Author: Maria
The Bitcoin price action in the past two weeks has reiterated its volatile nature despite the steady flow of institutional money. The cryptocurrency surged in the last days of September from $53,500 to a high of $66,000, only to pull back to $61,000 in the first few days of October, showing its unpredictable nature. Interestingly, Bitcoin’s rally to reaching $66,000 has led to a change in the investing dynamics among holder cohorts. Furthermore, this change in dynamics reveals that its reversal and retest after the rally is not entirely bad news for Bitcoin’s price. In fact, this shift suggests that…
Robert Kiyosaki, the influential author of Rich Dad Poor Dad, recently issued a stark warning to his followers about the current investment climate on X (formerly Twitter). He characterized the current era as becoming “weird” and advised individuals to exercise caution when considering advice from ostensibly credible sources. Kiyosaki’s message is unequivocal: not all advice is beneficial, particularly in a market where eccentricity can result in investments that are misguided. Kiyosaki: The Perils Of Misleading Advice The cautionary tale of Kiyosaki is based on a personal anecdote concerning Iraqi dinars. He described how a woman approached a friend and recommended…
Bitcoin fell more than 6% early on Tuesday as a result of Iran’s missile attack on Israel, which intensified tensions in the Middle East. As soon as the market for cryptocurrencies opened up, Bitcoin dropped to its present level, a little below $61,000. Bitcoin had already fallen from about $62,200 earlier in the day, which contributed significantly to a phenomenon: volatility that sparked dissatisfaction around the world. Fearing what this war might bring, investors rushed away from the riskier assets like Bitcoin and sought traditional safe havens in gold. How The Market Responds To Political Unrest Military strife wasn’t the…
Pseudonymous crypto analyst @pakpakchicken on X (formerly Twitter) is one of the analysts who were able to correctly call the market bottom during the Bitcoin price decline back at the start of September. With the prediction playing out as expected, the crypto analyst has once again taken to the social media platform to inform Bitcoin investors of what they should do next as the price continues its recovery. Bitcoin Could Keep Going Up Back in early September, the crypto analyst shared a liquidation heatmap that showed that the majority of Bitcoin traders had suffered massive losses. The decline below $57,000…
The Bitcoin price movement has been a point of contention among many crypto analysts, but almost everyone can agree that the way forward is up. One of these is a recent conversation regarding Bitcoin’s price pattern on social media platform X, with legendary trader Peter Brandt eventually providing his expertise to clear up the matter. According to Brandt, Bitcoin’s current price pattern is not that of a bull flag, which signals the continuation of an uptrend, but the crypto remains in a largely bullish sentiment. Bitcoin Bull Flag Pattern? Despite the various opinions, most analysts seem to agree that the…
The Google searches for the Bitcoin keyword have crashed, indicating a lack of interest among internet users in the flagship crypto. However, crypto analyst Ali Martinez has stated that this is bullish for the Bitcoin price. Why The Crash In Bitcoin Google Searches Is Bullish In an X post, Martinez revealed that nobody is searching for Bitcoin (BTC) according to Google trends. He added that this is bullish, meaning that this is a good thing for the BTC price. Typically, a surge in the search for the BTC keyword indicates a massive interest among retail investors. Source: X However, the…
Digital currencies like Ethereum and Bitcoin are leading the way in the growing recognition of crypto assets as decentralized money. However, a market expert believes that ETH might be the true standard of decentralized money, providing unmatched programmability and flexibility in contrast to other cryptocurrencies. Ethereum Is Much More Than Decentralized Money Anthony Sassano, an investor and founder of the Daily Gwei, has claimed that Ethereum (ETH) is decentralized money, suggesting its capacity to transform the global financial system. The expert declares ETH decentralized currency because it is decentralized and powered by blockchain technology, allowing the execution of peer-to-peer transactions…
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors. While the Metaverse, gaming, and NFT activities have since dissipated, DeFi stands, looking at the steady recovery in total value locked (TVL), according to DeFiLlama. DeFi Leads In Ethereum Gas Fees Generation The dominance of DeFi in Ethereum goes on to show smart contracts and decentralized ledgers have revolutionized finance. To confirm this position, especially looking at trends in gas fees and the primary source over the years, the managing partner of…
The price of Bitcoin put in another positive performance over the last seven days, looking to end the month and start October on an even stronger footing. Continuing its resurgence over the past few weeks, the premier cryptocurrency climbed as high as $66,000 on Friday, September 27th. Recent data shows that there might be a growing correlation between the performance of the US stock market and the value of the world’s largest cryptocurrency. The question here is — how could this influence the behavior of investors? How Did Bitcoin And S&P 500 Perform In September? In a recent post on…
On-chain data shows that Ethereum transaction fees have been rising again recently. Here’s what could be behind this trend. Ethereum Average Fees Has Registered A Notable Uptick Recently In a new insight post, the on-chain analytics firm Santiment talked about how the Ethereum network has recently become more expensive. The metric of interest here is the “Average Fees,” which keeps track of the average fees that ETH users are currently attaching with their transfers. How much fees senders might be willing to pay comes down to the activity level the blockchain is witnessing. In times of high traffic, transfers can…