The weekend has been characterized by a rollercoaster of emotions for the crypto community, with fear gripping investors who are concerned about the latest market conditions. According to current data from Alternative.me, the Crypto Fear & Greed Index sat at 26/100, signaling fear among investors. If the market condition worsens, the indicator may inch closer…
The cryptocurrency world recently faced a major upheaval with a crypto selloff that has sent shockwaves through the market. This dramatic event saw significant declines in the values of top cryptocurrencies, including Bitcoin and Ethereum. As a result, investors are grappling with uncertainty and concern. The crypto selloff, which wiped out billions in market value,…
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7. Source link
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month, sleeping bitcoin wallets from 2017 moved about 1,636.94 BTC through 23 distinct transactions….
Over 2,200 letters addressed to US senators within only 48 hours asking their support have given the proposed Bitcoin Strategic Reserve law great momentum. This grassroots initiative fits with the recent Bitcoin Act proposal by Senator Cynthia Lummis, which seeks to create a distributed network of safe Bitcoin vaults run by the US Treasury. Using…
A closely followed crypto analyst says the next Bitcoin breakout could create enough momentum for sidelined traders to finally jump into BTC. Pseudonymous analyst The Crypto Dog tells his 804,500 followers on the social media platform X that he’s looking at $65,000 as the level where momentum fully swings back to the side of BTC…
EUR/USD: What the ECB and Fed Will Do ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones. Germany set the tone for European statistics, with consumer inflation rising instead of falling. According to the initial estimate, the Consumer Price Index (CPI) increased year-on-year…
A popular crypto analyst and trader is warning that Bitcoin (BTC) could suddenly correct much deeper. Pseudonymous analyst Altcoin Sherpa tells his 219,100 followers on the social media platform X that Bitcoin could decline more than 7% from its current value. “If we lose this region [around $62,000], it’s $58,000 in my opinion. That’d be…
TL;DR Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price. This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions. What if the US Embrace BTC? The United States will soon have a new President,…
In a video released on August 2, popular pseudonymous analyst and trader Crypto Jebb provides an in-depth analysis of the current bearish indicators in the Bitcoin market and what they mean for the future of the cryptocurrency. Introduction Jebb notes that Bitcoin has recently experienced a significant drop, falling to $64,000 and further to a…