Bitcoin’s price has been soaring, thanks to institutional investors. It even hit a record high above $111,900! But one analyst thinks the party’s over. The Elliot Wave Theory Predicts a Drop This analyst uses the Elliot Wave Theory, a way to predict price movements by looking at chart patterns. The theory says a five-wave pattern…
Samson Mow, a prominent Bitcoin figure, is sounding the alarm about Bitcoin Core developers. He believes their plans for the network could seriously damage Bitcoin’s value as a currency. Mow’s Accusations Against Core Developers Mow recently took to X (formerly Twitter) to criticize Bitcoin Core developers, arguing they pose a significant risk to Bitcoin. His…
Bitcoin’s price is climbing again, hitting over $106,000. This isn’t just good news for everyone; it’s especially great for long-term Bitcoin holders (LTHs). Their profits are soaring, as shown by a huge jump in their “realized capitalization.” Long-Term Holders are Making Bank After a small dip, Bitcoin’s price has bounced back strongly. Market expert Kyle…
The Nasdaq Crypto Index just got a major upgrade! Four new cryptocurrencies – Solana (SOL), Cardano (ADA), Stellar (XLM), and XRP – were added on June 2nd. Before this, it only included Bitcoin (BTC) and Ethereum (ETH). Index Changes Create ETF Issues This is great news for the crypto market overall, but it caused a…
Charles Hoskinson, the founder of Cardano, recently announced that Midnight, a new privacy-focused sidechain, will be a game-changer for the Cardano network. He claims it will be the biggest economic event in Cardano’s history. The Midnight Launch Hoskinson stated that Midnight’s token generation event (TGE) and foundation launch are happening this month and next. A…
Cathie Wood, CEO of ARK Invest, is betting big on Bitcoin. She believes Bitcoin’s recent performance against gold signals a broader “risk-on” market trend. Bitcoin’s Strength Against Gold Wood highlighted a Bitcoin-to-gold chart, pointing out its continued uptrend. She attributes this to Bitcoin’s resilience (“anti-fragile” nature) in recent turbulent times. She thinks the stock market…
JPMorgan Chase is sounding the alarm about a potential US economic slowdown, even though recent job growth figures look good on the surface. While May’s job numbers beat expectations, a closer look reveals a different story. Beneath the Surface: A Softening Economy According to JPMorgan’s chief global strategist, David Kelly, the headline numbers mask a…
Beware of fake QR codes appearing on New York City parking meters! These codes are part of a scam designed to steal your payment information. How the Scam Works Scammers are placing fake QR codes on parking meters. If you scan these codes, you’ll be directed to a malicious website that asks for your credit…
Uber is exploring the use of stablecoins to potentially lower costs. Stablecoins Catch Uber’s Eye Uber CEO Dara Khosrowshahi recently expressed significant interest in stablecoins, a type of cryptocurrency pegged to assets like the US dollar. He sees them as having practical applications beyond simply being a store of value, unlike Bitcoin, which he acknowledges…
A Bitcoin whale, quiet for two years, recently made a huge move, buying 250 BTC for roughly $26.37 million. This has everyone talking. A Whale Awakens This wasn’t just any purchase. This specific Bitcoin wallet hadn’t shown any activity in two years! The last time it moved, it withdrew 500 BTC from Gemini in 2022…
