The Dip: Not a Cause for Panic Despite Bitcoin’s recent drop below $60,000, investors remain optimistic. Experts like Raoul Pal emphasize that such corrections are normal, with Bitcoin experiencing four similar dips in the past year. Bull Run Still on Track Alex Thorn and Rekt Capital remind us that bull markets are not linear. Bitcoin…
Bitcoin has dropped below $60,000 for the first time in two months. After a period of excitement, the crypto market is starting to calm down. Fading Euphoria Glassnode, a data analysis company, reports that the hype surrounding Bitcoin has cooled off. Investors are now more inclined to sell than buy. Selling Pressure After reaching a…
Senator Cynthia Lummis, a strong supporter of Bitcoin and the crypto market, has spoken out against the Biden administration’s crackdown on the industry. Lummis Condemns DOJ’s Stance Lummis has expressed concern over the Department of Justice’s (DOJ) view that non-custodial software could be considered a money transmission service. She believes this goes against existing guidance…
Indictment Details On April 30th, Bitcoin investor Roger Ver was arrested in Spain on charges of tax evasion, mail fraud, and filing false tax returns. The indictment alleges that Ver, who renounced his US citizenship in 2014, failed to report gains from Bitcoin sales and pay taxes on them. Reactions from the Crypto Community Some…
Dogecoin, the popular meme coin, is currently in a “major accumulation zone,” which means it’s a good time to invest. Indicators of a Buy Signal MVRV Ratio: The 30-day MVRV ratio is around -15%, indicating that many holders are at a loss. This usually signals a bottom for the coin. Whale Accumulation: Whales (large investors)…
BlackRock, a massive investment firm with over $10 trillion in assets, has invested $47 million in Securitize, a major player in the tokenization industry. BlackRock’s Tokenization Strategy This investment aligns with BlackRock’s belief in the transformative power of tokenization in capital markets. The company has created its own tokenized fund, BUIDL, which operates on the…
Coinbase, the leading US cryptocurrency exchange, has announced plans to add QCAD, a stablecoin pegged to the Canadian dollar, to its platform. QCAD Relaunched QCAD was relaunched last year by Stablecorp, a digital asset company, with a promise to maintain reserves equal to the amount of QCAD in circulation. It is available on Ethereum, Stellar,…
Crypto analyst Altcoin Sherpa predicts a potential rally for Solana (SOL) after a market correction. He believes SOL could retest $120 before surging to over $500 later this year. Solana’s Potential Rally Sherpa believes SOL’s potential rally is based on the assumption that the altcoin market will continue to bleed. He advises investors to dollar-cost…
A recent surge in large Cardano (ADA) transactions suggests the cryptocurrency could be poised for a price reversal, according to crypto analytics firm Santiment. Whale Activity On Monday, the number of Cardano whale transactions exceeding $100,000 hit its highest level since November. Historically, such spikes have been associated with potential price reversals. Market Performance Despite…
Long-Term Growth Potential Macroeconomist Lyn Alden believes Bitcoin’s rise to prominence will take more than a decade. She emphasizes that technological advancements like Bitcoin often take time to disrupt existing systems. Underestimating Bitcoin’s Impact Alden highlights that people tend to underestimate the long-term impact of Bitcoin on the financial world. She believes it will gradually…
