Market Correlation Crypto analyst Justin Bennett warns that Bitcoin could face a significant decline if the stock market takes a downturn. He believes the correlation between the two markets suggests that Bitcoin will be “hammered” if stocks fall. Bitcoin’s Technical Analysis Bennett’s analysis of Bitcoin’s chart shows that it is not looking promising. He believes…
On June 20th, Ripple scored a victory in its ongoing legal battle. A judge dismissed claims that XRP was sold as an unregistered security. What the Ruling Means The judge ruled in favor of Ripple on both federal and state claims. This means that XRP is not considered a security under current laws. However, the…
Game Details The Shiba Inu team has hinted at an upcoming game specifically designed for the SHIBArmy. According to team member Shytoshi Kusama, the game will be licensed to the Shiba Inu team and run on their Shibarium blockchain. Shiboshis Integration Holders of Shiboshis NFTs will be able to play the game and earn rewards…
Halving Precedence According to Julien Bittel, a macro expert from Real Vision, Bitcoin is about to experience a parabolic rally based on historical patterns. Bittel explained that Bitcoin is currently in a “boring” phase before a predicted “banana” rally, which has historically occurred after halving events when miners’ rewards are halved. Patience Required Bittel described…
Coinbase Listing Coinbase, a popular crypto exchange, is adding support for Euro Coin (EURC), a stablecoin pegged to the Euro. The listing will go live on June 20th, 2024, at 3 PM ET. Experimental Label Coinbase has labeled EURC as an experimental asset, indicating potential risks and volatility. The exchange advises against sending EURC over…
Billionaire investor Mark Cuban believes the Securities and Exchange Commission’s (SEC) strict stance on cryptocurrency could backfire on President Joe Biden’s re-election bid. Gensler’s Crackdown Cuban claims that SEC Chairman Gary Gensler’s aggressive approach to crypto has created unique challenges for the US industry. He argues that Gensler’s lawsuits against crypto companies have made it…
Crypto analyst Justin Bennett is raising concerns about Bitcoin’s future, predicting a potential sharp decline if the stock market experiences a crash. Correlation with Stock Market Bennett believes that Bitcoin and the broader crypto market are closely tied to the performance of the stock market. He warns that if the stock market were to crash,…
Negative Net Taker Volume The Bitcoin Net Taker Volume, which measures the difference between taker buy and sell volumes, has been mostly negative over the past month. This indicates a lack of strong buying interest in the market. Dominance of Bearish Sentiment When the Net Taker Volume is below zero, it suggests that taker sell…
The crypto market is currently undervalued, according to market intelligence platform Santiment. Here are three altcoins that have the potential to outperform Bitcoin, Ethereum, and XRP: Cardano (ADA), Shiba Inu (SHIB), and Dogecoin (DOGE) Santiment’s analysis shows that these altcoins have a low 30-day Market Value to Real Value (MVRV) ratio, which indicates a potential…
Arrests and Raids UK authorities have arrested two individuals in connection with an alleged £1 billion cryptocurrency money laundering operation. The suspects, aged 38 and 44, were released on bail while investigations continue. The Financial Conduct Authority (FCA) and London police carried out the raids, seizing evidence from two London properties. FCA’s Commitment The FCA’s…
