A Shift in Sentiment After three straight weeks of investors pouring money into Bitcoin ETFs, the tide has turned. Last week saw a net outflow of $301 million from US Bitcoin ETFs, marking the first weekly outflow since September 6th. This change in investor behavior comes after Bitcoin and other cryptocurrencies reversed most of their…
The crypto world is buzzing with controversy after a well-known influencer, Ansem, was accused of running pump-and-dump schemes with memecoins. The Spark: Memecoin Hype It all started when a prominent crypto personality, Murad Mahmudov, talked about the rise of memecoins in the current market. This sparked a debate about whether memecoins are a good investment….
The next US presidential election is just around the corner, and it seems like crypto is becoming a major talking point for voters. A recent survey found that most crypto owners are planning to vote, and many of them are looking for candidates who are pro-crypto. Crypto Awareness is Growing Among Voters This survey, conducted…
The SEC’s decision to appeal a recent ruling in the Ripple Labs lawsuit is being called a big mistake by crypto legal expert Jeremy Hogan. What’s the Backstory? The SEC sued Ripple in 2020, claiming they were selling XRP, a cryptocurrency, as an unregistered security. A judge ruled in October 2023 that only sales of…
A Russian court has frozen $372 million belonging to American banking giants JPMorgan Chase and BNY Mellon. This move comes after Russia accused Ukraine and the US banks of illegally taking property from a Russian bank. What Happened? The Moscow Region Arbitration Court froze the funds held by the US banks in their Russian branches….
Mark Cuban, the billionaire investor and Shark Tank star, is not happy with how the SEC is handling crypto regulation. He says the SEC Chair, Gary Gensler, is making it too difficult for crypto companies to operate and is creating a hostile environment. Gensler’s Approach: Regulation Through Litigation Cuban argues that Gensler is relying too…
Bitcoin is about to go on a wild ride, according to one economist. Henrik Zeberg, the head macro strategist at Swissblock, predicts a massive surge in Bitcoin’s price by the end of the year. Zeberg’s prediction: Bitcoin could reach between $115,000 and $123,000 by the end of 2023. This represents a potential 98% increase from…
Bitcoin’s price has been stuck in a rut lately, failing to build on its recent gains. It’s hovering around $62,000, which is a bit of a bummer for those hoping for a big jump. Short-Term Holders Feeling the Heat The problem? Short-term Bitcoin holders are feeling the pinch. They bought their Bitcoin at a higher…
Bitcoin ETFs Take a Hit The first week of October wasn’t great for Bitcoin ETFs. They lost over $300 million in investments, ending a three-week winning streak. This happened right after Bitcoin itself dropped over 6% in the first few days of the month. Why the Dip? The main reason for the dip was the…
Bitcoin is hanging around the $62,000 mark, pretty much stuck in the same spot for the past day. It’s been in a holding pattern since its small gains last Friday. While many investors are expecting a big jump in price by the end of 2024, there are a few things that need to happen first….
