Short-Term Holders Feeling the Heat Bitcoin’s recent price drop has left short-term holders, who typically buy and sell within a few weeks, in a tough spot. They’re now trading below their “realized price” of $66,200, meaning they’re sitting on unrealized losses. What’s the Realized Price? The realized price is the average price at which short-term…
A crypto expert named Ali Martinez believes that Bitcoin’s price could fall further due to a large number of investors who bought it between $64,300 and $70,800. This range has become a “supply barrier” because these investors may sell their coins to avoid losing money if the price drops below that level. Selling Pressure from…
Hot Wallets Compromised, Cold Wallets Safe BtcTurk, a popular Turkish crypto exchange, was hacked on June 22nd. The hackers gained access to some of the exchange’s hot wallets, which hold a small portion of its assets. However, BtcTurk claims that its cold wallets, which store the majority of its funds, remain secure. $5.3 Million Recovered…
Ethereum’s Market Value According to CryptoQuant, an analytics firm, Ethereum’s Market Value to Realized Value (MVRV) indicator is rising faster than Bitcoin’s. This suggests that Ethereum’s market is gaining momentum. Historically, when Ethereum surges, other altcoins tend to follow suit. Bitcoin’s Support Level CryptoQuant also notes that Bitcoin is trading below the critical support level…
A Bank of America employee has been accused of illegally accessing customer accounts and selling their sensitive data, resulting in tens of thousands of dollars in losses. Employee’s Actions Manuel Alejandro Ramirez Perez, a former relationship banker and credit solutions advisor, is alleged to have accessed customer accounts without authorization between February 2020 and June…
Consulting firm McKinsey & Company predicts that the market capitalization of real-world tokenized assets could reach $2 trillion by 2030. Projected Growth McKinsey analysts estimate a potential market cap range of $1 trillion to $4 trillion by the end of the decade, excluding stablecoins. In 2018, the RWA sector was valued at just $1.5 billion,…
A California judge has dismissed class-action lawsuits against Ripple related to the sale of XRP, but has allowed one individual case to proceed to trial. Class Action Claims Dismissed Bradley Sostack, a former XRP investor, filed a class-action lawsuit in 2018, alleging that Ripple illegally sold XRP as an unregistered security and violated California advertising…
A crypto expert predicts that Bitcoin’s price could fall to $52,000. Key Support Levels Broken The expert says Bitcoin has broken through crucial support levels, indicating a shift towards a bearish trend. Reasons for the Bearish Outlook Trend Line Break: Bitcoin has fallen below a key trend line from October 2023. Market Imbalances: Market data…
Crypto expert Willy Woo believes Bitcoin will rebound when: Weak Miners Exit the Market Miners with outdated equipment and high costs will go bankrupt. Others will be forced to upgrade to more efficient hardware. This happens after Bitcoin halvings, where miners’ income is cut in half. Miners sell their Bitcoin to cover losses or upgrade…
Hackers Target 50 Cent’s Account Rapper 50 Cent recently revealed that his Twitter account was hacked and used to promote a fake cryptocurrency called GUNIT. He denied any involvement with the coin, claiming the hackers made millions of dollars from the scam. Fake Coin Explodes, Then Crashes Before 50 Cent’s announcement, many people traded GUNIT,…
