Bitcoin’s been on a wild ride lately, and things aren’t looking great. The price has dropped significantly, and analysts are predicting even more losses. Bitcoin and the Stock Market: A Tight Connection Bitcoin’s price is heavily influenced by the overall stock market. Data shows a whopping 80% correlation between Bitcoin and the S&P 500. This…
Bitcoin’s price has taken a tumble, dropping from over $98,000 just a week ago to around $80,000. This represents an 18% decrease in a short period. What Caused the Drop? Unlike previous crashes with clear causes, this dip is harder to pinpoint. While the massive Bybit hack was significant, its immediate impact on the market…
Shiba Inu’s layer-2 solution, Shibarium, is poised to benefit significantly from Ethereum’s upcoming Pectra upgrade, slated for April 2025. This upgrade combines the Prague (execution layer) and Electra (consensus layer) improvements into one massive overhaul. How Shibarium Wins According to Shiba Inu’s marketing lead, Lucie, Pectra will make layer-2 solutions like Shibarium faster, cheaper, and…
Bitcoin’s taken a nosedive, dropping below $80,000 and freaking out a lot of investors. Since last Sunday, it’s lost over 18% of its value, leaving everyone feeling pretty nervous. A Sea of Red: Millions of Bitcoin Now Underwater This crash has left a significant chunk of Bitcoin holders in the red. According to some analysts,…
The market for tokenized real-world assets (RWAs) is exploding, hitting a whopping $56 billion and showing no signs of slowing down. This is a big deal because it tackles a common criticism of crypto – the lack of tangible value. RWAs put real assets like real estate and stocks onto the blockchain, changing the game….
Economist Alex Krüger believes Bitcoin (BTC) is mirroring a pattern from earlier this year and could see further price increases. Bitcoin’s Recent Dip: A Repeat Performance? Krüger, who boasts a large following on X (formerly Twitter), sees similarities between Bitcoin’s recent drop and its performance in April 2024. He notes that while the current dip…
A new cryptocurrency, MyShell (SHELL), focused on decentralized artificial intelligence, has seen a massive price jump after Binance, the world’s largest crypto exchange, announced it would list the token. Binance Adds Support for MyShell The news sent SHELL’s price skyrocketing. In just one day, it went from $0.462 to a high of $0.661. While it’s…
A popular crypto trader is warning that the price of Solana (SOL) could plummet by over 50%. A Technical Warning According to Ali Martinez, a trader with a large following on X (formerly Twitter), Solana’s chart is showing a bearish pattern. This pattern, known as a right-angled ascending broadening wedge, often signals a price reversal….
Analyst Bob Loukas, known for his “four-year cycle” Bitcoin trading strategy, isn’t worried about the recent price drop. He sees it as a normal part of Bitcoin’s volatility and a potential setup for a massive price increase. Bitcoin’s Rollercoaster Ride Bitcoin recently fell from around $110,000 to the $80,000 range – a roughly 22% drop….
Pakistan is making a huge shift in its approach to cryptocurrency. After previously resisting digital assets, the country is now embracing them and setting up a new regulatory body to oversee the crypto industry. From Resistance to Regulation For a long time, Pakistan was firmly against crypto. But things changed dramatically after the US election…
