Bitcoin Plunges After a dismal June, investors hoped July would bring a recovery. However, Bitcoin has now not only lost its initial gains but has also fallen below $58,000, marking a 4% drop in the past 24 hours. Derivative Market Meltdown The Bitcoin crash has triggered a mass liquidation event in the cryptocurrency derivatives market….
Promises, Webinars, and Empty Accounts Sam Ikkurty and his companies lured investors with promises of 15% returns on “stable” cryptocurrencies like Bitcoin and Ethereum. However, court documents show that these claims were misleading. Ikkurty’s funds lost nearly 99% of their value in a short time. A Classic Ponzi Scheme Instead of investing in stable assets,…
According to Ki Young Ju, CEO of CryptoQuant, now is an “ideal time” for whales to accumulate Bitcoin. Despite the recent “boring” price action, Ju believes the market is still in a bull cycle. Whales Buying In Ju noted that whales have been actively accumulating Bitcoin. He pointed out that miners have been hedging against…
Crypto analyst Altcoin Sherpa believes Solana (SOL) is poised for a rally after holding support at $120. He notes that SOL has maintained its 200-day exponential moving average (EMA), indicating potential upside. Bitcoin Remains Uncertain Altcoin Sherpa says Bitcoin (BTC) is still lacking a clear trend, trading sideways between $56,544 and $73,794. He recommends staying…
A prominent cryptocurrency analyst has predicted a surge in the value of the memecoin FLOKI. Bullish Signals Bluntz, a pseudonymous analyst with over 260,000 followers, believes FLOKI is forming a solid support level and an inverse head and shoulders pattern, both bullish indicators. Trading Volume Surge FLOKI’s trading volume has increased significantly as it breaks…
Cryptocurrency analyst Kevin Svenson predicts that Bitcoin (BTC) could reach its cycle top in January 2025. This prediction is based on Bitcoin’s historical behavior after halving events. Halving History After each halving, Bitcoin has typically experienced a period of growth for 40 to 80 weeks. The most recent halving occurred in April 2020, which means…
Market Disruption and Sun’s Proposal Germany’s recent Bitcoin sales have caused a drop in prices. To minimize the impact, Justin Sun, founder of TRON, has offered to buy all of Germany’s Bitcoin off-market. Germany’s Bitcoin Holdings According to Arkham, Germany still holds around $2.3 billion worth of Bitcoin, seized from a drug trafficker. Justin Sun’s…
Bitcoin has taken a hit, dropping below $58,000 in the past day. Here are some reasons why: CME Gap Analysts believe that the “CME gap” played a role in the price decline. This gap refers to the difference between Bitcoin’s price on the Chicago Mercantile Exchange (CME) futures market when it closed on Friday and…
Regulatory Freeze India’s once-booming crypto market is facing a regulatory chill. Exchanges are struggling to operate due to restrictions, fines, and even exits. Binance’s Troubles Binance, a global crypto giant, faced accusations of violating KYC norms. This led to a suspension of services and a $2.25 million fine. Binance has since collaborated with Indian authorities…
SEC Rejects Ripple’s Binance Ruling Interpretation The Securities and Exchange Commission (SEC) has filed a new document in the ongoing legal battle against Ripple Labs. The SEC argues that Ripple’s reliance on a recent ruling in the case against Binance Holdings is irrelevant and misguided. The SEC’s filing criticizes Ripple’s attempt to use the Binance…
