Bitcoin To $10,000? Top Analyst Issues A Stark Warning
An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin’s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience another deep correction similar to 2011 when Bitcoin dipped by as much as 92%. BTC To Crash To $10K? McGlone, a Senior Commodity Strategist at Bloomberg....
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Europol has raised fresh alarm about how criminals are handling cryptocurrency. According to the agency, misuse of crypto and blockchain is growing more complex and organized, and that trend is stretching police resources across Europe. Related Reading: 17 Years Later, Bitcoin Still Runs — Unstoppable Since Day One Europol Findings And Figures Based on reports […]
Top Dogecoin influencer Mishaboar has issued a warning to the DOGE community as they hold DOGE. He explained why they should simply focus on holding the spot crypto rather than using leverage to magnify their holdings. Dogecoin Influencer Issues Warning To DOGE Community In an X post, Mishaboar warned DOGE holders that there is currently […]
In a bid to “safeguard consumers,” the UK Financial Conduct Authority (FCA) has issued a warning regarding “common issues” observed in crypto asset promotions. With the implementation of a new marketing regime, the FCA has asserted its authority over crypto promotions in the UK. FCA Unveils Alert List To Expose ‘Non-Compliant Crypto Entities’ The FCA has […]
Barclays Bank, one of the largest banks in the world, has today issued a warning on the nascent digital currency Bitcoin arguing that it is not backed by any government or central bank and the deposits are not insured. The warning follows numerous similar warnings by Consumer Financial Protection Bureaus in the aftermath of the still mysterious downfall of MT Gox. Barclays urges its customers to beware of hackers and scammers and beware of rate fluctuations as well as general advice such as carefully read the contract and know with who you are dealing. Absent from the warning however is....
Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that it has issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The central bank also “ordered the company to ensure that its publicly available information is not misleading.” The central bank explained that it has assessed publicly available....