Leverage is on the rise in the Bitcoin market, and that’s got analysts worried. What’s the Deal with Leverage? Leverage lets traders control a bigger position with a smaller amount of cash. It can boost profits, but it also makes losses much bigger. Think of it like borrowing money to invest. You can win more,…
Bitcoin ETFs are attracting a ton of money. Last week alone, they saw over $2 billion in new investments. That’s the fourth highest weekly inflow since they launched in January. BlackRock’s IBIT is the biggest winner. It received over $1 billion in new investments, bringing its total to $22.84 billion. Fidelity’s FBTC came in second…
Bitcoin has been holding steady around $68,000, but some analysts are predicting a potential dip in the near future. A Technical Indicator Points to a Correction A popular crypto analyst, Ali Martinez, has used a technical indicator called the “Tom Demark” (TD) Sequential to suggest that Bitcoin might be headed for a brief correction. The…
Bitcoin has been steadily climbing, and experts are predicting a breakout. Bitcoin’s Breakout: A Bullish Outlook Bitcoin is currently trading above $68,000, and everyone’s waiting to see if it can break through the $69,000 mark. This would confirm a breakout from a long period of accumulation, which has built up a lot of momentum. A…
US officials are calling on President Biden to intervene in the case of Tigran Gambaryan, a Binance executive detained in Nigeria. A Detained American Citizen Gambaryan, a former IRS officer and US citizen, has been held in Nigerian custody for over seven months. He was arrested in February alongside a colleague, Nadeem Anjarwalla, after visiting…
The US Securities and Exchange Commission (SEC) has given the green light for options trading on several Bitcoin ETFs, which is a big deal for the market. This means exchanges like the NYSE and CBOE can now offer options for ETFs like Grayscale Bitcoin Trust (GBTC), Fidelity Wise Origin Bitcoin Fund (FBTC), and more. What…
Samson Mow, a big Bitcoin advocate, recently spoke to German lawmakers in the Bundestag, urging them to embrace Bitcoin. He believes that widespread Bitcoin adoption, or “hyperbitcoinization,” could lead to a future where Bitcoin becomes the global currency. A Three-Step Plan for Bitcoin Adoption Mow presented a three-step plan for countries to adopt Bitcoin: Put…
Ethereum is getting ready to make a big move, and analysts are excited! The price is currently hovering around a key resistance level, and if it breaks through, it could trigger a major surge. Ethereum’s Breakout Potential The crypto market is on a roll, and everyone’s hoping Ethereum will catch up to Bitcoin’s recent rally….
Wells Fargo is facing a class action lawsuit over a massive data breach that allegedly exposed thousands of customers’ personal information. What Happened? The lawsuit claims that Wells Fargo suffered a “preventable hack” where an insider at the bank accessed and used customer data to commit fraud between May 2022 and March 2023. The stolen…
A popular crypto analyst, known as DonAlt, thinks Dogecoin (DOGE) could be about to explode in price. He’s predicting a massive surge, potentially over 600% from its current value. DonAlt’s Dogecoin Prediction DonAlt, who has a huge following on social media, says he’s bought DOGE at around $0.12 and thinks it could reach $1. He’s…
