Analyst Who Successfully Shorted The Bitcoin Price Top Announces A Change In ...
Bitcoin’s recent recovery above $75,000 is forcing some traders to reassess their next move, and one analyst who previously called the market top is now adjusting his strategy. Crypto analyst Doctor Profit, who publicly called for a short at the $115,000 to $125,000 range, has revised part of his trading plan in a fresh update […]
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big....
Counterparty recently announced they successfully imported the Ethereum smart contracts programming language into their Bitcoin 2.0 platform. The XCP price surged after Counterparty announced they recreated Ethereum on the Bitcoin-based Counterparty platform. Despite tapering off a bit following the rise, the XCP price still increased more than 60% in the past week. Also Read: Ethereum Cloning: Ethereum Comments, Counterparty Responds. XCP Price Ignites after Counterparty Announces Ethereum Clone. Earlier this week, Bitcoin 2.0 platform Counterparty announced that they had successfully....
On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal. Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could be the “rocket fuel” for continued price rises for these crypto tokens. Santiment had also....
SafeEarth creates access to DeFi and at the same time, helps restore the world’s ecosystem and help humanity through collaborating with the most impactful projects. 25th June 2021, London, England Users of SafeEarth can enjoy the benefits offered by DeFi whilst preserving the delicate balance of the world. Today, the project announces it has successfully […]
Ethereum has retraced to the $3,160 level following the highly anticipated FOMC meeting, where the Federal Reserve cut interest rates by 25 basis points. While rate cuts typically support risk assets, Jerome Powell’s comments added a new layer of uncertainty to the market. Related Reading: The Whale Who Can’t Stop Buying: BitcoinOG Scales Ethereum Long To $280M After Price Surge By openly acknowledging the risks of weaker growth paired with persistent inflation, Powell introduced the possibility of stagflation—a scenario that historically challenges both equities and crypto. As a result,....