Ethereum, the second biggest cryptocurrency, has been having a rough time lately. Its price has been going up and down, and analysts are trying to figure out if people are buying it up or selling it off. Exchange Reserves: A Warning Sign? One analyst, Shayan, looked at the amount of Ethereum held in exchange wallets….
A popular crypto analyst, known as Altcoin Sherpa, is feeling optimistic about the future of crypto. He’s predicting a major rally, which he calls a “full send,” sometime in December or early next year. Bullish on Crypto, But Cautious on Ethereum and Solana While he’s bullish on the overall market, Sherpa is a bit more…
The Securities and Exchange Commission (SEC) is throwing a wrench into FTX’s plan to repay its creditors with stablecoins. While the SEC acknowledges the plan might not be illegal, they’re still warning that they could challenge any transactions involving crypto. SEC’s Overreach? This move has sparked criticism, with some arguing that the SEC is overstepping…
Big Trouble for a Big Bank TD Bank, a major player in the US banking scene, is facing a hefty fine for its role in a massive money laundering scheme. Regulators are investigating the bank for allegedly allowing Chinese gangs to launder $650 million in drug money between 2016 and 2021. The Bank is Preparing…
Mark Yusko, a big name in the hedge fund world, thinks Wall Street is messing with Bitcoin’s price. He believes that Bitcoin ETFs, which let people invest in Bitcoin through the stock market, are giving Wall Street more control over the price. Wall Street’s Shorting Strategy Yusko says he doesn’t see a ton of people…
Bitcoin has been on a rollercoaster ride lately, with a recent dip below $50,000 making some investors nervous. But one analyst, CryptoCon, says there’s no need to worry. He believes the bull run is still alive and kicking, and Bitcoin is on track to hit $100,000. Why CryptoCon is Bullish on Bitcoin CryptoCon sees the…
Shiba Inu (SHIB) has started September off on the wrong foot, with its price dropping since the beginning of the month. Historical data suggests that September might not be a good month for SHIB, as it has often ended with a loss in previous years. A Bearish Outlook SHIB is currently down over 3% since…
Bitcoin has been on a rollercoaster ride lately, and it seems like it’s taken another tumble. Over the weekend, BTC dipped below $58,000, hitting a low of $57,100 – a level not seen since mid-August. Coinbase Users Turn Sellers So what’s behind this latest dip? One potential culprit is the Coinbase Premium Index. This index…
Crypto markets are feeling the heat as investors pull back their money. Last week saw a whopping $305 million outflow from crypto investment products, with Bitcoin taking the biggest hit. The US Leads the Outflow Trend The US saw the most significant outflows, with $318 million leaving the market between August 26th and August 31st….
Elon Musk, the world’s richest man, has dropped a hint that Dogecoin (DOGE) could be making a return as a payment method for Tesla merchandise. This comes after Musk won a lawsuit accusing him of manipulating the price of Dogecoin. Musk’s Dogecoin Love Musk, in a recent X (formerly Twitter) post, replied “Me” to a…
