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Crypto De Nostradame
Bullish
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Cryptocurrency market overview | 5th of May 🔴 Market cap: $2.54 trillion (-0.04%) 🟢 BTC dominance: 50.99% (+0.45%) ⚡️ Fear and Greed Index: 69 (greed)

Cryptocurrency market overview | 5th of May

🔴 Market cap: $2.54 trillion (-0.04%)

🟢 BTC dominance: 50.99% (+0.45%)

⚡️ Fear and Greed Index: 69 (greed)

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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AMD is competing with Nvidia... New artificial intelligence chips introduced Technology company AMD introduced its new artificial intelligence chips. AMD is expected to compete with Nvidia, one of the most important chip manufacturers of recent times, with its new artificial intelligence-supported chips that will be used in a wide range of applications, from data centers to laptops.  Demand for specialized processors like #ChatGPT that help develop, train and run AI applications has exploded in the last two years.  Processor maker AMD has emerged as one of Nvidia's most serious rivals, and #CEO Lisa Su said it has the strength to compete with its rivals.  Su said,  “AI is our number one priority, and we are at the beginning of an incredibly exciting time for the industry as AI reshapes every part of the computing market.” said. Su also announced that one of AMD's newest products, the Instinct MI325X, is scheduled to be released later this year. Establishing partnerships with some of the world's largest laptop companies, Su brought together the leaders of technology giants Microsoft, HP, Lenovo and Asus, who wanted AMD's Ryzen processors to be included in their artificial intelligence-supported computers. Microsoft has become one of the leading companies in artificial intelligence by investing billions in #ChatGPT maker #OpenAI and also rapidly integrating artificial intelligence features into its products.  Earlier this month, Microsoft introduced Copilot+ computers, called "AI PCs" that will run the Windows operating system with built-in artificial intelligence. These machines will feature AMD's Ryzen processors, #Microsoft CEO Satya Nadella said on Monday. $BTC $ETH $BNB
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Chamath Palihapitiya Predicts Bitcoin Price to Reach $500,000 by Year-End: Halving Cycle Analysis. In the latest episode of the All-In Podcast, #Palihapitiya analyzed Bitcoin's historical price trends after each halving event. In particular, it was noted that 18 months after the third halving in May 2020, the Bitcoin price increased 7.8 times. Bitcoin's halving is a scheduled decrease in the rate of new BTC production and occurs approximately every four years. It is theorized that this event created a supply shock that pushed the price of Bitcoin higher. The last halving took place on April 20, 2024, and the daily Bitcoin issuance was reduced from 900 BTC to 450 #BTC , which was an important turning point for the cryptocurrency market. Based on post-third halving performance, Palihapitiya predicts that Bitcoin could reach $497,977 by October 2025. Using the average performance metric between the second and third halvings, this estimate could go as high as $1.14 million. Palihapitiya predicts that “an increasing number of countries” such as El Salvador may adopt a dual-currency system, which could increase demand for Bitcoin. “Countries can use local currencies for their daily transactions and Bitcoin as a permanent asset for store of value,” Palihapitiya added. If Bitcoin reaches a price above $500,000, he believes it will literally replace gold and even become a trading vehicle for high-value assets. Palihapitiya also highlighted the impact of newly launched Bitcoin ETFs (exchange-traded funds) on expanding adoption by commercializing Bitcoin. Standard Chartered analysts predict that Bitcoin could reach $200,000 by the end of 2025 due to these strong #ETF inflows.
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Supply Shock in Ethereum: Could Destroy the Fate of Altcoins. Since the approval of spot Ether exchange-traded funds (ETFs) in the US on May 23, there has been an outflow of more than $3 billion worth of Ether from centralized crypto exchanges; This signals a possible upcoming supply squeeze. According to CryptoQuant data, the amount of Ether on exchanges dropped by approximately 797,000 between May 23 and June 2; This is equivalent to $3.02 billion. The amount of Ether on exchanges dropped by approximately 797,000 between May 23 and June 2; This is equivalent to $3.02 billion. Glassnode data shared by BTC-ECHO analyst Leon Waidmann shows that the percentage of circulating Ether supply held on exchanges is also at its lowest level in recent years, at only 10.6 percent. Last week, Bloomberg #ETF analyst Eric Balchunas predicted that Ether ETFs would be launched by the end of June. Some analysts believe that Ether could break its November 2021 all-time high of $4,870 as spot Ether ETFs begin trading due to increased demand pressure. DeFi report crypto analyst Michael Nadeau said in a May 28 report that Ether could benefit from demand pressure more than Bitcoin because it does not have the same level of “structural selling pressure.” For example, Bitcoin miners occasionally have to sell BTC to cover mining costs, while Ethereum validators do not incur the same operating expenses as Bitcoin miners. However, there are also concerns that the Grayscale Ethereum Trust (#ETHE ), which manages $11 billion in funds, could impact Ether's price action if it follows the Grayscale Bitcoin Trust (#GBTC ), which saw $6.5 billion in outflows in the first month after approval. available. $BTC $ETH
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Record $40 Million Deal from Bitcoin Bull Michael Saylor! According to the New York Times, the attorney general of the District of Columbia said that a $40 million settlement was reached with Bitcoin bull Michael Saylor and the MicroStrategy he founded. Accordingly, Saylor and his company agreed to pay a total of $40 million in the 2022 tax fraud case. Saylor reached a $40 million settlement to end a lawsuit accusing him and his company of income tax evasion, officials said, making it the largest income tax evasion lawsuit and settlement ever in the region. Columbia Attorney General Brian Schwalb made the following statement: “No one in the District of Columbia is above the law, no matter how rich or powerful. Not only did Saylor break the law, he openly bragged about his tax evasion scheme and encouraged others to follow his example. “Michael Saylor and his company, MicroStrategy, defrauded the district and all of its residents for years.” “I agreed to resolve this matter to avoid the ongoing burden of litigation for my friends, family, and myself,” Saylor said of the settlement. said. The District of Columbia attorney general accused MicroStrategy founder Michael Saylor of evading $25 million in taxes. In the lawsuit filed by Columbia's attorney general in 2022, it was alleged that #Saylor and #MicroStrategy filed fraudulent tax returns from 2005 to 2020.
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🚨US Stock Exchanges Closed. S&P500: +0.16% Nasdaq: +0.56% Dow Jones: -0.30%
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