A Bloomberg analyst predicts that a Litecoin (LTC) exchange-traded fund (ETF) will likely get the green light from regulators before an XRP ETF. Litecoin in the Lead? This prediction comes after Grayscale recently filed with the SEC to convert its XRP trust into an ETF. Several other firms are also vying for approval for crypto…
XRP Faces Potential Dip A well-known crypto analyst, DonAlt, is warning XRP holders about potential short-term losses. He points out that XRP has lost its support at $2.95 after a recent market downturn. If it can’t regain that level, it could drop to $2.72. At the time of writing, XRP is trading at $2.93. Bitcoin…
Switzerland’s biggest bank, UBS, is experimenting with a new way to buy and sell gold: using blockchain technology. They’re testing their “UBS Key4 Gold” product on ZKSync, a faster version of the Ethereum blockchain. Gold Goes Digital UBS Key4 Gold lets people buy and sell tiny amounts of gold online. It offers real-time pricing, plenty…
Tether, the company behind the popular stablecoin USDT, announced a massive surplus in its reserves at the end of 2024. An independent audit by BDO Global revealed some interesting details. A $7 Billion Cushion The audit showed Tether held roughly $143.7 billion in reserves against liabilities of about $136.6 billion. This leaves a hefty surplus…
Dogecoin has been dipping lately, hanging around the $0.35 mark. But don’t count it out just yet! Some analysts think it’s still got a long way to go. The Elliott Wave Theory: What’s the Big Deal? The Elliott Wave Theory is a way to predict price movements by looking at patterns. It suggests that price…
Eugene Fama, a Nobel Prize winner and influential economist, recently predicted Bitcoin will be worthless in 10 years. Let’s examine his arguments and the counterarguments. Fama’s Case Against Bitcoin Fama’s main concern is Bitcoin’s volatility. He argues that a successful currency needs stability, and Bitcoin’s fluctuating value makes it impractical for businesses to use as…
Bitcoin’s network activity has been unusually low lately – hitting an 11-month low. Let’s dive into why. Why the Slowdown? Recent data shows a significant drop in Bitcoin transactions. The “mempool” – where pending transactions wait – is almost empty, and transaction fees are super low. This is the quietest the network has been since…
A popular crypto analyst, Pentoshi, believes the crypto market is poised for another significant price increase before the current cycle ends. With a massive following of 850,000 on X (formerly Twitter), Pentoshi shared his outlook. Pentoshi’s Market Prediction Pentoshi estimates there’s only a 25% chance the current crypto market cycle is over. He’s significantly more…
CryptoQuant’s CEO, Ki Young Ju, doesn’t think the Bitcoin bull market is over yet. He points to continued strong demand for Bitcoin ETFs as a key indicator. Bitcoin ETF Demand Fuels the Bull Ju believes that as long as big investors keep buying Bitcoin ETFs, the price will continue to rise. He notes that in…
A massive $70 billion hedge fund, Elliott Management, is sounding the alarm on the cryptocurrency market, claiming President Trump’s support is fueling a dangerous speculative bubble. Crypto’s “No Substance” The fund’s investor letter expresses serious concerns about the lack of substance in crypto assets and criticizes politicians who back the industry. Elliott Management compares crypto…
