Economist Alex Krüger believes the recent approval of Bitcoin exchange-traded funds (ETFs) is just the beginning of a major surge in Bitcoin’s value. Institutional Sales Machine Still in Early Stages Krüger explains that the “institutional sales machine” for Bitcoin ETFs is only about 20% deployed. This means that major financial institutions like Merrill Lynch and…
Bitcoin’s Price Decline Since hitting a record high of $73,000, Bitcoin’s price has been on a downward trend. This recent dip has triggered a broader crypto market pullback. Danger Zone Ahead Crypto analyst Rekt Capital predicts a further decline in Bitcoin’s price before the upcoming halving event. He identifies a “Danger Zone” where Bitcoin is…
Bitcoin has hit a bump in the road after a record-breaking climb. The past week has seen a sharp drop in price, leaving investors wondering if it’s a temporary setback or a sign of a bigger decline. Bearish Concerns Analysts point to a series of failed attempts to push higher, along with declining profitability and…
Mining Hashrate Plunges Bitcoin’s mining hashrate, a measure of the network’s computing power, has recently taken a dive from its all-time high. This suggests that some miners have disconnected from the network. Reasons for the Decline 1. Bitcoin Price Drop: Miners earn revenue from block rewards and transaction fees. The recent price drop has reduced…
Burn Rate Surges Shiba Inu’s burn rate has seen an incredible increase of over 2,300% in just one day. This means that 195 million SHIB tokens were burned during that period. Price Rebounds The surge in burn rate has had a positive impact on SHIB’s price, which has rebounded after a recent correction. The price…
FOMC Meeting: Impact on Bitcoin and Crypto Central banks worldwide will announce interest rate decisions this week. The US Federal Reserve’s decision on Wednesday is particularly important. Interest rates are expected to remain unchanged, but the market is watching for any signals about inflation and the future of monetary policy. A “higher for longer” interest…
Vanguard’s Position Jim Bianco, founder of Bianco Research, supports Vanguard’s decision not to offer Bitcoin spot ETFs. He argues that Vanguard is a dominant player in the ETF market, with over $2.58 trillion in assets. BlackRock vs. Vanguard Bianco compares Vanguard to BlackRock, another ETF giant. BlackRock has invested heavily in Bitcoin ETFs, while Vanguard…
A new memecoin on the Solana blockchain, Book of Meme (BOME), has soared to a market cap of over $1 billion in just two days. Binance Listing Sparks Rally The surge began after Binance, the world’s largest crypto exchange, announced support for BOME perpetual futures. The coin skyrocketed from $0.0077 to $0.0268 in hours, a…
Stolen Funds and Altered Check Lindsay Aleman, a Wells Fargo customer, reported that $7,000 was stolen from her account in July. She discovered that a check she had mailed to pay taxes had been altered to a different amount and payee. Prolonged Claim Process Aleman filed a claim with Wells Fargo, but the bank claimed…
Crypto analyst Hsaka predicts a surge in the altcoin market as traders cash in on Bitcoin’s recent gains. Solana Ecosystem Soars Altcoins in the Solana ecosystem, such as Jupiter and Pyth Network, have seen a rally following Solana’s own surge. Hsaka believes this capital will now flow into other altcoins. Avalanche as a Potential Beneficiary…
