Bitcoin’s price has been making headlines lately, and one analyst believes it’s showing a specific pattern that could signal big things to come. The Megaphone Pattern: What Does It Mean? According to crypto trader Merlijn The Trader, Bitcoin is currently following a “megaphone pattern” (also known as a broadening wedge). This pattern shows prices making…
Utah’s attempt to create a state-level Bitcoin reserve has hit a snag. While a bill aimed at boosting blockchain technology passed the Senate, the part about investing in Bitcoin was removed. The Bill’s Journey and Unexpected Turn The bill, officially known as House Bill 230 (HB230), initially allowed the state treasurer to invest up to…
Shiba Inu (SHIB) has taken a major hit lately, with its price dropping significantly. The main culprit? Big investors, often called “whales,” are selling off huge amounts of SHIB. Whales Are Selling Big Time Data shows whales have been dumping SHIB like crazy. One indicator shows a massive decrease in whale holdings – a whopping…
Crypto markets saw another week of significant outflows, totaling a hefty $876 million. This continues a four-week trend of investors pulling their money out. While the outflow was smaller than in previous weeks, the overall sentiment remains negative, according to CoinShares. Where Did the Money Go? Over the past month, a staggering $4.75 billion has…
A VanEck executive is claiming that some major crypto companies got the cold shoulder from S&P Global’s recent S&P 500 index update. The Snub Matthew Sigel, head of digital assets research at VanEck, says that Coinbase, MicroStrategy, Robinhood, and Block were surprisingly excluded despite meeting many of the index’s requirements. He suggests that the S&P’s…
Chris Larsen, co-founder of Ripple, suffered a major crypto blow last year. A whopping $661.6 million worth of XRP was stolen from his personal wallets. The LastPass Connection The cause? A hack of the popular password manager LastPass, according to on-chain investigator ZachXBT. A US government forfeiture complaint revealed that Larsen’s private keys, stored within…
The Office of the Comptroller of the Currency (OCC) has given US banks the green light to dive deeper into the world of crypto and stablecoins. Easier Crypto Regulations for Banks In a recent announcement, the OCC stated that banks can now handle crypto assets, participate in stablecoin activities, and even join node verification networks….
A crypto analyst who correctly predicted Bitcoin’s price drop earlier this year thinks BTC is nearing its lowest point. Oversold RSI Signals Potential Reversal Rekt Capital, a popular analyst with over 500,000 followers on X (formerly Twitter), points to Bitcoin’s Relative Strength Index (RSI). The RSI is a technical indicator that often signals potential trend…
Dogecoin’s price took a significant hit, dropping over 12% in just one day. This downturn has left many wondering what caused such a sudden fall. The White House Summit and Market Sentiment The recent White House Crypto Summit seems to be a major contributing factor. While highly anticipated, the summit apparently failed to deliver the…
Last week was huge for crypto! We saw the creation of a Strategic Bitcoin Reserve (SBR) and a Digital Asset Stockpile (DAS), the appointment of a Crypto Czar (David Sacks), and the first-ever Crypto Summit. You’d think Bitcoin would have soared, right? Nope. It actually dropped $5,000. Why the dip? Short-Term Thinking? Some people were…
