Analyst’s Perspective A leading analyst predicts that Bitcoin’s bull market will continue even if it experiences a correction to $52,000. DonAlt, with a large YouTube following, believes that a 30% dip from Bitcoin’s peak is not unexpected given its recent surge. DonAlt explains that a drop to $52,000 would not weaken Bitcoin’s long-term strength. He…
Crypto Restrictions Russian lawmakers are planning to restrict cryptocurrencies, with a vote expected in the coming weeks. The ban would target crypto exchanges and exchangers outside a special legal framework. Mining and Testing Allowed Crypto miners, mining pools, and projects approved by the Central Bank would still be allowed to operate under the experimental legal…
Zero Inflows for the First Time BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), has seen a surprising lack of interest from investors. For three days straight (April 24-27), there were zero inflows into the ETF. This is the longest period of zero inflows since its launch. Outflows from Other Bitcoin ETFs While IBIT saw no…
Stagflation Spooks Crypto Prices Bitcoin and other cryptocurrencies are taking a hit as investors worry about stagflation in the US. Stagflation is a nasty combo of high inflation and slow economic growth, which makes investors nervous. Bitcoin is down 1.5% to $62,559, while Ethereum (ETH) has dropped 3.30% to $3,187. This reflects concerns that stagflation…
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Market Correction Triggers Altcoin Sell-Offs According to analytics firm Santiment, the recent market correction has led to significant losses for altcoin traders. Over 85% of tracked assets are in a prime opportunity zone, indicating potential for rallies. MVRV Indicator Signals Undervaluation The Market Value to Realized Value (MVRV) indicator suggests that most altcoins are undervalued….
Negligence Alleged SouthState Bank, a financial institution with over $45 billion in assets, is facing a class action lawsuit for allegedly failing to protect its customers’ sensitive personal information. The lawsuit, filed by plaintiff Latonya Gore in Florida, alleges that a February 2024 data breach compromised the names, financial account numbers, and Social Security numbers…
Bull Market Target A popular crypto analyst, Inmortal, believes Bitcoin (BTC) is presenting a rare opportunity for long-term holders. He predicts a rally to a new all-time high in the coming weeks. Inmortal sees the current consolidation as a chance for investors to accumulate BTC at a favorable risk-to-reward ratio. He believes Bitcoin will surge…
The Allegations Taiwanese authorities have charged 32 individuals, including crypto exchange executives, with fraud related to the ACE crypto exchange. Prosecutors are seeking 20-year sentences for the four operators of the platform. The accused include David Pan and Lin Keng-hong, founders of ACE, and Wang Chen-huan, the firm’s chairman. They are alleged to have defrauded…
The US Department of Justice (DOJ) has responded to Tornado Cash developer Roman Storm’s request to drop the criminal charges against him. DOJ’s Arguments The DOJ claims that Tornado Cash is a money-transmitting business, despite Storm’s argument that it does not control users’ funds. According to the DOJ, money transmitters in crypto include platforms that…
