In October, Bitcoin‘s price broke past its 200-day moving average, signaling a bullish trend, and hit an unprecedented peak of over $73,500 last month. The 200-day moving average is an important signal of long-term trends, and its recent sharp increase suggests robust buying power among investors. This trend is projected to exceed its previous high … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the cryptocurrency market bottoms including during the 2018 bear market, has expressed that the price of Solana ($SOL) is primed for a significant price surge. On microblogging site X, which now has over 250,000 followers, the well-known pseudonymous cryptocurrency expert known as Bluntz Capital displayed … Read more
In simple terms, the cost of XRP, the native token of the XRP Ledger, experienced a significant increase of over 6% within a day, coinciding with a substantial rise in the number of large XRP wallets approaching a new record high. Based on information from cryptocurrency analysis company Santiment, there is now an estimated 2,013 … Read more
More recently, Michelle Makori from Kitco News held an enlightening conversation with experienced finance professional and writer, Jared Dillian. Jared Dillian is a renowned financial writer and strategist, with a background as a previous Wall Street trader. He’s celebrated for simplifying intricate investment concepts for the general public, making him a go-to expert in finance. … Read more
Ray Dalio, the founder, chief investment officer mentor, and member of the Bridgewater Associates board, is also identified by these roles. Dalio is renowned for his principle-based investing strategy that prioritizes examining historical economic trends to minimize risks. His expertise in data analysis and profound grasp of macroeconomic influences have significantly contributed to Bridgewater’s enduring … Read more
After Bitcoin underwent its fourth halving on April 20, there have been distinctive movements in the cryptocurrency market. Bitfinex’s recent “Bitfinex Alpha” report, released on April 22, sheds light on encouraging Bitcoin trends based on on-chain information, despite the economic instability in the US. Based on the data from the report, Bitcoin investors are transferring … Read more
On April 22nd, Ripple Labs responded to the Securities and Exchange Commission’s (SEC) request for almost $2 billion in fines. This action is the most recent event in the ongoing legal dispute between the two entities, which began in December 2020. The Securities and Exchange Commission (SEC) alleges that Ripple raised $1.3 billion by selling … Read more
Based on information from Reuters, Venezuela’s national oil company, PDVSA, is moving more toward using the digital currency Tether (USDT) for its crude and fuel exports as the U.S. reinstates sanctions on Venezuelan oil. Three sources familiar with the situation told Reuters that PDVSA is hastening its transition to Tether in order to minimize the … Read more
Last week, a sum of $206 million was withdrawn from investment funds specializing in cryptocurrencies, making it the second consecutive week with outflows. In contrast, alternative coins such as $LINK, $DOT, $XRP, and $ADA experienced notable inflows. Based on CoinShares’ recent Digital Asset Fund Flows report, there were weekly inflows of $8.55 million into cryptocurrency … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the market lows during the 2018 cryptocurrency crash, has now expressed confidence that Bitcoin will reach a new record high within the coming 1-2 weeks. On microblogging site X, where Bluntz Capital has over 250,000 followers, he recently posted his prediction: Bitcoin’s price could peak … Read more