New York City Mayor Eric Adams has announced the creation of a digital advisory council focused on cryptocurrency and blockchain technology. The council aims to attract jobs and investment, positioning NYC as a global crypto hub and exploring the use of blockchain for city services.
Tag: Bitcoin Adoption
Bitcoin Price Prediction: $110K Breakout Could ‘Vaporize’ Shorts
Bitcoin is approaching a potential price discovery phase above $110,000, which could trigger the liquidation of over $3 billion in short positions. Analysis suggests a bullish trend supported by technical indicators and market dynamics.
Bitcoin as the Backbone of Web3: How Syscoin’s Edgechains are Leading the Way
Explore how Syscoin’s Edgechains leverage Bitcoin’s robust security and scalability to create a powerful foundation for Web3, enabling high-performance DApps and efficient transactions.
Bitcoin Futures Data Suggests New All-Time Highs Possible Despite Economic Concerns
Analysis of Bitcoin futures, stablecoin demand, and global economic factors indicates a potential for new all-time highs despite recent market volatility and concerns over global economic stability.
Bitcoin Fractal Analysis: Projecting New All-Time Highs Above $110K
Bitcoin’s price action is exhibiting fractal patterns suggesting a potential surge to new all-time highs above $110,000. This analysis delves into the key technical indicators and on-chain data supporting this forecast, while also considering potential bearish divergences.