The cryptocurrency markets have continued to bleed, with social media now showing historic levels of Fear, Uncertainty, and Doubt (FUD). It’s rare for an hour to pass without more mentions of “sell” than “buy” across crypto forums. In the past 24 hours alone, there have been several instances of this, including the highest ratio of negative to positive comments seen so far in 2024. For bold traders, this may be a window to adopt a contrarian approach and buy amid the crowd’s anger and frustration. 
Markets have continued to bleed, and social media is now showing historic levels of
The post Market Bleeds And Social Media FUD Reaches Historic Levels As Bitcoin Whales Sell Off appeared first on The Merkle News.
]]>Bitcoin has recently fallen to a low of $56.7K, while Ethereum has dropped to $3.1K, prompting many traders to see this as a “buy the dip” opportunity. However, the best strategy might be to wait until the initial rush subsides. The ideal time to buy is when the market sentiment shifts to impatience and skepticism. Bitcoin has just dropped to as low as $59.4K and Ethereum to $3.1K in the previous hour. The crowd is showing signs of seeing this as a buy the dip opportunity. Ideally, we wait for their enthusiasm to settle down. The time to buy
The post Bitcoin and Ethereum Plummet: Market Awaits Ideal Buy Opportunity Amidst Liquidation Fears appeared first on The Merkle News.
]]>The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity. On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000. Before @DaddyTateCTO published his first post, the insider acquired 29.8 million $DADDY tokens for just 13.2 $SOL ($1,950) through three different wallets. After purchasing the tokens, he sold a small portion and transferred most of the remaining tokens through multiple addresses. The bulk eventually flowed to the address
The post $DADDY Token Plummets Over 25% Following Insider’s Massive Sell-Off appeared first on The Merkle News.
]]>The decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week. On-chain data from Lookonchain indicates significant buying activity from whales and institutions. 66 Wallets Withdrew 344,502 GMX Tokens In the past two days, six new wallets collectively withdrew 344,502 GMX tokens, valued at $15.3 million, from Binance. This accumulation by large holders suggests confidence in the long-term potential of GMX despite the recent price dip. Whales/institutions are buying $GMX, and the price of $GMX has increased by ~24% in the past
The post GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation appeared first on The Merkle News.
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James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of “investment scams” involving crypto exchanges.
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The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value […]
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According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
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According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari […]
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The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]
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According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, […]
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