Bitcoin hit a record high of $103,600, causing a wave of excitement. But the party didn’t last long. The Sudden Drop: What Happened? Within hours, the price plummeted to $92,000. Analyst Axel Adler explained this dramatic fall was due to a massive number of traders using leverage (borrowing money to invest). As Bitcoin passed $100,000,…
The US Treasury Department is cracking down on a money laundering scheme allegedly used by wealthy Russians to dodge sanctions. Five individuals linked to the TGR Group are facing sanctions for their role in helping Russian elites circumvent restrictions imposed after the Ukraine invasion. The Scheme: Using Crypto to Hide Wealth The TGR Group, reportedly…
A popular crypto analyst, known as Bluntz, is predicting a significant price surge for Shiba Inu (SHIB), a Dogecoin competitor. Bluntz, who boasts a large following on X (formerly Twitter), believes retail investors are ready to drive SHIB’s price up. Shiba Inu’s “God Candle” Bluntz claims a “god candle” – a term for a massive…
Cryptocurrency analyst Raoul Pal is very optimistic about Solana (SOL) and Ethereum (ETH). He shared his bullish outlook with his over a million followers on X. Solana’s Stellar Chart Pal says Solana’s weekly chart is incredibly bullish. He believes that once it breaks through a resistance level, its price will increase rapidly. At the time…
Glassnode co-founders, Jan Happel and Yann Allemann (Negentropic), are raising concerns about Bitcoin’s future after it briefly topped $100,000. Despite the milestone, they’re seeing warning signs. A Weakening Market? Their analysis centers on the Bitcoin Fundamental Index (BFI). This index tracks various market factors like wallet activity and transaction volume. A drop in the BFI…
The crypto world saw a dramatic event recently: the spectacular crash of the HAWK meme coin, losing over 95% of its value in a short time. Was it a deliberate scam, or just a volatile meme coin succumbing to fear, uncertainty, and doubt (FUD)? Let’s examine what happened. The Queen of Memes and Her Failing…
Roaring Kitty, aka Keith Gill, the YouTube financial analyst who helped fuel the GameStop frenzy, reappeared on X after a three-month break. This sent shockwaves through the crypto market. Degens Rejoice: A Short-Lived Rally? His return triggered a massive surge in several meme tokens. GameStop (GME), AMC, and ROAR tokens all jumped over 50% in…
Bitcoin’s price has been climbing lately, and it’s got people excited. But interestingly, the most optimistic folks aren’t the long-term holders – it’s the short-term investors! Short-Term Holders Driving the Market Data from Alphractal, a crypto analytics platform, shows that short-term Bitcoin holders (think everyday investors) are more confident than ever. They’ve been steadily buying…
Dogecoin, the popular meme coin, celebrates its 11th birthday today, and analysts are buzzing about the potential for a price rally. A Meme Coin Turns 11 Created in 2013 as a playful parody of Bitcoin, Dogecoin has grown into a major cryptocurrency. It’s currently the second-largest proof-of-work blockchain by market cap. This anniversary could be…
Ethereum (ETH) is making some serious moves, and analysts are buzzing about its potential. Let’s dive into what’s happening. Ethereum Breaks Through Resistance Ethereum has surged about 10% in the last week, jumping from around $3,500 to over $3,900. This is a key resistance level it hasn’t seen since early March. After briefly dipping below…
