The US Secret Service is asking for more power to go after criminals who use cryptocurrencies. A new bill, called the Combating Money Laundering in Cyber Crime Act, would give them the authority to investigate crimes involving digital assets. Why the Change? The Secret Service already protects the President and other important people, but they…
MicroStrategy CEO Michael Saylor thinks millennials are fed up with the traditional financial system and are turning to Bitcoin. He says millennials are realizing that Bitcoin offers many advantages over traditional finance, like 24/7 access. Why Millennials Love Bitcoin Saylor points out that traditional finance is only available during business hours, while Bitcoin is always…
Bitcoin is on the rebound, and analysts are saying the worst might be over. After a recent dip below $50,000, Bitcoin has surged back up, and experts believe this could be the start of a bigger rally. Exhausted Sellers, Rising Bitcoin Crypto analyst Rekt Capital says the recent sell-off was intense, but it’s likely reached…
Bitcoin took a nosedive recently, dropping below $50,000. But one trader thinks the worst is over and Bitcoin is about to bounce back in a big way. $90,000? That’s the Goal Peter Brandt, a well-known crypto analyst, is predicting Bitcoin will reach a new all-time high of $90,000 by the end of 2024. He’s basing…
The crypto market took a tumble recently, with Bitcoin and other popular coins dropping to their lowest levels in weeks. But one analyst thinks things are about to change. The Fed’s Money Printing Plan The US Federal Reserve, the country’s central bank, is planning to make some big changes to its monetary policy soon. This…
A crypto analyst has weighed in on the recent price drops for Bitcoin and Ethereum, suggesting that Bitcoin is likely to recover faster than Ethereum. Bitcoin Shows Strength, Ethereum Struggles The analyst, known as CrediBULL Crypto, pointed out that Bitcoin has been holding up better than Ethereum in recent price movements. He analyzed the price…
Big News for Bitcoin Get ready for a big shift in the Bitcoin world! Morgan Stanley, a huge financial firm, is about to let its 15,000 financial advisors start selling Bitcoin Exchange Traded Funds (ETFs) to their clients. This is a huge deal because it’s the first time a major Wall Street bank is making…
Bitcoin’s recent price drop has sent shockwaves through the crypto market, causing a massive liquidation of long positions. This means that traders who bet on Bitcoin going up lost a lot of money, leading to a general sense of pessimism. A Big Loss for Bitcoin Bulls The price drop was significant, leading to huge losses…
Jurrien Timmer, a bigwig at Fidelity Investments, doesn’t think Bitcoin will ever hit a million bucks. He says investors will always compare Bitcoin to other assets, and when Bitcoin gets too expensive, they’ll start buying other things instead. Relative Value Matters Timmer explains that investors will look at the price of Bitcoin compared to things…
A well-known crypto trader is warning that Bitcoin and the rest of the crypto market are likely to take another tumble before they start to climb again. More Downside Before Reversal The analyst, known as “The Flow Horse,” says that markets rarely bounce back immediately after a big drop. He points to Bitcoin’s recent 15%…
