Bad news for some of the biggest banks in the US: JPMorgan Chase and Wells Fargo are reporting huge losses from customers who can’t pay back their loans. JPMorgan Chase saw a whopping $2.2 billion in “charge-offs” – basically, bad debt they don’t expect to get back – in the second quarter. That’s a big…
Oldest Bitcoin wallets are stirring after years of inactivity. Bitcoin wallets that have been dormant for over a decade are suddenly waking up, moving millions of dollars worth of Bitcoin. This has caused a stir in the crypto world, as analysts speculate about the reasons behind these moves. Big Moves One wallet, inactive for 10.6…
A well-known crypto analyst, known as Credible Crypto, has some gloomy predictions for popular meme coins. He believes that a Solana-based meme coin called dogwifhat (WIF) is likely to fall even further, potentially reaching as low as $0.80. WIF Could Go Lower Credible Crypto thinks that WIF hasn’t hit its bottom yet, even though it’s…
A popular crypto analyst, known as Altcoin Sherpa, is predicting a big year for Dogecoin (DOGE), even though it’s currently struggling. Dogecoin’s Painful Downtrend Sherpa says DOGE is in a deep bear market, having dropped below a key technical level called the 200-week EMA. He believes it’s going to be a painful ride, but he’s…
Bitcoin’s been lagging behind the stock market lately, and some analysts think that could be a good thing. Bitcoin took a tumble in early July, losing 10% of its value. While it’s recovered a bit, it’s still trailing behind the S&P 500 and other stocks. This is unusual, as Bitcoin and the stock market have…
Bitcoin is on the rebound, and institutional investors are jumping on board. Spot Bitcoin ETFs, which allow investors to buy Bitcoin without directly owning it, saw a huge influx of cash last week. A Record Week for Bitcoin ETFs JPMorgan reported that Spot Bitcoin ETFs saw their best week in over a month, with $882…
Shiba Inu’s lead developer, Shytoshi Kusama, has big plans for the popular meme coin. He’s not just aiming for growth, but a complete transformation into a leading force in the world of decentralized technology. A Trillion Dollar Dream Kusama envisions Shiba Inu becoming the first decentralized currency to reach a trillion dollar market cap. He…
Senator Cynthia Lummis, a big supporter of crypto, is once again advocating for Bitcoin to be used as a reserve asset by the US government. She believes this would help strengthen the US dollar. Lummis has also spoken out against the creation of a US central bank digital currency (CBDC), arguing that it would be…
Ethereum Network Activity Cools Down Ethereum gas fees, the cost of transactions on the network, have hit their lowest point in almost two months. This indicates a slowdown in activity on the Ethereum network. It’s like the highway is less crowded, and transactions are moving faster. Why the Slowdown? The decline in gas fees suggests…
A popular crypto analyst, known as Altcoin Sherpa, is predicting a strong finish to the year for Solana (SOL), a top-10 cryptocurrency. Solana’s Bullish Outlook Sherpa believes that Solana’s market structure is healthy and that it’s poised for a breakout before the year ends. He highlights several reasons for his optimism: Strong Price Action: Solana’s…
