Veteran Investors Push Back Against Bear Market Predictions Several prominent investors are dismissing the current downturn in the crypto market as a temporary correction, rather than the start of a full-blown bear market. Chris Burniske, a venture capitalist and former head of crypto at ARK Invest, argues that the recent price drops are simply a…
Montana lawmakers recently rejected a bill that would have allowed the state to invest in Bitcoin as part of its financial reserves. The vote was surprisingly close. A Narrow Defeat for Bitcoin While 41 Republicans and one Democrat supported the bill, it ultimately failed to pass due to opposition from 41 Democrats and 18 Republicans….
Dogecoin might be on the verge of a huge price jump, potentially reaching $1! That’s the prediction from a crypto analyst, who’s noticed a pattern. The Falling Wedge Pattern This analyst, known as Trader Tardigrade, is seeing a “Falling Wedge” pattern in Dogecoin’s price chart. This pattern is often a sign that a price is…
Bitcoin’s price has taken a dive, falling below crucial support levels after a period of sideways trading. Let’s break down what’s happening. Below $90K: A Bearish Turn? Bitcoin recently broke through the key $90,000 support level, hitting a new low around $86,000. This drop has seriously shaken investor confidence. Analysts are reporting the most bearish…
Uniswap Labs, the brains behind the biggest decentralized trading platform on the Ethereum network, got some good news. The SEC shut down its investigation without taking any action! SEC Investigation Ends Back in April, the SEC sent Uniswap Labs a warning, basically saying they were planning to sue. They claimed Uniswap was acting like an…
Ethereum’s price has been struggling lately, but some key indicators suggest a bullish outlook. Despite recent market wobbles, investor confidence in ETH seems to be growing. Accumulation is Key On-chain data reveals a fascinating trend: Ethereum’s Cost Basis Distribution (CBD) is falling. Normally, a falling CBD suggests increased selling pressure. But in this case, it’s…
Ethereum (ETH) has taken a bit of a dive recently, dropping below $2,500. But don’t panic! Crypto analyst Doctor Profit sees some strong signs pointing to a potential price surge. He’s looking beyond the short-term dips and focusing on the bigger picture. Here’s what he’s seeing: Four Reasons for Ethereum Optimism Doctor Profit’s bullish outlook…
A veteran trader, known only as The Flow Horse, is predicting a gloomy outlook for altcoins. He believes we might be on the verge of a significant downturn, impacting most cryptocurrencies except Bitcoin. Memecoin Mania and Market Worries The Flow Horse points to the recent surge in memecoin pump-and-dump schemes as a major red flag….
Massive Crypto Heist The Lazarus Group, a North Korean hacking group, is suspected of stealing nearly $1.5 billion in crypto from Bybit in what’s being called the biggest crypto heist ever. The stolen funds included Ethereum (ETH) and Lido Staked Ether (stETH). Researchers quickly linked the attack to the Lazarus Group, known for its history…
Cathie Wood, the head of ARK Invest, thinks Bitcoin’s recent price stability is a positive sign. She believes the current sideways trading around $90,000 is healthy for the long term. A Healthy Correction Wood explained that a steady climb without any dips isn’t ideal. She prefers to see a “wall of worry” – periods of…
