Bitcoin took a bit of a tumble over the weekend, dropping to around $103,000. While it’s recovered slightly, it’s still below its recent all-time high of $111,814. But don’t panic! Some analysts think this dip could actually be good news. Massive Liquidations: A Market Reset? A huge chunk of Bitcoin long positions – $202 million…
Bitcoin exchange-traded funds (ETFs) in the US saw a significant shift last week, ending a six-week winning streak. Let’s break down what happened. A Week of Outflows Recently, investment in US Bitcoin ETFs slowed down, mirroring a general cooling-off in the crypto market. Global trade issues might be making investors a bit more cautious. The…
Senator JD Vance’s recent endorsement of Bitcoin has sent shockwaves through the crypto world. This isn’t just some random politician; Vance is a rising star, and his support signals a major shift in how Bitcoin is perceived. Vance’s Bitcoin Backing: A Game Changer? Vance’s prediction that Bitcoin ownership in the US could double to 100…
Bitcoin recently dipped below its all-time high of $112,000, dropping over 7%. This drop has brought it to a crucial support level, and what happens next is key. Geopolitical Uncertainty Global tensions, particularly between the US and China, are making things shaky in the markets. Trade disputes are adding to the volatility, making investors cautious…
Cryptocurrency prices took a hit on Friday, but Cronos (CRO) went against the grain. This surge follows a big move by asset manager Canary Capital. Canary Capital’s CRO ETF Push Canary Capital filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch a CRO exchange-traded fund (ETF). This ETF would give investors a…
JPMorgan Chase CEO Jamie Dimon recently issued a stark warning about the US economy, predicting a looming crisis in the bond market. Speaking at a Ronald Reagan Presidential Foundation event, Dimon stated that the long-term consequences of the massive money printing since 2020 are yet to be fully realized. A Crack in the System? Dimon…
Six people are facing serious charges in connection with a massive food stamp fraud scheme, the Department of Justice (DOJ) announced. The alleged scheme raked in a staggering $66 million by exploiting the Supplemental Nutrition Assistance Program (SNAP). The Scheme: Illegal Terminals and Bribery The DOJ alleges that Michael Kehoe led a group that illegally…
FTX, the bankrupt cryptocurrency exchange, has begun its second round of payments to creditors, distributing over $5.4 billion. Second Round of Repayments This follows an initial payout to smaller creditors earlier this year. This round includes both those smaller creditors and those with larger claims. Creditors will see the money in their accounts within one…
Bitcoin’s price dipped a bit recently, leaving some wondering if the party’s over. But don’t count out the bulls just yet! Some clever number-crunching suggests there might be more upside. Is Bitcoin Overheating? Not Yet, Says Data A company called Alphractal looked at some Bitcoin data and found something interesting. They used something called the…
Bitcoin’s recent price action has been a bit of a rollercoaster. After hitting a new all-time high above $111,000, it’s cooled off significantly, dropping below $104,000 in the past week. What’s next? A Crucial Price Point Crypto analyst Daan Crypto says Bitcoin needs to decisively close above $106,000. This price level is a key support…
