Bitcoin (BTC) might be stuck in a slump for a while longer, according to a popular crypto analyst. Bitcoin’s History Suggests a Long Downtrend Benjamin Cowen, a well-known crypto strategist, believes Bitcoin could be in a downtrend until September or October. He’s looking at past trends, specifically 2019, when Bitcoin took 202 days to break…
Bitcoin has been struggling lately, but one economist thinks it’s about to bounce back. Alex Krüger, a well-known figure in the crypto world, says there are several things on the horizon that could send Bitcoin prices soaring again. Why Bitcoin Might Be Down, But Not Out Krüger acknowledges that Bitcoin is facing some headwinds right…
Bitcoin and crypto have been on a bit of a rollercoaster ride at the start of July. Things haven’t been as rosy as we hoped. What’s Holding Bitcoin Back? A few things have been weighing on Bitcoin’s spirits: Spot Ethereum ETFs Didn’t Launch: We were expecting those to show up on July 2nd, but they…
Bitcoin has been on a rollercoaster ride lately. After a big jump in price, it couldn’t hold onto its gains and is now trading below $56,000. So, is Bitcoin undervalued? What’s Causing the Price Dip? There are a few factors at play: Macroeconomic Issues: The overall market is facing some challenges, and Bitcoin is feeling…
Bitcoin has been on a downward trend recently, but some big players might be taking advantage of the dip. Whales Are Moving Bitcoin Off Exchanges Data shows that a huge amount of Bitcoin has been withdrawn from spot exchanges. This means that investors are taking their coins off the exchanges and storing them in their…
The crypto market is in a slump, with investors feeling increasingly pessimistic. The Fear & Greed Index, a gauge of market sentiment, has been steadily declining for the past month, hitting its lowest point of the year. This drop mirrors the recent fall in Bitcoin’s price, which dipped below $53,000 last week. Fear Reigns Supreme…
Legal expert John E. Deaton thinks Bitcoin is more than just a digital currency – it’s a symbol of freedom. He sees Bitcoin as a way to fight against centralized financial control and empower individuals. Bitcoin: A Tool for Self-Determination Deaton believes that Bitcoin’s decentralized nature gives people more control over their finances. He sees…
Cardano founder, Charles Hoskinson, recently gave a big update on the progress of Cardano and the upcoming Chang hard fork. He said that the hard fork is almost ready and will be happening soon. Chang Hard Fork is Almost Ready Hoskinson talked about the challenges and successes of Cardano over the past few years. He…
Ethereum’s price has taken a hit, dropping by about 25% since its peak in March. While the overall market slump and Bitcoin’s price drop are likely contributing factors, some believe a specific project might be responsible for Ethereum’s woes. Golem: A Project With a Big Past and a Questionable Present Golem, an Ethereum-based project that…
Crypto analytics firm Santiment is saying that some big-name altcoins could be poised for a short-term rally after a recent dip. What’s the Deal with MVRV? Santiment uses a metric called Market Value to Realized Value (MVRV) to figure out if a coin is undervalued. Think of it like a sale: a lower MVRV means…
