Larry Fink, CEO of Blackrock, goes against the market’s expectation of three interest rate cuts this year by forecasting that the US Federal Reserve will only reduce rates twice in 2023. This prediction clashes with earlier market predictions and comes at a time when new Consumer Price Index (CPI) data has left the future path … Read more
In the past 24 hours, the market has witnessed significant crypto sell-offs as asset prices drop dramatically. According to on-chain information, approximately $200 million worth of leveraged crypto positions have been forcedly closed in just the last hour. In the past 24 hours, the overall amount has reached $885 million, causing varied responses among investors … Read more
Right now, the value of cryptocurrencies is dropping unexpectedly, surprising many investors who had been eagerly anticipating the upcoming halving event. Despite the views of some macroeconomists and traders, including Henrik Zeberg who is well-known in these fields, Bitcoin is believed by him to be primed for further price increases. A disastrous price crash This … Read more
The price of Binance Coin on Binance has been following a sideways pattern for over a month, mirroring Bitcoin‘s price hovering around $7000. This period of stability is considered pre-halving consolidation, which pushes out weaker investors and attracts strong buyers. Consequently, most altcoins, including Binance Coin (BNB), have been uncertain during this time. However, BNB‘s … Read more
After the green light was given for Spot Bitcoin ETFs, market analysts have kept sharing their views on the prospect of additional crypto ETFs, including a potential XRP ETF, being introduced in the near future. The latest voice to join this discussion is Ripple‘s CEO, Brad Garlinghouse, who has weighed in on the likelihood of … Read more
The International Monetary Fund (IMF) is considering lending El Salvador $1.4 billion, but as a condition, they’re asking the Central American country to reevaluate its Bitcoin law. El Salvador Loan Demands and IMF Demand The loan negotiations between El Salvador and the IMF have been ongoing for an extended timeframe in order to enable El … Read more
Based on information from blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, the company behind the popular NFT collection Bored Ape Yacht Club (BAYC), has reportedly been transferring royalties to a wallet linked to FTX US. This wallet, with the address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1, is now associated with the bankrupt cryptocurrency exchange, FTX US. Over the … Read more
In April, the crypto market exhibited unclear signs, making it difficult for investors to determine the best course of action. With no clear trend in sight, they are left perplexed about which altcoins to purchase and which to offload. This is a significant time for numerous investors as the Bitcoin halving, which typically happens about … Read more
Mike Novogratz, CEO of Galaxy Digital, highlighted a recent post by Reddit’s co-founder Alexis Ohanian on the X social media platform. In his post, Ohanian discussed the intriguing intersection of artificial intelligence (AI) and blockchain technology, as perceived by Novogratz. Based on Ohanian’s perspective, one technology has become essential due to the overwhelming presence of … Read more
In the midst of a wider market decline, the Chainlink price has been gradually correcting, as indicated by the lower highs in the daily chart. This correction appears to have formed a descending triangle pattern during analysis of the daily chart. With market instability fueling this bearish pattern, there’s a possibility for an extended drop … Read more