Crypto analyst Orson Fawley believes Bitcoin’s recent price drop was a “bear trap,” and it’s poised to climb back above $70,000. Strong Recovery Signs Fawley analyzed Bitcoin’s surge over the weekend and subsequent dip on Monday. He noted that the weekend’s surge formed a bullish candlestick, indicating strong buying pressure. This candlestick also broke Bitcoin’s…
SEC Delays Invesco’s Proposal The US Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s Ethereum Spot ETF proposal. This delay adds to the uncertainty in the crypto market. Invesco’s ETF Proposal In October 2022, Invesco Galaxy proposed an ETF that would track the spot price of Ethereum. The ETF aims to…
Ethical Biases in AI Models As AI becomes more advanced, concerns arise about potential biases in the models used to train them. These biases could influence opinions and even manipulate people’s beliefs. Decentralization, while beneficial in some ways, could also exacerbate these challenges if not handled properly. AI Control over Humans With AI becoming more…
Pepe the Frog Leads the Pack A crypto analyst known as Cred believes that Pepe (PEPE), a memecoin featuring the frog character, is currently the strongest altcoin. Despite the recent market correction, PEPE is approaching its all-time high. Dogecoin at a Crossroads Cred predicts that Dogecoin (DOGE) may face resistance if it falls below $0.147….
Over the weekend, crypto whales made their presence felt, accumulating millions of dollars worth of digital assets from Binance, the largest crypto exchange by volume. Whale Withdrawals According to blockchain tracking firm Lookonchain, whales withdrew significant amounts of the following altcoins from Binance on Saturday: Chainlink (LINK) Pepe (PEPE) Uniswap (UNI) Maker (MKR) Ethereum Name…
Crypto analysts are bullish on the future of ENA, an Ethereum-based decentralized finance (DeFi) token. ENA: Patience Pays Off Pseudonymous trader The Flow Horse believes ENA is poised for a significant rally. He notes that the token’s governance token has been undergoing a pullback, similar to other new altcoins. However, he sees a “reliable diagonal…
Declining Exchange Inflows Data shows that Bitcoin exchange inflows, the amount of Bitcoin deposited into centralized exchange wallets, have been at their lowest in almost a decade. This suggests that investors are less inclined to sell their coins. Supply-Demand Dynamics When exchange inflows are low, it means that the supply of Bitcoin available for sale…
Rally’s Foundation Dogecoin has embarked on a bullish rally that’s expected to drive its price higher. This rally is supported by: Strong support above $0.1, preventing price crashes A prolonged correction period Rally’s Timeline The rally began in October 2023 when Dogecoin broke above $0.06. It has since experienced both uptrends and downtrends, leading to…
Digital Bond Revolution KfW, a German state-owned bank, is set to release its first blockchain-based digital bond. This move marks a major step towards embracing crypto technology in finance. Streamlined Process KfW believes that blockchain can improve efficiency and scalability in bond issuance. They’ll hold discussions with investors to explain the new offering. Anchor Investor…
Introduction Charles Hoskinson, the founder of Cardano, has hinted at a possible partnership with Bitcoin Cash. This move could have significant implications for both networks. Benefits for Bitcoin Cash Hoskinson believes that a partnership would upgrade Bitcoin Cash with: Faster transaction processing More efficient smart contract functionality Enhanced scalability Synergies Between Chains Ben Scherrey, founder…
