Cryptocurrencies took a major hit recently, with Bitcoin and Ethereum plummeting to levels not seen in a while. This dramatic drop is largely due to global economic anxieties. A Market in Freefall The crypto market saw a massive sell-off, losing over 10% in just 24 hours. Bitcoin plunged over 6%, dipping below $92,000, while Ethereum…
Ethereum took a massive hit last weekend, dropping over 30% in a single day. This crash, part of a broader crypto market downturn fueled by trade war fears, has everyone wondering what’s next for ETH. The Big Drop and What it Means The crypto market saw a huge liquidation event, losing over $2 billion in…
A Bloomberg analyst predicts that a Litecoin (LTC) exchange-traded fund (ETF) will likely get the green light from regulators before an XRP ETF. Litecoin in the Lead? This prediction comes after Grayscale recently filed with the SEC to convert its XRP trust into an ETF. Several other firms are also vying for approval for crypto…
XRP Faces Potential Dip A well-known crypto analyst, DonAlt, is warning XRP holders about potential short-term losses. He points out that XRP has lost its support at $2.95 after a recent market downturn. If it can’t regain that level, it could drop to $2.72. At the time of writing, XRP is trading at $2.93. Bitcoin…
Switzerland’s biggest bank, UBS, is experimenting with a new way to buy and sell gold: using blockchain technology. They’re testing their “UBS Key4 Gold” product on ZKSync, a faster version of the Ethereum blockchain. Gold Goes Digital UBS Key4 Gold lets people buy and sell tiny amounts of gold online. It offers real-time pricing, plenty…
Tether, the company behind the popular stablecoin USDT, announced a massive surplus in its reserves at the end of 2024. An independent audit by BDO Global revealed some interesting details. A $7 Billion Cushion The audit showed Tether held roughly $143.7 billion in reserves against liabilities of about $136.6 billion. This leaves a hefty surplus…
Bitcoin is dancing around the $100,000 mark again, recently bouncing back from a dip. But is the party over? A Key Support Level Crypto analyst Ali Martinez has highlighted $97,190 as a crucial support level for Bitcoin. If Bitcoin falls below this price, the bullish trend could be in serious trouble. This isn’t just a…
Bitcoin’s been holding steady above $100,000 lately, despite some market jitters. But one analyst has a gloomy prediction. A Bearish Flag Pattern? A popular crypto analyst, Ali Martinez, spotted a “bear flag” pattern on Bitcoin’s 30-minute chart. This pattern, basically a sharp price drop followed by a period of sideways movement, often signals a continuation…
Dogecoin has been dipping lately, hanging around the $0.35 mark. But don’t count it out just yet! Some analysts think it’s still got a long way to go. The Elliott Wave Theory: What’s the Big Deal? The Elliott Wave Theory is a way to predict price movements by looking at patterns. It suggests that price…
Eugene Fama, a Nobel Prize winner and influential economist, recently predicted Bitcoin will be worthless in 10 years. Let’s examine his arguments and the counterarguments. Fama’s Case Against Bitcoin Fama’s main concern is Bitcoin’s volatility. He argues that a successful currency needs stability, and Bitcoin’s fluctuating value makes it impractical for businesses to use as…
