Month: October 2024

Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as “Uptober”, highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Krüger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was...

Crypto Mining with Solar Panels!...

On-chain data shows the Bitcoin Active Addresses have continued to see a steep decline recently, a sign that could be bearish for BTC. Bitcoin Active Addresses Have Recently Seen Their Biggest Drop Since 2021 As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC Active Addresses...

A prominent crypto trader suggests that meme coins like PEPE (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Popcat (CRYPTO: POPCAT) are poised for potential breakouts based on a technical indicator. What Happened: The Elliott Wave theory posits that a bullish asset often undergoes a five-wave rally before reaching its peak...

Ether suffered a 6% decline, dropping under $2500, but based on market structure, ETH’s price is currently consolidating in a “golden zone.” ...

Dogecoin (CRYPTO: DOGE) may have retraced significantly this week, but whale investors have still not given up on the king of meme coins yet. What Happened: On Tuesday, popular blockchain research firm Santiment took to X to share its findings of Dogecoin’s recent performance. The firm noted a significant...

The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF). Crypto Review In Japan The Need Of The Hour Speaking with Bloomberg on the condition of anonymity, an official at Japan’s Financial Services Agency...

The thesis that Bitcoin (CRYPTO: BTC) would keep investors’ wealth secured during geopolitical risks was negated after the leading cryptocurrency plunged along with stocks over fears of a full-fledged war in the Middle East. What happened: The world’s largest cryptocurrency slipped below $62,000, down about 3.52%, as news of...

In a recent interview, Michael Novogratz, CEO of Galaxy, predicted a significant boost for Bitcoin (CRYPTO: BTC) with the advent of options trading on ETFs. This forecast comes amidst ongoing discussions about the Federal Reserve’s interest rate decisions and their potential impact on Bitcoin prices. What Happened: Novogratz, speaking...

Bitcoin is back to red at press time, looking at the performance in the daily chart. After the close of the unexpectedly bullish September bar, the coin started on a weaker footing in October, dropping nearly 5% from the $65,000 and $66,000 resistance zone. Will Bitcoin Follow Global M2...