Author: Maria
Lebanese-American finance author, Nassim Nicholas Taheb has declared that Bitcoin (BTC), the world’s largest cryptocurrency, is a poor hedge against market crash. The author has publicly disputed other analysts’ perspectives of Bitcoin as a hedge and store of value, highlighting its speculative nature and price instability. Bitcoin’s Limitations As A Hedge Against Market Crash In a heated debate on CBNC’s Squawk Box, Taleb discussed the role of Bitcoin modern finance, highlighting that its touted role as a hedge against inflation or market crash have been overstated. Known for his criticism against BTC and a general dislike for the crypto industry,…
As visible from their daily chart performances, Bitcoin, Ethereum, and other top altcoins are not free from bearish pressures. Bitcoin and Ethereum, despite being the most liquid, are still down double digits in the past trading week. As bulls push higher, traders closely monitor how prices will react at immediate liquidation zones. Institutions Choosing Ethereum Over Bitcoin? Amid this, one analyst noticed that though the focus has been on Bitcoin, considering its role in crypto as the top coin and a base currency of most crypto pairs, there is movement in Ethereum. Sharing spot ETF flows of the past three…
The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into Bitcoin and to the crypto industry. So, this report takes a look at how much you would’ve made if you spent $100 buying BTC 14 years ago from today. Bitcoin Was Trading At $0.05 14 Years Ago Pete Rizzo, author of the Bitcoin History newsletter,…
The negative sentiment around Ethereum appears to be significant as evidenced by current data which shows that the ETH network is exhibiting a noticeable decrease in activity, with its number of transactions falling to its lowest level in the past 5 months. This drastic decline coincides with a larger downswing in the cryptocurrency market, marked by a reduction in investors’ interest and trading activity. Ethereum Main Chain Sees Lesser Engagement TOBTC, a trading platform disclosed the negative development to the crypto community on the X (formerly Twitter) platform. Given the broader bearish outlook of the market, the drop in activity…
Ethereum (ETH), the world’s largest altcoin, has recently been on a significant downward trend, with its price slipping below the $3,000 mark. However, analysts see this bearish downtrend and ETH’s price crash as a buying opportunity, anticipating a possible rebound in the future. Best Time To Start Accumulating Ethereum On August 7, crypto analyst, Alan Santana released a blog post on TradingView discussing the best time to start planning a bullish wave in Ethereum. With ETH now challenging critical support levels, it could lead to prices reverting to the “baseline,” a level that could indicate the right time to begin…
A crypto analyst has pointed out a notable divergence in the performance of Bitcoin (BTC) and Ethereum (ETH). The analyst has noted signs of weakness in Ethereum compared to Bitcoin, predicting that BTC is likely to experience a faster recovery than ETH. Technical Analysis Highlights BTC’s Strong Recovery In an X (formerly Twitter) post on August 5, a crypto analyst identified as ‘CrediBULL Crypto’ provided insights into the future outlook for Bitcoin and Ethereum. The analyst emphasized ETH’s relative weakness and noted that Bitcoin had a stronger potential for recovering from recent downtrends. According to CrediBULL Crypto, Bitcoin has been…
Bernstein analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia have provided insights into when Bitcoin’s price could turn bullish again and record new highs. The analysts also alluded to the impact that former US president Donald Trump could have on Bitcoin’s trajectory. When Bitcoin Price Will Turn Bullish Again Bernstein analysts mentioned in a research note on August 5 that they expect Bitcoin and the broader crypto market to recover if the equity markets recover due to a response from the Federal Reserve. They expect this response to come in the form of a rate cut and injection of more…
According to Bloomberg, a wallet linked to a major cryptocurrency heist two years ago swapped $39.75 million worth of the stablecoin DAI to scoop up 16,892 Ethereum (ETH) as the second-largest cryptocurrency plummeted by as much as 23% on Monday. Crypto Hacker Exploits Ethereum Crash Per the report, the hacker behind the 2022 attack on the cross-chain bridge protocol Nomad, which resulted in the theft of close to $200 million in crypto, appears to have spotted an opportunity to convert some of their illicit gains into discounted ETH prices. On-chain data showed that after purchasing ETH, the hacker then moved…
Over the weekend, Ethereum, the second largest digital asset, took a hit as its price fell significantly, triggering broader negative sentiment around the crypto asset and the factors that could be responsible for the dip. Delving into the matter, popular crypto analyst and trader Michael Van De Poppe has offered insights on the recent price action of ETH, attributing it to Capitulation. Ethereum Price Fall Due To Capitulation The well-known market expert, Michael Van De Poppe, provided his insights on Ethereum with the crypto community on the X (formerly Twitter) platform. His perspective points to the substantial sell-off pressure and…
The Ethereum price performance has been a major source of concern for investors over the past few weeks, persisting in a downward trend. What makes the token’s struggles even more worrying is that it has not shown any signs of relief despite the recent launch of spot ETH ETFs (exchange-traded funds) in the United States. However, it appears that the underwhelming performance of the ETH ETFs — so far — might even be contributing to the Ethereum price troubles in recent weeks. Specifically, Grayscale has been seeing a significant flow of capital out of its Ether fund, the Grayscale Ethereum…