Popular Bitcoin advocate and the author of Rich Dad Poor Dad has issued warnings of the impending market crash to all investors across the globe, hinting that Bitcoin may be the savior they need. In a recent X post on Nov. 29, Kiyosaki claimed that the end of Japan’s decades-long “carry trade” could trigger a
Amid the consistent shift in the crypto market performance, which has seen Bitcoin steadily show mixed price action, Binance’s founder Changpeng Zhao has shared his thoughts on the best way to make the most out of the unstable market condition. On Saturday, Nov. 29, CZ sparked a debate across the crypto community, airing what he
Andrew Webley, CEO of The Smarter Web Company, says recent Bitcoin price swings should not distract investors from the bigger picture. In a detailed post shared on Saturday, Webley described volatility as a natural phase in Bitcoin’s growth as a global monetary asset. He noted that Bitcoin’s current 50-day volatility sits near 40%. That level
A well-known Bitcoin trader has made a sharp shift in market stance. After closing a large Ethereum long position at a profit, the trader quickly flipped bearish and opened a massive short instead. On-chain data showed that the wallet labeled as “Bitcoin OG (1011short)” opened a 5x leveraged short on 5,000 ETH. This is worth
Ark Invest, the investment firm led by Cathie Wood, has made a bold move in the crypto market. Recently, the firm bought $88 million worth of Bitcoin. This purchase shows that Ark still has confidence in the world’s largest cryptocurrency. Moreover, it comes at a time when the market is facing uncertainty and mixed signals.
Bitcoin extends its decline: What’s happening? Bitcoin has seen a lot of straggles lately, losing more than 20% over the past month and dropping over 40% from its early October high above $126,000. November became its worst month since June 2022, a period remembered for deep market turmoil. The recent drop to the $80,000 area
Bitcoin BTC$90,619.81 may be acting like a recession is imminent — even if the macroeconomic data suggests otherwise. In an X post on Friday, Bitwise’s André Dragosch stated that bitcoin is currently priced in the most bearish global growth outlook since the 2022 Federal Reserve tightening cycle and the 2020 COVID-19 crash. Drawing on macro
November turned into one of the toughest months for Bitcoin ETFs. Investors pulled money out at a level not seen since the products first launched. The heavy withdrawals show a sudden drop in confidence and a clear shift in market mood. Many traders reacted to growing uncertainty, while others moved their funds to safer assets
Artemis, a blockchain analytics platform, stressed that while several issuers tried to make inroads in the non-USD stablecoin market, they have failed to dent the dollar hegemony in the asset class. Nonetheless, euro stablecoins have shown consistent growth. Artemis: Non-USD Stablecoins Are Virtually Non-Existent, Euro Stablecoins Show Consistent Growth The Facts Data from Artemis, a
Phong Le, the CEO of Strategy, has revealed that his company would be open to selling Bitcoin under certain circumstances. Despite Strategy’s well-known position as one of the largest Bitcoin treasury companies, Le addressed the difficult reality of needing to sell Bitcoin in order to fund dividend payments. Why Selling Bitcoin Is on the Table