Bonk, the dog-themed utility token, wiped nearly 14% of its value in the last seven days. The fifth-largest meme coin by market capitalization has observed a large volume of capitulation in the past week. However, technical indicators point at likelihood of gains next week. Table of Contents Bonk price forecast Bonk (BONK), a Solana-based meme […]
Author Archives: BooBee
26
May
May
The level of Bitcoin mining energy consumption is on par with that of some countries. This statement is often mentioned as one of Bitcoin’s main drawbacks, as consumption takes its toll on the environment. However, Bitcoin advocates argue that things are not that simple, and in some ways, Bitcoin is an eco-friendly technology. How come, […]
26
May
May
Bitcoin dominance is testing a historically significant resistance level within a long-standing bullish channel. A rejection at this level could signal the early stages of a rotation into altcoins — and potentially ignite a mini-alt season. Since November 2022, Bitcoin dominance has remained locked in an upward-sloping channel, reflecting growing market preference for BTC during […]
26
May
May
A dramatic supply crunch is reshaping the Bitcoin market as institutional investors ramp up purchases, hoard millions of coins, and dry up available liquidity. With daily corporate acquisitions far outpacing mining output, experts warn of a looming imbalance that could redefine Bitcoin’s role from a volatile asset to a strategic reserve. New forecasts predict trillions […]
26
May
May
Bitcoin and altcoins are going down – is this the end of the crypto bull run? Bitcoin and most altcoins pulled back on Friday, erasing some of the gains they made earlier this week. Bitcoin (BTC) dropped to $107,300, down by 4.12% from its highest point this week. Similarly, Ethereum (ETH) fell by over 8% […]
26
May
May
On Apr. 21, 2025, gold reached a new all-time high for the third time in April. This time, the price per troy ounce of gold neared the $3,400 mark for the first time. Increased demand for gold reflects the economic turmoil intensified by the trade war deployed by the U.S. However, financial uncertainty is not […]
Education
The Wolf of All Streets: “Michael Saylor might be one of the worst traders in modern history.” Is he serious?
26
May
May
On Apr 8, 2025, Scott Melker, a host of the podcast The Wolf of All Streets, made a bold claim in his daily newsletter called The Wolf Den. He called the co-founder of Strategy, Michael Saylor, known for his multi-million Bitcoin purchases, one of the worst traders in modern history. Melker provided reasoning for this, […]
Education
The US must use budget-neutral ways to increase its BTC reserve. Which ways are already on the table?
26
May
May
On Mar. 6, 2025, an executive order set up the U.S. Strategic Bitcoin Reserve. The order prohibits the government from selling bitcoins or buying more using taxpayers’ money. Since then, it has been unclear how the U.S. is going to acquire more bitcoins, although several options have been named. In a recent interview with Professional […]
Education
Ray Dalio, who predicted the 2008 crisis, says the US is on the brink of something worse than a recession. Is Bitcoin reserve a solution?
26
May
May
Ray Dalio, who predicted the 2008 crisis, says the US is on the brink of something worse than a recession. Is Bitcoin reserve a solution? On Apr. 13, 2025, a U.S. billionaire and founder of the biggest hedge fund, Bridgewater Associates, Ray Dalio, told NBC’s Meet the Press reporter that “right now we are at […]
Education
Project 11 challenges everyone to crack the Bitcoin key using a quantum computer. The reward is 1 BTC
26
May
May
Project 11, a quantum computing research company, announced a competition titled the Q-Day Prize on April 16, 2025. To win, participants must break the largest portion of a toy version of Bitcoin’s ECC key using Shor’s algorithm on a quantum computer. The deadline is April 5, 2026. The prize: 1 BTC. The mission behind the […]