A crypto analyst, Leo Hart, has predicted a wild six-month ride for Bitcoin, potentially reaching a whopping $188,000. Let’s break down his roadmap: The Stages of Bitcoin’s Ascent Hart’s plan is divided into four stages: Stage 1: Maximum Power Law Trend Departure Target: $108,000 Timeline: Two weeks The Gist: Hart believes Bitcoin will hit $108,000…
XRP is making a comeback! After a slow start to May, it’s showing some serious bullish momentum. Let’s dive into the details. The $2.25 Hurdle XRP is currently testing the $2.25 mark – a major resistance level it’s been battling since January. This level is crucial; breaking through it could send XRP much higher. But,…
Bitcoin recently surged past $100,000, exciting investors. But a closer look at the data reveals a potential problem. A Price Jump, But Low Interest While Bitcoin hit a high of $103,800 (its best since January!), the amount of money invested in Bitcoin derivatives hasn’t followed suit. This is measured by “open interest” (OI), and it’s…
Bitcoin’s price has been on a tear lately, climbing back above $100,000 after hitting a low of $74,000. Could this be the start of a massive price surge? Some analysts think so. Is Bitcoin Following Gold’s Lead? CryptoQuant analyst Ibrahim Cosar thinks Bitcoin might be poised for a parabolic rally, similar to gold’s recent performance….
BlackRock, a major investment firm, recently met with the SEC’s crypto task force to chat about all things crypto. This meeting highlights the growing US interest in the crypto world. Staking and ETFs: A Big Deal A key topic was staking in ETFs (exchange-traded funds). BlackRock wanted the SEC’s take on allowing ETFs that offer…
Major US banks are bracing for potential loan defaults. Facing growing economic uncertainty, they’re setting aside a massive amount of money to cover possible losses. Billions in Provisions According to S&P Global, JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup – the four biggest US banks – are collectively putting aside a staggering $34.87…
Wellgistics Health (WGRX), a pharmaceutical distribution and healthcare infrastructure company, saw its stock price plummet after announcing a new initiative involving XRP cryptocurrency. XRP Integration Tanks Stock Price The company secured a $50 million credit facility to use XRP for real-time payments and as a treasury reserve asset. They’re building a platform to enable instant…
A Phoenix, Arizona man is going to prison for a multi-million dollar romance and money laundering scheme. Romance Scam Turns into Millions in Losses Kingsley Ibhadore, a 37-year-old US resident and Nigerian citizen, conned multiple women into sending him large sums of money through online relationships. Victims sent checks ranging from $30,000 to $200,000, believing…
Saudi Arabia is reportedly delaying its formal entry into the BRICS alliance to avoid upsetting the United States. A Delicate Balancing Act According to sources, despite attending a recent BRICS meeting in Brazil and even appearing on the group’s website as a member, Saudi Arabia is hesitant to fully commit. This is a tricky situation…
Bitcoin recently hit a high of $104,300, sparking questions about what’s next. Let’s dive into one expert’s prediction. The Big Picture: A Correction Coming? According to analysts at NewThoughtCrypto, Bitcoin’s recent surge to $104,300 completes a five-wave “impulse” pattern (based on Elliott Wave Theory). This theory suggests that markets move in predictable wave patterns. After…
