Bitcoin has taken a hit, falling below $64,000. But Arthur Hayes, co-founder of BitMEX, is urging investors to “buy the dip.” Why Hayes Is Bullish Hayes believes the global economy and central bank policies favor cryptocurrencies like Bitcoin. Central Bank Policies Central banks, like the US Federal Reserve, are raising interest rates aggressively to fight…
Diversification is Key Just like investing in different stocks, diversifying your crypto portfolio is important. It helps protect against uncertainty. Ethereum’s market cap is still smaller than Bitcoin’s, so adding it to your portfolio can spread your risk. Ethereum’s Functionality While Bitcoin is designed to be a new form of money, Ethereum is a platform…
Crackdown on Misconduct Italy is cracking down on crypto misconduct with a new law that imposes hefty fines for activities like insider trading and market manipulation. Fines range from €5,000 to a whopping €5 million, signaling Italy’s commitment to protecting investors. Regulators Team Up The Bank of Italy and Consob, Italy’s market regulator, will oversee…
Market Correlation Crypto analyst Justin Bennett warns that Bitcoin could face a significant decline if the stock market takes a downturn. He believes the correlation between the two markets suggests that Bitcoin will be “hammered” if stocks fall. Bitcoin’s Technical Analysis Bennett’s analysis of Bitcoin’s chart shows that it is not looking promising. He believes…
On June 20th, Ripple scored a victory in its ongoing legal battle. A judge dismissed claims that XRP was sold as an unregistered security. What the Ruling Means The judge ruled in favor of Ripple on both federal and state claims. This means that XRP is not considered a security under current laws. However, the…
Game Details The Shiba Inu team has hinted at an upcoming game specifically designed for the SHIBArmy. According to team member Shytoshi Kusama, the game will be licensed to the Shiba Inu team and run on their Shibarium blockchain. Shiboshis Integration Holders of Shiboshis NFTs will be able to play the game and earn rewards…
Halving Precedence According to Julien Bittel, a macro expert from Real Vision, Bitcoin is about to experience a parabolic rally based on historical patterns. Bittel explained that Bitcoin is currently in a “boring” phase before a predicted “banana” rally, which has historically occurred after halving events when miners’ rewards are halved. Patience Required Bittel described…
Coinbase Listing Coinbase, a popular crypto exchange, is adding support for Euro Coin (EURC), a stablecoin pegged to the Euro. The listing will go live on June 20th, 2024, at 3 PM ET. Experimental Label Coinbase has labeled EURC as an experimental asset, indicating potential risks and volatility. The exchange advises against sending EURC over…
Billionaire investor Mark Cuban believes the Securities and Exchange Commission’s (SEC) strict stance on cryptocurrency could backfire on President Joe Biden’s re-election bid. Gensler’s Crackdown Cuban claims that SEC Chairman Gary Gensler’s aggressive approach to crypto has created unique challenges for the US industry. He argues that Gensler’s lawsuits against crypto companies have made it…
Crypto analyst Justin Bennett is raising concerns about Bitcoin’s future, predicting a potential sharp decline if the stock market experiences a crash. Correlation with Stock Market Bennett believes that Bitcoin and the broader crypto market are closely tied to the performance of the stock market. He warns that if the stock market were to crash,…
