Visa and Mastercard recently took a major financial hit, losing a combined $60 billion in market value. This isn’t just a temporary dip; it signals a shift in the payments landscape. Businesses and consumers are increasingly questioning the high fees and limitations of traditional credit card networks. Enter cryptocurrencies, offering innovative, fee-free alternatives. The Rise…
The Securities and Exchange Commission (SEC) has appointed a former crypto executive to a top position. Jamie Selway, a veteran in financial services, will become the SEC’s new Director of Trading and Markets, starting June 17th. A Shift in Approach? SEC Chairman Paul Atkins stated that Selway will help ensure the agency’s regulations find a…
Bitcoin is struggling to break through a major resistance level, according to the analytics platform Swissblock. Bitcoin Stuck Below $110,000 Currently trading around $104,000, Bitcoin is facing a tough time climbing above its all-time high of nearly $112,000. Swissblock sees Bitcoin “stalling” below $110,000, creating a trading range between $100,000 and $110,000. They believe a…
Investing legend Ray Dalio is warning investors about the dangers of meme stock trading. He says people are getting caught up in the hype and ignoring a crucial factor: price. The Meme Stock Trap Dalio points out that every so often, a particular meme stock becomes incredibly popular. Everyone piles in, believing it will keep…
Shaquille O’Neal is paying $1.8 million to settle a lawsuit stemming from his endorsement of the now-defunct cryptocurrency exchange, FTX. The FTX Fallout The lawsuit accused O’Neal, along with other big-name celebrities, of promoting FTX without properly investigating the company. FTX went bankrupt in 2022 after its CEO, Sam Bankman-Fried, was revealed to have defrauded…
Bitcoin’s price is acting a bit strangely, caught in what analysts are calling a “descending triangle” pattern. This, combined with rising tensions between Israel and Iran, makes predicting its next move tough. A Triangle of Uncertainty Bitcoin recently failed to break through $110,000. Now, it’s below its 21-day moving average but above its 50-day moving…
Bitcoin took a bit of a dive recently, dropping almost 5% in just two days. This happened right after some serious international tension flared up. The price briefly dipped below $100,000 before recovering slightly. But according to one analyst, Bitcoin needs to stay above a certain price to avoid a much bigger drop. Holding the…
Bitcoin’s price has been climbing lately, even making new highs, despite some market turmoil. This is surprising, given what usually happens. The Usual Story: Bitcoin and Macroeconomics Historically, Bitcoin’s price has been closely tied to a few key economic indicators: US Dollar Index (DXY): This measures the US dollar’s strength against other currencies. US Treasury…
Bitcoin’s price has been a rollercoaster lately. Let’s break down what’s happening and what experts predict. A Week of Ups and Downs Last week, Bitcoin dipped to a one-week low. It’s trying to bounce back above $104,000-$105,000, but some analysts think it might fall further. A big drop to $102,000 was partly due to news…
Bitcoin’s been hanging around $105,000 for a week, Ethereum’s trying to stay above $2,500, and XRP’s holding steady above $2.10. While some analysts are still bullish, others are sounding the alarm. A Bearish Prediction Crypto analyst Warren Muppet recently issued a pretty gloomy forecast, predicting a significant market correction. His prediction, shared on X (formerly…
