It seems like cryptocurrencies and the stock market are getting cozy. According to Coinbase, these two markets are now moving together more than ever, with a correlation of about 50% as of September 2024. This newfound connection is mainly due to the global monetary easing policies being implemented by countries like the US and China….
Dogecoin’s Potential Breakout Dogecoin, the popular meme coin, is catching the attention of crypto veterans like Peter Brandt. Brandt believes DOGE is poised for a significant rally, pointing to a channel breakout on its chart. He predicts that if DOGE breaks through this channel, it could reach its all-time high of $0.7. Brandt also highlights…
A US court has ruled that Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, will face a full trial. This comes after the court rejected Storm’s attempt to dismiss charges filed against him by the US Department of Justice. The Charges Against Storm Storm and his fellow developer, Roman Semenov, are accused of…
JPMorgan Chase is facing a federal investigation over how it handles fraud cases. The Consumer Financial Protection Bureau (CFPB) is looking into whether the bank is doing enough to protect customers who have been scammed and to shut down scammer accounts. Zelle in the Spotlight The CFPB is particularly interested in how Chase manages customers…
Bitcoin is on fire! A popular crypto analyst, Michaël van de Poppe, believes Bitcoin could skyrocket to $100,000 by the end of 2024. What’s driving this prediction? Van de Poppe says the Federal Reserve cutting interest rates and a surge in global liquidity are good news for Bitcoin and other cryptocurrencies. He also points to…
China’s government is throwing a lifeline to its stock market, injecting a whopping $113 billion to give it a much-needed boost. A Big Cash Infusion The move involves allowing institutional investors to use central bank financing to buy stocks. The government is also setting up a market stabilization fund with an initial investment of $113…
A popular crypto analyst, known as Altcoin Sherpa, thinks a little-known cryptocurrency called Zilliqa (ZIL) could be about to explode. He’s watching its price chart closely and thinks it might follow the lead of another coin, dogwifhat (WIF), which has seen a huge jump in price recently. Zilliqa (ZIL) Looks Promising “If WIF is doing…
Cardano, a well-known cryptocurrency protocol, just celebrated its seventh birthday! The team behind Cardano, Input Output Global (IOG), has been busy building and improving the platform, and they’re excited to share their progress. Cardano’s Growth Over the Years Cardano’s native token, ADA, is currently the eleventh largest cryptocurrency with a market value of around $14…
Ethereum transaction fees are on the rise again, and it’s not just because of the recent price rally. Let’s dive into what’s driving this trend. Ethereum Fees Are Climbing The average fee for Ethereum transactions has been steadily increasing over the past few months, reaching its highest point in four months. This means it’s getting…
Bitcoin has been on a roll lately, climbing 6% since last Wednesday. This has got everyone excited, with many thinking this could be the beginning of a big rally. Remember that massive jump in January and March? Bitcoin soared 91% then, almost hitting its all-time high. Now, people are hoping for a similar surge. What’s…
