An on-chain analyst known as Checkmate predicts that Bitcoin (BTC) could be on the verge of a “euphoric bull” phase. Key Indicators Checkmate observes that Bitcoin is approaching a “decision point” where it could break through its all-time high. This has historically marked a transition to a more bullish phase. Another indicator is the MVRV…
As the cryptocurrency market rebounds, two Ethereum-based altcoins are seeing a spike in whale activity, according to market intelligence platform Santiment. Optimism and Chiliz Surge Optimism (OP) and Chiliz (CHZ) are witnessing increased interest from deep-pocketed investors. Santiment notes that large traders’ activity often foreshadows significant price volatility and potential reversals. Optimism is currently trading…
Bull Market Ends This Year Economist Henrik Zeberg warns that a major recession is likely in 2025. He predicts that risky investments like stocks and crypto will continue to rise in the coming months. However, he believes that this bull market will end abruptly later this year, as investors become overly optimistic. Fed’s Intervention Will…
A renowned crypto trader, known for accurately predicting market movements, believes Bitcoin (BTC) is poised for a significant breakout. Bullish Megaphone Pattern According to Dave the Wave, a pseudonymous analyst, Bitcoin is forming a bullish megaphone pattern, characterized by two higher highs and two lower lows. This pattern suggests a potential 50% surge to around…
Whales Go on a Shopping Spree Bitcoin whales, those with deep pockets, have been on a buying frenzy, snapping up billions of dollars worth of Bitcoin (BTC) every time the price dips. Recently, as BTC dropped towards $60,000, these whales pounced, spending a staggering $6.3 billion in a single day. Whales Accumulate, Smaller Investors Sell…
Bollinger’s Bearish Perspective John Bollinger, creator of the Bollinger Bands indicator, has spotted a “two-bar reversal” pattern on the Bitcoin chart. This pattern indicates a potential change in price direction, with Bitcoin breaking above the upper Bollinger Band but then closing back within it. This suggests that the upward momentum may be weakening. Bollinger’s analysis…
Trust Broken by Unannounced Fees Nexo, once seen as a trustworthy crypto exchange, has sparked outrage among users after a sudden fee increase. Without warning, bank transfer fees jumped to £5/€5 for FPS/SEPA withdrawals and $25/£25 for SWIFT transactions. Users feel betrayed and frustrated, with many fearing a slippery slope of additional charges. “They sent…
Ripple Labs has filed a trademark application for “RLUSD” as the ticker symbol for its upcoming stablecoin. Details of the Trademark Filing The application was filed on May 7, 2024, and covers a wide range of financial services related to the stablecoin, including: Receiving and disbursing payments in virtual currency and digital tokens backed by…
SEC Approval Timeline If the Securities and Exchange Commission (SEC) approves Ethereum Spot ETFs, analyst James Seyffart predicts it could take weeks or even months before they start trading. This is because the S-1 filings need to be approved before trading can begin. VanEck’s Application Seyffart and his colleague believe the SEC will likely approve…
Milestone Reached Polygon, the Ethereum scaling solution, has reached an impressive milestone: 4 billion total transactions. This is a remarkable achievement, considering the network’s launch just four years ago. User Surge Polygon’s growth is not just a number. The network has seen a surge in daily active users, averaging over 1 million daily users for…
