Bitcoin has not tracked global M2 money supply with such a large lag since May, observed the head of growth at Theya, Joe Consorti, on Wednesday. BTC is now lagging behind money supply growth by around 70 days, whereas gold has maintained an almost perfect correlation. It is a tale of “cross-asset correlations amid secular […]
Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market. However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data. BTC Down 20% against Gold The economist dismissed Bitcoin in a September 24 […]
Ripple is executing a strategic pivot that could redefine the role of Ripple (XRP) in global finance. Alexis Sirkia, Captain of the Yellow Network, believes the launch of Ripple USD (RLUSD) and the first U.S.-based XRP ETFs could reignite transaction volume on XRPL. RLUSD-XRP Synergy Fuels Liquidity and Adoption Sharing his views with CryptoPotato, Sirkia […]
Powell delivered a speech at the Greater Providence Chamber of Commerce on Tuesday, outlining the central bank’s economic outlook, which could heavily impact risk-on assets such as crypto. He said that GDP growth has moderated to around 1.5% in the first half of the year, down from 2.5% last year, and unemployment remains low at […]
“I think we’re going to see a *MASSIVE* move up by Bitcoin soon,” said crypto analyst ‘Colin Talks Crypto’ on X on Monday. He added that we are at a “pivotal moment right now,” and BTC is “going to soar soon, and not look back.” The bullish prediction came as Bitcoin tanked around $4,000 from $116,000 […]
Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve’s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a “hawkish cut,” but sentiment improved as the week progressed. By Thursday and Friday, inflows […]
Arthur Hayes has sold more than 96,000 HYPE tokens on Sunday for $4.8 million, according to Hypurrscan. Lookonchain reported that he made $823,000 in profit on the trade. “Need to pay my deposit on the new Rari 849 Testarossa,” said Hayes on Sunday. Ferrari unveiled the new plug-in hybrid in Milan this month, and the 1,036-horsepower […]
Bitcoin’s price actions took a turn for the worse over the past hour or so as the asset plunged to its lowest position since September 10 in a sudden flash crash. The liquidations, which stood at roughly $600 million earlier today, spiked by another billion as a result. BREAKING: Over $1 billion worth of Bitcoin […]
The Royal Canadian Mounted Police (RCMP) Federal Policing – Eastern Region has announced the largest cryptocurrency seizure in Canadian history, after seizing more than 56 million Canadian dollars (approximately $40 million) from the platform TradeOgre. The operation was carried out by investigators specializing in financial crime, cybercrime, and cryptocurrencies. It is also the first time […]
The entire cryptocurrency market turned red on Monday morning after the relatively calm weekend trading, but the altcoins are leading the pack this time. At the same time, bitcoin has also retreated but in a more modest manner, which has increased its dominance over the market. Cryptocurrency Market Overview. Source: QuantifyCrypto The chart above demonstrates […]