Current State of XRP XRP’s price has been stuck in a rut lately, hovering between $0.6 and $0.4 for the past two years. While other cryptocurrencies like Bitcoin and Ethereum have seen impressive gains, XRP has fallen behind. Analyst’s Perspective Crypto analyst Josh Olszewicz believes XRP is “dead” and not worth investing in. He argues…
Google is supporting a new program that will provide $2.7 million in guaranteed income to 225 families in San Francisco who are struggling with homelessness. Program Details The five-year program, called “It All Adds Up,” will give each family $1,000 per month for one year. Participants can use the money for any purpose they choose….
Cryptocurrency trader Rekt Capital believes Bitcoin (BTC) may have reached a market bottom after a deep correction. Deepest Correction in Cycle The recent correction, which saw Bitcoin fall into the high $50,000 range, is the deepest in the current cycle, surpassing the 23% decline in early 2023. Bottoming Out Based on the correction’s depth and…
BNB Analyst DonAlt predicts a breakout for BNB, the native token of the BNB Chain. He believes a dip would be an opportunity to buy, but a drop below $450 would be concerning. The BNB/BTC pair also shows strong dominance. Bitcoin Bitcoin’s behavior around $70,000 and $57,000 will determine its next move. A close above…
Cryptocurrency trader Ali Martinez believes that Dogecoin (DOGE) is showing signs of a potential bull run, based on its past price behavior. Historical Patterns Martinez notes that in 2017 and 2021, DOGE broke out of descending triangles on the weekly chart, followed by significant price corrections. In 2017, DOGE retraced 40% before a 982% bull…
Bitcoin Triggering Market Anxiety Cryptocurrency analyst MilkyBull predicts that the Bitcoin price will continue to decline before it rebounds. He believes that the current price drop has caused outflows from Blackrock iShares Bitcoin Trust, a sign of fear in the market. MilkyBull also notes that historically, negative news often precedes a Bitcoin market bottom. Technical…
Standard Chartered Bank, a major international bank, has issued a warning that Bitcoin’s price could plummet further, potentially reaching $50,000. Factors Contributing to the Decline Macroeconomic factors: Rising inflation and the Federal Reserve’s decision to keep interest rates unchanged are putting pressure on Bitcoin. Crypto-specific factors: Reduced liquidity in the US and outflows from Bitcoin…
Price Drop Sparks Liquidations Bitcoin’s recent dip below $59,000 sent shockwaves through the market. This triggered $120 million in liquidations of futures contracts that bet on a price increase. Not a Mass Exodus Unlike previous selloffs, this liquidation doesn’t indicate a panicked sell-off. Investors are taking a measured approach, suggesting a short-term correction rather than…
Growing Interest in Digital Assets A recent survey by Fidelity Digital Assets shows a surge in institutional interest in cryptocurrencies like Bitcoin. 74% of respondents plan to invest in digital assets, up from 71% last year. US Investors Jump on the Bandwagon US investors have shown a significant increase in their appetite for crypto, with…
Slow Progress on Privacy Edward Snowden, the famous whistleblower, has been warning about Bitcoin’s lack of privacy for years. He believes that Bitcoin developers need to add privacy features to the protocol itself. “I’ve been saying this for ten years,” Snowden said. “This is the last chance. Time’s running out.” Wasabi Wallet’s Announcement Snowden’s comments…
