Analysts reveal divergent views on the current miner profitability crisis. One camp deems the crisis as a ‘market top’ while others time it as a ‘buy signal’ As a researcher with a background in cryptocurrencies and market analysis, I find the ongoing miner profitability crisis an intriguing development that warrants close attention. The divergent views … Read more
Schiff warned that hedge funds selling Bitcoin to cover MSTR shorts could crash Bitcoin’s price. Bitcoin faced bearish trends, showing red candles in daily and weekly charts. As a seasoned crypto investor, I’ve seen my fair share of market volatility and price movements. Schiff’s warning about hedge funds selling Bitcoin to cover MicroStrategy shorts is … Read more
Bitcoin struggled to maintain the $65,000 level amidst market volatility. Analysts provided conflicting views on whether Bitcoin has reached its lowest point. As an experienced analyst, I have closely monitored the volatile Bitcoin market and its recent struggles to maintain the $65,000 level. The ongoing downward trend, with Bitcoin losing nearly 5% over the past … Read more
Outflows from crypto funds climbed to a three-month high last week. While BTC recorded significant outflows, inflows into ETH-backed products were above $10 million. As a crypto investor with some experience in the market, I find the recent developments in digital asset investment products quite intriguing. Last week’s data from CoinShares revealed that outflows totaled … Read more
Bitcoin’s fluctuations saw altcoins extend price pullbacks AVAX and ADA have erased all 2024 gains and dropped to levels last seen in late 2023. As an analyst with several years of experience in the crypto market, I’ve witnessed numerous ups and downs, and today was no exception. The market rout we saw today was a … Read more
DOGE’s Weighted Sentiment has dropped to its lowest level since January. It has flashed a buying signal, which the meme coin’s MVRV ratio confirms. As a crypto investor with some experience under my belt, I’m always keeping an eye on market trends and sentiment for various altcoins, including Dogecoin (DOGE). The recent data from Santiment … Read more