Bitcoin is struggling to maintain its recent gains, with experts pointing to a decline in demand as the main culprit. Demand is Drying Up CryptoQuant’s head of research, Julio Moreno, has been tracking the situation closely. He says that various market indicators are showing a weakening demand for Bitcoin, with the 30-day sum of demand…
The Fed’s Interest Rate Cut: A Potential Catalyst for Bitcoin? With the Federal Reserve (Fed) getting ready to cut interest rates, everyone’s talking about what this could mean for Bitcoin. One crypto expert, Apsk32, thinks Bitcoin might act like it did back in 2019 after the Fed cut rates then. A Peek into the Past:…
Short-Term Holders Feeling the Heat Bitcoin’s recent price drop has been tough on people who bought Bitcoin recently. A report by Glassnode, a crypto data company, shows that many of these short-term holders are now losing money. What’s Happening? Short-term holders are losing money: They bought Bitcoin when the price was higher, and now it’s…
Ethereum has been taking a beating lately, but some analysts think it’s about to bounce back in a big way. Oversold and Ready to Fly? One crypto analyst, Titan of Crypto, says Ethereum is in “oversold territory.” This means it’s been dropping for a while and could be due for a rebound. Historically, Ethereum has…
The US government is losing a ton of money to fraud, according to a new report. The Government Accountability Office (GAO) says the feds are losing somewhere between $233 billion and $521 billion each year. How Did They Figure That Out? The GAO looked at data from 2018 to 2022 and used a fancy statistical…
Hold onto your hats, folks, because some early Bitcoin investors are making a killing! A Bitcoin address that hadn’t been touched since 2012 just woke up and moved $1.8 million worth of Bitcoin. That’s a whopping 487,122% profit! This lucky investor bought the Bitcoin for less than $12 back in the day. This isn’t the…
A crypto analyst is saying Tron (TRX) has been a top performer in the crypto world, but he’s not recommending buying it right now. Tron’s Strong Performance The analyst, known as Sherpa, says Tron has held its value better than most other altcoins over the past couple of years. He points out that Tron is…
A crypto analyst is predicting big things for Polygon (POL), an Ethereum scaling solution. Polygon’s Potential Ali Martinez, a popular crypto trader, believes POL could jump by a whopping 155% from its current price. He’s seeing a technical pattern on the weekly chart that suggests a bullish breakout. However, he warns that if the price…
There’s been a lot of chatter about Donald Trump possibly putting Elon Musk in his cabinet if he wins the election. This has got everyone wondering: What would this mean for crypto? Musk in the White House: A Crypto Boost? The odds of Musk joining Trump’s team have been rising. If it happens, it could…
Shorting Altcoins: A Sign of a Bullish Future? A recent analysis from Santiment, a blockchain analytics firm, reveals that three altcoins – Tron (TRX), Stellar (XLM), and 1inch Network (1INCH) – have seen a surge in short positions on Binance. This means that traders are betting against these coins, expecting their prices to drop. What…
