Market Crash The crypto market took a hit, wiping out over $800 million in a matter of hours. Bitcoin dropped to $67,500 after reaching all-time highs. Altcoins also took a beating, with over 200,000 traders facing liquidations. Long Squeeze The crash was triggered by a “long squeeze,” where traders with bets on rising prices were…
Price Correction Bitcoin has been on a wild ride lately, reaching a new high of $73,750. But since then, it’s taken a tumble, dropping to $65,630. Analyst Michaël van de Poppe thinks the correction is far from over. Bearish Divergence Van de Poppe points to a bearish divergence, where the price of Bitcoin is making…
Bullish Signals from Bitcoin Futures The Bitcoin futures market is showing signs that have historically signaled a bullish trend. The futures basis, which measures the difference between the futures price and spot price of Bitcoin, has climbed to its highest level since Bitcoin’s all-time high in 2021. Trading Opportunities This elevated basis creates opportunities for…
Reasons Behind Vanguard’s Stance Vanguard CEO Tim Buckley has reaffirmed the company’s opposition to offering spot Bitcoin ETFs. He cited several reasons: High Volatility: Buckley believes Bitcoin is too volatile to be a suitable long-term investment. He pointed out its recent decline alongside the stock market. Lack of Tangible Value: Vanguard prefers assets with tangible…
Bitcoin has been through a rollercoaster ride recently, but experts like Kris Marszalek, CEO of Crypto.com, say it’s a long-term investment. Bitcoin’s Recent Dip In the past 24 hours, Bitcoin lost over 9% of its value, dropping from a peak of $73,600. This has shaken the crypto market, causing other coins to fall as well….
Ethereum to Reach New Heights A crypto expert, CrediBull Crypto, believes Ethereum is poised to make a significant jump after Bitcoin’s recent rally. He predicts that Ethereum could hit new all-time highs, potentially reaching between $3,600 and $3,700. CrediBull cites strong community sentiment and the cryptocurrency’s positive fundamentals as reasons for his optimism. XRP to…
Background Sam Bankman-Fried (SBF), the former CEO of the collapsed FTX exchange, is facing sentencing later this month. Prosecutors have submitted a memorandum to the court, recommending a prison sentence of 40 to 50 years. Reasons for the Sentence Recommendation SBF masterminded a massive fraudulent scheme, comparable to Bernie Madoff’s Ponzi scheme. The magnitude and…
Crypto trader Ali Martinez believes Solana (SOL) may be heading for a correction. According to his analysis, the Tom DeMark (TD) sequential indicator on SOL’s daily chart has signaled a sell signal. TD Indicator Suggests Potential Drop The TD indicator is used to identify potential turning points in an asset’s price. Martinez notes that every…
A New York-based bank has seen a massive exodus of deposits, totaling over $4 billion, as the Federal Reserve Chair warns of potential bank failures. Declining Deposits at New York Community Bank New York Community Bank’s (NYCB) latest earnings report reveals a sharp decline in deposits. From the start of the year to March 6th,…
Binance, the world’s largest cryptocurrency exchange, is reportedly separating itself from its investment arm, Binance Labs. Separate Company According to Bloomberg, Binance CEO Richard Teng has moved Binance Labs into a separate company since taking over from former co-founder Changpeng Zhao. Binance Labs’ website now states that it is an independent venture and not part…
