Bitcoin (BTC) retail on-chain accounts are showing a strong interest in purchasing the orange coin at current prices, as stated by macro analyst Axel Adler. The metric has experienced a 7% increase in the last few weeks, which Adler considers to be a positive signal amidst the prolonged decline in Bitcoin (BTC) price. Accounts with
The Nervos Network (CKB) has recently been the subject of a groundbreaking analysis by cryptocurrency research firm Messari. This comprehensive overview highlights the pivotal role that Nervos plays in enhancing Bitcoin’s technological framework. By leveraging its innovative Layer-1 blockchain and RGB++ protocol, Nervos addresses critical scalability and programmability challenges within the Bitcoin ecosystem. The report
Bitcoin, the leading cryptocurrency, has recently experienced a significant drop in its price, reaching a one-month low. This decline comes as the year’s impressive rally begins to show signs of slowing down due to the lack of new market drivers. The price of Bitcoin fell to $63,300 during Friday’s trading session, marking its lowest level
The S&P 500 closed the week with a modest gain, but concerns are emerging about potential pullbacks in certain stocks. The use of the 14-day relative strength index (RSI) as a metric to identify overbought and oversold stocks has highlighted some key players in the market. Despite the overall positive week for the market, there
Bitcoin, the leading cryptocurrency in the market, has experienced a remarkable price surge in 2023, quadrupling in value since the beginning of the year. This surge resulted in Bitcoin reaching a new all-time high of $73,798 in March. The price increase was primarily driven by the growing demand for U.S. exchange-traded funds, indicating a significant
Over the years, Tom Lee, the head of research and co-founder at Fundstrat, has garnered attention for his accurate and sometimes bold short-term market calls. In the midst of the pandemic and its aftermath, Lee has made predictions that have defied conventional wisdom, such as the S & P 500’s rise of 100 points based
The S&P 500 has been on fire in 2024, reaching new highs and breaking through the 5,500 level. However, as the second half of the year approaches, there are a few names in the index that could be in danger of falling from grace. Despite the overall bullish sentiment in the market, some high-flying stocks
The housing market is currently facing a major challenge, with sales of previously owned homes at a 30-year low. In May, sales remained relatively unchanged, with a decrease of 0.7% from April. This stagnation in sales is concerning, especially considering the high prices and mortgage rates that are deterring potential buyers from entering the market.
As the nation grapples with the aftermath of a contentious election and soaring national debt, the key legislative accomplishments of the Trump administration have come under scrutiny. Lawmakers and lobbyists alike are now reassessing their positions and strategizing on the best way forward. The expiration of provisions in the Tax Cuts and Jobs Act has
The housing market in the United States is experiencing a shift towards more built-for-rent single-family homes, according to the National Association of Home Builders. This change is a response to the housing affordability crisis that has made it increasingly difficult for individuals to afford traditional homeownership. One of the key drivers behind the surge in