The price of Bitcoin has taken a nosedive, and the German government is partly to blame. They’ve been selling off their Bitcoin stash, and it’s putting serious pressure on the cryptocurrency. Germany’s Massive Bitcoin Dump The German government has been unloading Bitcoin for weeks, selling hundreds of millions of dollars worth. In June alone, they…
A big name in the investment world, VanEck, is making waves with its take on Bitcoin. This firm, managing a whopping $89.5 billion in assets, is recommending a 6% allocation to Bitcoin for diversified portfolios. What’s Driving Bitcoin’s Price? VanEck’s head of digital assets research, Matthew Sigel, sheds light on the recent volatility in Bitcoin’s…
Doja Cat, the famous singer, recently became the latest victim of a celebrity hack. Her Twitter account was taken over by scammers who used it to promote a fake Solana-based meme coin called “DOJA.” A Growing Trend This incident highlights a growing trend of scammers using celebrity social media accounts to promote fake crypto schemes….
Mt. Gox, the defunct crypto exchange, has been moving around a lot of Bitcoin lately, and people are worried about the potential impact on the market. But Cryptoquant founder Ki Young Ju says we shouldn’t panic. Here’s why: Why Mt. Gox’s Bitcoin Move Might Not Affect the Price Ki Young Ju thinks Mt. Gox’s Bitcoin…
The legal battle between Ripple and the SEC is heating up, with XRP enthusiasts eagerly awaiting a decision on penalties and remedies. The legal proceedings concluded two months ago, and speculation is running high. A Friday Prediction? One pro-XRP lawyer, Fred Rispoli, believes a ruling could come as early as this Friday, a day before…
For the past few years, everyone’s been talking about “cryptocurrency” and “blockchain.” But what exactly are they, and how are they connected? Let’s break it down. Understanding Cryptocurrency Think of cryptocurrency as digital money. It’s like regular cash, but it exists only online. Cryptocurrency uses special codes to keep transactions secure, making it super hard…
A popular crypto analyst is predicting a huge surge for Ethereum (ETH) later this year. Ethereum’s Big Comeback? The analyst, known as Inmortal, believes that Ethereum is currently in a correction phase, but this will lead to a massive price increase starting in October. He predicts Ethereum will reach a new all-time high of around…
Crypto firm Galaxy Digital thinks Ethereum (ETH) exchange-traded funds (ETFs) will be popular, but not as popular as Bitcoin (BTC) ETFs. Ethereum ETFs: Less Inflow Than Bitcoin ETFs According to Galaxy Digital, Ethereum ETFs will attract about one-third of the money flowing into Bitcoin ETFs. They came to this conclusion by comparing the market value,…
A well-known crypto analyst, TechDev, believes Bitcoin is currently in a “bear trap” phase. This means that the price is being pushed down to scare off investors before a massive price surge. Bitcoin’s Past Predicts its Future TechDev’s analysis suggests that Bitcoin is mirroring its price action from 2017, right before a huge price jump….
Is Bitcoin in trouble? Veteran trader Peter Brandt thinks so. He’s predicting a potential drop to $44,000 based on a technical indicator called a “double top.” What’s a double top? It’s a bearish pattern that suggests a big price drop is coming. Think of it like a mountain with two peaks. If Bitcoin reaches those…
