Most people use the weekend to unwind, not Jack Dorsey, CEO of Bitcoin tech firm Block and former CEO of what was then Twitter. Dorsey spent this past weekend building a messaging app that exclusively communicates via Bluetooth. “My weekend project: to learn about Bluetooth mesh networks, relays, and store and forward models, message encryption […]

Jack Dorsey Launches Bluetooth-Based Bitchat Over the Weekend

The cryptocurrency OTC platform BridgePort recently completed a 3.2 million 
seed round financing led by Further Ventures along with several other venture 
capital firms. According to the official press release, the over-the-counter 
crypto platform plans to use the funds generated…

Crypto OTC platform BridgePort gains $3.2m capital in seed funding round

The Smarter Web Company PLC (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London-listed technology firm, has announced the purchase of an additional 226.42 bitcoin as part of its ongoing treasury policy outlined in “The 10 Year Plan.” The bitcoin was acquired at an average price of £78,932 per bitcoin (approximately $107,726), totaling £17,871,846 […]

The Smarter Web Company Acquires 226.42 Bitcoin, Total Holdings Reach 1,000 BTC

Despite the Bitcoin price holding up quite nicely above $100,000 and remaining 
very close to its all-time high levels, there continues to be expectations of 
a massive crash that would rock the market. Pseudonymous crypto analyst 
FriendlyRox points to a number of indicators for this, going from volume to 
momentum, all pointing to a possible price crash. What is the expected result 
of this? Losing the $100,000 psychological level and then falling to previous 
peaks. Bitcoin Price At Risk With Dwindling Volume And Momentum In the 
analysis, FriendlyRox highlighted the decline in major metrics such as 
momentum and volume as the major driver of the forecasted price crash. This 
comes amid bullish news dominating the headlines, such as institutions 
increasing their Bitcoin holdings and supply on exchanges falling toward new 
lows, meaning investors are choosing to hold for higher prices. Related 
Reading: Ethereum Ready For Explosive Breakout: $5,791 The Minimum 
Target–Analyst The decline in the volume has been apparent after the Bitcoin 
price had fallen below $100,000 before bouncing back up in June. So far, in 
the month of July, the Bitcoin trading volumes have trended lower, with data 
from Coinglass showing consistent daily volumes below $100 billion. At the 
same time, there has also been a decline in momentum, with the analyst 
pointing out a negative divergence in this metric. Furthermore, the Bitcoin 
price has also flashed a historical trend that has usually predated market 
tops. This is price reaching the 50 EMA (Exponential Moving Average) and then 
retracing. FriendlyRox revealed that in the past, whenever the price touched 
the 50 EMA and then extended back, it usually signalled a crash, and the 
Bitcoin price has done this now, extending even further. Other metrics that 
have also flashed bearishness include the RSI and the MACD, both of which are 
now showing a loss of momentum as they moved into the negative. All of these 
factors happening together at the same time have painted a pretty bleak 
picture for the leading cryptocurrency by market cap. BTC Bottom Targets With 
the lineup of bearish developments, the crypto analyst has predicted an 
approximately 50% from here. As volume continues to decrease and momentum 
slides into the negative, they expect that the Bitcoin price will be looking 
to retrace back to the 50 EMA. Related Reading: Bitcoin Must Hold $106,000 And 
$98,000 To Avoid Breakdown The interesting fact here is that the 50 EMA falls 
below the previous Bitcoin price peak, putting it at $60,000. A crash of this 
magnitude would only be rivaled by the COVID crash in 2020 and the FTX-induced 
market crash back in 2022. But nevertheless, it would mean a wipeout for 
altcoins across the board. As for the timeframe for when this could happen, 
there is no definite timeline. Going by the analyst’s chart, it could take a 
couple of years for this to completely play out, with the analyst closing 
with: “Let us see how it unfolds.” Featured image from Dall.E, chart from 
TradingView.com

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

The meme coin market is seeing diverging trends, with Floki maintaining recent 
gains, Fartcoin slipping after a strong run, and Shiba Inu showing weaker 
momentum. Short-term expectations for each memecoin are being shaped by retail 
interest, whale behavior, and ecosystem…

Memecoin watch: Fartcoin faces 8% pullback, Floki holds gains, SHIB lags in momentum

A years-long legal battle between crypto policy group Coin Center and the US 
Treasury Department over the sanctioning of crypto mixer Tornado Cash has 
officially come to an end. In a June 7 post on X, Coin Center director Peter…