform. With nearly $60 billion in stablecoins, Tron has the second-largest supply in the market. So, it’s not only a new coin supercharger but also a stabilizing force in the industry as a whole. Not a bad play if you’re looking for a coin that is going to play a big role in the future of cryptocurrency from multiple angles.

Early adopters of the memecoins on Tron are already seeing crazy returns. As of this writing, we can see one trader up around $20 million thanks to a purchase of SUNDOG tokens for $1,690. The gain took around a week to produce. After selling around a million in tokens, the investor is still holding the lion’s share of the position.

Looking for new coins, hot activity, and a chance at eye-popping profits? Check out SunPump and Tron.

15 August

Ethereum Leads the Charge: Crypto Investors Bet Big After Market Dip

Ethereum just pulled off a major power move in the crypto world, and it definitely caught the attention of our crypto investors and players. While Bitcoin usually steals the spotlight, Ethereum has stepped up this past week, taking the lead after a recent market shakeup that had some investors too terrified to look at pricing charts. But instead of backing off, some saw an opportunity and pumped a massive $155 million into Ethereum in just one week. This surge is a game-changer, shifting the dynamics of the crypto market quite significantly.

So, what’s going on? The crypto market recently took a hit, with total capitalization dropping by billions. (Take a look at the global charts here and click the “1m” button to look back over the past month.) But things bounced back, with the market now sitting at a decently recovered amount. Ethereum has been the star of the show, with its trading volume in derivative products hitting $19 billion, way above the more average $14 billion. This huge capital injection has not only boosted Ethereum but has also breathed new life into the whole crypto scene.

Part of Ethereum’s newfound appeal comes from the launch of spot-based exchange-traded funds (ETFs) in the U.S. this summer, making it a hot pick for investors. And it’s not just Ethereum riding this wave—Bitcoin also made a comeback. After a rough week, Bitcoin saw $13 million in net inflows, showing that interest in the top crypto isn’t fading. Plus, there’s been a big pullback from short positions on Bitcoin, with $16 million in outflows, the most since spring of last year. Looks like those betting on a continued price drop are rethinking their strategy.

It’s not just the big players like Ethereum and Bitcoin getting all the love, either. Secondary cryptos like Solana, XRP, and Cardano are also seeing a surge in interest, with inflows of $4.5 million, $0.7 million, and $0.6 million, respectively. This trend shows that the recent market dip is being viewed by many as a chance to buy in, not bow out.

What’s really interesting is that this surge in optimism is global. Sizeable markets outside the U.S. like Switzerland and Brazil are in on the action, with each region making significant contributions. This worldwide confidence in crypto suggests we could be on the brink of a new growth phase, despite the recent bumps in the road. So, for those keeping an eye on the markets, it might be time to start thinking about where Ethereum—and the rest of the crypto world—is headed next.

9 August

Crypto Prices Tumble While Some Investors Buy the Dip

What a week it was in crypto news! The digital markets are still reeling from a pricing earthquake that sent Bitcoin prices down over 16%, falling from around $68,000 to lows near $49,000. Similar losses occurred with Ethereum prices ($2,900 to $2,200) and Litecoin prices ($65 to $50), just to name a few. Coin pricing was down across the board, with some coins still yet to recover.

These losses also hit the stock prices of companies like crypto exchange Coinbase and the tech company MicroStrategy, both of whose fortunes rise and fall with the price of crypto coins. (MicroStrategy famously holds a significant position in Bitcoin as an internal “treasury” holding it considered superior to cash in some respects).

The volatility came on the heels of poor U.S. government jobs data published in a July report. Unemployment was up about a percent to 4.3%, and the economy only added around 100K jobs in a month. These figures, not as strong as some had hoped, clearly sparked investor recession worries. Major indices fell significantly, with the S&P 500 decreasing by more than 6%, and the Dow Jones Industrial Average losing 2,000 points. The broad sell-off was possibly at its worst in Japan, which officially entered a bear market after its worst single day of trading since the late 80s.

There is, however, some good news amidst all this price reduction. Some investors are definitely seeing this as an opportunity to purchase assets at lowered prices and accordingly are “buying the dip.” The major crypto exchange Binance has seen a net inflow of $2.4B, but it is important to note that most of this movement was into stablecoins like Tether and USDC which can help buyers weather volatile markets. Observers also noticed that institutional investors like BlackRock, Grayscale, and Fidelity appear to be increasing their positions in crypto, not decreasing them.

Crypto prices are expected by some experts to recover in the long term. Investors who can afford to increase and maintain their positions will likely see gains if they hold their coins for enough time. But the question, as always, remains: How much volatility will we see along the way? If the past week is any indication, the simple answer is: a lot.

Keep up with the ever-changing world of crypto. Check back every week for fresh insights and news at mBitCasino. Don’t miss a beat in the crypto market!

FAQ about crypto

What is a crypto casino?

A cryptocurrency casino is similar to a standard online casino, with the difference being the type of currency used by players. While a traditional online casino uses government-issued money (referred to as “fiat” currency, such as dollars or euros), cryptocurrency casino players use Bitcoin or a similar digital coin.

How to choose the right crypto casino?

When choosing a crypto casino, consider these key factors: supported digital coins, reputation and reviews, and bonuses and promotions. These will help you find the right online cryptocurrency casino that aligns with your preferences and requirements.