As someone who has watched this crypto “revolution” for many years, I am a skeptic. The truth is, Bitcoin maximalists are missing the boat here. They're celebrating the GENIUS Act as some sort of victory, a legitimization of their "digital gold," while a far more crucial battle is being waged...
I think about Sarah, a nimble Solidity developer I spoke to at ETHDenver. She’s invested blood, sweat and tears into creating powerful decentralized applications, consistently bootstrapping her endeavors on vapors and ramen. When I told her about BitMine's $250 million Ethereum buy-in, her initial reaction wasn't excitement. It was the...
BitMine Immersion Technologies, a relatively unknown Bitcoin mining firm, is making headlines with its strategic shift towards becoming a major Ethereum holder. Chairman Tom Lee, the Wall Street megastar strategist, is at the head of the Tsar cavalry, reconstituting their Apple at the helm. They are launching a $250 million...
The cryptocurrency space is never lacking in twists and turns. Just recently, BitMine’s stock price surged after it announced plans to establish an Ethereum treasury. Inspired by MicroStrategy's success with Bitcoin, BitMine is diving into Ethereum, but is this move a stroke of genius or a gamble fueled by hype?...
Let's be blunt: those dreams of overnight riches fueled by the next Shiba Inu? They're on ice, at least for now. And the culprit? Bitcoin's relentless dominance. I'm seeing a chilling consolidation of power, a digital monarchy if you will, and here's why your altcoin portfolio might be feeling the...
Now, Federal Reserve officials are calculating the hidden effects on interest rates of former President Donald Trump’s proposed tariffs. This bullishness of the assessment points to an upcoming trend change, which could be the catalyst that triggers a Bitcoin and altcoin market rally. With inflation continuing to cool off, the...
Bitcoin’s camp continues to exert its overwhelming influence over the crypto market, keeping the most awaited altcoin season under wraps for now. Recent analysis of Bitcoin Dominance (BTC.D) and Relative Strength Index (RSI) charts suggests Bitcoin's upward momentum is likely to continue. Head trader Tony Severino of Bitcoin Mastermind did...
Might a confluence of political promises and monetary policy shifts be the perfect storm for a crypto boom? Let's dive in.Tax Cuts and Crypto CorrelationsHistory doesn’t repeat, but it often rhymes. Let's look at the data. Historically, times of large federal tax cuts have usually been accompanied by a major...
The Federal Reserve is signaling the first interest rate cuts in years and this development is roiling global markets. The crypto market is certainly feeling the pinch as well. Amahle Nkosi, writing from Johannesburg, explores how these potential rate cuts could impact Bitcoin and altcoins, offering a balanced perspective for...
At BlockOpulent.com, we don’t stop at just covering crypto. We break it down and break it open, bringing you our analysis with an insurrectionist flair. Today, Miles O’Connor tackles a crucial metric for navigating the volatile crypto seas: Bitcoin Dominance. Understanding this indicator is paramount, especially for those venturing beyond...
