Peter Brandt, an old-school commodities trader with decades of experience, recently made a gloomy comment on the current situation of Bitcoin. He highlighted the fact that Bitcoin had experienced a nearly 6% decline over the last 24 hours, dropping from $56,500 to $53,200. Brandt pointed out that the last time Bitcoin closed at such a
Crypto
In a recent development, Figure Markets, in collaboration with shareholder Veton Vejseli, has formally requested access to certain company records from Ionic Digital under Section 220 of the Delaware General Corporation Law. This request aims to investigate potential misconduct by the Board of Directors and evaluate their performance of fiduciary duties. The request for access
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently released its Block Scholes Crypto Derivatives Analytics Report for the cryptocurrency market. This report delves deep into various macro events, trading signals, and the shifting sentiment within the crypto derivatives space. One of the key highlights from the report is the significant increase in
The once unstoppable Bitcoin rallies seem to have come to an abrupt halt, leaving many experts and investors with a grim outlook on the future. The euphoria that was present in the cryptocurrency market at the beginning of the year has now been replaced by a sense of pessimism. The days when meme-coins were hyped
The experts at Spot On Chain, an AI-powered on-chain analytics platform, have offered intriguing insights into why Bitcoin could experience a positive September this year. One notable trend they pointed out is that nearly 43% of negative Augusts in the past have been followed by positive Septembers, suggesting the potential for a rebound in Bitcoin’s
The cryptocurrency market has been facing a bearish sentiment throughout the past week, with the total market cap dipping to $2.04 trillion, according to CoinMarketCap. This represents a 0.39% decrease in the last 24 hours, raising concerns among investors as the market cap approaches the significant $2 trillion mark. Bitcoin (BTC), the leading cryptocurrency by
As we head into the month of September, the cryptocurrency market is gearing up for what could potentially be a period of high volatility. The focus is primarily on key economic data releases, especially those related to employment, which have historically played a significant role in shaping the performance of digital assets. With several important
Peaq, a groundbreaking blockchain platform focusing on decentralized infrastructure networks (DePIN), is gearing up to launch its highly anticipated layer-1 blockchain between September 22 and September 30. This launch marks a significant milestone for the project, as it aims to revolutionize the way decentralized applications are developed and deployed. One of the key highlights of
In a recent turn of events in the Bitcoin market, on-chain data has unveiled a fascinating trend. Over the span of just 48 hours, a staggering 40,000 BTC has been withdrawn from cryptocurrency exchanges. This substantial outflow comes at a time when Bitcoin has been experiencing a period of relatively lackluster price performance. Interestingly, this
Financial journalist and Bitcoin advisor, Max Keiser, recently took to social media to sound the alarm on the rapidly increasing national debt of the United States. With the U.S. national debt hitting a new all-time high of $35.27 trillion, Keiser warned that the fiat U.S. dollar is on the verge of collapse, possibly within the