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Bitcoin’s price recently jumped over 12%, hitting a high of $95,600. But don’t let that fool you! Behind the scenes, something interesting is happening. Short Sellers are Winning Data from Glassnode shows a surprising trend: even with the price increase, a lot of traders are betting against Bitcoin. They’re placing “short” bets, hoping the price…
Bitcoin’s price has skyrocketed past $90,000 and is now trading above $95,000! Let’s dive into what’s fueling this incredible rally. Who’s Behind the Bitcoin Boom? A cryptocurrency analyst, IT Tech, recently analyzed the Bitcoin price surge from around $74,000 to its current level. Their findings point to a fascinating shift in investor behavior. The Role…
Citigroup is betting big on stablecoins. Their latest report predicts massive growth for this type of cryptocurrency. But what’s driving this prediction, and what are the potential roadblocks? A Bright Future for Stablecoins? Citigroup forecasts a sevenfold increase in the stablecoin market within the next five years. They link this optimistic outlook to the US…
Dogecoin’s price has been struggling, but some analysts see a potential surge on the horizon. Recent price increases and technical indicators are fueling optimism that the long-awaited $1 price could be within reach. Bull Flag Pattern Points Upward Crypto trader Kamran Asghar spotted a “bull flag” pattern on Dogecoin’s weekly chart. This pattern often signals…
Bitcoin’s price has been on a roll lately, jumping 12% in the past week thanks to strong demand. Even after a slight dip, the overall feeling is still very bullish. A Bullish Flag Pattern Emerges A crypto analyst, Titan of Crypto, spotted a “bull flag” pattern on the Bitcoin 4-hour chart. This pattern often means…
This week saw several reports of bank account thefts and confusion over account closure policies. Here’s a rundown: Zelle Scam Costs JPMorgan Chase Customer $28,000 A shocking $28,000 was stolen from an 86-year-old JPMorgan Chase customer’s account using Zelle. Police in Connecticut say his caretaker, Jennifer Cedeno-Leon (37), is responsible for making unauthorized transfers to…
Wells Fargo is shelling out $185 million to settle a class-action lawsuit related to COVID-19 mortgage forbearances. The settlement impacts customers who were placed into forbearance programs without their explicit consent. Who Gets Paid? The settlement covers Wells Fargo mortgage customers whose loans were put into forbearance between March 1, 2020, and December 31, 2021,…
A popular crypto analyst, Altcoin Sherpa, is predicting a significant price jump for Pepe (PEPE), a meme coin similar to Dogecoin and Shiba Inu. He believes PEPE is poised for a doubling in price. PEPE’s Price Prediction Sherpa points to a past price pattern as the basis for his prediction. He claims PEPE followed a…
A crypto analyst is betting on Solana (SOL) to outperform Ethereum (ETH) when the crypto market’s next bull run arrives. Solana’s Recent Performance Inmortal Crypto, a popular analyst with a large following on X (formerly Twitter), points to Solana’s recent performance as a key indicator. During April’s market bounce, SOL saw a significant price increase…
The Federal Reserve just made it a lot easier for banks to get involved in the crypto world. They’ve dropped the requirement for banks to ask permission before working with crypto businesses. A Big Change in Policy This is a major shift from the Fed’s previous cautious approach. It’s a win for banks wanting to…
