Sideways Movement Dogecoin (DOGE) and Shiba Inu (SHIB) have been stuck in a rut after the recent market downturn. While other cryptocurrencies have bounced back, these meme coins have remained stagnant. Correlation with Bitcoin One reason for their lack of movement is their strong correlation with Bitcoin. As Bitcoin’s price has struggled, so have DOGE…
Nigeria’s Crypto Landscape Nigeria’s relationship with cryptocurrency has been rocky, but it’s now starting to thaw. The Nigerian Securities and Exchange Commission (SEC) is now open to the idea of crypto, after months of a hardline stance. Over a third of Nigerians own or use cryptocurrencies, making it a significant market. The SEC acknowledges this…
Three of the largest banks in the United States—JPMorgan Chase, Bank of America, and Wells Fargo—have been implicated in an alleged $92 million money laundering scheme. Drug Money Deposits According to court documents, alleged drug runners and money launderers deposited hundreds of thousands of dollars in illicit funds into accounts at these banks. The US…
Polkadot (DOT) Undervalued Crypto analyst Michaël van de Poppe believes Polkadot (DOT) is significantly undervalued compared to Ethereum (ETH). He predicts DOT will follow ETH’s upward trend due to its potential for growth within the Polkadot ecosystem. Bitcoin Consolidation Van de Poppe expects Bitcoin (BTC) to consolidate around the $60,000 range in the short term….
Convex Finance (CVX) Cryptocurrency analyst Credible Crypto sees bullish potential in CVX, an Ethereum-based altcoin. CVX’s price chart shows similarities to Dogecoin’s prior to its massive breakouts. If support levels hold, CVX could experience significant gains. Bitcoin (BTC) Credible Crypto suggests BTC has a chance of rallying in the coming weeks and months. The analyst’s…
Cryptocurrency analyst Kevin Svenson believes altcoins are poised for a surge soon. Bitcoin and Ethereum Driving Altcoin Momentum Svenson points to Bitcoin’s recent sideways consolidation and Ethereum’s continued growth as indicators of an impending altseason. He notes that Bitcoin has dominated the market narrative since early 2023, but that narrative is now shifting towards altcoins….
Crypto analyst Zen has identified several liquidity pools that could influence Bitcoin’s price in July and beyond. Potential Downside Liquidity Pools $60,260 $59,440 $58,990 $56,850 If these pools are cleared, it could lead to a significant price drop, potentially down to $53,000. Potential Upside Liquidity Pools $61,540 $62,540 $63,260 $64,920 Clearing these pools could push…
Current Situation Bitcoin has taken a hit, dropping 7% to $59,478 last week. It’s since tried to recover but has been stuck between $60,100 and $62,300. Bollinger’s Prediction John Bollinger, the creator of the Bollinger Bands, believes Bitcoin will continue to consolidate. He sees no clear direction after a price reversal at the lower Bollinger…
The Dip Bitcoin has been taking a hit lately, falling as low as $59,500. Investors are hoping the worst is over, but it’s hard to say if Bitcoin is ready to bounce back. Support Level to Watch CryptoQuant, a crypto intelligence firm, has identified a crucial support level for Bitcoin: $56,000. This level has acted…
Coinbase to List Shiba Inu Coinbase, the largest crypto exchange in the US, is planning to list Shiba Inu (SHIB) for its futures contracts. They’ve submitted a filing to the Commodity Trading Futures Commission (CFTC) to start trading soon. Shiba Inu’s Growing Influence This filing is a major boost for Shiba Inu, showing its growing…
