Day: August 3, 2024

Could Bitcoin Outshine Gold? Trading Guru Weighs In On The Historic Financial Duel

boss

In the digital asset world, the only valid rival for Bitcoin asides Ethereum is often regarded as Gold. So far, many analysts and experts have continued to make comparisons between these two assets especially to see what price Bitcoin could trade at if it had the same market cap as Gold. Speaking on a similar topic, Peter Brandt, a trading guru with decades of experience in the trading space has recently shared insights, focusing his analysis on the ongoing rivalry between Bitcoin and gold, positioning them as contenders for the…

Genesis transfers $3b worth of crypto amid bankruptcy

Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH) in recent days.  Wallets associated with Genesis have reportedly moved 32,256 BTC, valued at approximately $2.12 billion, and 256,775 ETH, worth about $838 million, over the past three days. These transactions included large transfers of 16,600 BTC ($1.1 billion) and 166,300 ETH ($521.1 million) within a single hour, suggesting the assets…

Crypto Analyst Warns That Bitcoin Could Crash To $42,000 If This Happens

boss

In a recent price analysis, a crypto analyst has highlighted a crucial support level for Bitcoin (BTC), emphasizing the possibility for the pioneer cryptocurrency to plummet significantly to new lows if it fails to maintain certain key levels.  Bitcoin Risks Crash To $42,000 On August 1, the pseudonymous crypto analyst DonAlt shared an in-depth price analysis and future outlook of Bitcoin on the TechnicalRoundup YouTube channel. According to the analyst Bitcoin could experience a potential price crash to $42,000 if it fails to hold the critical support level at $63,000. …

Monero leads top altcoins in 24-hour gains despite sea of red

Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours. On Aug. 2, Monero (XMR) rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red. Monero, a privacy coin, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap…

Crypto Analyst Weighs In On The Market

boss

As the crypto market faces another drop, a pessimistic sentiment surged again. Some investors seem to fear that altcoins won’t take off this cycle and that they have lost their chance of profiting from the bull run. However, renowned analyst Altcoin Sherpa weighed in on the matter, suggesting that the market is set up to “do well” in the coming months. What Makes This Cycle Not Like Others? A few months ago, Altcoin Sherpa addressed the pessimistic sentiment brewing among some sectors of the crypto community. In an X post,…