Bitcoin’s recent price drop has sent shockwaves through the crypto market, causing a massive liquidation of long positions. This means that traders who bet on Bitcoin going up lost a lot of money, leading to a general sense of pessimism. A Big Loss for Bitcoin Bulls The price drop was significant, leading to huge losses…
Jurrien Timmer, a bigwig at Fidelity Investments, doesn’t think Bitcoin will ever hit a million bucks. He says investors will always compare Bitcoin to other assets, and when Bitcoin gets too expensive, they’ll start buying other things instead. Relative Value Matters Timmer explains that investors will look at the price of Bitcoin compared to things…
A well-known crypto trader is warning that Bitcoin and the rest of the crypto market are likely to take another tumble before they start to climb again. More Downside Before Reversal The analyst, known as “The Flow Horse,” says that markets rarely bounce back immediately after a big drop. He points to Bitcoin’s recent 15%…
The crypto market took a big hit over the weekend, but one popular analyst is seeing a positive sign amidst the chaos. Open Interest Wipeout: A Bullish Signal? Credible Crypto, a well-known trader with over 400,000 followers on Twitter, says the recent drop in Bitcoin’s price has actually cleared out a lot of “open interest.”…
A well-known economist is doubling down on his prediction of a massive rally in crypto and the US stock market, even after recent market dips. Henrik Zeberg, who has a large following on social media, says it’s too early for a crash and that we’re still on track for a big boom. A “Blow-Off Top”…
Peter Schiff, a well-known economist and gold advocate, is predicting a rough ride for Bitcoin spot ETFs. He believes the recent price drop in Bitcoin is just the beginning and the ETFs will hit new lows as the market continues to decline. Schiff’s Warning: Spot ETFs Vulnerable to Further Drops Schiff is particularly concerned about…
The crypto market is feeling the heat as investors pull out a whopping $528 million from digital asset investment products. This massive outflow is driven by a combination of factors, including: Recession worries: The US economy is facing some serious challenges, and investors are getting nervous. Geopolitical concerns: The global landscape is volatile, and this…
The cryptocurrency market is always changing, and Solana (SOL), once a hot pick, is now facing some challenges. This has led some investors to look for new opportunities, and one project that’s attracting attention is Mpeppe (MPEPE). Solana’s Struggles Solana has experienced some bumps in the road recently. Its price has been fluctuating, and it’s…
Mpeppe (MPEPE) is a new cryptocurrency that’s getting a lot of attention from Ethereum (ETH) investors. It’s built on the Ethereum blockchain and combines sports, blockchain tech, and memes. Here’s why people are excited about it: Soccer, Memes, and Blockchain: A Winning Combo? Mpeppe is inspired by the success of meme coins and the popularity…
A popular crypto analyst is warning investors about a potential downturn for three altcoins: Sui (SUI), Near (NEAR), and Artificial Superintelligence Alliance (FET). Bearish Signals for SUI, NEAR, and FET The analyst, known as Altcoin Sherpa, believes these altcoins are showing clear signs of a bearish market structure. He points to SUI’s sharp drop from…
