The US stock market took a major tumble, losing a whopping $1.05 trillion in a single day. This was one of the biggest drops in recent history, fueled by weak economic data and struggles among major companies. Investors are understandably nervous, wondering if this is just the beginning of a bigger downturn. The Dow Plunges,…
Dogecoin, the popular meme coin, might be on the verge of a massive price surge. A Second Low, A Big Rally? Crypto analyst Trader Tardigrade believes Dogecoin has formed a “second low,” which could signal a huge price increase. He points to historical patterns: 2014-2017: Dogecoin hit a support level in 2015, then a second…
Bitcoin has been on a rollercoaster ride lately, dropping 14% from its peak. This dip is happening at a time when both the crypto and stock markets are feeling the heat. But there’s a twist: Bitcoin is becoming less influenced by what’s happening in the stock market. Bitcoin’s Changing Relationship With Stocks Data shows that…
Pro-XRP lawyer John Deaton has won the Republican nomination for the US Senate, setting up a showdown with incumbent Democrat Elizabeth Warren. Deaton Wins Big Deaton, a former Marine who represented 75,000 Ripple investors in a lawsuit against the SEC, won the primary election with a whopping 64.6% of the vote. His closest competitor, Bob…
Former St. Louis Fed President James Bullard thinks the Fed is about to start cutting interest rates. He says the Fed’s efforts to control inflation over the past two years have been successful without hurting the economy. Bullard expects the Fed to cut rates by 0.25% in September. He also predicts they’ll cut rates by…
Big Money Moves A big group of Bitcoin investors have been selling off their Bitcoin in recent weeks, according to a crypto analyst. This group, known as “short-term holders,” has unloaded over $36 billion worth of Bitcoin since mid-August. What’s the Impact? When short-term holders buy Bitcoin, the price usually goes up. But when they…
A mysterious wallet, possibly belonging to a big institution, has been selling off a ton of Solana (SOL) this year. Solana Sell-Off According to crypto tracker Lookonchain, this “whale” has sold almost $100 million worth of SOL since the start of 2024. That’s an average of about $2.7 million worth of SOL every week! Despite…
Bitcoin hasn’t been rallying like everyone expected despite the Fed hinting at cutting interest rates. Arthur Hayes, the co-founder of BitMEX, thinks he knows why. The Fed’s Plan: Lower Rates, Higher Bitcoin? When the Fed lowers interest rates, it usually means investors move their money from safer investments like government bonds to riskier assets like…
A Nigerian court is about to decide the fate of Tigran Gambaryan, a high-ranking Binance executive who’s been locked up for over half a year. The Case of the Detained Exec Gambaryan, who was in charge of fighting financial crime at the world’s biggest crypto exchange, has been in hot water with US lawmakers who…
Big Banks Are Ready to Embrace Bitcoin Howard Lutnick, CEO of Wall Street firm Cantor Fitzgerald, predicts that big banks will soon be jumping into the Bitcoin pool. While Bitcoin has been on the fringes of the financial world for the past five years, Lutnick sees a future where banks are actively trading, holding, and…
