Bitcoin’s recent price drop has been scary, hitting lows not seen since before its all-time high of $109,000. But don’t panic just yet! There are some interesting things happening behind the scenes. Big Investors Are Accumulating Bitcoin Despite the price dip, some major players are quietly buying up Bitcoin. Santiment, a crypto analytics firm, reports…
Trump’s administration is planning a major shift in how the US government views and interacts with cryptocurrencies. This could be huge news for the crypto market. Operation Chokepoint 2.0 and the Fightback The Biden administration’s “Operation Chokepoint 2.0” aimed to restrict crypto companies’ access to banking services. This move was met with strong opposition, particularly…
The SEC is possibly ditching a tough rule that would have forced many crypto companies to register as exchanges. This is great news for crypto! This could lead to a huge boom in the crypto market. What This Means for Crypto Currently, only a few big exchanges can legally operate in the US. If the…
Top stablecoins are booming, reaching a combined market cap of $204.7 billion, according to crypto analyst Ali Martinez. This is a record high, suggesting significant activity in the market. Record-Breaking Stablecoin Market Martinez, a well-known analyst with over 130,000 followers on X (formerly Twitter), reported that the top five stablecoins—Tether (USDT), USDC, USDS, Ethena’s USDe,…
Coinbase, a major US cryptocurrency exchange, is bringing around-the-clock futures trading for Bitcoin and Ethereum to its American customers. This means traders can now buy and sell contracts based on the future price of these cryptocurrencies at any time of day. Around-the-Clock Trading for US Customers The new service, launching in the coming weeks, is…
Caitlin Long, CEO of Custodia Bank, says the recent easing of crypto regulations by the Office of the Comptroller of the Currency (OCC) doesn’t signal the end of the government’s alleged campaign against the crypto industry. She argues that “Operation Choke Point 2.0” – the unofficial name for this alleged campaign – is far from…
Michael Saylor, the head of MicroStrategy (now called Strategy), is making a huge move in the crypto world. He’s announced a plan to sell $21 billion worth of company stock to buy even more Bitcoin. Going All-In on Bitcoin This bold strategy comes at a time when Bitcoin’s price has dropped significantly, and the overall…
Bitcoin’s price has been making headlines lately, and one analyst believes it’s showing a specific pattern that could signal big things to come. The Megaphone Pattern: What Does It Mean? According to crypto trader Merlijn The Trader, Bitcoin is currently following a “megaphone pattern” (also known as a broadening wedge). This pattern shows prices making…
Utah’s attempt to create a state-level Bitcoin reserve has hit a snag. While a bill aimed at boosting blockchain technology passed the Senate, the part about investing in Bitcoin was removed. The Bill’s Journey and Unexpected Turn The bill, officially known as House Bill 230 (HB230), initially allowed the state treasurer to invest up to…
Shiba Inu (SHIB) has taken a major hit lately, with its price dropping significantly. The main culprit? Big investors, often called “whales,” are selling off huge amounts of SHIB. Whales Are Selling Big Time Data shows whales have been dumping SHIB like crazy. One indicator shows a massive decrease in whale holdings – a whopping…
