It’s “red September,” and the doomsday scenarios are coming in fast. Yesterday, I read a article claiming that Whales are preparing with buy orders around $82,000 and $94,000 because a freakout crash can’t be ruled out in these macroeconomic conditions. Let’s take a closer look and see if that’s possible. In other words, is the […]
Backpack Exchange has officially launched its European subsidiary, Backpack EU. The platform now offers users in Europe access to regulated perpetual futures, fully compliant with the European Union’s MiFID-II framework. Backpack EU, operating from Cyprus and registered as Trek Labs Europe, becomes one of the first fully regulated exchanges in Europe to offer crypto derivatives. […]
The Russian government’s warnings to its citizens about their internet usage are growing ever louder, and internet blackouts are becoming more frequent. As messages on WhatsApp and Telegram, the most popular apps in Russia, cannot be monitored by the government, the Kremlin has now introduced a new app of its own (called Max). As a […]
Some truly dramatic job numbers from the United States caused the stock market to fall yesterday afternoon, followed by Bitcoin. The largest digital currency was initially supported by the falling dollar, but in the end fell alongside with it. These negative mood was caused by a much weaker-than-expected jobs report for the United States in […]
XRP is showing its volatile nature once again. Despite a slow decline in recent weeks, the price remains steady around a key local support zone. Traders are watching closely as the coin prepares for a potential new move. XRP is currently trading at $2.85, with a 24-hour volume of $5.01 billion. The price is up […]
The Trump family’s newest crypto project, World Liberty Financial, launched earlier this week on CoinMarketCap and is already trading close to the top 30 after just one day. While not as spectacular as the Trump memecoin in January, it does demonstrate once again that the US President is a true crypto fan. Official Trump On […]
A lot of worrying economic stories appeared in the press yesterday, which is yet one more reason why investor sentiment is deteriorating. At the same time, Bitcoin is holding up quite well and remains around $110,000. Can it maintain that level, or will investors soon be rushing for the crypto exit as well? Bayrou The […]
With precious metals gold and silver hitting new record prices, Peter Schiff (one of the best known fans of precious metals posting on social media) was quick to point out that Bitcoin has entered a correction phase (after setting a new record in mid-August). Bitcoin increasingly appears to be trading in correlation with the Nasdaq, […]
The private jet and luxury yacht market started accepting crypto payments this summer, the Financial Times reported this weekend. While this seems very bullish, there’s a caveat. Just before the 2007-2008 peak (in stock markets), that same Financial Times advertised a fashionable belt for around $8,000 (in its How To Spend It weekend edition), and […]
The US stock market carries all the signs of an impending correction while Bitcoin is trading just shy of a new record. With those two data point as they are,, it seems to me that “red September,” traditionally one of the worst months for crypto (and the stock market) could become quite painful. Peter Brandt […]
