The Wrong Lessons of Pizza Day
Bitcoin Pizza Day offers a time to reflect on the infamous trade of 10,000 bitcoin for 2 Papa John's pizzas. From "Fiat Ruins Everything" by Jimmy Song.
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Bitcoin Pizza Day offers a time to reflect on the infamous trade of 10,000 bitcoin for 2 Papa John's pizzas. From "Fiat Ruins Everything" by Jimmy Song.
The Bitcoin bull market looks to be back following BTCs surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market. When To Sell Everything In This Bitcoin Bull Market In an X post, Ardizor stated that he will sell nearly everything in this bull market when BTCs Profitability Index rises above 300% and crypto becomes more popular on TikTok or Instagram, and when market participants think they are the smartest. He further outlined three other events that could mark the top and act as a clue to sell everything. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 The first is when crypto exchange Coinbase becomes the number one on the app store for two months, and every taxi driver starts speaking crypto. The other two clues are when the BTC Coin Days Destroyed (CDD) metric rises above 300 million and when old friends are inquiring about whether they should buy crypto now. He asserted that the Bitcoin bull market will reach its peak when these things begin to happen. Until then, Ardizor revealed that he will be accumulating more coins daily. The pundit also told crypto community members that he would announce publicly when it was time to sell everything. In another X post, Ardizor provided insights into how investors should allocate their capital in this Bitcoin bull market. He stated that 40% should be invested in BTC, 20% in ETH, 10% in quality alts, 5% in high-potential meme coins, 15% working capital, and 20% in USDT to buy dips. Market participants are actively accumulating more coins with the Bitcoin bull market in play following BTCs rally above $100,000. Crypto analyst Ali Martinez cited Glassnodes data while revealing that $35 billion has flowed into the crypto market in the past three weeks. A Possible Top For BTC In This Market Cycle Market experts have provided the price targets that could mark the BTC top in this Bitcoin bull market. Veteran trader Peter Brandt stated that the leading crypto is on target to reach the bull market cycle top in the $125,000 to $150,000 level by August or September this year. Once that happens, he predicts that a 50% correction will follow. Related Reading: Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Heres When Crypto analyst CrediBULL Crypto also reaffirmed that his target for this Bitcoin market cycle is $150,000. However, he also raised the possibility of BTC reaching $200,000 based on Jim Cramers statement that the leading crypto cannot achieve that target in this bull run. Standard Chartered has also predicted that $200,000 is achievable for BTC by year-end. At the time of writing, the Bitcoin price is trading at around $103,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
In a BitPinas webcast, local web3 leaders debated the potential of FishBlock NFTsa project tying fishballs to blockchainto onboard Filipinos, raise awareness, and avoid repeating past crypto mistakes.
Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation. This move reinforces the strength of the support and builds the case for a potential upside run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market’s attention. Chainlink Holds Strong: Breaking Down The Critical Support Retest According to Jimmy X in a recent post on X, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation. Related Reading: Chainlink (LINK) Targets Rebound To $19 But Only If This Key Support Holds Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isnt just a short-lived spike but possibly the beginning of a more sustained upward trend. He further emphasizes that a confirmed breakout followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels. Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally. Downside Potentials While Chainlinks recent retest of support shows bullish promise, it’s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction. Related Reading: Support Or Resistance? Chainlink (LINK) Investor Data Suggests Key Price Zones Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base. Featured image from YouTube, chart from Tradingview.com
Jim Cramer detects no signs of recession, but the crypto charts turn red after Mad Money's last episode.
XRP community members are concerned as Cramer says Ripple might win the SEC case. The XRP community has been riding on a high in recent weeks. XRP’s price soared as confidence in a Ripple victory in the United States Securities and Exchange Commission (SEC) case appeared to be at an all-time high. However, the community […]
The post “Kiss of Death” For Ripple and XRP As Cramer Says SEC May Lose to Ripple first appeared on The Crypto Basic.
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of [...]
The post Renowned Investor Jim Rogers Expects All Cryptocurrencies to Disappear Says Bitcoin Will Go to Zero Someday appeared first on Crypto Breaking News.
In light of the recent LIBRA controversy, local thought leaders answer whether crypto is an insiders game.
Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which set several records this week, as the reason behind his statement. Jim Cramer on Spot Ethereum ETFs Mad Money host Jim Cramer weighed in on [...]
The post Mad Money Host Jim Cramer Expects Spot Ethereum ETF to Bloom Soon appeared first on Crypto Breaking News.
The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.
Security breach in Jimbos Protocol, a liquidity protocol operating under the Arbitrum system, resulted in a significant loss of 4,000 Ether (ETH), approximately worth $7.5 million, on May 28. (Read More)
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals
The post Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds appeared first on BTC Ethereum Crypto Currency Blog.
Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments.
Jim Rickards, an economist and investment banker, has warned about the establishment of a social credit system powered by the issuance of a central bank digital currency (CBDC). According to Rickards, this combination could be used to restrict the civil liberties of Americans by limiting their capabilities to travel and their reach on social media [...]
The post Economist Jim Rickards Warns of a CBDC-Supported Social Credit System in the US: ‘It Can Happen Here’ appeared first on Crypto Breaking News.
“Mad Money” anchor and crypto critic Jim Cramer from CNBC has made it clear that he is “not against crypto,”
The goal of introducing generative artificial intelligence tools by the two tech firms isn’t to replace humans but to help them.
The technology is getting so advanced, deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance's Chief Security Officer.
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar’s time is coming to an end as more countries are seeking alternatives to the USD. “Many friends of America are moving, trying to find something to compete with and ultimately replace the U.S. dollar. It will happen. [...]
The post Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives appeared first on Crypto Breaking News.
With a desire to create a unique and memorable event, Miccolo and Ruth decided to incorporate AR and NFT into their wedding celebration.
The post Filipino Couple Hosts First-of-its-Kind AR and NFT Wedding Powered by Xovox Labs appeared first on BitPinas.
Crypto heavyweights are in search of a silver lining in the recent U.S. legacy bank fiasco.
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