Tag: Market

Market Expert Says Biggest Crypto Disaster Yet To Happen

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Veteran crypto trader, Peter Brandt has issued a warning to the broader crypto community, stating that the industry has yet to experience its biggest disaster. Brandt boldly predicts that this catastrophe will be linked to cryptocurrency staking and the people involved in it.  Related Reading Staking Could Lead To Crypto’s Greatest Disaster In an X (formerly Twitter) post on May 24, Brandt labeled crypto staking as one of the biggest threats to the digital currency space. According to the analyst, staking could become the harbinger of disaster for the industry,…

The Unintended Consequences of FIT21’s Crypto Market Structure Bill

The bill’s proposed bifurcated market for restricted and unrestricted digital assets ignores fungibility as a fundamental characteristic of crypto tokens. By creating categories of restricted and unrestricted assets, the bill disrupts this principle, leading to confusion and market fragmentation. This could impair liquidity, complicate transactions and risk management mechanisms such as derivatives, reduce the overall utility of the crypto tokens and ultimately stifle innovation in a nascent industry. Source

Crypto Market Extends Slide Despite SEC Ether ETF Filings Approval

Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows. The bulk of the positions were longs betting on rising prices, worth roughly $250 million,…

Milei Moneda grabs market spotlight amid XRP, Dogwifhat decline

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Milei Moneda gears up for a rally before its Uniswap launch, while XRP remains bearish and Dogwifhat is expected to decline by 27% next week. Amid bearish pressures on XRP and Dogwifhat (WIF), Milei Moneda (MEDA) shines due to its growing popularity in the ongoing presale. Investors seeking alternatives in the downturn are taking notice. Read on to explore how Milei Moneda has shaken up the crypto space. Ripple’s…

Bitcoin Price Dips Again: Market Fluctuation or Start of a Correction?

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Bitcoin price extended losses and traded below $68,800 support. BTC is now consolidating and facing hurdles near the $70,000 resistance zone. Bitcoin extended its decline below the $68,800 support zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move done unless the bulls push it back above $70,000. Bitcoin Price Breaks Support Bitcoin price started a…

Bitcoin (BTC) Price Drops Below $68K, Ether Slumps in Crypto Market Sell-Off as ETH ETF Decision Looms

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U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

“The industry has superficially recovered this year, in part due to controversial approval of spot BTC ETPs by the Securities Exchange Commission,” the letter said. “Yet, the scams, hacks, theft, instability, reckless promotional activities, and regulatory evasion that were present during the last crypto bull market remain endemic in the industry today.” Source