Bitcoin’s price has seen a notable dip of 15% since its all-time high in mid-March. However, despite this drop, there are indicators suggesting that the bull run may not be over just yet. One important metric to consider is the Fear and Greed Index, which reflects the current sentiment of investors. A ratio above 50
Crypto
In the first half of 2024, Bitcoin and Ethereum have proven themselves to be the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. According to a recent report by Matrixport, these cryptocurrencies have once again shown their dominance in the market. One significant
Artificial intelligence (AI) models, according to Charles Hoskinson, the co-founder of the blockchain platform Cardano, are losing their utility over time. Hoskinson attributes this to AI censorship, where machine learning algorithms are used to filter objectionable content and shape public opinion. This alignment training is a significant issue, especially with high-powered AI models, as it
The month of June was a rollercoaster for Bitcoin investors, filled with extreme volatility and sharp price movements. After hitting a high of $72,000 and dropping to a low of $58,000, the bears ultimately prevailed, pushing the price down by 7.12%. Will July Bring Relief? Many investors are now wondering if July will bring relief
Keith Gill, also known as “Roaring Kitty,” has gained popularity and notoriety for his involvement in the GameStop stock frenzy of 2021. However, recent developments have brought forth allegations of securities fraud against him. A class-action lawsuit filed in the Eastern District of New York accuses Gill of orchestrating a “pump and dump” scheme through
As Bitcoin hovers around $61,000, analysts are closely monitoring various on-chain metrics to determine if the leading cryptocurrency has bottomed out and if a rally is on the horizon. The latest weekly report from CryptoQuant highlights key indicators, such as bullish momentum, BTC demand growth, and stablecoin liquidity, that could potentially signal a market turnaround.
The European Central Bank (ECB) is currently in a two-year preparation phase for the digital Euro Central Bank Digital Currency (CBDC) that is set to end in October 2025. While the central bank has emphasized privacy and data protection as its top priorities, there are concerning features associated with the digital currency that could result
Ethereum has experienced a 3% decline this week, with buyers facing challenges in defending the key support level at $3,500. The inability to prevent a breakdown could result in a difficult week ahead for ETH. The recent trend of closing with a lower low for the past five weekly candles indicates a clear downtrend. To
The cryptocurrency markets are experiencing a decline today with Bitcoin sliding toward $60K. The total capitalization has decreased to $2.37 trillion, and trading volumes are relatively low. Over the past 24 hours, Bitcoin’s price has dropped by 1.3%, resulting in total losses of about 6% for the week. The trading volume across the board is
In a bold move, T-Rex Group, a financial services company, has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle has the potential to be the most volatile ETF in the country, magnifying the daily performance of MicroStrategy’s stock by 200%. If approved, this fund could
