Crypto

Data shows that cryptocurrency investors’ sentiment has surged to extreme greed recently, a sign that may not be ideal for Bitcoin. Bitcoin Fear & Greed Index Is In The Extreme Greed Territory Right Now The “Fear & Greed Index” is an indicator created by Alternative that keeps track of the average sentiment present among the traders in the Bitcoin and wider cryptocurrency market. The index represents this sentiment as a number between zero and 100. To calculate the score, the…

Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside.   Inverted Hammer Forms On The Chart Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is…

The post Crypto Schemes Promoters Sued Over $1 Billion Alleged Losses appeared first on Coinpedia Fintech News The New York attorney general has sued two companies and their promoters over alleged defrauding of investors of more than $1 billion. AWS Mining, with promises of a 200% guaranteed return, collapsed in April 2019, followed by the second most enormous fraud, NovaTech. Investors had deposited over $1 billion worth of crypto with NovaTech from August 2019 through April 2023, while only $26…

Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a significant shift in monetary policy for the Eurozone. Coupled with projections of slowing inflation and modest economic growth, this move has sparked intense speculation in the crypto market, with many analysts predicting a notable rise in Bitcoin prices. ECB Pivots Towards Growth…

In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency’s price to new local highs. Injective Price Prepares For Lift-Off The iH&S pattern, prominently featured in Olszewicz’s chart, is a revered formation among technical analysts for predicting…

In a new essay titled “Group of Fools,” Arthur Hayes, the outspoken co-founder of crypto exchange BitMEX, casts a critical eye over recent macroeconomic developments and their implications for the crypto market. Hayes, known for his direct and often provocative commentary, employs a blend of technical analysis, central banking critique, and currency market insights to build a case for what he believes is the return of a Bitcoin and crypto bull market. A “Group Of Fools” He begins by emphasizing…

Dubai, United Arab Emirates, June 7th, 2024, Chainwire Bybit, one of the world’s top three crypto exchanges by volume, is proud to announce its recognition as the Crypto Exchange of the Year at the Next Block Expo (NBX), one of the biggest Web3 events in Europe. This prestigious award signifies Bybit's unwavering commitment to innovation, security, and user experience in the dynamic crypto landscape. “Bybit’s recognition as Crypto Exchange of the Year is a testament to their exemplary leadership and…

As Wall Street struggles to contend with the GameStop army led by Roaring Kitty, certain crypto memecoins are catching a bid. The GameStop tribute token (GME), based on Solana, is up 38% on Friday and it doesn’t look as though it’s done yet. The WallStreetBets GameStop phenomenon Those looking to stick it to Wall Street are getting onto the fast train that is GameStop stock. Early 2021 was the last time that a bunch of organised traders put Wall Street…

Ripple CEO Brad Garlinghouse has predicted that the global crypto market will reach $5 trillion, projecting a bullish outlook for XRP. His prediction suggests that the market will double from the current estimates, meaning XRP will see its price per coin reach well over $1.02. Ripple CEO Brad Garlinghouse has shared a fairly optimistic outlook over the future of XRP and the global crypto market. Speaking at this year’s Consensus, Garlinghouse told attendees that he expects the global crypto market…