Bitcoin’s price has been on a bit of a rollercoaster lately. After a week of losses, it’s trying to recover, but one analyst is warning of a much bigger drop. A Technical Analyst’s Prediction Technical analyst CasiTrades believes Bitcoin’s recent dip to around $112,500 is just the beginning of a larger correction. They see this…
Bitcoin’s been on a wild ride lately. After hitting record highs, it’s now taking a nosedive, prompting concerns from analysts. One expert, Xanrox, is sounding the alarm, predicting a significant price drop. Bitcoin’s Crash Course: The Analyst’s Prediction Xanrox’s analysis points to several factors suggesting an impending crash. A key indicator is an unfilled “Fair…
The UK just dropped a hammer on a massive cryptocurrency network allegedly helping Russia dodge sanctions. This network, using a ruble-backed stablecoin, moved billions of dollars, and the UK is not happy. Targeting a Ruble-Backed Stablecoin The UK government sanctioned several banks, crypto exchanges, and individuals involved in a $9.3 billion stablecoin called A7A5. This…
Ripple is part of a new network designed to stop crypto theft in its tracks. This network, called Beacon, uses automation to catch criminals before they can cash out their ill-gotten gains. How Beacon Works Beacon constantly monitors suspicious cryptocurrency addresses. As stolen funds move between wallets and different blockchains, Beacon sends out instant alerts…
Bitcoin’s price has been a bit wobbly lately, bouncing around near its all-time high but failing to break through. While short-term things look a little uncertain, the bigger picture is still pretty positive. The Macro View: Why Bitcoin Remains Strong Big companies and investment funds are still piling into Bitcoin, seeing it as a safe…
Bitcoin long-term holders (those holding for over 155 days) have already made more profit this cycle than in most previous ones, according to a new report. This could signal we’re nearing the end of the current bull market. Profit Taking: A Sign of the Times? The report from Glassnode analyzed the cumulative profits realized by…
Ethereum has been a bit of a rollercoaster lately. After a price drop from almost $4,800, it’s now settling around $4,200. But there are signs things might be turning around. A Whale Takes a Huge Position A big player, or “whale,” just bet big on Ethereum. According to Arkham Intelligence, this whale put down around…
Ethereum (ETH) is having a rough time. After a big sell-off, it’s struggling to stay above $4,200. A Week of Losses and Liquidations The past week has seen ETH prices drop almost 9%. This caused a wave of liquidations, with over $178 million in crypto positions wiped out in just 24 hours. Ethereum longs (bets…
Ethereum’s price is currently stuck in a bit of a rut, consolidating after its recent climb. Let’s see what’s happening. Holding Steady, For Now Ethereum is trading around $4,190, hovering just above the crucial $4,150 support level. This level has been acting like a safety net for the price. The price action is happening within…
Ethereum’s price has dipped recently, but a big shift is happening behind the scenes. Companies are quietly buying up huge amounts of ETH, similar to how companies bought Bitcoin before. The Treasury Trend: Lots of ETH Locked Up Over 16 companies now hold nearly $11 billion worth of ETH (that’s 2,455,943 ETH!), storing it in…
