Mike Novogratz, head of Galaxy Digital, thinks the current state of the US economy is actually good news for Bitcoin and other cryptocurrencies. Institutional Adoption and Government Support Novogratz credits the rise of crypto to several factors. He points to Larry Fink of BlackRock, a huge investment firm, publicly supporting Bitcoin as a turning point….
A popular crypto analyst, TechDev, is predicting a huge price surge for Bitcoin (BTC), comparing its current chart pattern to gold’s recent price explosion. Bitcoin’s Breakout TechDev, who boasts a large following on X (formerly Twitter), points to a “cup-and-handle” pattern on Bitcoin’s two-week chart. This pattern often signals a significant price increase after a…
Macroeconomic analyst Luke Gromen predicts that governments may soon impose capital controls, and investors should prepare. A Looming Trade War and Capital Controls Gromen believes the ongoing US-China trade war is unsustainable. He argues that to prevent economic collapse, Western governments will likely need to control the flow of capital. This could involve measures like…
A new report reveals the US is the undisputed king of Bitcoin, controlling a whopping 40% of all Bitcoins in circulation. That’s over $790 billion – more than most Fortune 500 companies are worth! Beyond Just Ownership America’s Bitcoin dominance goes beyond just owning coins. The report highlights several key areas: Corporate Holdings: US publicly…
Dogecoin (DOGE) is making some serious moves! After a period of lower prices, it’s broken out of a long-term downtrend, which has analysts pretty excited. A Technical Breakout According to one analyst, this breakout signals a potential big jump to a new support zone between $0.42 and $0.43. They believe this could happen within the…
Dogecoin’s price has dipped recently, but don’t panic! A seasoned crypto analyst, Trader Tardigrade, sees this as a setup for a major price jump. A Technical Look at Dogecoin After a strong run, Dogecoin’s price naturally corrected. But Trader Tardigrade’s analysis suggests this correction is almost over. He’s spotted a “Channel Pullback” pattern on the…
Bitcoin recently hit a high near $108,000, a huge jump from early April. But is this rocket about to keep soaring, or is it about to crash? Bitcoin’s Price: A Balancing Act The price is currently hovering around $106,000, a level acting as both a support and resistance point. While some experts are super bullish,…
Circle, the company behind the popular stablecoin USDC, is reportedly looking for a buyer and wants at least $5 billion for the deal. This could mean they’re ditching their plans for an initial public offering (IPO). A Bidding War? Both Coinbase and Ripple are rumored to be interested in acquiring Circle. Fortune magazine, citing sources…
Moody’s, a major credit rating agency, recently downgraded the ratings of three banking giants: JPMorgan Chase, Bank of America, and Wells Fargo. This follows Moody’s decision to lower the US government’s credit rating from AAA to AA1. Why the Downgrades? The reason for the bank downgrades boils down to the US government’s weakened ability to…
A Veteran Takes the Lead BTCC, a major cryptocurrency exchange celebrating its 14th anniversary this June, has appointed Dan Liu as its new CEO. Liu, previously BTCC’s Chief Research Officer, brings a wealth of experience in both traditional finance and the crypto world. This appointment marks a significant step for BTCC as it looks to…
