BNB Pumps As Binance CEO Announces To Convert $1B BUSD To BNB

BNB Pumps As Binance CEO Announces To Convert $1B BUSD To BNB

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Bitcoin (BTC) Price Up 6% Following US Equities, Will Rally Continue This Weekend?

After some consolidation and pullback over the last two days, the world’s largest cryptocurrency Bitcoin (BTC) is back in action shooting another 6% today and moving past $25,750 levels. With this, Bitcoin extends its weekly gains by close to 30%. Bitcoin has been leading with confidence outperforming all other altcoins over the last week. As the banking crisis unfolded across America and Europe, investors preferred Bitcoin over the rest of the cryptocurrencies. As on the technical chart, BTC’s recent price action shows a breakout from the macro downtrend resistance. #BTC is right back at the Macro Downtrend resistance $BTC #Crypto #Bitcoin pic.twitter.com/T7GiQL8Hul — Rekt Capital (@rektcapital) March 16, 2023 Popular crypto analyst Rekt Capital explains : “Technically, if #BTC just holds the highs heading into April, it will naturally just break the Macro Downtrend. A breakout past the #BTC Macro Downtrend would confirm a new Bull Market and in turn confirm that No

Balaji Srinivasan: Bitcoin Can Save Investors From Digital Pearl Harbor

American entrepreneur and investor Balaji Srinivasan said his “Bitcoin to $1 million in 90 days” prediction is funnily making him sound like the most intense (Bitcoin) maximalist ever. In web 3.0 lingo, maximalists are those who believe all other cryptocurrencies are inferior to Bitcoin. The entrepreneur’s bold prediction took the financial markets world by a storm considering that Bitcoin price is only under $30,000 currently. Also, if his prediction goes on to be true, the crypto market total value could skyrocket to mainstream levels. Also Read: SushiSwap Served With Subpoena By U.S. SEC; CEO Calls For “Legal Defense Fund” His views behind the prediction were centered around the US Federal Reserve’s alleged mismanagement that crashed the system. He made the comments in the wake of back to back bank failures in the United States. What started with Silvergate spread to the Silicon Valley Bank collapse and the subsequent action on the Signature Bank. “The Fed mismanagement crashed

Bitcoin Price To Defy FOMC Meet Outcome? Experts Predict Major Rally If This Key Event Occurs

As the cryptocurrency market slows down its climb over the past few weeks, which has seen Bitcoin’s price breach the psychological level of $28,000 — the flagship cryptocurrency is painting more bullishness in the future as it breaks its macro downtrend. The market appears to be pricing in a modest 25 basis point rate hike as it waits for tomorrow’s FOMC meeting and its subsequent interest rate decision. Bitcoin’s Price Breaks Downtrend According to a prominent crypto analyst, who goes by the pseudonym Rekt Capital on Twitter, published a study on Bitcoin’s price which entails a brewing upward rally for the world’s first cryptographic asset. At the moment, Bitcoin (BTC) has been seen to break past its downtrend, although it is yet unknown whether or not this can be maintained until the end of the month. With the Federal Reserve’s rate hike decision just around the corner, many anticipate volatile price swings across market sectors. On the other hand, based on the positive unem

Bitcoin Rallies As UBS Group Acquires Troubled Lender Credit Suisse In $3.2 Billion Deal

Over the last weekend, Swiss regulators, the Swiss National Bank, and others have been working to broker a deal between the UBS Group and the troubled banking lender Credit Suisse. On Sunday evening, March 19, the deal finally came to fruition. The UBS Group acquired the ailing competitor in a $3.25 billion deal as part of the emergency ordinance and to prevent financial instability. This is more than a 60% discount from the $8 billion valuations of Credit Suisse just two back on March 17. Speaking on the development, UBS Chairman Colm Kelleher said: “This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue. We have structured a transaction which will preserve the value left in the business while limiting our downside exposure”. The Swiss central bank stated that this takeover provides a solution to “secure financial stability and protect the Swiss economy in this exceptional situation”. This deal

Breaking: 186 US Banks Face SVB Like Risk; Crypto Bull Run Ahead?

The failure of Silicon Valley Bank seems to have unraveled a range of financial difficulties within the US banking sector. That the rising interest rates made matters worse for many banks is sufficiently established by now. But the larger question is whether the banks could survive a bank run? The Silicon Valley Bank customers withdrew uninsured deposits as fears grew about its bad financial health. Latest reports suggest that this is the kind of scenario that could replicate with many other US banks. if things go south. Also Read: Binance Ditches BUSD To Adopt Rival Stablecoins For “Safu Fund”; BUSD’s Reign Coming To An End? The last two weeks saw massive contagion from the failed banks spread to even the Wall Street majors. Hence, no wonder the smaller banks would have lesser strength to survive prolonged fear and uncertainty. The KBW Nasdaq Bank Index, which tracks performance of the leading banks in the US, dropped by around 30% in the last two weeks. Meanwhile, this came as a b

5 Cryptocurrencies That Can 100x In 2023

Amid the US bank crisis , a majority of major cryptocurrencies witnessed significant inflow indicating the increasing adoption of digital currency. This sudden uptick triggers a recovery sentiment in the market and could assist buyers to regain lost ground. Amid this recovery, we will analyze top cryptocurrencies that can offer a massive return in 2023 Algorand(ALGO) Source- Tradingview The ongoing downtrend in Algorand price reached a crucial bottom pattern of $0.154. This accumulation held the coin price during the whole 2020 sideway trend and replenished the bullish momentum to trigger the 2021 bull run. Thus, the ALGO price turned sideways above this support indicating the exhausted bearish momentum and allowing interested traders to enter the market. A bullish divergence in the monthly RSI slope indicates gradual growth in underlying bullishness which hints at an early sign of a trend reversal. Xrp(XRP) Source- Tradingview For the past nine months, the XRP price has ma

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