The German government is continuing to sell off its Bitcoin stash, with its holdings now below 4,000 BTC. Bitcoin Sell-Off Continues According to data from blockchain analytics platform Arkham Intelligence, Germany has sold hundreds of millions of dollars worth of Bitcoin in the past 24 hours. This follows a trend of selling the cryptocurrency over…
China’s economy is facing a serious crisis, and it’s showing up in the banking sector. In just one week, 40 smaller banks vanished, swallowed up by larger institutions. This is a huge deal, even bigger than the US savings and loan crisis of the 1980s and 90s. Why Are Banks Failing? The main culprit is…
Bitcoin has been on a wild ride lately. After a brief surge fueled by good inflation news, it’s back down near $56,000. A Bearish Outlook? One analyst, “Luca VIP,” thinks the dip isn’t over yet. He sees Bitcoin stuck in a consolidation phase after hitting resistance at $59,000. He predicts it could drop even further,…
A Bitcoin expert is seeing signs that the cryptocurrency might be on the verge of a comeback. Jamie Coutts, a well-known crypto analyst, says a key Bitcoin metric is flashing green, suggesting a potential bullish reversal. This metric, known as the hashrate, is a measure of the computing power used to mine Bitcoin. Hashrate Slowdown…
The world of crypto is buzzing with memecoins, and a new platform called Pump.fun is making waves. This Solana-based platform is quickly becoming the go-to place for creating and trading these quirky tokens. A Million Memes and Counting In just seven months, Pump.fun has seen over a million memecoins come to life on the Solana…
Bitcoin’s Dominance Is Falling Crypto analysts are seeing signs that Bitcoin’s dominance in the market is weakening. This could mean good news for altcoins, which have been struggling lately. A Bitcoin dominance chart shows a bearish pattern, suggesting that Bitcoin’s share of the market is likely to decline. This often leads to a period known…
The US Securities and Exchange Commission (SEC) has wrapped up its three-year investigation into Stacks, a Bitcoin Layer 2 blockchain, and its developer, Hiro Systems. The good news? No charges were filed. A Long Investigation Ends Muneeb Ali, one of the brains behind the Stacks protocol, shared the news on social media, expressing relief and…
Big Players Are Active Litecoin is seeing some serious action from big investors, known as whales. These whales are moving massive amounts of Litecoin, which is a sign that they’re interested in the cryptocurrency. What Does It Mean? The amount of Litecoin being moved by whales is huge – over half of the total value…
Crypto analyst Benjamin Cowen thinks Bitcoin might keep outperforming Ethereum, even if the much-anticipated Ethereum spot ETF gets approved. Ethereum’s Underperformance: Cowen says past predictions about Ethereum surpassing Bitcoin haven’t come true. He points out that the Ethereum/Bitcoin price ratio has been dropping, despite all the hype surrounding Ethereum’s transition to a new system called…
A crypto analytics platform called Santiment is saying that two lesser-known cryptocurrencies, Ethereum Name Service (ENS) and Treasure (MAGIC), are ready to explode in value. ENS and MAGIC: Network Growth Signals Potential Breakout Santiment says that both ENS and MAGIC have seen a huge surge in network activity over the past 24 hours. This kind…
