AMC 'meme stock' frenzy may spill over to crypto as Bitcoin metric nears buy ...
It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. Bitcoin (BTC) is slowly but surely preparing to flash "buy," a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle.In its latest report on June 3, Stack Funds highlighted the Puell Multiple nearing the green "buy" zone — a signal to enter the market.Puell multiple drops to pre-2021 levelsThe Puell Multiple is one of the best-known BTC price tools. Its readings judge the likelihood of a sell-off or uptick based on miner....
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The Pepe token was the foremost token that enjoyed immense success during the meme coin frenzy in May this year. However, the token experienced a significant drop as the frenzy faded out. And now, a recent development seems to suggest that the team behind it may have abandoned the project. $15.6 Million Worth of PEPE […]
A sell-off in the technology stocks this week didn't spill itself onto the Bitcoin market.
Global investment bank JPMorgan says cryptocurrency markets are “looking frothy” as retail investors spill over from the stock market into cryptocurrencies and non-fungible tokens (NFTs). Crypto Markets Look Frothy, According to JPMorgan JPMorgan published a note Wednesday on the stock market and cryptocurrencies. It explains that retail investors bought stocks at a record pace over the summer with an estimated net flow into the U.S. stock market of $13 billion in August after reaching a record high of almost $16 billion in July. The JPMorgan analysts asserted that the....
As dogecoin’s frenzy keeps making the headlines in the crypto sphere, some people are not happy with it. Billy Markus, Dogecoin’s cofounder, has been a target of long-lasting online harassment, which still doesn’t end, he claims. Markus Sold All His Doge in 2015 The so-called meme coin, DOGE skyrocketed well over 325% in a single day, specifically on January 29, 2021. The dynamic was the similar one followed by the Gamestop/Wallstreetbets saga. In this case, a Reddit group called Satoshistreetbets was allegedly behind the recent dogecoin’s pump. However, Markus,....
The stock trading app is set to debut crypto trading for its users except those in the state of New York. Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers.In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app used for managing their stock portfolios.According to the announcement, the new crypto trading feature will be made available to users gradually over the next few weeks.As part of the crypto trading service, Public is offering support for....