A seasoned Bitcoin trader is urging caution, warning that the cryptocurrency could be headed for another major crash similar to the one that happened in November 2018. A Repeat of 2018? Back in 2018, Bitcoin fell below $6,000 after a long period of trading in a narrow range. While many investors jumped in to buy…
A veteran trader is saying now might be a good time to buy Bitcoin, even though the price has been dropping lately. Peter Brandt, a well-known trader who’s known for making accurate market predictions, sees a “buy signal” in Bitcoin’s recent dip. He’s looking at a technical indicator called the “foot shot pattern,” which has…
Peter Schiff, a well-known Bitcoin critic, thinks the hype about institutional investors buying Bitcoin is overblown. He points to the recent price drop as evidence. Schiff’s Argument: Schiff says that the recent sell-off, which saw Bitcoin’s price drop by 10% in a single day, shows that there isn’t as much institutional demand for Bitcoin as…
There’s been a lot of talk about governments selling their Bitcoin lately, especially after the US and German governments moved some of their holdings. Some people are worried that this will cause the price of Bitcoin to crash. But is it really a big deal? The Big Picture CryptoQuant CEO Ki Young Ju says we…
Bitcoin’s price has been taking a tumble lately, but some investors are seeing this as an opportunity. In the past week, Bitcoin spot ETFs (exchange-traded funds) have seen a surge in investment, despite the cryptocurrency’s struggles. Big Money Flowing In Last Friday, Bitcoin spot ETFs saw a whopping $143 million in new investments, the highest…
Justin Sun, the mastermind behind the Tron Network, has a new trick up his sleeve: gas-free stablecoin transfers. This means you can send and receive stablecoins without paying any extra fees! No More Gas Fees for Stablecoins? Imagine this: you’re sending some stablecoins to a friend. Usually, you’d have to pay a small fee (called…
JPMorgan Chase, Bank of America, and Wells Fargo are getting grilled by the Senate over their handling of fraud on the popular payment app Zelle. The banks are facing scrutiny after customers reported over $456 million in fraudulent Zelle transactions in 2022. The banks allegedly refused to reimburse $115 million of those claims, leaving customers…
A popular crypto analyst is warning investors about potential price crashes for both Chainlink (LINK) and Bitcoin (BTC). Chainlink Could Dive 45% The analyst, Ali Martinez, says that Chainlink, a popular decentralized oracle provider, could see a massive price drop if it falls below a key support level of $12.70. He believes that LINK could…
Bitcoin is still on track for a big climb, even after a recent dip, according to crypto analysts at Glassnode. The experts, who go by the name “Negentropic,” believe that Bitcoin could hit a peak of $110,000 during this bull market, which is almost double its current price. They say that the recent dip is…
Bitcoin has been on a wild ride lately. After briefly dipping below $54,000, it bounced back to around $56,000. But some experts aren’t convinced this is the end of the volatility. A Potential Drop to $47,000? Ki Young Ju, CEO of CryptoQuant, believes that while Bitcoin is still in a long-term bull market, it could…
