Author: finance
In a world where the digital economy is rapidly on the rise, countries across North America, South America, Asia, Europe, and Africa are contemplating the decision to build their own Bitcoin reserves. This emerging trend is aimed at boosting the legitimacy of cryptocurrencies, creating a platform for meme coins such as $WEPE and $MIND to be recognized as a vital part of global financial systems. DeFi’s growing footprint has paved the way for these meme coins to transition from mere novelties to serious contenders, delivering significant returns in recent times. Now, let’s delve into what the top 5 meme coins…
As we approach the inauguration of Donald Trump in six days, it’s clear that this is a historical event for the United States. The outgoing president of the 2020 American presidential election has always been favorable to the crypto ecosystem, as evidenced by his timely appointment of pro-crypto personalities to head various administrations and committees. This dynamic shift in the political landscape could potentially alter the future of digital finance as we know it. Who is the New US Secretary of the Treasury? The United States Department of Treasury plays a critical role in promoting economic prosperity and ensuring the…
Welcome to a comprehensive exploration of the increasing interest and investment in Bitcoin by corporations worldwide. This article dives into the details, analysing the growing appeal of this digital currency for businesses and its implications on the market. Aided by the ever-evolving developments in industry regulations and public opinion, Bitcoin’s adoption by corporations is set to spike exponentially. Corporations Embrace Bitcoin In a recent memo dated January 13, 2025, Matt Hougan, the Chief Investment Officer of Bitwise, revealed that the phenomenon of companies purchasing Bitcoin for their treasury needs is far more extensive and influential than most investors comprehend. Hougan…
The current situation of the Cardano price is precarious, with indications of a potential considerable price correction from technical analysis. This analysis, carried out on the 4-hour candlestick chart and disseminated via TradingView, signals a potential 15% drop for the Cardano price in the wake of a recent break below the Exponential Moving Averages (EMAs). Cardano Price Plummets Below EMAs, Hinting at Possible Bearish Turn Crypto analyst SwallowAcademy, via the TradingView platform, noted that Cardano kicked off the week with a string of four bearish candles within the 4-hour timeframe. This marked the currency’s slide below the Exponential Moving Averages…
In a recent turn of events, Robinhood Markets has reached an agreement to pay a hefty sum of $45 million to settle a myriad of cases filed against it by the US Securities and Exchange Commission (SEC). The public document released by the SEC reveals that the company was found guilty of violating regulations related to blue sheet filing, identity theft and suspicious activity reportage, inclusive of a data breach from 2021 which led to a massive exposure of customer data. The focal units held accountable for accepting and executing trades, Robinhood Securities and Robinhood Financial, both subsidiaries of Robinhood…
In the dynamic world of cryptocurrency, the return of the Meme-Coin season has triggered quite a frenzy, with Fartcoin leading the excitement. The token, showcasing a staggering 60% rise within the span of 24 hours, has not only reclaimed the crucial $1 mark but is also inching closer to significant resistance levels that could potentially pave its way towards the $2 mark. Resistance at $1.15 Despite witnessing a dip to $0.67 during the recent market slump, Fartcoin has demonstrated an impressive recovery. Currently valued at $1.11, the token is on the edge of overcoming the $1.22 resistant level. This level…
As the world of cryptocurrency sees a resurgence, investors are keenly monitoring the scenarios unfolding. One especially significant development is MicroStrategy’s recent investment of $243 million in Bitcoin (BTC), which comes hot on the heels of the BTC price rebounding from a recent slump to $89,200. Remarkably, the largest cryptocurrency has bounced back to over $95,000, with multiple altcoins such as Ethereum, XRP, and AAVE showcasing strong gains. This article shines a spotlight on these developments, unravelling the implications they hold for the future of Bitcoin. MicroStrategy’s Persistent Investment in Bitcoin Making a significant move in the cryptocurrency landscape, MicroStrategy…
As the crypto market continues to evolve, many investors are keeping a close eye on Cardano as its price fluctuates. In the past seven days, the Cardano price has declined by over 13%, causing it to dip below $1. However, financial analysts are currently viewing this dip as a potential buying opportunity. The question that now lingers among many investors is should one buy Cardano now or look for other cryptocurrencies with potential? Currently valued at just below the symbolic $1 mark at $0.98, Cardano, which holds the ninth position in the crypto market, has experienced a period of consolidation…
As we delve deeper into the digital age, the incorporation of Bitcoin into corporate treasuries has witnessed an astonishing surge. This trend, unnoticed by many, is gaining traction at an alarmingly rapid pace. Bitwise’s Chief Investment Officer (CIO), Matt Hougan, in his recent memo, asserts that hundreds of corporations worldwide will integrate Bitcoin into their treasuries within the next 12-18 months, propelling the Bitcoin market to greater heights. Emergence of a Bitcoin Megatrend Hougan’s memo, “Companies Buying Bitcoin: An Overlooked Megatrend,” spotlights how this trend is far more pervasive than generally perceived. While MicroStrategy and its founder, Michael Saylor, often…
As we step into the dawn of a new year, the Bitcoin (BTC) market has once again become the focus of the financial world. Despite starting on a bullish note, the premier cryptocurrency quickly lost ground, slipping below $95,000 and stirring uncertainty among investors. This article aims to shed light on how the most valuable cryptocurrency may fare by the end of the month by examining Bitcoin’s historical returns and price patterns. History of Bitcoin Returns in January To better ascertain Bitcoin’s potential trajectory, we delved into the data sourced from the Coinglass platform, calculating Bitcoin’s average and median historical…