Technical Indicators According to crypto analysts Jan Happel and Yann Allemann, altcoins are on the brink of a significant upward move. The analysts observed that the total market cap of altcoins (excluding Bitcoin, Ethereum, and stablecoins) has shown signs of bottoming out. Momentum Oscillators The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD)…
Telegram’s Advantage Hedge fund Pantera Capital believes Toncoin (TON), the blockchain developed by Telegram, has the potential to “bring crypto to the world.” Unlike other blockchain projects that struggle to build communities, Telegram already has a massive user base of over 900 million monthly active users. Built-in Wallet and Regulatory Freedom Telegram’s built-in crypto wallet…
Billionaire investor Stanley Druckenmiller is raising concerns that excessive government spending could hinder the development of transformative technologies like blockchain and artificial intelligence (AI). Spending Out of Control Druckenmiller compares the current government spending spree to the Great Depression era. He believes that the government’s reliance on debt to fund its spending will lead to…
Bitcoin has been on a downward trend since hitting its peak in March. Initially, many traders were buying the dip, expecting the correction to end soon and Bitcoin to surge again. Fading “Buy the Dip” Sentiment However, according to Santiment, the excitement for buying cheap Bitcoin is waning as the price hovers around $60,000. This…
Gas Prices Hit Rock Bottom Ethereum users are cheering as gas fees have plunged by a whopping 93% since their peak just six months ago. This means transactions are now significantly cheaper, making the platform more accessible for everyone. Factors Behind the Drop The recent Cancun-Deneb upgrade and a slowdown in network activity have contributed…
Bitcoin’s price has been hovering around the same level since its peak in March. This has made investors nervous, especially since it recently fell below $60,000. But it’s not just the price that’s slowing down. Data from Santiment shows that activity on the Bitcoin network has also dropped over the past few months. Low Activity:…
Bitcoin’s Recovery on the Horizon Crypto expert Rekt Capital predicts that Bitcoin could break out of its “danger zone” within the next two days. This prediction comes after weeks of speculation about Bitcoin’s price trajectory. What is the “Danger Zone”? Rekt Capital compares Bitcoin’s current price action to its behavior in 2016 after the halving….
SEC’s Counterargument The SEC has filed a countermotion against Coinbase’s petition for new crypto regulations. The SEC argues that: Existing securities laws are sufficient to regulate crypto assets. The SEC has not expanded its authority over crypto assets. Enforcement actions against crypto-related businesses demonstrate the effectiveness of current laws. Coinbase’s Petition In July 2021, Coinbase…
The US Department of Justice (DOJ) has appointed Forensic Risk Alliance (FRA) as the independent compliance monitor for Binance for the next three years. This appointment is part of Binance’s plea deal with the DOJ in 2023. Why FRA Was Chosen Bloomberg reports that FRA was selected over Sullivan & Cromwell (S&C) due to S&C’s…
Ethereum (ETH) has been struggling lately, dropping 6.45% in the past week. Over the past few months, it has lost 16.57% of its value. Whale Liquidates Ethereum Holdings A crypto whale recently sold all of their 6,714 ETH tokens for $19.5 million. Despite the large profit, the investor actually lost $6.5 million based on the…
