Loan Exposures Raise Concerns Standard & Poor’s (S&P) has downgraded five regional banks due to their exposure to the struggling commercial real estate (CRE) market. The downgraded banks include First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp., and Valley National Bancorp. S&P warns that the banks’ significant loan exposure to CRE…
Wormhole (W) Crypto analyst Altcoin Sherpa believes that Wormhole (W), a newly launched altcoin, has the potential to surge by multiples within weeks. He cites the recent airdrop and exchange listings as catalysts for growth. Solana (SOL) Altcoin Sherpa suggests that Solana (SOL) is in a correction and could drop by 20%. He advises buying…
An elderly Florida woman is suing Bank of America (BofA) after losing $2 million to scammers. Lynne Bucklin alleges that BofA failed to protect her from the scam, which drained her accounts. The Scam Bucklin received emails and phone calls from people claiming to be FTC investigators. They told her that her social security number…
Crowd’s Pessimism a Positive Sign Despite Bitcoin’s recent rally, market intelligence firm Santiment observes a shift in sentiment, with fewer people optimistic about the cryptocurrency’s long-term prospects. Historically, this has been a bullish indicator. “When the crowd is less optimistic, the probability of a continued market rise increases,” notes Santiment. Bearish Expectations Favor Bulls The…
Whales Buy the Dip Shiba Inu (SHIB) has taken a hit this week, dropping over 15% to a low of $0.00002584. However, this dip has attracted the attention of “whales,” large investors who are buying SHIB at a discount. New Whales Accumulate Billions According to on-chain data, three new whale accounts have purchased a combined…
Optimism’s token (OP) has been on a downward spiral since hitting a record high of $4.87. Technical Indicators Signal Continued Downtrend OP is trading below its 100-day moving average and a key trend line. The MACD indicator shows strong downward momentum. The Bull Power vs. Bear Power indicator indicates that sellers are dominating the market….
Meme coins like Dogecoin, PEPE, and WIF are on the rise, with demand reaching 2021 levels. Market Cap and Growth The combined market cap of meme coins has skyrocketed to over $56 billion, almost tripling its value this year. Dogecoin, PEPE, and Shiba Inu have led the charge, with Dogecoin doubling in price and PEPE…
Faryar Shirzad, chief policy officer at Coinbase, has criticized the United States for its slow progress in regulating cryptocurrencies. Major Economies Embrace Crypto Regulation According to Shirzad, most members of the Group of Twenty (G20) are moving towards clear regulatory frameworks for crypto. These countries include the EU, UK, Hong Kong, Australia, Singapore, Brazil, and…
Crypto analyst Jamie Coutts believes a key indicator may soon predict a massive Bitcoin rally. Dollar Index and Bitcoin Coutts says the dollar index (DXY), which measures the strength of the US dollar, is inversely correlated with risk assets like Bitcoin. He notes that every summer rally in Bitcoin has been preceded by a weakening…
Bluntz’s Bearish Outlook A popular trader known as Bluntz is expressing concerns about a memecoin called dogwifhat (WIF). Bluntz believes that WIF may be due for a correction after a meteoric rise of over 69,000% in less than four months. Using the Elliott Wave theory, Bluntz suggests that WIF has completed a five-wave rally and…
