Bitcoin is back above $71,000 and currently sits at $71,346. Sentiment has once again flipped bullish, with growing anticipation that Bitcoin might finally be preparing to break through $73,000 and push on to new highs.Huge ETF FlowsOne catalyst for the strong price action was a huge ETF inflow on Tuesday. U.S.-based spot Bitcoin exchange-traded funds…
Updated March 22nd 2024. If the volatility of investing in cryptocurrencies is too much for you but you still want to benefit from the new economy, setting up a small cryptocurrency mining operation at home may be the right choice for you. Although the quoted returns are high, we warn against ‘cloud mining’, as every…
SVET Markets Weekly Update May 27–31st, 2024On Week 22, stock markets ended slightly in the red as economic uncertainty and political developments dominated investor sentiment. The GDP growth was revised sharply down to 1.3%. Inflation remains above the Fed’s targets. Eurozone inflation unexpectedly accelerated, with major economies in the region continuing to decelerate. This combination…
Brave New Coin is of the honestly held opinion that cloud mining websites BlueskyMiner.com, Sunminer.com, X.CGmining.com (also know as CGMining or CGMiner) and GlobaleCrypto.com are scams. The scams are similar to others from Fancy Crypto, GBitcoins, HappyMiner, and AMGCrypto. There is a long history of cloud mining scams in the crypto space, and after conducting…
Bitcoin is still trading under $70,000 per coin, a nearly 400% increase from its late 2022 lows. The market is bracing for a volatile 2024 presidential election and a long-awaited dovish pivot from the Federal Reserve.Bitcoin is trading at $67,345, down %3 from 7 days, and still stuck in range at high prices, but unable…
Crypto sector observers believe it's only a matter of time before all major sports apps accept Bitcoin and other major cryptocurrency. That prediction carries weight as we're already seeing crypto impact the professional sports industry at every level - here's how.Professional sports is big news this year with some important and exciting fixtures on the…
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…
Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNC’s historical pattern as what could drive such parabolic price surge. Related Reading How LUNC’s Price Could Jump By…
Biden administration opposes H.R. 4763 while threatening veto on H.J. Res. 109 amidst crypto regulatory controversies.In a week marked by significant developments in the cryptocurrency regulatory landscape, the Biden Administration has made clear its opposition to two key legislative actions affecting the digital asset market. These actions include the passing of H.R. 4763, the Financial…
SVET Markets Weekly Update – May 20–24, 2024On Week 21, the major event was the sudden approval of the ETH ETF, which is widely seen as a result of political pressure from the White House on Gary Gensler to attract votes from crypto holders for the DEM campaign. This exciting development underscores the growing strength…