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Messages - Cryptocrit

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Cryptocurrency discussions / Bold Crypto price prediction, expect a 20% increase for SOL

« on: October 21, 2023, 08:38:35 AM »

Solana's price is looking up as it confirms a change in direction – expect a 20% increase for SOL

Solana (SOL) has gone up in price, and this tells us a few important things. First, it's no longer on a downward trend. The price went above a certain point that used to be a high during the downtrend, which is a good sign.

Second, the price didn't go down below a certain point; it actually went up a bit. This point used to be the highest during the downtrend.

Lastly, the price went up again after going down a bit. It reached a new high compared to the recent past.

Details...
https://www.cryptocrit.xyz/2023/10/bold-crypto-price-prediction-expect-20.html

Cryptocurrency discussions / Why Bitcoin's Price Surges and Drops Unexpectedly

« on: October 19, 2023, 08:36:51 AM »

The price of Bitcoin went up from $28,000 to $30,000 and then back down within minutes, all because of unproven rumors about the approval of a Bitcoin investment fund.

On Monday, something interesting happened with Bitcoin. Its price went up from less than $28,000 to $30,000 in just a few minutes. The reason? Well, there were rumors on social media that the US Securities and Exchange Commission (SEC) had given the green light to BlackRock, a big company that handles investments, to create something called the iShares spot Bitcoin Exchange Traded Fund (ETF).

At first, a popular Twitter account called Cointelegraph posted this news but later deleted it. They then posted it again but added the word "reportedly" before also deleting that post. This made people doubt if the news was true or not, and they wanted to know where this information came from.

Read more:
https://www.cryptocrit.xyz/2023/10/why-bitcoins-price-surges-and-drops.html

News related to Crypto / Crypto analysis: Will the price of Bitcoin go up soon after hitting a low point?

« on: October 16, 2023, 09:26:56 AM »

Over the past day, the price of Bitcoin (BTC) has stayed quite steady at about $26,150. It went as high as $26,881.24 and as low as $25,812.73 during this time. Overall, it went down by about 0.25% in the last 24 hours.

When we look at Bitcoin's performance, we see some important signs. First, the Relative Strength Index (RSI) is at 45, which is below the middle point of 50. This suggests that people are feeling a bit negative about Bitcoin right now. Another important thing is the 50-day Exponential Moving Average (EMA), which is at $27,200. Bitcoin's current price is lower than this, which means it's in a short-term downward trend.

Read more:
https://www.cryptocrit.xyz/2023/10/crypto-analysis-will-price-of-bitcoin.html

Cryptocurrency discussions / Hidden risks of approving Crypto ETF, investors should need to know

« on: October 14, 2023, 07:47:30 AM »

The SEC has decided to wait until mid-October to say if they will let people make new Bitcoin ETFs. This is a delay, and it's making some people upset.

The US Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin ETF, but the recent approval of a Bitcoin futures ETF has raised hopes that a spot ETF could be approved in the near future. A spot Bitcoin ETF would track the price of Bitcoin directly, while a futures ETF tracks the price of Bitcoin futures contracts. Futures contracts are agreements to buy or sell an asset at a predetermined price on a future date.

The SEC has been reluctant to approve a spot Bitcoin ETF because it is concerned about the potential for market manipulation and fraud in the Bitcoin market. However, the recent approval of a Bitcoin futures ETF suggests that the SEC is becoming more open to the idea of cryptocurrency ETFs. There are several spot Bitcoin ETF applications pending with the SEC. The SEC has a maximum of 240 days to approve or deny these applications. This means that the first spot Bitcoin ETF could be approved as early as January 10, 2024.

https://www.cryptocrit.xyz/2023/10/hidden-risks-of-approving-crypto-etf.html

Cryptocurrency discussions / Crypto news today: Sam Bankman-Fried Crypto scams confess by FTX executive

« on: October 13, 2023, 07:24:58 AM »

Former FTX Executive Caroline Ellison Alleges Sam Bankman-Fried Guided Her Toward Committing Fraud

Caroline Ellison is a former FTX executive. She told the court that Sam Bankman-Fried, the founder and the CEO of FTX, told her to do bad things like fraud. She admitted to doing these bad things last year and is now helping the government. She said FTX took a lot of money, around $14 billion, and some of it was paid back.

"He directed me to commit these crimes," Ellison — who last year agreed to a deal with prosecutors in which she pleaded guilty to charges including wire fraud, securities fraud and commodities fraud — told the court.
https://www.cryptocrit.xyz/2023/10/former-ftx-executive-caroline-ellison.html

News related to Crypto / Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast

« on: October 08, 2023, 05:53:34 PM »

Bitcoin's Price Soars to $1 Million by 2026 According to Arthur Hayes! How much logical this sort of bold prediction & what are the reasons behind Hayes' Optimistic Forecast.

https://www.cryptocrit.xyz/2023/10/crypto-analysis-could-bitcoin-hit-1.html

Cryptocurrency discussions / "FTX's Collapse Leaves Indelible Marks on the Crypto Market" - Reuters Reports

« on: October 04, 2023, 06:25:31 PM »

"The FTX debacle came at the end of an annus horriblis that had already seen a tech sector collapse, sharply higher interest rates and self-inflicted industry wounds," said Ben Laidler, global markets strategist at eToro.

https://www.cryptocrit.xyz/2023/10/crypto-crash-ftxs-collapse-leaves.html

News related to Crypto / Crypto analysis: BTC Holds Strong at $27,000, Optimal Buying Opportunity ?

« on: October 02, 2023, 08:09:44 AM »

https://www.cryptocrit.xyz/2023/10/crypto-analysis-btc-holds-strong-at.html

Cryptocurrency discussions / US Bank in Local Community Faces Closure as CEO Falls Victim to million dollar

« on: September 29, 2023, 06:19:01 PM »

Heartland Tri-State Bank, a small bank in Elkhart, Kansas, had to close because its CEO, Shan Hanes, lost a lot of money in a tricky Crypto scam.

https://www.cryptocrit.xyz/2023/09/crypto-scam-us-bank-in-local-community.html

Cryptocurrency discussions / Crypto Mining: Thriving towards a $3.95 Billion market by 2028, ASICs revolution

« on: September 25, 2023, 05:51:39 PM »

Forecasts are nothing short of spectacular, with a projected Compound Annual Growth Rate (CAGR) of 9.15% anticipated between 2023 and 2028.

https://www.cryptocrit.xyz/2023/09/crypto-investment-thriving-towards-395.html

News related to Crypto / Crypto crash: Matrixport talks about possible altcoin crash

« on: September 16, 2023, 08:23:39 AM »

At least $3.4 billion worth of crypto is likely to be sold by FTX so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year

https://www.cryptocrit.xyz/2023/09/crypto-crash-matrixport-talks-about.html

Cryptocurrency discussions / Crypto analysis: Texas miners impact on BTC

« on: September 13, 2023, 05:30:57 PM »

The Bitcoin miners in Texas are having an impact on the BTC price fall. The recent spike in power prices in Texas has forced many miners to shut down their operations, which has led to a decrease in the hash rate, or the computing power used to mine Bitcoin. A lower hash rate makes it more difficult to mine Bitcoin, which can drive up the price. In addition, the miners who are still operating are facing higher costs, which could force them to sell their Bitcoin holdings to cover their expenses. This could also put downward pressure on the price of Bitcoin. The impact of the Texas power crisis on Bitcoin mining is still unfolding, but it is clear that it is having a negative impact on the price of the cryptocurrency.

https://www.cryptocrit.xyz/p/crypto-analysis-texas-miners-impact-on.html

Cryptocurrency Trading / Crypto analysis: Crypto analyst prognostic BTC red alert in September !!!

« on: September 05, 2023, 05:27:49 PM »

Cowen referred to a recent tweet in which he talked about the great possibility of Bitcoin hitting $23,000 in September.

https://www.cryptocrit.xyz/2023/09/crypto-analysis-crypto-analyst.html

Cryptocurrency discussions / Crypto analysis: Famous economist disclosing BTC future to $10000

« on: August 26, 2023, 09:20:58 PM »

Jerome Powell, the chairman of the Federal Reserve, made a statement about Bitcoin at the Jackson Hole Economic Policy Symposium on August 25, 2023. He said that cryptocurrencies, like Bitcoin, have "staying power" as an asset class. He also said that the Fed sees stable coins as a form of money, and that it would be appropriate to have a "robust federal role" in regulating them.
Powell's statement was seen as a positive development for the cryptocurrency industry. It is the first time that a sitting Fed chairman has acknowledged the potential of cryptocurrencies. However, Powell also warned that cryptocurrencies are "highly volatile" and that investors should be aware of the risks involved.

The price of Bitcoin initially slipped a few dollars on the hawkish lean to Powell's remarks, but has since bounced to modestly positive on the day at $26,200.

It remains to be seen how the Fed's regulatory plans for cryptocurrencies will play out. However, Powell's statement is a sign that the Fed is taking cryptocurrencies seriously, and that it is prepared to take action to protect investors.

https://www.cryptocrit.xyz/2023/08/crypto-analysis-famous-economist.html

Cryptocurrency discussions / Crypto scam: A retired correction officer charged as defrauded $600,000

« on: August 26, 2023, 07:59:28 AM »

Attorney Philip R. Sellinger said a former corrections officer was arrested Wednesday for running a cryptocurrency scam that defrauded first responders of more than $600,000, US

John DeSalvo, 47, of Upper Township is also accused of soliciting up to $100,000 from members of an online investment group in the same scam. In both cases, he cut most of the money he would have spent on unrelated expenses, officials said.

He was charged with two counts each of wire fraud, bank fraud and embezzlement and is scheduled to appear in federal court in Newark on Wednesday afternoon.

DeSalvo was accused of creating the Blazar Token in 2021 and marketing it to first responders on social media, promising them it would supplement their retirement plans. It told potential investors that they were getting a return of more than 20% with zero risk and misled them with several false statements, including saying that the coin was approved by the Securities and Exchange Commission as well. and it will be available for purchase in the main. stock exchange. authorities said.

https://www.cryptocrit.xyz/2023/08/crypto-scam-retired-correction-officer.html