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Economist Alex Krüger Forecasts Bitcoin All-Time Highs on the Horizon, Anticipates 4x Surge for Prominent Layer-One Altcoin. According to the closely monitored trader and economist Alex Krüger, Bitcoin (BTC) could be gearing up for new record highs in the near future. #tinytick

Economist Alex Krüger Forecasts Bitcoin All-Time Highs on the Horizon, Anticipates 4x Surge for Prominent Layer-One Altcoin. According to the closely monitored trader and economist Alex Krüger, Bitcoin (BTC) could be gearing up for new record highs in the near future. #tinytick

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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom Bitcoin was lower by 2.5% to $61,500 late Wednesday, with solana and bitcoin cash each down more than 7%. Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could further delay any meaningful recovery. "A rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins," crypto analytics firm 10x Research noted in a Wednesday report. Large token unlocks in crypto are usually bearish events, increasing supply by distributing assets that were previously locked up in vesting contracts to team members, organizations and early investors including venture capital firms. #tinytick
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FTX Has Billions More Than Needed to Pay Bankruptcy Victims 1) Crypto customers to get interest on what FTX owes them 2) Bankrupt firm updates plan to divide cash among creditors Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries under the company’s bankruptcy. The extra cash will be used to pay interest to the company’s more than 2 million customers, marking a rare outcome since creditors typically receive just pennies on the dollar in US bankruptcies.
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DOGE Officially Added to Tesla's Payment Options but There's Catch DOGE soars 21% as Elon Musk's e-car behemoth has officially included Dogecoin as one of its payment methods. In a recent development, prominent e-car producer Tesla run by Elon Musk has added Dogecoin as an official payment option to its website. The payments page has been updated, and now it includes Dogecoin, crypto community’s favorite meme coin. However, Tesla still accepts DOGE only for merchandise in the online Tesla Shop. The addition says that “Dogecoin may also be accepted on select products.” For the first time, Elon Musk’s company began to accept Dogecoin as an experiment in January 2022. Back then, the tech mogul stated, it was an experiment to see how it will go. Various company merchandise began to sell for DOGE — for example, Tesla Cyberwhistle and the “Giga Texas” belt buckle.
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Bitcoin is heading up again, is this the beginning of the bull run? After several days of correction, the price of Bitcoin has bounced back above $63,000 this Friday. Short sellers paid the price, with more than $26 million worth of short positions liquidated in just 4 hours. Are we witnessing the beginnings of a new bullish cycle? Despite a mixed April, marked by a dip below $60,000, Bitcoin seems well poised to start the month of May on the right foot. The crypto-queen indeed recorded an increase of 4.5% in 24 hours, reaching a peak of $63,107 on Saturday morning. This bullish movement caught many bearish traders off guard. According to data from Coinglass, an equivalent of $26.65 million in short positions were liquidated within only 4 hours. In total, nearly 50,000 traders were caught offside by the market. The bullish sentiment now seems to prevail in the Bitcoin options market. Data from the Deribit platform reveals a put/call ratio (put options to call options) of only 0.5, with a max pain (point of maximum pain) located at $61,000. These technical indicators argue in favor of a continuation of the bullish trend. Beyond technical aspects, the fundamentals of Bitcoin remain solid. Adoption continues to progress, as evidenced by the recent launch of Bitcoin ETFs in Hong Kong.
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Bitcoin is pumping harder.
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