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Major Wall Street firms are increasingly worried about a US recession. Increased Recession Probabilities JPMorgan Chase has bumped up its recession prediction for the US economy to 40%, up from 30% earlier this year. They cite uncertainty caused by government policies as a major factor. Goldman Sachs is also more pessimistic, raising its recession probability…
A crypto analyst, Egrag Crypto, is predicting a huge Bitcoin price jump based on a bullish chart pattern. The “Cup and Handle” Pattern Egrag Crypto spotted a “Cup and Handle” pattern on Bitcoin’s chart. This pattern, common in technical analysis, suggests a big price increase is coming. Think of it like a U-shaped dip (“cup”)…
Bitcoin’s been looking pretty good lately, briefly topping $85,000 this weekend. While it usually struggles towards the end of the week, things might be different this time. Could Bitcoin Hit $90,000? Crypto analyst Ali Martinez thinks so! He’s spotted an “ascending triangle” pattern on the Bitcoin chart – a bullish signal. What’s an Ascending Triangle?…
Bitcoin’s recent price action around $85,211 is raising some eyebrows. It’s been struggling to break through this resistance level, hinting that the bullish trend might be weakening. Technical Trouble for Bitcoin The charts aren’t looking great for Bitcoin. It’s showing signs of weakness: RSI Retreat: The Relative Strength Index (RSI), a momentum indicator, is falling…
Ethereum’s price has been pretty disappointing this year, much lower than many experts predicted. It’s currently trading at its lowest point since October 2023, and breaking back above $2,000 is proving tough. The Bear Market and Macroeconomic Worries The overall market is weak, thanks to economic uncertainty and trade war jitters. This is affecting both…
Bitcoin’s price has been a rollercoaster lately, dropping to around $77,000 before bouncing back above $85,000. While some are worried about a market crash, IntoTheBlock, a crypto analytics firm, thinks the best might be yet to come. Halving History: Diminishing Returns? IntoTheBlock looked at Bitcoin’s history after each “halving” – an event where the rate…
A UK police officer is facing serious charges for allegedly stealing a significant amount of Bitcoin. Officer Accused of Bitcoin Theft Paul Chowles, a 42-year-old National Crime Agency (NCA) officer from Bristol, has been charged with stealing 50 Bitcoin in 2017. Merseyside Police allege he took the Bitcoin during an investigation into online crime. Back…
Millions of credit and debit cards have been leaked onto the dark web, according to cybersecurity firm Kaspersky. The firm says that malicious software, known as infostealer malware, is to blame. The Scale of the Problem Between 2023 and 2024, Kaspersky found that at least 2.3 million bank cards were compromised and their information shared…
A popular crypto analyst, Altcoin Sherpa, is cautioning investors about a potential short-lived altcoin rebound. He believes that any gains might be temporary, based on past market behavior. Bitcoin’s Price Targets Sherpa’s analysis focuses on Bitcoin (BTC) as a key indicator. He suggests that if BTC can break through $89,000, it could signal continued bullish…
Major banks are facing criticism for refusing to reimburse customers who lost money to scammers. Several recent cases highlight the issue, leaving victims with significant financial losses. Wells Fargo Denies Claim After Scam A Wells Fargo customer in South Carolina, Stephanie Zufall, fell victim to a scam where fraudsters posing as bank employees tricked her…
