A former top Federal Reserve official is slamming the idea of the US government holding a Bitcoin reserve. He says it’s a recipe for disaster. Inflation and Debt Concerns Bill Dudley, former president of the New York Federal Reserve Bank, argues that a Bitcoin reserve would only lead to higher inflation and increased national debt….
Florida is making headlines with a massive investment in Bitcoin. The state’s pension fund is considering allocating a whopping $1.85 billion to the cryptocurrency. Why Bitcoin? Diversification and Inflation Hedge This bold move, supported by key state leaders like Governor Ron DeSantis and Speaker of the House Danny Perez, aims to diversify the pension fund’s…
Bitcoin’s price took a small dip recently, but some analysts think a big price jump is coming. Let’s dive into what’s happening. Whale Watching: Big Investors Are Buying Big Bitcoin investors (“whales”—those holding over 1,000 BTC) have been quietly buying up Bitcoin when the price dropped between $95,000 and $99,000. This is significant because it…
Ethereum exchange-traded funds (ETFs) in the US are having a fantastic run! Ten Days of Gains! For ten days straight, these ETFs have seen money pouring in – the longest winning streak since they launched in July 2024. This positive trend is likely linked to the recent US elections and overall investor optimism. December is…
Ethereum’s price recently climbed above $4,000, but has since leveled off. Analyst Burak Kesmeci, however, sees a positive future for the cryptocurrency. Increased Activity on the Ethereum Network Kesmeci points to a significant increase in Ethereum’s active addresses as a key indicator of sustained growth. Since the US elections in November, active addresses jumped 36.26%,…
A popular crypto analyst, Justin Bennett, is predicting significant price increases for both Ethereum (ETH) and Dogecoin (DOGE). He shared his insights with his large social media following. Ethereum’s Potential Bennett believes Ethereum is poised for a new all-time high. He’s bullish as long as ETH stays above $3,950. He sees a potential quick jump…
A popular crypto analyst predicts a quick surge for Ethereum (ETH). They believe ETH could jump from its current price around $4,000 to $5,000 in just a few days. Ethereum’s Predicted Price Surge This prediction comes from a trader known as Inmortal, who shared their outlook with over 220,000 followers on X (formerly Twitter). Inmortal…
Burniske Predicts a Crypto Correction Venture capitalist Chris Burniske is predicting a shakeup in the crypto market. He believes the market is entering a period of increasing hype, and a significant correction is likely. While he doesn’t expect this correction to end the bull market, he cautions that it will likely scare off less experienced…
A popular crypto analyst, known as Dave the Wave, predicts a significant Bitcoin (BTC) price surge before Christmas. This prediction comes from a positive technical analysis of the market. A Pre-Christmas Bitcoin Rally? Dave the Wave, who boasts a large following on X (formerly Twitter), points to an ascending price channel for BTC. This suggests…
Bitcoin recently hit a snag after briefly surpassing $100,000. It quickly dropped to around $94,000, causing some concern. But don’t panic just yet! A Blip, Not a Crash? Despite this dip, the overall outlook for Bitcoin remains positive. Investor sentiment is still high, sitting firmly in the “extreme greed” zone. Technical analysis suggests Bitcoin could…
