Prita Ghozie

Bitcoin’s Turbulent Ride: Analyst Predicts Correction

Market Sentiment Overload Analyst MichaĆ«l van de Poppe warns that Bitcoin’s recent surge may be followed by a 40% correction. He believes market sentiment is overheated, leading to unsustainable price increases. Strategic Investing Poppe advises short-term traders to be cautious when prices rise rapidly. He suggests avoiding buying assets that have already appreciated significantly. Long-Term…

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Bitcoin ETFs: A Week of Massive Inflows

Inflows Soar to $2.2 Billion Bitcoin exchange-traded funds (ETFs) have been on a roll, with a whopping $2.2 billion pouring into them over the past week. This surge surpasses any other ETF in the US during the same period. BlackRock Dominates BlackRock’s IBIT ETF has been the biggest beneficiary, raking in over $1.6 billion in…

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FTX Bankruptcy: Law Firm Accused of Fraud

FTX Creditors Sue Law Firm FTX creditors have filed a lawsuit against Sullivan & Cromwell (S&C), the law firm handling the exchange’s bankruptcy proceedings. They accuse S&C of helping FTX commit fraud. S&C’s Ties to FTX S&C’s relationship with FTX began in 2021 when FTX hired a former S&C employee as its general counsel. This…

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Circle Accuses Rival Tether of Illicit Activities, Calls for Treasury Probe

Circle, the issuer of the second-largest stablecoin, has urged the U.S. Treasury Department to investigate its competitor, Tether. Treasury’s Authority Questioned Circle’s senior director, Caroline Hill, testified before Congress that Tether’s connection to the U.S. financial system through Cantor Fitzgerald gives the Treasury authority to take action. Tether’s Reputation and Alleged Malign Activities Hill cited…

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AI-Focused Crypto Poised for Further Surge

A prominent crypto analyst, Altcoin Sherpa, believes that Fetch.ai (FET), an AI-focused project, could continue its upward trend for several months. FET’s Potential According to Sherpa, FET is approaching a resistance level but has the potential to “go much higher” in the coming months. He suggests that $0.76 could be a key resistance level, with…

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