Bitcoin’s support level at $64,515 has become a strong resistance after being breached. This shift in market sentiment has traders wondering if Bitcoin can regain this level or face further declines. Current Market Conditions Bitcoin is currently trading at around $64,444, with a market cap of over $1.2 trillion. It has gained 0.47% in the…
Hackers Target 50 Cent’s Account Rapper 50 Cent recently revealed that his Twitter account was hacked and used to promote a fake cryptocurrency called GUNIT. He denied any involvement with the coin, claiming the hackers made millions of dollars from the scam. Fake Coin Explodes, Then Crashes Before 50 Cent’s announcement, many people traded GUNIT,…
Sharp Decline Dogwifhat (WIF), the Solana meme coin, has seen a significant drop in value this week, falling below $2. This double-digit decline reflects waning investor interest in the popular meme coin. Selling Pressure The crash has been driven by selling pressure from investors. Over $16 million worth of WIF tokens have been sold off…
US regulators have raised concerns about the contingency plans of major banks, including JPMorgan Chase, Bank of America, and Citibank, for managing trillions of dollars in derivatives. Inadequate ‘Living Wills’ The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) have found that the banks’ “living wills” – plans for winding down their operations without government…
A renowned crypto analyst predicts that altcoins are poised for a significant rally before the current crypto cycle concludes. Triggering Events The analyst, Altcoin Sherpa, believes one of two events must occur before a major altcoin rally: Final Capitulation: A sharp decline that shakes out weak hands, similar to Solana’s drop in December 2020. Consolidation…
SkyBridge Capital CEO Anthony Scaramucci predicts that Bitcoin (BTC) and Ethereum (ETH) could soar significantly in this market cycle. Price Targets Scaramucci believes Bitcoin could reach $170,000 to $250,000, while Ethereum could hit $10,000 to $12,000. Biden’s Re-election and Crypto’s Future Scaramucci anticipates that President Joe Biden’s re-election in November will lead to new all-time…
Chainlink (LINK) Cryptocurrency analyst Michaël van de Poppe predicts a significant rally for Chainlink (LINK). He notes that LINK’s price pattern against Bitcoin resembles a previous trend that led to a 150% surge. Bitcoin (BTC) Van de Poppe believes Bitcoin may bottom out around $63,000-$65,000 before reversing upwards. He suggests that a reversal is imminent….
Recent Price Action Bitcoin’s performance has been disappointing, with a significant decline in its price. This trend has also affected other major cryptocurrencies. Analysis from CryptoQuant According to blockchain intelligence firm CryptoQuant, Bitcoin could drop to $60,000. This is based on the fact that Bitcoin has fallen below a key support level of $65,800. Bearish…
Fidelity’s Seed Capital Fidelity has updated its application for an Ethereum ETF, revealing that it has invested $4.7 million in seed capital. The company purchased 125,000 shares of the fund at a price of around $38 each. No Staking for Fidelity Fidelity has confirmed that it will not participate in Ethereum staking, a process that…
Robinhood’s Mysterious SHIB Transfer Robinhood recently transferred a massive 2.2 trillion SHIB tokens, worth around $40 million. This has raised concerns about a possible sell-off by the exchange. Meme Coin Mania: On the Decline? CryptoQuant suggests that the meme coin craze may be fading. The dominance of meme coins in the crypto market has declined…
