A Crash Like Amazon’s? This Scenario Could Push Bitcoin Back To $10,000
Bitcoin (BTC), the leading cryptocurrency in the market, has experienced a significant decline since mid-August, resulting in a stagnant price within a newly formed range. This decline has occurred amidst what many believe is an extended bear market in cryptocurrency, causing concerns about the future of Bitcoin’s bull cycles. Bloomberg Intelligence’s Senior Macro Strategist, Mike McGlone, has drawn attention to the current similarities between BTC’s trajectory and the infamous crash of Amazon in the 2000s during the “Dot Com Bubble.” McGlone’s....
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A fresh round of bold predictions has surfaced in the XRP community after crypto analyst Nick Anderson compared the token’s trajectory to Amazon’s historic breakout more than a decade ago. Related Reading: Dogecoin Gets Its 1st Foundation-Backed Treasury Worth $175 Million According to Anderson, the current phase for XRP looks similar to Amazon’s long consolidation period before its massive rally. Amazon’s Long Wait Before Its Breakout Anderson recalled how Amazon shares traded sideways for about 3,800 days after the dot-com crash, stretching from the year 2000 until 2010. During that....
Security is becoming more and more important in recent years,a s technology evolves at an accelerated pace. Most people use various services and platforms every day, without taking proper precautions to keep their information safe. Storing a secret crypto key in the cloud has never been a bright idea, and it was only a matter of time until a new type of attack was developed to steal this data. Despite there being multiple cloud-based storage solutions on the market right now, most people will use Amazon’s EC2 platform. Due to its relatively cheap price, and ease-of-use in terms of setting....
XRP’s recent price performance in recent days has left bullish traders wanting, with its price dipping to $2.10 and failing to trade above $2.20. Although the overall sentiment in the crypto market is relatively neutral, there is still a possibility of a bearish scenario for XRP that could push its price all the way down […]
The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash. In the report, the CRS described the UST crash as a “run-like” scenario and posited that there are policy issues connected to the risk of such events. According to the CRS, a “run” situation starts when holders are....
XRP has drawn plenty of comparisons over the past few months, but one analyst believes the best way to understand its future is to look at Amazon’s past. Nick Anderson, better known as BULLRUNNERS on the social media platform X, says XRP is going through the same kind of consolidation Amazon faced in 2010, and it still has the potential to rally to $200. The key difference, however, is the patience investors will need before this rally can happen. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Amazon’s Breakout Holds The Clues For XRP XRP’s price action....