Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading Despite this considerable…
Amid the growing market anxiety, a ray of hope emerged for cryptocurrency investors relying on Fetch.ai (FET). A renowned crypto expert predicts that after a dramatic 28% drop over the past month, the coin is set to have a huge comeback. Related Reading Fetch.ai Shows Resilience Although unpredictability has haunted the crypto space, Fetch.ai has…
SVET Markets Weekly Update – July 8–12, 2024 On Week 28, stocks experienced a sharp decline with the Nasdaq and S&P crashing due to a classic WS move of ‘selling the news’ after an unexpected drop in the core inflation rate to a three-year low of 3.3% in June. This decline in inflation has amplified…
Bitcoin steadies as signs emerge of a possible local bottom. Is the worst over? Bitcoin is back down $57,000, after a brief rebound to $59,000 early in the week. Bitcoin has slumped 15% over the past month, based on sell pressure from Bitcoin Miners, sell pressure from Germany, and the beginning of Mt. Gox refunds.…
SVET Markets Weekly Update – July 1st–5th, 2024 On Week 27, stocks reached new highs as unemployment rose to the highest in nearly three years. Meanwhile, BTC crashed below $54K due to prolonged selloffs by whales amid increasing geopolitical worries, particularly after a significant shift in the UK government where pro-crypto politicians lost their positions…
Discover why PlayDoge is the hottest P2E presale this summer. With 50x gains a real possibility, this project should be in your investment portfolio. The Play-To-Earn gaming sector is rapidly gaining momentum, attracting gamers and investors with its unique combination of entertainment and financial opportunity. This summer, PlayDoge has emerged as the hottest P2E presale,…
Recently, we are getting some signs that the long bear run is finally over, as lots of coins have started to trade in green this past week. However, Bitcoin can’t regain the stability it once had as its price is hovering around the 60k mark. This is a 1.7% lower value compared to 7 days…
Bitcoin’s future looks uncertain and has been in a downtrend since the beginning of June, unable to gain upward momentum despite positive ETF inflows. On July 3, Bitcoin’s price fell briefly below the crucial $60,000 psychological mark on fears that Mt. Gox is about to release $9 billion worth of BTC. U.S. Sport Bitcoin ETFs…
Recently, we are getting some signs that the long bear run is finally over, as lots of coins have started to trade in green this past week. However, Bitcoin can’t regain the stability it once had as its price is hovering around the 60k mark. This is a 1.7% lower value compared to 7 days…