Bitcoin is currently experiencing a phase where struggling miners are selling off their holdings, according to on-chain analyst Willy Woo. Miner Capitulation The Bitcoin halving event in April has triggered a “culling” of weak miners. This event, which occurs every four years, reduces the rewards miners receive for verifying transactions, limiting the new supply of…
Economist Henrik Zeberg predicts that the current “everything bubble” in the economy will continue to inflate. Market Capitalization to GDP Ratio Zeberg highlights the historical significance of this ratio, which measures the value of all publicly traded stocks relative to the size of the economy. He notes that this ratio has reached unprecedented levels of…
Two Democratic senators, Elizabeth Warren and Jacky Rosen, have urged Federal Reserve Chair Jerome Powell to cut interest rates. They argue that high rates are hurting the economy by: Increasing Housing Costs Interest rates drive up rental prices, mortgage payments, and construction costs. This limits housing supply and keeps prices high. Raising Auto Insurance Costs…
A popular crypto analyst believes Bitcoin (BTC) will dip one last time before soaring to record highs. Bull Pennant Pattern Bluntz, a pseudonymous analyst, says BTC is forming a “bull pennant” pattern on its three-day chart. This suggests a final leg down to around $60,000, setting the stage for a rally above $80,000. $87,500 Target…
$100,000 on the Horizon Analyst CrediBULL Crypto predicts Bitcoin will soar to $100,000 soon, within the next 7-10 days. He believes the recent price drop was the worst Bitcoin will experience, with the downside now limited to $60,000. Bullish Indicators CrediBULL Crypto notes positive signs, such as a drop in open interest and a return…
VESA’s Masterpiece Prepare for an exclusive auction featuring the legendary artist VESA and Scarce City. From June 11-13, bid on VESA’s original artwork, Bitram. Watch the Creation Process Dive into the behind-the-scenes video of VESA’s artistic journey with Bitram. How to Bid Enter your bid amount in Bitcoin. Provide an email address for communication. Choose…
Bill Miller, a financial expert and investor, believes Bitcoin is still undervalued. He sees it as a potential replacement for traditional currencies, which he believes are prone to manipulation and devaluation. Bitcoin’s Early Stages Miller has been bullish on Bitcoin since 2015. He believes it’s still in the early stages of a major shift in…
Zimbabwe is making a bold move into the world of cryptocurrencies by seeking public input on how to regulate them. This is a significant step for a country that has faced currency challenges in the past. From Economic Struggles to Digital Innovation Zimbabwe’s economic history has been marked by currency crises, including the 2019 crash….
EVM Compatibility on XRPL RippleX has launched an XRPL EVM sidechain, bringing Ethereum Virtual Machine compatibility to the XRP Ledger. This allows developers to use Ethereum tools and DApps on XRPL, expanding its ecosystem and utility. Axelar Bridge The sidechain uses Axelar as a bridge, allowing seamless asset transfers between XRPL and the EVM sidechain….
Risk Aversion Prevails Bitcoin’s price dropped sharply on Tuesday, falling below $68,000. This decline reflects the cautious mood in the broader financial market, as investors await the release of key economic data and the upcoming Federal Open Market Committee (FOMC) meeting. FOMC Meeting and Inflation Concerns The FOMC meeting will decide on interest rates, which…
