Bitcoin has been on a rollercoaster ride lately. After a big jump in price, it couldn’t hold onto its gains and is now trading below $56,000. So, is Bitcoin undervalued? What’s Causing the Price Dip? There are a few factors at play: Macroeconomic Issues: The overall market is facing some challenges, and Bitcoin is feeling…
Bitcoin has been on a downward trend recently, but some big players might be taking advantage of the dip. Whales Are Moving Bitcoin Off Exchanges Data shows that a huge amount of Bitcoin has been withdrawn from spot exchanges. This means that investors are taking their coins off the exchanges and storing them in their…
The crypto market is in a slump, with investors feeling increasingly pessimistic. The Fear & Greed Index, a gauge of market sentiment, has been steadily declining for the past month, hitting its lowest point of the year. This drop mirrors the recent fall in Bitcoin’s price, which dipped below $53,000 last week. Fear Reigns Supreme…
Legal expert John E. Deaton thinks Bitcoin is more than just a digital currency – it’s a symbol of freedom. He sees Bitcoin as a way to fight against centralized financial control and empower individuals. Bitcoin: A Tool for Self-Determination Deaton believes that Bitcoin’s decentralized nature gives people more control over their finances. He sees…
Cardano founder, Charles Hoskinson, recently gave a big update on the progress of Cardano and the upcoming Chang hard fork. He said that the hard fork is almost ready and will be happening soon. Chang Hard Fork is Almost Ready Hoskinson talked about the challenges and successes of Cardano over the past few years. He…
Ethereum’s price has taken a hit, dropping by about 25% since its peak in March. While the overall market slump and Bitcoin’s price drop are likely contributing factors, some believe a specific project might be responsible for Ethereum’s woes. Golem: A Project With a Big Past and a Questionable Present Golem, an Ethereum-based project that…
Crypto analytics firm Santiment is saying that some big-name altcoins could be poised for a short-term rally after a recent dip. What’s the Deal with MVRV? Santiment uses a metric called Market Value to Realized Value (MVRV) to figure out if a coin is undervalued. Think of it like a sale: a lower MVRV means…
A former bank manager in Louisiana is facing serious charges after admitting to stealing over $250,000 from customers to fund his own lifestyle. From Bank Manager to Criminal Eric Jason Schouest, 53, was a manager at a Regions Bank branch in Plaquemine, Louisiana. He used his position of trust to access customer accounts, move money…
The US national debt is skyrocketing. In just six months, the debt jumped by a whopping $876 billion, reaching a staggering $34.866 trillion. Debt Concerns: A Former CIA Director Speaks Out Former CIA Director Mike Pompeo is sounding the alarm, warning that the nation’s growing debt is a serious threat to national security. He points…
The House of Representatives could vote this week to overturn President Biden’s veto of a bill that would scrap a controversial rule from the Securities and Exchange Commission (SEC). This rule, known as Staff Accounting Bulletin (SAB) 121, says that companies holding digital assets for their customers should list them as liabilities on their financial…
