Bitcoin News Thebittimes.Com

A trader managed to turn five Ethereum (ETH) into $3.3 million buying and selling PORK token . In the latest display of trading acumen, a savvy market participant has executed a stunning financial maneuver transforming a mere five Ethereum — valued at approximately $12,000 — into a staggering $3.3 million fortune within the span of only three days. Analysts at Lookonchain closely followed this trader ’s strategic play, noting that the windfall was achieved through a timely investment in the newly launched PepeFork (PORK) cryptocurrency. Details emerging from Lookonchain reveal that the trader’s foray into PepeFork’s market began a mere seven minutes following the coin’s debut on Feb. 1. Capitalizing on the nascent trading opportunity, the investor converted the ETH holdings into 9.5 trillion PORK tokens. In just 3 days, this trader made $3.3M on $PORK with only 5 $ETH($12K)! This trader spotted $PORK 7 minutes after it opened trading and spent 5 $ETH($12...

Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast features crypto trader Mohit Sorout. Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast is now live, welcoming crypto trader Mohit Sorout for an interview that took place on July 21. Host Benjamin Pirus asked Sorout several questions, including one regarding Bitcoin’s (BTC) future and what scenario , if any, could lead to its extinction . Sorout suggested two different possibilities.  According to the trader , “If somebody figured out a way to crack seed phrases, if they built a supercomputer,” it could potentially lead to vulnerabilities in Bitcoin. “There have been some rumors in the past. People say, ‘Oh, and they could build such a supercomputer that calculates at X amount of speed, then you could crack a seed phrase within a shorter period of time.’”  Technology has surged forward in recent years. The prevalence of artificial intelligence has become a talking point as people have begun using OpenAI’s chatbot...

Bitcoin is giving fresh bullish signals on low timeframes, leading to hopes that BTC price action may ditch its recent corrective phase. Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price sustains knee-jerk move higher Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $27,400 on Bitstamp. The pair had made swift gains toward the prior day’s Wall Street open, these topping out at 3.5% versus the day’s lows. Amid changing signals on exchange order books, popular trader Skew was hopeful for continuation. “Price swept the pre-emptive swing low, which was enough liquidity to push up higher,” he summarized in part of a Twitter Analysis . Skew added that while macro conditions were overall causing friction for BTC price performance, the largest stablecoin Tether pledging regular BTC buys should be a “positive headwind.” Bitcoin cumulative vo...