Author: finance
Escalating sensations of exhilaration and apprehension were palpable in the cryptocurrency sphere yesterday as Bitcoin’s unexpected price trajectory took centre stage. The digital currency took a steep plunge to $89,100 only to rally back swiftly, reclaiming the $96,000 level. Market makers often use such intense dynamics to wipe out leveraged positions, thereby fostering short-term tumult but simultaneously strengthening the long-term construct of the market. Prominent analyst Axel Adler has unveiled a fresh model termed the Margin of Safety (MoS) for pinpointing Bitcoin’s value. This inventive metric sheds light on whether Bitcoin is currently over or undervalued compared to historical precedents.…
In the expansive realm of finance, the feasibility of Bitcoin as a national reserve asset is being debated across various parts of the globe. In regions such as North America, South America, Asia, Europe, and Africa, there are discussions concerning the stockpiling of Bitcoin as a national reserve asset. As the popularity and trust in cryptocurrencies like Bitcoin increase, meme coins such as $WEPE, and $MIND are also gaining recognition for their potential roles in the global financial system. This article will delve into five promising meme coins that could prove to be lucrative investments in preparation for a potential…
As we delve into the ever-evolving world of cryptocurrencies, renowned banking exec, CEO of JPMorgan, Jamie Dimon, revisits his skeptical stance about Bitcoin during a recent interaction with CBS News. Throughout the course of his career, Dimon has maintained a consistent viewpoint, dismissing Bitcoin due to its lack of intrinsic value and alleged participation in questionable activities. However, despite his disapproval, Bitcoin continues to demonstrate impressive endurance in the market. Dimon’s Doubts and Bitcoin’s Strength Dimon’s main detractor against Bitcoin is its supposed link with nefarious activities such as money laundering and human trafficking. He believes these associations taint the…
As we navigate the tumultuous tides of the cryptocurrency market, Bitcoin finds itself grappling with a downward momentum, currently priced under $90,000. Yet, the market reveals sparks of hope as retail investors continue to demonstrate buoyant activity amid rising volatility. Unfazed by fluctuating trends, this segment signals ever-growing enthusiasm for the world’s best-known digital asset. Rise in Bitcoin’s Short-term Holder Realized Cap Renowned on-chain expert and CryptoQuant author, Axel Adler Jr., sheds light on a silver lining amidst the challenges faced by Bitcoin. His latest analysis reveals a surge in Bitcoin’s short-term realized cap, indicating a wave of bullish sentiment…
As a breakthrough blockchain project that has already amassed an impressive pre-sale of over $10 million, Layer-2 initiative ‘Finances Zippy’ is rapidly emerging as a leading light in the blockchain space. Through its innovative solutions to the challenges that plague the Solana network such as scalability, congestion, and downtime, Finances Zippy is capturing the interest of traders en masse. Offering its $SOLX tokens at a current price rate of $0.001596 per token, this novel project offers a promising opportunity for early investors as the value is expected to rise as the project advances. What Makes Finances Zippy Stand Out in…
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…