Day: August 15, 2024

Analyst Pinpoints Prime Moment For Strategic Buy

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Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability. Related Reading The cautious outlook for Santana was based on the notion that, from his belief, the correction in the market wasn’t over yet. He indicated that BCH still might be due for a little room down to the bottom, likely to precede the bull market expected in 2025. Strategic Accumulation…

Bitcoin ETFs See $81M Outflow as Ethereum ETFs Cash In

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000

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The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000.  What Could Make Bitcoin Drop To As Low As $48,000 Van de Poppe mentioned in an X (formerly Twitter) post that Bitcoin could break below $56,000 and drop to a price target of $48,000 if the Consumer Price Index (CPI) inflation data…

Crypto Emerges as Reliable Liquidity Source

Contrary to popular belief, the inherent volatility of crypto markets is not a bug but a feature. With no circuit breakers in place, the always-on, globally accessible nature of crypto markets often makes them the first source of liquidity for investors. In fact, during times of panic, crypto might be the only asset investors can sell, as was evident on Sunday evening in the Western Hemisphere. By the time the U.S. stock market opened on Monday morning, crypto markets had stabilized, with both bitcoin and ether recovering approximately 10% from…

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them

Properly regulated and backed by quality reserves, stablecoins — with their instant and simultaneous settlement on blockchains — reduce counterparty risk because obligations are satisfied immediately. From payments to collateral to foreign exchange markets, this undoubtedly improves the safety and soundness of the global financial system. Clearly, today’s foreign-exchange settlement system is in dire need of a technology overhaul, and regulations should incentivize the adoption of technologies, like stablecoins, that mitigate risk. Source

Crypto Guru Arthur Hayes Bets On This Under-The-Radar Altcoin

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Arthur Hayes, a well-known crypto investor and former CEO of BitMEX, has reportedly made a major purchase of the little-known altcoin Aethir (ATH), amounting to 11.4 million tokens, valued at approximately $779,000. This transaction was identified and reported by on-chain data analytics firm Lookonchain. According to the firm, the purchase was made on crypto exchange OKX. Tracking Arthur Hayes on Etherscan | Source: X Lookonchain Shortly after Hayes’ acquisition, another purchase was reportedly made by a whale. A different anonymous investor acquired 28.87 million ATH, worth around $1.95 million, across…