Bitcoin’s been lagging behind the stock market lately, and some analysts think that could be a good thing. Bitcoin took a tumble in early July, losing 10% of its value. While it’s recovered a bit, it’s still trailing behind the S&P 500 and other stocks. This is unusual, as Bitcoin and the stock market have…
Bitcoin is on the rebound, and institutional investors are jumping on board. Spot Bitcoin ETFs, which allow investors to buy Bitcoin without directly owning it, saw a huge influx of cash last week. A Record Week for Bitcoin ETFs JPMorgan reported that Spot Bitcoin ETFs saw their best week in over a month, with $882…
Shiba Inu’s lead developer, Shytoshi Kusama, has big plans for the popular meme coin. He’s not just aiming for growth, but a complete transformation into a leading force in the world of decentralized technology. A Trillion Dollar Dream Kusama envisions Shiba Inu becoming the first decentralized currency to reach a trillion dollar market cap. He…
Senator Cynthia Lummis, a big supporter of crypto, is once again advocating for Bitcoin to be used as a reserve asset by the US government. She believes this would help strengthen the US dollar. Lummis has also spoken out against the creation of a US central bank digital currency (CBDC), arguing that it would be…
Ethereum Network Activity Cools Down Ethereum gas fees, the cost of transactions on the network, have hit their lowest point in almost two months. This indicates a slowdown in activity on the Ethereum network. It’s like the highway is less crowded, and transactions are moving faster. Why the Slowdown? The decline in gas fees suggests…
A popular crypto analyst, known as Altcoin Sherpa, is predicting a strong finish to the year for Solana (SOL), a top-10 cryptocurrency. Solana’s Bullish Outlook Sherpa believes that Solana’s market structure is healthy and that it’s poised for a breakout before the year ends. He highlights several reasons for his optimism: Strong Price Action: Solana’s…
The German government is continuing to sell off its Bitcoin stash, with its holdings now below 4,000 BTC. Bitcoin Sell-Off Continues According to data from blockchain analytics platform Arkham Intelligence, Germany has sold hundreds of millions of dollars worth of Bitcoin in the past 24 hours. This follows a trend of selling the cryptocurrency over…
China’s economy is facing a serious crisis, and it’s showing up in the banking sector. In just one week, 40 smaller banks vanished, swallowed up by larger institutions. This is a huge deal, even bigger than the US savings and loan crisis of the 1980s and 90s. Why Are Banks Failing? The main culprit is…
A Bitcoin expert is seeing signs that the cryptocurrency might be on the verge of a comeback. Jamie Coutts, a well-known crypto analyst, says a key Bitcoin metric is flashing green, suggesting a potential bullish reversal. This metric, known as the hashrate, is a measure of the computing power used to mine Bitcoin. Hashrate Slowdown…
Bitcoin has been on a wild ride lately. After a brief surge fueled by good inflation news, it’s back down near $56,000. A Bearish Outlook? One analyst, “Luca VIP,” thinks the dip isn’t over yet. He sees Bitcoin stuck in a consolidation phase after hitting resistance at $59,000. He predicts it could drop even further,…
