Veteran analyst and trader Peter Brandt has shared his concerns about the declining magnitude of Bitcoin’s price advances in a blog post published on April 26. In the post, Brandt points out that each successive bull cycle for Bitcoin has seen a decrease in price advance, with the current cycle potentially reaching a high around … Read more
In this text, I’ll discuss crypto analyst Alan Santana’s prediction of a Bitcoin drop to around $30,000 and its implications for investors. On April 27, crypto analyst Alan Santana issued a warning on TradingView about Bitcoin‘s impending decline. According to his analysis, Bitcoin might experience a major sell-off in the near future and could fall … Read more
Justin Bieber, the pop star, invested over $2 million in non-fungible tokens (NFTs) back in 2022. However, his NFT holdings are now worth barely over $100,000 due to a market correction that caused values to plummet by up to 94.7%. According to data from Arkham Intelligence, Bieber bought two NFTs each from the Bored Apes … Read more
The Internet Computer is a blockchain network that powers the development of internet services through its secure, decentralized protocol. It uses the ICP token, formerly known as DFN, for facilitating app development, handling transactions, compensating network contributors, and making governance decisions. The ICP token, created by DFINITY founder Dominic Williams in 2016, is essential for … Read more
Paul Krugman, a Nobel Prize-winning economist and New York Times columnist, offers a nuanced perspective on the US economy following the release of the first quarter 2024 GDP report. Despite lackluster growth at 1.6% and increased inflation, Krugman advises against jumping to conclusions based on volatile components like inventories and imports. Economist Paul Krugman recently … Read more
Recently, Pantera Capital was announced as one of the successful bidders in a private Solana token auction overseen by FTX’s bankruptcy administrators. The exact number of tokens, around 2,000, and identities of those involved have not been disclosed. Bloomberg reported this sale, which is part of a larger liquidation process for FTX’s cryptocurrency holdings valued … Read more
As a crypto investor with a strong interest in the Swiss financial scene, I find the ongoing debate between the SNB and the crypto community regarding the integration of Bitcoin into the country’s reserves intriguing. The SNB’s reluctance to consider Bitcoin as a viable reserve asset is understandable given their mandate for liquidity, stability, and … Read more
As a seasoned crypto investor with a keen understanding of the market dynamics and economic indicators, I find the recent hotter-than-expected PCE inflation data from the Federal Reserve disconcerting. The persistent inflation rates and the central bank’s cautious approach to rate cuts have significantly impacted various risk assets, including Bitcoin and equities. The Personal Consumption … Read more
As a researcher with extensive experience in the cryptocurrency market, I find the current situation surrounding Bitcoin intriguing. The recent price drop and the appearance of bearish indicators such as the death cross on Bitcoin’s 12-hour chart have raised concerns about a potential downturn. However, it’s important to remember that historical data suggests these signals … Read more
As an experienced analyst, I have closely monitored the cryptocurrency market and its price movements for several years. The recent downturn in the market, which has seen Bitcoin drop to $64,100 and XRP‘s native token falling to $0.52, is a concerning development. However, some analysts, including Egrag Crypto, are suggesting that XRP could surge to … Read more