The Nasdaq 100 Index and its related ETFs, like QQQ and JEPQ plunged last week as concerns about technology valuations and the ongoing government shutdown continues. It plunged to $25,000 from the year-to-date high of $26,143. Similarly, the Invesco QQQ Trust (QQQ) plunged to $610 from the all-time high of $636, while the JPMorgan NASDAQ
The long-term power-law model for Bitcoin’s price growth suggests that the digital asset appears positioned like a “coiled spring” ready to release, with the current trading range indicating potential upside ahead rather than downside risk. Writer and analyst Adam Livingston, who has also utilized the BTC power law –that places it at a “fair value”
Odious financial commentator Peter Schiff has urged Bitcoin holders to sell the leading cryptocurrency above the $100,000 level, describing this as an “incredible” opportunity. “If you own Bitcoin, hurry and sell it now, while the price is still above $100K,” Schiff said in a recent social media post. Earlier this month, as reported by U.Today,
Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash. In a post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he’s preparing for it
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank
Coinbase Institutional’s latest monthly market outlook report notes that significant deleveraging has occurred in the crypto market following the massive liquidation wave on October 10, which may have created a short-term bottom. According to the institution, the market “reset, not broke” and an upward trend may emerge in the coming months as the leverage structure
Alex Thorn, head of research at Galaxy Digital, one of the leading institutional investors in the cryptocurrency market, told CNBC that he significantly lowered his year-end price target for Bitcoin but maintained his long-term optimism. Thorn announced that he has lowered his year-end Bitcoin price target to $120,000, having previously set it at $185,000. This
Bitcoin’s November return currently stands at -6.55%, according to Coinglass data. This performance is well below BTC’s average November return of +42.49% since 2013. Data shows that November has historically been a strong month for Bitcoin. In eight of the last twelve years, Bitcoin has seen a November rally, while in only four years has
Optimism around Bitcoin was far stronger at the start of the year, but it may not be long before the cryptocurrency regains that same level of hype, according to Galaxy Digital’s head of research, Alex Thorn. “Attention will come back to Bitcoin, it always does,” Thorn said during an interview with CNBC on Friday, emphasizing
CodexField has formally announced a strategic partnership with Binance Wallet. This marks a significant development in its ecosystem strategy. The collaboration aims to enhance the accessibility and functionality of CodexField’s decentralized finance (DeFi) offerings. Binance Wallet users will gain access to CodexField’s upcoming product suite. 🚀CodexField is pleased to announce a strategic partnership with @BinanceWallet