Bitcoin’s price is steadily rising, but this time it’s different. Unlike previous explosive rallies, the current increase is slow and controlled. A Controlled Ascent Data analysis shows Bitcoin’s price follows a predictable, gradual growth pattern. It’s currently above the expected growth line but far from overheating, unlike previous bubble periods. This suggests organic growth or…
Bitcoin took a dive under $113,000 recently, sparking worries about a price peak. But one analyst thinks there’s still room for growth. A Bullish Case for Bitcoin CryptoQuant analyst Amr Taha sees positive signs despite the recent price drop. He points to two key factors: Binance Volume Surge Binance, the biggest crypto exchange, saw a…
Cathie Wood’s Ark Invest made a significant investment in crypto stocks last Friday, August 1st, taking advantage of a dip in the US stock market. They spent a whopping $47 million! Coinbase Gets a Boost The biggest chunk of that money went to Coinbase (COIN), the popular cryptocurrency exchange. Ark Invest added almost 95,000 shares,…
Bitcoin’s recent price dip has some investors worried, but others see it as a buying opportunity. Let’s dive in. The “Buy the Dip” Sentiment Bitcoin hit a record high recently, but it’s pulled back a bit since then. While some are panicking, others, like Eric Trump, are encouraging people to “buy the dip.” Trump’s involvement,…
Ethereum (ETH) recently dipped 6% from its $3,800 high, but analysts remain optimistic about a new all-time high (ATH). Why the Dip, and Why the Optimism? According to Glassnode, the recent drop was due to long-term holders taking profits. Their analysis shows a shift in market sentiment, with investors moving from fear to confidence. Interestingly,…
Elon Musk’s recent questions about Bitcoin’s future security in the face of advancing quantum computing have sparked discussion. He used his AI chatbot, Grok, to assess the risk. Grok’s Prediction: Low Risk (For Now) Grok’s analysis suggests a very low risk of quantum computers breaking Bitcoin’s encryption in the next five years – essentially zero….
BitMEX co-founder Arthur Hayes is offloading some of his crypto holdings, predicting a market correction soon. He’s betting against the current market trend. Hayes’s Sell-Off According to reports, Hayes recently sold millions of dollars worth of Ethereum (ETH), Pepe (PEPE), and Ethena (ENA). This move suggests he’s anticipating a downturn. Reasons for the Pessimism Hayes…
A Boston car dealership owner is facing serious charges after allegedly pocketing over $1.3 million in a massive tax refund scam. The Scheme 31-year-old Jessie El-Ghoul, owner of Affordable Motor Group, is accused of depositing a forged $1.34 million tax refund check into his business account. The check, originally intended for a Canadian company, was…
Goldman Sachs is warning that the US economy is sputtering, citing a major downward revision of job growth numbers. Job Growth Numbers Revised Down Sharply The Bureau of Labor Statistics (BLS) recently slashed its June job growth figures from a previously reported 147,000 to a mere 14,000 – a massive 90% reduction. May’s numbers also…
Billionaire investor Ray Dalio claims President Trump is pushing to weaken the US dollar to handle the country’s massive debt. He says this is a major point of conflict between Trump and Federal Reserve Chair Jerome Powell. A Battle Over Money’s Value Dalio, founder of Bridgewater Associates, explained on X (formerly Twitter) that when debt…
