Crypto trader Michaël van de Poppe predicts a rally in Covalent (CQT), a low-cap artificial intelligence (AI) token. Van de Poppe believes CQT is poised for a significant surge due to recent updates. Bitcoin and Ethereum Outlook Regarding Bitcoin (BTC), Van de Poppe cautions that it may experience a slight dip before resuming its upward…
Realized Losses VanEck’s Head of Digital Assets, Matthew Sigel, highlights realized losses by short-term holders as a bullish indicator. These losses represent the difference between the buying and selling prices of BTC holders. A high level of realized losses, such as the recent $500 million, suggests that short-term traders are selling at a loss, indicating…
Glassnode co-founders believe Ethereum (ETH) could skyrocket by 120% from its current level. Historical Pattern They point to a similar pattern in early 2021, where ETH rallied significantly. Based on this, they predict a target price of around $7,500, which would mirror the Fibonacci extension seen in 2021. Relative Strength Ethereum is currently showing relative…
A well-known cryptocurrency analyst, DonAlt, has issued a warning about Bitcoin (BTC). He believes that BTC is at risk of falling below a crucial support level of $60,000. Key Points If the $60,000-$73,800 range breaks down, Bitcoin could experience a prolonged downturn of at least 120 days. In the worst-case scenario, BTC could drop to…
Litecoin has made a comeback after hitting a low of $70 in June. This resurgence is largely due to the surge in Ordinal inscriptions. Ordinals on Litecoin As of June 27, over 25 million Ordinals have been inscribed on Litecoin’s network. Notably, 1.5 million were added in just two weeks. Low Transaction Fees Unlike Bitcoin…
The Supreme Court has delivered a major blow to federal agencies’ ability to make laws. This ruling has significant implications for the crypto industry, potentially weakening the SEC’s regulatory authority. Benefits for the Crypto Industry The Court’s decision overturns a precedent that allowed agencies like the SEC to interpret ambiguous laws through rulemaking. This means…
Reasons for Filing VanEck’s head of research, Matthew Sigel, has outlined the reasons for filing for a Spot Solana Exchange Traded Fund (ETF): Solana (SOL) is a major competitor to Ethereum, the world’s largest altcoin. SOL’s unique technological architecture allows for high scalability and speed, processing thousands of transactions per second. Solana’s blockchain network handles…
Jesse Powell’s Support Jesse Powell, co-founder of Kraken, has donated $1 million to Donald Trump’s 2024 election campaign. Powell believes Trump’s support for cryptocurrency is crucial for the future of blockchain technology in the US. Crypto Industry’s Discontent Powell’s donation reflects growing dissatisfaction within the crypto industry over the Biden administration’s regulatory policies. The industry…
Dogwifhat (WIF) The largest WIF holder has increased their holdings by 2.3 million tokens, bringing their total to over 23 million WIF. This purchase follows a previous large acquisition of 17.22 million WIF. Other Memecoin Whales Another WIF whale who had previously lost $4.63 million has also purchased more tokens, indicating a belief in the…
Despite riskier lending practices, the Federal Reserve (Fed) reports that America’s largest banks have sufficient capital to withstand a major financial crisis. Stress Test Results In a simulation, the Fed tested 31 of the nation’s biggest banks against a “highly stressful scenario” that included: 55% stock market decline 40% drop in commercial real estate prices…
