FUD

The market has been seen to further dip as major cryptocurrencies continue to fall towards their most recent support levels. This only amplified the losses of the altcoin market to bring tokens like Cosmos (ATOM) down to the ground. According to CoinGecko, the token has lost almost 23% since last month and drags any hope for recovery to higher price levels. Despite its recent underperformance, the Cosmos ecosystem saw developments that may stem the bearish tide. However, it remains to…

In spite of plenty of FUD in the cryptocurrency market, the price of Bitcoin (BTC) is continuing to rally. A weekly stochastic RSI cross up could be confirmed next week, leading to increased momentum that can push Bitcoin to new highs. Many are still calling this a relief rally, and are expecting Bitcoin to eventually turn back down - likely leading to the entry into Bitcoin’s next bear market. Brandt says no bull flag Famed trader Peter Brandt has said…

Bitcoin exchange-traded funds (ETFs) have accumulated over $1 billion in BTC in the last three trading days, indicating strong investor interest. This remarkable influx of funds coincides with Bitcoin’s price reaching $66,000 despite ongoing market uncertainties. This strong participation from institutional and retail investors reflects bullish sentiments in the market. Bitcoin ETFs, Crypto Whales Accumulate According to Farside Investors, spot Bitcoin ETFs experienced substantial inflows on Tuesday, receiving over $422.5 million—the month’s peak. BlackRock’s iShares Bitcoin Trust (IBIT) led these…

The post Bitcoin FUD is Back, Will Traders Again Fall into the Trap as Mt. Gox Rehabilitation Plan to Accomplish in the Next 14 Days? appeared first on Coinpedia Fintech News The crypto markets have undergone massive price action since the start of the month. The tokens started the monthly trade with a massive descending trend as the selling pressure mounted. This further escalated with a couple of FUD attacks on the markets, like the BTC transfers from Mt. Gox…

Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation,…

Tether CEO Paulo Ardoino has slammed Ripple chief Brad Garlinghouse for his comments about enforcement action against Tether, adding he was spreading fear, uncertainty, and doubt (FUD) about USDT.  Ripple has plans to launch its own stablecoin product in the near future.  Ripple CEO Claims Authorities Going After Tether   Tether has been able to carve out a dominant position in the market thanks to its USDT stablecoin, which boasts the highest trading volume and market capitalization among stablecoins. However, Tether…

Sui, the year-old Layer-1 blockchain darling, is facing a harsh reality check. While celebrating its first anniversary on May 3rd, 2034, the network finds itself embroiled in a controversy surrounding its tokenomics, the design and distribution of its cryptocurrency, SUI. SUI Supply: Cause for Concern? The fire was ignited by Justin Bons, founder of Cyber Capital, who tweeted concerns about the SUI token supply being overly concentrated in the hands of the founders and early contributors. Bons pointed to a…

As the classic weather forecast goes in the Northern Hemisphere, April showers bring May flowers. Will it hold up for crypto exchange markets in Q2 of 2024 after a sharp correction this April? And if the market does recover in May, whose flowers will bloom brightest? Bitcoin price‘s four-year bull run seems imminent, but will Binance, Solana, Cardano, or Aptos lead DeFi gains in the second quarter, or will the king smart contract coin, ETH, fly furthest up the chart?…

As the countdown to the much-anticipated 2024 bitcoin halving event nears its climax, the cryptocurrency world finds itself amidst a whirlwind of excitement and speculation. Social media platforms have become abuzz with discussions surrounding the impending halving, according to data from Santiment. This increase in social media chatter indicates a potential for significant price movements in the volatile crypto market, sparking both FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt) among investors. Social Media Surge Fuels Speculation On…