Bitcoin and Ethereum have been on a downward trend since the beginning of September. This slump in the crypto market is mainly due to a few big economic factors. The Yen Carry Trade is Still Affecting Crypto The Japanese Yen has been strengthening against the US dollar, causing investors to unwind their carry trade positions….
A popular crypto analyst, known as Altcoin Sherpa, is making some predictions about the future of several altcoins. Let’s dive into his thoughts: FET: Bullish Breakout? Sherpa believes the Artificial Superintelligence Alliance (FET) is poised for a breakout. He sees a potential bottom around $1.10, followed by a climb to $1.70. However, he’s keeping a…
Former President Donald Trump’s new crypto project, World Liberty Financial, has big plans. They’re aiming to spread the use of US dollar-pegged stablecoins around the world, making them the go-to currency for decentralized finance (DeFi). A World Dominated by Stablecoins The project, previously known as The DeFiant Ones, believes that DeFi is the future and…
Bitcoin analyst Willy Woo is seeing signs that the market might be turning a corner. Less Bearish, More Neutral Woo, who has a massive following on social media, says that the recent flood of Bitcoin hitting exchanges from sources like the German government, the US Department of Justice, and the failed Mt. Gox exchange is…
Bitcoin’s September Blues? Not So Fast Bitcoin has a reputation for being a bit of a downer in September, with many calling it “The Curse of September.” But the founders of Glassnode, a well-known crypto analytics firm, aren’t buying it. They believe that Bitcoin is actually looking pretty strong this month, despite the initial dip….
Dogecoin, the popular meme coin, might be on the verge of a massive price surge. A Second Low, A Big Rally? Crypto analyst Trader Tardigrade believes Dogecoin has formed a “second low,” which could signal a huge price increase. He points to historical patterns: 2014-2017: Dogecoin hit a support level in 2015, then a second…
The US stock market took a major tumble, losing a whopping $1.05 trillion in a single day. This was one of the biggest drops in recent history, fueled by weak economic data and struggles among major companies. Investors are understandably nervous, wondering if this is just the beginning of a bigger downturn. The Dow Plunges,…
Bitcoin has been on a rollercoaster ride lately, dropping 14% from its peak. This dip is happening at a time when both the crypto and stock markets are feeling the heat. But there’s a twist: Bitcoin is becoming less influenced by what’s happening in the stock market. Bitcoin’s Changing Relationship With Stocks Data shows that…
Pro-XRP lawyer John Deaton has won the Republican nomination for the US Senate, setting up a showdown with incumbent Democrat Elizabeth Warren. Deaton Wins Big Deaton, a former Marine who represented 75,000 Ripple investors in a lawsuit against the SEC, won the primary election with a whopping 64.6% of the vote. His closest competitor, Bob…
Former St. Louis Fed President James Bullard thinks the Fed is about to start cutting interest rates. He says the Fed’s efforts to control inflation over the past two years have been successful without hurting the economy. Bullard expects the Fed to cut rates by 0.25% in September. He also predicts they’ll cut rates by…
