CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing red, suggesting that Bitcoin has entered a bearish phase. This indicator, developed by the analytics firm CryptoQuant, uses on-chain data to track Bitcoin’s market sentiment. It essentially measures whether Bitcoin is in a bull market or a bear market. How Does It Work? The indicator is based on…
Ripple, a leading blockchain company, has joined forces with the DIFC Innovation Hub in Dubai. This partnership aims to boost the use of blockchain technology and digital assets in the UAE and across the Middle East, Africa, and South Asia (MEASA). A Hub for Innovation The DIFC Innovation Hub is a major player in the…
Shiba Inu (SHIB) is facing a potential problem: a massive amount of tokens could be dumped on the market. This comes from Genesis Trading, a bankrupt crypto firm that owes a lot of money to its creditors. The Genesis Problem Genesis Trading holds a whopping 21.9 billion Shiba Inu tokens. They’re trying to pay back…
Bitcoin ETFs Lose Big Bitcoin exchange-traded funds (ETFs) saw a massive outflow of almost $168 million on Tuesday, following a 10% drop in Bitcoin’s price. This is the second day in a row of big withdrawals, bringing the total weekly outflow to a whopping $405 million. Grayscale’s Bitcoin Trust (GBTC) and ARK Invest’s ARK Invest…
A British hedge fund, Capula Management, has just poured a whopping $464 million into two popular Bitcoin ETFs. Investing in the Big Two Capula Management has bought up shares in both BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). These two ETFs are the biggest players in the Bitcoin ETF game,…
A popular crypto analyst is seeing signs that Bitcoin (BTC) could be hitting a bottom, similar to what happened in November 2022. MVRV Ratio Suggests Oversold Bitcoin The analyst, Ali Martinez, is looking at the Market Value to Realized Value (MVRV) ratio. This ratio compares Bitcoin’s current market value to the price at which all…
Crypto analyst Benjamin Cowen, who correctly predicted the recent crypto market downturn, is warning Ethereum (ETH) holders about a potential massive price drop. Ethereum’s History of Corrections Cowen, who has a large following on social media, believes that Ethereum is poised to repeat its significant price corrections from 2016 and 2019. He points to the…
Bitcoin’s recent dip might be a good thing, according to seasoned trader Peter Brandt. He believes the current correction is similar to the one that happened in 2017, which was followed by a huge rally. Brandt, who has over 700,000 followers on X (formerly Twitter), says that Bitcoin’s drop to $49,000 is like a repeat…
Ethereum, the second-largest cryptocurrency, has been on a downward slide lately, dropping below $3,000. But some analysts see this as a great opportunity to buy low and ride the wave of a potential rebound. When to Start Buying Crypto analyst Alan Santana suggests waiting for Ethereum to reach a “baseline” level, which could signal the…
A New Face on the Democratic Ticket Kamala Harris has chosen Minnesota Governor Tim Walz as her running mate for the 2024 presidential election. This move is seen as a way to boost support in key Midwestern states, where Walz’s focus on rural issues and moderate stance appeal to voters. Walz’s Stance on Crypto While…
