Investors are betting big on the Federal Reserve cutting interest rates soon, and they’re putting their money where their mouth is. Last week, a whopping $17.69 billion was poured into global bond funds, with a huge chunk of that, $9.58 billion, going into US bond funds. This is the highest amount in six weeks. US…
Crypto analyst Jason Pizzino is predicting a surge in altcoin prices in the fourth quarter of this year. He believes this “altcoin bounce” could happen after the US presidential election on November 5th. Tether Dominance: A Key Indicator Pizzino points to the declining market share of Tether (USDT), a stablecoin pegged to the US dollar….
The crypto market is currently in a slump, with altcoins struggling to gain traction. Lido DAO (LDO) is no exception, experiencing an 18% drop in price over the past week. This decline has shaken investor confidence, but there’s a glimmer of hope. Lido DAO Shows Signs of Growth Despite the overall market downturn, Lido DAO…
Ethereum’s price has been bouncing around lately, stuck between $2,500 and $2,750. It even dipped as low as $2,400 last week. While things haven’t been great for ETH lately, one analyst thinks it’s still on the right track. The Realized Price Argument An analyst on the CryptoQuant platform, known as Crypto Sunmoon, argues that Ethereum…
August saw the lowest monthly crypto losses of the year, but the overall picture isn’t so rosy. A Quiet August for Hackers Crypto losses in August were a measly $15.1 million, a huge drop from the previous month and even last year. The majority of the losses came from just five hacks, with no reported…
Render (RENDER) has taken a big hit recently, dropping 29% from its peak. But there’s a glimmer of hope: it’s holding strong above a crucial support level. This could mean big things for Render in the coming weeks. Why Render Could Be About to Surge While the broader crypto market is struggling, Render is showing…
Ethereum (ETH) has been stuck in a rut lately, trading between $2,300 and $2,800 since the beginning of August. It’s been trying to break past $2,600 for the past few days, but hasn’t been able to. This is disappointing, especially compared to Bitcoin’s strong performance this year. Ethereum ETFs: A Flop? Ethereum ETFs were supposed…
The arrest of Pavel Durov, founder of the messaging app Telegram, in France has sparked a debate about the future of internet regulation and the responsibilities of tech companies. A Case with Global Implications Durov’s arrest stems from an investigation into alleged criminal activity on Telegram, including child pornography, drug trafficking, and money laundering. French…
Polygon, a popular blockchain scaling solution, might be on the verge of a price rebound, according to crypto analytics firm Santiment. Signs of a Reversal Santiment has observed a surge in active addresses and dormant coin movement on the Polygon network. These are often seen as indicators of a potential price increase. Rebranding and Polygon…
BlackRock’s iShares Bitcoin Trust (IBIT), a popular Bitcoin ETF, has seen money flowing out for the second time since it launched earlier this year. This is a bit unusual, as the ETF has generally been attracting investors. Outflows on the Rise On August 29th, IBIT saw $13.5 million leave its coffers. The last time it…
