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As Bitcoin continues its prolonged decline, CryptoQuant founder and CEO Ki Yong-joo believes that if a bull market does not emerge in Bitcoin (BTC) within the next two weeks, He warned that this year would be the longest period of sideways movement in six months. History of cryptocurrencies. His comments came 285 days into 2024, the year in which Bitcoin remained range-bound for an extended period of time despite previous bullish forecasts.Ki Young Ju's analysis reflects growing concern within the crypto community about Bitcoin's performance following the recent halving event. Typically, halvings are accompanied by large price increases due to…
The mystery surrounding the identity of Bitcoin founder Satoshi Nakamoto has continued for more than 15 years. The latest twist? An HBO documentary claims to have revealed the true identity of this elusive genius. But behind this revelation, one question remains. Does this research really provide answers or just fuel endless conspiracies? We'll talk about it on Cryptic Analysis after this week's big news. Block 1: Important newsCrypto.com targeted by SECCrypto.com has filed a complaint with the U.S. Securities Regulatory Authority (SEC) after receiving a Wells Notice indicating that the SEC is considering action against the exchange for alleged violations.…
A total of $1.1 billion worth of Bitcoin ($BTC) options contracts will expire today, October 11, 2024, and an additional $510 million worth of Ethereum ($ETH) options contracts will expire as well, making the virtual It is set to deal with a $1.3 billion earthquake that has already caused uncertainty in currency markets. The expiration of these contracts, with a total notional amount of approximately $1.6 billion and equivalent to 18,000 BTC and 212,000 ETH, is likely to cause increased volatility in the coming days. According to analysts at Greeks.live, the put-to-call ratio for Bitcoin options contracts is 0.91, with…
A cryptocurrency CEO currently charged with stealing more than $170 million worth of Bitcoin and Ether is on the run after tampering with his ankle tag, prosecutors announced Thursday. According to an Oct. 10 filing in New York, 64-year-old Horst Zicha “fiddled with his ankle bracelet on Friday, Oct. 4, 2024, and fled in violation of his pretrial conditions.” Pretrial services reportedly alerted the government 12 hours after the bracelet stopped working, and an arrest warrant was filed that night. Read more: Binance executive accused of tax evasion flees Nigeria while visiting mosque Jicha, a German national, ran USI-Tech, a…
Veteran commodity trader Peter Brandt has suggested that Bitcoin (BTC) prices could fall by as much as 75%. The 77-year-old issued his warning based on his observation that in the past, Bitcoin experienced a major correction if it failed to reach a new all-time high (ATH) within 30 weeks of its previous high. Do past patterns suggest a potential decline in Bitcoin? Brandt's comments come at a time when the multitrillion-dollar cryptocurrency has struggled to maintain upward momentum in recent months. It has been 30 weeks since March 14th when the price exceeded $73,000 to register a new ATH. The…
Bitcoin held steady above $60,000 on Friday, up more than 1% on the day. Ethereum is trading above $2,400, with the BlackRock Spot Ethereum ETF expected to receive $17.8 million in inflows on Thursday. XRP is back above $0.5300 as Ripple files cross-appeal in SEC lawsuit. Meme coin NEIRO has corrected nearly 9% on the day after registering an increase of over 50% in October. Bitcoin, Ethereum, XRP updates As of writing on Friday, Bitcoin is trading just above $61,100. The largest crypto asset by market capitalization rose more than 1.20% on the day. Ethereum traded above $2,400 on Friday,…
The SEC charged Cumberland with operating as an unregistered dealer in the virtual currency market. Action comes as part of broader SEC effort following similar accusations against companies like Coinbase The U.S. Securities and Exchange Commission (SEC) has charged virtual currency market maker Cumberland with operating as an unregistered dealer. The SEC alleged that the company has been buying and selling crypto assets without proper registration since March 2018. According to the SEC, Cumberland has ignored regulatory requirements despite SEC Chairman Gary Gensler's call for crypto companies to “register.” Regulators have stated that Cumberland is expressly prohibited from using its…
The dire results from the survey of around 5,000 companies (the so-called Comprehensive PMI) suggest activity has slowed for the first time since February as the sugar consumption rush from the Paris Olympics subsides, leaving investors and policymakers particularly concerned. It surprised me. . With the US economy slowing and China's economy still suffering from a chronic real estate crisis, the possibility of a hard landing for the eurozone is increasing. With inflation falling more than expected, even traditional hawks like Latvia's Martiši Kazakhstan are prepared to agree that “the market has priced in that October's decision is very clear.”…
Brussels – The Eurozone now has a problem called Germany. There are growing concerns at the ECB about the eurozone's largest economy and what it means for Euroland's performance. Concerns arose at the last board meeting when the central bank opted to cut interest rates., The minutes of the September 12th meeting show.In a broader sense, Eurotower believes the situation is overall positive. This means that inflation is falling and the labor market remains strong in terms of employment rates, barring the uncertainties related to geopolitical tensions.Recession unlikely” However, there is a “but”. At its meeting, the ECB Executive Board…
pop icon justin bieber Since entering the non-fungible token (NFT) space in 2021, we have amassed a sizeable cryptocurrency portfolio. what happened: Wallet linked to Bieber received over $2 million Ethereum ETH/USD From an NFT project named In the Betweener, He had a bag of fine collectibles similar to this one. bored monkey and mutant ape. According to Arkham Intelligence data, Bieber's wallet continues to hold value, holding approximately 146.478 Ether as of this writing, worth $353,575 at a unit price of $2,413.85. Bieber's Ether stash remains unchanged this year, meaning his portfolio is worth $335,720 as of December 31,…