Bitcoin took a tumble over the weekend, falling to $60,850 before recovering to around $64,500. This sudden drop has sparked a lot of questions. The “End Run” Theory Peter Brandt, a veteran trader, believes the price action is a potential turning point. He calls it an “end run,” a maneuver to bypass obstacles and gain…
Bitcoin’s Rise in Sports Brazilian UFC fighter Renato Moicano made headlines by demanding his $300,000 bonus in Bitcoin. This move reflects the growing popularity of cryptocurrency in the sports industry. Moicano’s Request After his victory at UFC 300, Moicano expressed his support for Bitcoin and requested that his bonus be paid in the cryptocurrency. His…
Cautious Optimism After a tumultuous 2023, cryptocurrency investors in Germany, Austria, and Switzerland (DACH) are cautiously returning to the market. A recent study found that over half (54%) are allocating a significant portion of their investments to digital assets. However, this enthusiasm is tempered by a newfound prudence. Investors are conducting thorough research and prioritizing…
Market Recovery On Monday, the Hong Kong Securities and Futures Commission (SFC) approved Spot Bitcoin and Ethereum ETFs for trading. This long-awaited decision has sparked a surge in cryptocurrency prices. Bitcoin’s Rebound Over the weekend, the crypto market crashed, pushing Bitcoin below $60,000. However, the SFC’s announcement reversed this trend, driving Bitcoin back towards $67,000….
Recent Drop in Open Interest Bitcoin’s Open Interest, a measure of derivative contracts, has recently seen a significant decline. This means that investors are closing or liquidating their positions. Overheating and Volatility Historically, high Open Interest levels have indicated an overheated market, leading to increased volatility. The recent surge in Open Interest coincided with Bitcoin’s…
Fraudulent Crew Resurfaces Cryptocurrency investigator ZachXBT has exposed a connection between a notorious fraud crew and the new crypto project Leaper Finance. This crew has a history of orchestrating multi-million dollar scams on platforms like Mauritius, Kokomo, and Lendora. Leaper Finance Targeted According to ZachXBT, the same hackers have invested $1 million into Leaper Finance’s…
Memecoin on the Rise Analyst The Flow Horse predicts a bright future for the memecoin dogwifhat (WIF). Despite a current lull, he believes WIF will surge in the second half of 2024. He sees a potential “pump” after a period of sideways trading, making it an attractive buy opportunity during the summer dip. Altcoin in…
Allegations and Defamation Former JPMorgan Securities financial advisor Michael Nolan accused the bank of defamation after it filed a Form U5 with FINRA alleging he violated company policy and shared sensitive information with a client. FINRA’s Ruling After an arbitration process, FINRA ordered JPMorgan Chase to pay Nolan $250,000 in damages. The regulator also directed…
Blockchain analytics firm Glassnode believes that Bitcoin (BTC) is still in the early stages of a bull run, despite recent price declines. On-Chain Metrics Suggest Continued Euphoria Glassnode analyzed on-chain metrics and found that Bitcoin’s current price correction is relatively mild compared to previous market cycles. The firm argues that the magnitude of price drawdowns…
Bitcoin has caught the attention of investors again. Some analysts believe it could see a significant price drop before the next halving event. Historical Patterns Analyst Rekt Capital has studied past Bitcoin cycles. In 2016 and 2020, Bitcoin experienced retracements of around 30% and 20%, respectively. This suggests that a more substantial downturn of around…
