Bitcoin is booming! The number of people who are millionaires thanks to Bitcoin has skyrocketed. In fact, almost half of all crypto millionaires made their fortune through Bitcoin. More Millionaires Than Ever The number of people holding at least $1 million in crypto has exploded in the past year, with a whopping 95% increase. This…
Bitcoin is back in the driver’s seat! It’s been on a tear lately, almost reaching its all-time high. In fact, Bitcoin now controls a whopping 65% of the entire crypto market, its biggest share in three years. This means altcoins, like Ethereum, are taking a backseat. What’s driving Bitcoin’s dominance? A lot of it is…
The US banking system has suffered another blow, with regulators shutting down a bank in Oklahoma. This marks the second bank failure of 2024, following the collapse of Philadelphia-based Republic Bank earlier this year. What Went Wrong? The First National Bank of Lindsay was closed by the Office of the Comptroller of the Currency (OCC)…
Memecoins on the Rise, But Experts Warn of Potential Dip Dogecoin (DOGE) and Shiba Inu (SHIB) are seeing a surge in popularity, with more people talking about them than in the last five months. This excitement is fueled by fear of missing out (FOMO), as traders jump on the bandwagon hoping to cash in on…
Analyst Warns of Potential Bitcoin Correction A well-known crypto analyst is urging investors to be cautious about Bitcoin’s recent surge, even though it’s pushing past $68,000. Justin Bennett, a popular crypto strategist, says Bitcoin is showing mixed signals, despite the potential for new all-time highs. Futures-Driven Rally Bennett points out that the current rally is…
A seasoned crypto trader, known as The Flow Horse, is warning against calling the top of the current bull market. He believes that the market is still in a strong upward trend, with Bitcoin, Gold futures, and the Nasdaq all showing bullish signals. Don’t Call the Top The Flow Horse advises traders to avoid trying…
Leverage is on the rise in the Bitcoin market, and that’s got analysts worried. What’s the Deal with Leverage? Leverage lets traders control a bigger position with a smaller amount of cash. It can boost profits, but it also makes losses much bigger. Think of it like borrowing money to invest. You can win more,…
Bitcoin ETFs are attracting a ton of money. Last week alone, they saw over $2 billion in new investments. That’s the fourth highest weekly inflow since they launched in January. BlackRock’s IBIT is the biggest winner. It received over $1 billion in new investments, bringing its total to $22.84 billion. Fidelity’s FBTC came in second…
Bitcoin has been holding steady around $68,000, but some analysts are predicting a potential dip in the near future. A Technical Indicator Points to a Correction A popular crypto analyst, Ali Martinez, has used a technical indicator called the “Tom Demark” (TD) Sequential to suggest that Bitcoin might be headed for a brief correction. The…
Bitcoin has been steadily climbing, and experts are predicting a breakout. Bitcoin’s Breakout: A Bullish Outlook Bitcoin is currently trading above $68,000, and everyone’s waiting to see if it can break through the $69,000 mark. This would confirm a breakout from a long period of accumulation, which has built up a lot of momentum. A…
