Author: Kent Tenix

The recent developments in the United States politics suggest clearer rules are coming soon for crypto. This change can bring the $20 trillion financial advisory industry to the crypto market, helping everyone to gain some profit before the market prices appreciate. The Bitwise investment head is expected to bang the crypto market with $20 trillion of Financial Advisory once the crypto rules are specified by the U.S. on legal uncertainties. In a post on June 4 Matt Hougan, Bitwise’s chief investment officer stated that the introduction of foggy rules is the main reason behind the decreasing exposure of Financial advisors…

The crypto market is skyrocketing after the 2024 Halving event, especially the meme coins, which gained huge momentum in this bull run. The Bitcoin and Ethereum ETF approval by the United States SEC has had a huge impact on meme coin’s price surge. In the crypto world, meme coins have made their own space by beating other coins in price and market cap. Here are some of the coins to consider in the current market scenario. Crypto to buy in this bull run At the time of writing, the coin is trading at the mark of $3.22, indicating a 12.70%…

Charles Edwards, CEO of Capriole, highlights a crucial market indicator in Update #51: the occurrence of the “Hash Ribbons” buy signal, which in the past signaled the best time to purchase Bitcoin.  This signal can be construed as suggestive of long-term benefits for investors in the digital asset space. Tune in to Capriole’s newsletter for more information on how to move through this critical market point. Capriole CEO Charles Edwards Identifies Optimal Bitcoin Buying Opportunity with Hash Ribbons Activation Hybrid technical indicator Hash Ribbons, created in January 2019, uses mining data to predict long-term BTC buying signals to assess miners’…

It has also been a stirring Monday for the leading cryptocurrency by market value, Bitcoin, as it appreciated by 1%, trading within the range of $68,473 and touching an intraday high of $68,733. Despite the ongoing uncertainty, traders and investors remain keen on potential upcoming changes, especially when it comes to global crypto market cap that increased by 0. 42% to $2. 55 trillion. In the case of cryptocurrency market volume, the total volume has seen a significant increase over the last 24 hrs, rising to 45. 83% surge, reaching $66. 2 billion. Some of the aspects that contributed to…

Shiba Inu (SHIB) has been under extensive discussion in the crypto space due to its high volatility. Some believe that SHIB can explode similarly to how PEPE happened on May 27, 2024, but others suggest that it can go in the opposite direction. Things like the market situation would then determine the future of the project—in this case, SHIB. trading volume, specific coins and tokens, as well as the general conditions in the crypto sphere. At the time of writing, the Shiba Inu (SHIB) coin is valued at $0.00002489. Over the last one day, $330. A total of 690 million…

Bitcoin managed to close the month at around $69K, which is the best May performance closing in the last five years. The market giants were unable to maintain its price above $70K and closed the month below the expected price. At the time of writing, Bitcoin is trading at a mark of $67649, on the first day of June, as last-minute price volatility prevented bulls from reaching key resistance. Source: TradingView Bitcoin Gains 11% in Monthly Closing Data from TradingView showed that Bitcoin gained 11% after making a recovery from weekly lows. These concerns were due to a hack of…

Pepe hit its all-time high on May 27, 2024, but slightly dropped its price to almost 12% (0.00001472), making a deep correction. Even after a drop in its price, its trading volume increased dramatically by almost 216%, showing the interest of traders in this token. The trading volume of Pepe is three times higher than at the start of the month, even after facing a price drop, as it hit its all-time high on May 27. The trading price of Pepe on May 5 was $0.000008834, with the trading volume standing at $783.17 million. Since then, it gained 94% to…

Nansen identified a crypto wallet and believed that the wallet belonged to Singapore’s DBS Bank. The firm is holding almost $650 million of Ethereum, and Nansen believes that they have already earned $200 million on these holdings. According to a report, this wallet holds a total of 170,000 Ethereum worth $650 million. A blockchain analysis firm, Nansen, identified this wallet on May 30 and flagged it as a Singaporean banking institution. According to Nansen, this whale is BDS, one of the largest banks in Singapore. No immediate response was given by DBS when a crypto analysis platform contacted them. Exploring…

Two memecoins that come under the top ten crypto rankings are Dogecoin, worth $23.8 billion, and a new token called Shiba Inu. Due to the rise in the worth of meme coins, Shiba Inu’s past Cardano has become among the top ten cryptos by market value. Over the past couple of weeks, memecoin mania has seen another rise, with Pepe, Shiba Inu, Dogwifhat, and many other tokens hitting new all-time highs (ATHs). Meme coins are replicating significant cryptocurrencies. Cardano is now 11th after SHIB but was ranked third during the 2020–21 bull market. $16.3 billion is the market value of…

The Canadian authorities cautioned the people as the crypto scammers are adopting new ways to scam them. The authorities further advised that discussing crypto with the match on a dating app is a red flag for them. During this summer, crypto scammers are highly active in hunting their prey, especially on websites and dating apps. However, some love birds paid a heavy amount in this process. The Canadian Anti-Fraud Centre (CAFC) highlighted two particular types of scammers who are currently active. This includes pig butchering, romance scams, and investment scams. The Canadian Anti-Fraud Centre and the Canadian Investment Regulatory Organization…