The recent Bitcoin crash below $66,000 has shocked the market, resulting in millions of dollars in liquidations. Analysts warn that the worst may not be over yet. Analyst Predicts Further Decline Crypto analyst Ali Martinez predicts Bitcoin could fall another 20% to $54,930. This is because Bitcoin has broken below a key support level at…
Price Action Bitcoin is trending down, slipping from its all-time highs. Bears are gaining momentum, with the coin dropping 10% from its March 2024 peak. Analyst’s Prediction An analyst believes the current consolidation will persist for two more months. They note that after the 2020 Halving, Bitcoin traded sideways for 150 days, suggesting a similar…
Negative Net Taker Volume The Bitcoin Net Taker Volume, which measures the difference between taker buy and sell volumes, has been mostly negative over the past month. This indicates a lack of strong buying interest in the market. Dominance of Bearish Sentiment When the Net Taker Volume is below zero, it suggests that taker sell…
The crypto market is currently undervalued, according to market intelligence platform Santiment. Here are three altcoins that have the potential to outperform Bitcoin, Ethereum, and XRP: Cardano (ADA), Shiba Inu (SHIB), and Dogecoin (DOGE) Santiment’s analysis shows that these altcoins have a low 30-day Market Value to Real Value (MVRV) ratio, which indicates a potential…
Arrests and Raids UK authorities have arrested two individuals in connection with an alleged £1 billion cryptocurrency money laundering operation. The suspects, aged 38 and 44, were released on bail while investigations continue. The Financial Conduct Authority (FCA) and London police carried out the raids, seizing evidence from two London properties. FCA’s Commitment The FCA’s…
The Securities and Exchange Commission (SEC) may not appeal the court ruling that partially favored Ripple Labs. This suggests the SEC wants to avoid setting a precedent that could hurt their future efforts to regulate cryptocurrencies. Why the SEC May Avoid an Appeal Kristina Littman, a former SEC official, believes the SEC may accept the…
Summer.fi, a decentralized finance (DeFi) platform, has launched RAYS, a points system to incentivize user engagement. Retroactive Participation and Points Claiming As of June 18, 2024, Summer.fi users and those active in the DeFi ecosystem will receive RAYS based on their past activity. From June 20 to September 17, users can claim their RAYS. Non-Summer.fi…
Despite the recent crypto downturn, BitMEX co-founder Arthur Hayes is optimistic about Dogecoin (DOGE) and Pendle (PENDLE). DOGE and PENDLE Hayes believes both assets have potential for further growth. DOGE is currently trading at $0.12, while PENDLE is at $5.65. Hayes is also an advisor for Pendle and recently locked up $8.4 million worth of…
A respected crypto analyst known as Credible Crypto is predicting big things for Ethereum (ETH). Ethereum’s Solid Support Credible Crypto believes ETH is unlikely to fall below $1,600, with strong support between $2,800 and $3,430. SEC Ruling as a Catalyst The recent decision by the U.S. Securities and Exchange Commission (SEC) to end its investigation…
VanEck’s Matthew Sigel, head of digital assets research, has outlined a scenario where Ethereum (ETH) could reach a staggering $154,000. Market Share Expansion Sigel believes Ethereum can achieve this six-figure price by capturing a significant portion of the market: 90% of smart contract value 15% of total financial markets 50% of advertising hosted on open-source…
