Bitcoin is facing a tough time as the US Federal Reserve (Fed) continues to tighten its grip on inflation. Fed’s Cautious Approach Fed Chairman Jerome Powell recently hinted at optimism about inflation but stressed the need for sustained improvement before easing rate hikes. While inflation has slowed down a bit, the Fed believes it won’t…
David Lawant, head of research at FalconX, believes Bitcoin is poised for a significant rally in the coming months. Coinbase Premium Discount: A Sign of Market Sentiment The Coinbase Bitcoin premium index measures the difference between the price of BTC on Coinbase Pro and Binance. A negative premium indicates weak buying pressure from US investors….
Crypto tracker Lookonchain reports that large investors, known as whales, have been buying up Chainlink (LINK). Withdrawals from Binance In the past week, 54 new wallets have withdrawn 2.08 million LINK worth $30.28 million from Binance. Lookonchain suggests that these addresses may belong to institutions. Market Performance At the time of writing, LINK is trading…
Former BitMEX co-founder Arthur Hayes believes that the upcoming devaluation of fiat currency will drive up the prices of Bitcoin and stocks. Inflationary Cycle Hayes predicts that the economy is entering a new inflationary cycle. He cites projections from the Congressional Budget Office, which estimate a record-high US federal budget deficit of $1.9 trillion in…
Crypto expert Pentoshi believes Bitcoin (BTC) has unlimited potential for growth, despite its recent dip. Short-Term Correction Possible Pentoshi predicts a potential correction of 20-25% to around $48,000-$51,000. However, he sees this as a buying opportunity. Long-Term Bullish Outlook Pentoshi attributes the long-term bullish outlook to the expected loosening of monetary policy by the Federal…
Range Bottom and Fireworks Crypto analyst Quinten François is bullish on Bitcoin’s future, predicting it could soar to $4.5 million. He believes Bitcoin is at the bottom of a growth range, which could lead to significant gains. Halving Hype François highlights the importance of Bitcoin’s fourth halving, which he says could trigger a surge in…
Swedish asset manager Virtune has hailed XRP for its exceptional features, particularly its suitability for international transfers. Lightning-Fast Transactions Virtue highlights XRP’s ability to complete transactions in mere seconds, making it ideal for cross-border payments. This eliminates delays and ensures timely settlement of funds. Transparency and Reliability XRP’s underlying blockchain technology is praised for its…
Private Key Leaks: The Biggest Threat Storing private keys on easily accessible platforms like cloud storage or messaging apps Sharing keys through unencrypted channels Hackers using “credential stuffing” to access cloud storage and steal keys Phishing: An Ongoing Threat Phishing scams using fake social media profiles and links 80% of first comments on project accounts…
Soaring Swapper Volume Uniswap, a leading decentralized exchange (DEX), has reached a major milestone with its swap volume reaching an all-time high. This surge in activity reflects the growing popularity of DEXs as users seek more control and flexibility in their trading. DeFi Adoption and Innovation The increase in Uniswap’s swap volume is driven by…
Crypto Market Volatility The crypto market faced a turbulent June, with Bitcoin’s price plummeting by $10,000. Factors like Mt. Gox repayments, miner sell-offs, and government liquidations contributed to the dip. ETFs Show Resilience Despite the bearish sentiment, investors in spot Bitcoin ETFs remained steadfast. These ETFs track Bitcoin’s price directly and were initially met with…
