Technical Analysis Ethereum (ETH) has shown signs of a potential upturn based on a technical candlestick pattern. The ETH/BTC ratio has reversed from a long-term support trend line, which historically has led to altcoin price increases. Bullish Indicators Higher lows in the monthly chart suggest buyers are absorbing selling pressure. A double-bar bullish reversal pattern…
Billionaire Chamath Palihapitiya believes the US economy is already in a downturn, despite official GDP growth figures. GDP Measurement Concerns Palihapitiya argues that GDP, which measures the value of goods and services produced, may not accurately reflect the economy’s true state. He notes that GDP growth is driven by consumer spending, business investment, government spending,…
A massive crypto investor, known as a “whale,” recently spent a staggering $24.7 million on Ethereum-based altcoins. This surge in buying activity came after the U.S. Securities and Exchange Commission (SEC) approved the listing of spot Ethereum exchange-traded funds (ETFs). Whale’s Altcoin Haul According to blockchain tracking firm Lookonchain, the whale acquired Ethereum just before…
Technical Analysis Points to Bearish Trend A prominent crypto analyst, Bluntz, has reversed his bullish stance on Solana (SOL), predicting a significant decline. According to Bluntz, SOL has completed a five-wave rally and is now entering a corrective period. Bluntz’s analysis is based on the Elliott Wave theory, which predicts price movements based on crowd…
A crypto analyst claims that the market has yet to fully account for Bitcoin’s recent halving, where rewards for miners were cut in half. Historical Trends Historically, Bitcoin has experienced significant rallies after halvings. However, the analyst notes that the actual pricing in of the event typically occurs months later. Current Market Conditions Despite recent…
Ancient Bitcoiners Stirring Long-time Bitcoin investors are waking up and spending their coins at the highest rate ever seen in this market cycle. Dormant Coins on the Move Over the past 30 days, a significant number of Bitcoin coins that have been dormant for over 10 years have been moved. This is an unusual occurrence,…
Why Ethereum ETFs Are Good for Bitcoin Michael Saylor, the co-founder of MicroStrategy, believes that the approval of Ethereum Spot ETFs is a positive development for Bitcoin. He explains that these ETFs: Enhance Bitcoin’s political power by providing a “line of defense” with Ethereum’s large user base. Increase institutional adoption by diversifying investors’ interest in…
Argentina’s Interest in El Salvador’s Bitcoin Journey Argentina’s National Securities Commission (CNV) recently met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss Bitcoin adoption and regulation. Argentina is exploring the possibility of following in El Salvador’s footsteps as the first country to make Bitcoin legal tender. El Salvador’s Experience with Bitcoin El…
Rise of the Crypto Wallet Phantom Wallet, a cryptocurrency wallet for the Solana blockchain, has seen a meteoric rise in popularity, surpassing social media giant Facebook in the Google Play Store’s US rankings. Multi-Crypto Powerhouse Initially designed for Solana token holders, Phantom Wallet has expanded its reach to support major cryptocurrencies like Bitcoin, Ethereum, and…
Coinbase Listing Roadmap Coinbase, the largest cryptocurrency exchange in the US, has added Core (CORE) to its listing roadmap. This means that CORE may be listed for trading on the exchange in the future. What is Core? Core is a platform designed to complement Bitcoin’s scalability. It features a consensus mechanism called Satoshi Plus, non-custodial…
