The creators of one of the top on-chain analytics firms in the crypto space believe that Bitcoin (BTC) is gearing up for an explosive move to the upside. Jan Happel and Yann Allemann say that Bitcoin is likely poised to break above the key resistance area at $30,000. According to the Glassnode co-founders, the macro …
Monthly archives: May 2023
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Market Analysis Join us on social networks Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC …
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Strategist At $4,500,000,000,000 Fund Warns Sudden Interest Rate Drop Could Crush Dollar, Boost Bitcoin and Gold
Fidelity macro expert Jurrien Timmer says that a Fed pivot back to lower interest rates could ignite fresh bull markets for gold and Bitcoin (BTC). Timmer points out to his 162,000 Twitter followers that gold and Bitcoin have outperformed virtually all other financial assets so far this year. He says an economic scenario could develop …
US Dollar Supremacy Remains Unchanged As 187 Countries Don’t Want Their Own Currency: Chamath Palihapitiya
Billionaire Chamath Palihapitiya believes the US dollar’s supremacy remains unquestionable despite recent headlines featuring the trend of de-dollarization. In a new episode of the All-In Podcast, Palihapitiya says that the devaluation of the dollar is not all bad news for the United States. According to the billionaire venture capitalist, a weaker dollar actually boosts the …
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal …
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Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of …
Gallup Poll: Americans’ Preference for Real Estate, Crypto Plunges — Fondness for Gold Skyrockets
A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term investment, despite its continued popularity. Conversely, the Gallup survey indicates that the perception of long-term investments in gold has experienced an almost twofold increase compared to the previous year’s poll on the same topic. Gallup …
Top Analyst Issues Bitcoin Alert, Says BTC Could Witness 2015-Style Correction – Here’s His Downside Target
An analyst who continues to build his following with long-term Bitcoin (BTC) calls warns that the crypto king could go through a major correction similar to what happened about eight years ago. Psuedonymous analyst Rekt tells his 345,100 Twitter followers that Bitcoin appears to be acting similar to its 2015 price action, when it retested …
Can memecoins be used as real currency?
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized, users have more control over their money and are protected from …
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States Congressional Budget Office (CBO) has predicted that the U.S government’s annual deficits will “nearly double over the next decade.” News Join us on social networks The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a …
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NFT Sales Rise 36% To $217 Million This Week – Bitcoin NFTs Explode 260%
The market data shows that the global trading volume of non-fungible tokens has jumped higher this week, despite the recent hype surrounding shitcoins. The NFT […] Go to Source
US Debt Obligations To Hit $200,000,000,000,000 if Entitlements Are Not Cut As Demographic Storm Looms: Stan Druckenmiller
Legendary investor Stanley Druckenmiller is warning that America’s fiscal situation could force the nation to give up on much of its social programs and entitlements. In a new keynote speech, Druckenmiller, known as “The Druck”, says few are giving an honest look of the severity of the US debt, and most are not accounting for …
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms is seeking to terminate “certain hosting agreements” with Rhodium Enterprises and be relieved of refunding any outstanding power credits. News Join us on social networks Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to …
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South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it now projects South Africa’s gross …
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. …