Bitcoin (BTC) is struggling. It’s been stuck below $85,000, and the overall market mood is pretty gloomy. A Bear Market’s Grip After losing the crucial $90,000 level, Bitcoin took a dive, briefly dipping below $80,000 last week. While buyers have tried to prop up the price, selling pressure is strong, preventing any real recovery. Data…
Ethereum (ETH) has been having a rough time lately. It’s trading at its lowest point since late 2023, down over 57% since December 2024. The whole crypto market is feeling the pressure from economic uncertainty and volatility, and it doesn’t look like ETH’s slide is over yet. Whale Watching: A Sign of Hope? But here’s…
A crypto analyst is reporting that large investors, known as whales, have been aggressively buying Ethereum (ETH). They reportedly scooped up over $815 million worth of ETH in just five days. Ethereum: Strong Support, Potential Resistance Analyst Ali Martinez highlights that this massive purchase happened during a broader market correction. He’s also tracking Ethereum’s price,…
Goldman Sachs is acknowledging that its competitors are offering crypto products and services that it’s not. This is according to their 2024 annual shareholder letter. Crypto and the Competitive Landscape The bank’s report points out that rival firms are providing clients with things like specific digital assets, which Goldman either can’t or chooses not to…
Russia’s central bank is proposing a trial run that would let high-net-worth individuals and certain businesses trade cryptocurrencies like Bitcoin. A Limited Experiment The proposed three-year experiment aims to increase transparency in crypto trading. The central bank acknowledges the risks, warning participants that they could lose money. Only those with over 100 million rubles ($1.15…
John Paulson, the billionaire hedge fund manager, is making some major moves in the market. He’s significantly increased his investment in the gold mining sector and added a new stake in a tech giant. A Gold Rush? Paulson’s firm, Paulson & Co., recently purchased $33.72 million worth of International Tower Hill Mines Ltd. (THM) stock….
Big money is leaving Bitcoin and Ethereum exchange-traded funds (ETFs). Let’s look at what’s happening. Bitcoin ETFs See Massive Withdrawals For the fifth week in a row, investors pulled a huge amount of money out of Bitcoin ETFs – over $900 million! This shows a lack of confidence from institutional investors. After a strong start…
Bitcoin’s been on a bit of a rollercoaster lately. It’s down significantly from its all-time high, and many are wondering if a bear market is looming. Bitcoin’s Current Struggle Right now, Bitcoin is stuck in a trading range, hovering around $80,000-$85,000. It needs to break through some key resistance levels (around $85,000-$90,000) to avoid a…
Brazil is considering a big change: letting people get paid partly in Bitcoin! A new bill proposes allowing employees to receive up to 50% of their salary in Bitcoin or other cryptocurrencies. Half Your Pay in Crypto? This isn’t a forced switch. Both the employee and the employer have to agree to the Bitcoin payment….
Bitcoin’s been on a bit of a rollercoaster lately. After hitting record highs, it’s now trading below $85,000, causing some worry among investors. But is this the end of the bull run, or just a temporary setback? A Temporary Blip? Bitcoin’s price has dropped around 29% from its all-time high. This has led to a…
