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 […]
Nvidia’s results this week weren’t actually that bad, but due to persistent inflation concerns and growing anxiety about AI’s potential ROI (return on investment), Wall Street traders are convinced that a slowdown (aka a temporary decline) is underway. Nvidia’s share price fell further on Friday. Inflation concerns are the main concern for investors in Europe, […]
Following up to the trend of companies that primarily buy Bitcoin, there’s now Bitmine, a new American company that’s been publicly traded for a few months which actively buys Ether. It’s led by Tom Lee, the man we know from Fundstrat. Several well-known American investors are very enthusiastic about Tom Lee and Bitmine’s plan and […]
The Trump family entered into another commercial crypto partnership with a well-known company. Crypto.com will acquire $50 million worth of Trump Media common stock. Meanwhile, Trump Media plans to acquire approximately $105 million worth of CRO, which, according to the press release, represents approximately 2% of CRO’s total market capitalization. The value of crypto coin […]
Bitcoin trades comfortably above $100,000 even though we’re almost at the end of August (traditionally a very bad month) and the weak dollar is also stimulating the largest digital currency. But the fact that the dollar is weakening because Trump is firing a Fed governor is actually bad news. Because in that way, he’s making […]
Bitcoin has had a relatively quiet August, and September is also shaping up to be very strong technically (as long as the price remains above $100,000). However, a profit warning from none other than Sam Altman, CEO of OpenAI (creator of ChatGPT), has been making investors nervous all week. Nvidia and Palantir are seeing their […]
The crypto market drops 2.8% as memecoins, AI, and Layer 2 tokens take a hit. Meanwhile, liquidations total $837 million. The crypto market is deep in the red today, with the total market cap falling by 2.8% to $3.94 trillion. Behind this decline are sharp losses in popular categories such as Layer 2 projects, memecoins, […]
Bitcoin is trading in a fairly narrow range, despite a bounce from a key support level earlier this week. The price is hovering around $114,000, showing no clear direction for now. Meanwhile, Binance Coin (BNB) continues to impress, pushing toward $900, and some analysts are even speculating whether BNB could eventually reach $10,000. $BTC Good […]
