Month: June 2024

Will crypto regulation change after the SEC’s head of the crypto left?

David Hirsh, the former head of the Cryptocurrency and Network Division at the U.S. Securities and Exchange Commission, has left his position. In his LinkedIn post, he called securities trading a “team sport.” He thanked his SEC colleagues for their cooperation and joint efforts to achieve a common goal. “As I often say, securities enforcement is a team sport, and that was certainly true throughout my tenure. Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal. Thanks to all…

Analyst Predicts A Run Above $0.00015 If This Happens

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Shiba Inu has received another bullish prediction from a crypto analyst, highlighting the expectations that the meme coin is far from done. This time around, a crypto analyst has predicted a notable surge in the SHIB price, with the expectation that it will reach a new all-time high by the time the rally is complete. Shiba Inu Poised For New All-Time Highs In an analysis posted on X (formerly Twitter), crypto analyst Javon Marks has shared a rather bullish expectation for the Shiba Inu price. Marks, who has been quite…

Should You Panic Or Buy?

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As Bitcoin dips below the $65,000 mark, currently trading at $64,886, the cryptocurrency market is witnessing a heightened sense of urgency among traders. This recent downturn reflects a broader trend observed over the past week, with Bitcoin shedding approximately 2.4% of its value. The last 24 hours alone saw a further decline of 1%, signaling growing market nervousness. Related Reading Should You Panic? Analysts from the blockchain analytics platform Santiment highlight the ongoing decline phase as a steepest three-day decline in active Bitcoin wallets since the peak earlier in March,…

Three reasons why the crypto market fell on Tuesday

An analyst cited by CryptoQuant theorized that a bottom was in play with the recent market-wide slump. The total cryptocurrency market declined by more than 7% over the past week and more than 3% in a month. Notably, Bitcoin (BTC) dropped below the $65,000 mark while altcoins suffered massive corrections.  Altcoins, typically more volatile than Bitcoin, have fared worse than the top virtual currency and lost over 4% of of market value in the last 30 days. BTC has shed around 3% in the same timeframe, but the token seems…

Expert Forecasts Altcoin Market Crash, Suggests Optimal Buy-In Points For Top 10 Cryptos

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Renowned crypto analyst Doctor Profit recently released “The big altcoin report” for the third quarter of the year, suggesting further downward movement for the market.  Based on historical performance and the current state of the market, Doctor Profit warns of an impending altcoin market crash triggered by an episode of uncertainty and a recent price correction in the top 100 cryptocurrencies, led by Bitcoin (BTC).  However, the analyst remains optimistic, highlighting potential buying opportunities and optimal entry points for several top altcoins.  Altcoin Market Correction Doctor Profit draws attention to…

Coinmetrics Report Explores the Risks of High FDVs in Crypto Markets

A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights From Coinmetrics In recent years, the launch Fully Diluted Valuations (FDVs) of crypto […] Source CryptoX Portal

Analyst Predicts Rise To $200 Amid 300% Surge In Volume

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Crypto analyst Egrag Crypto has provided insights into the XRP future trajectory, predicting that the crypto token could rise to three digits. His prediction comes amid a recent spike in XRP’s trading volume, which also provides a bullish case for the crypto token.  XRP To Reach $200 At Some Point Egrag suggested in an X (formerly Twitter) post that XRP could reach $200 at some point based on its next triangle consolidation. He stated that in the future, newbies would talk about how XRP’s price has remained stagnant at around…

BitMEX Co-founder Backs Meme Coins: A Boon For Dogecoin, Shiba Inu, PEPE?

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Meme coins, the once-dismissed “joke” tokens, are rapidly solidifying their position in the multi-trillion-dollar scene. According to CoinMarketCap, meme coins now command a cumulative market cap of over $45 billion. Interestingly, they are on an upward trajectory as thousands of meme coins are minted predominantly on top platforms like Solana, Ethereum, and Base. Analysts and investors are taking notice as meme coins like BOME, PEPE, and Dogecoin boom. Most predict this subset of crypto will expand and become a core part of the industry in the coming years. Arthur Hayes…

Blackrock’s Cohen Discusses Financial Advisors’ Cautious Approach to Spot Bitcoin ETFs

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Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk analysis and due diligence,” the executive stressed. “They’re doing that right now.” ‘This Journey That […] Original