As a seasoned crypto investor with a few years under my belt, I find these three news stories intriguing and relevant to the current market landscape. Let me share my thoughts on each:
Check out U.Today’s top three news stories over the past day.
Binance CEO faces SHIB army’s pleading to start burning SHIB, here’s why
The post from Binance CEO Richard Teng about Bitcoin ETFs and Bitcoin’s rising popularity has drawn the interest of the Shiba Inu community. Instead of discussing Bitcoin in the comments, these fans asked if Binance could burn Shiba Inu tokens using trading fee revenues, similar to how Binance has been burning Terra Luna Classic (LUNC) tokens since 2022. The Shibburn team joined the conversation, suggesting that Binance could burn SHIB tokens in a comparable manner.
Bitcoin miners are capitulating, but there’s a silver lining
As a crypto investor, I’ve been keeping an eye on Ki Young Ju’s latest insights on X platform regarding Bitcoin miners. According to him, the mining capitulation we’re currently experiencing is far from over. When miners are under pressure due to falling prices and fees, they’re often forced to sell their Bitcoin holdings – this is what we call mining capitulation.
Legendary Bitcoin trader John Bollinger shares crucial portfolio tip
As a financial analyst, I’d like to share some valuable insights from John Bollinger’s latest post on his X page. Bollinger, an accomplished technical analyst and creator of the Bollinger Bands indicator, advised investors against holding “cruft” assets in their portfolios. According to him, this approach would streamline portfolio management and enhance the performance of the remaining investments.
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2024-07-11 20:02