ECB Pits Digital Euro Against Stablecoins as the Battle for Money Supremacy Heats Up
ECB Pits Digital Euro Against Stablecoins as the Battle for Money Supremacy Heats Up
Piero Cipollone, Executive Board Member of the ECB, explained that the adoption of central bank money, including a digital euro, would serve to set an European sovereign defense against stablecoins. He stressed that stablecoins pose distinct risks to financial stability and to the implementation of effective monetary policy. ECB Highlights Relevance of Digital Euro to […]
Welcome to CoinFeedPro
Latest crypto news from key platforms. All in one place.
Todays Sentiment
Bullish
Latest news
- NEWSBTC
Want To Buy ‘Cheap’ Bitcoin? Pundit Reveals Where Whales Will Be Buying
After finishing up its crash over the weekend, the Bitcoin price seems to be stabilizing as market sentiment starts to move positively once again. However, this has not done much to eliminate the bearish expectations that have erupted following the October 10 liquidation event. As opposed to the expectations that the Bitcoin price will see a recovery bounce that sends it to new all-time highs, crypto pundit MMBTrader has revealed what they call the ‘Whale Buy Zone’ to snap up some ‘cheap’ Bitcoin. Wait For The Bitcoin Price To Crash Below $90,000 Presently, the Bitcoin price is still trending above $100,000 and has held this psychological level even through the multiple crashes that have rocked the crypto market. This constitutes an over 10% crash from the $126,000 all-time high that was recorded back in early October. Related Reading: $536M In Sell Pressure: Why Bitcoin And Ethereum Prices Crashed Despite the decline below $108,000, crypto analyst MMBTrader tells investors that this may not be the best time to actually buy the cryptocurrency. Instead, they advise that investors wait to buy ‘cheap’ Bitcoin at the levels when the whales will be likely to start buying the cryptocurrency again. This whale buy zone is placed below $90,000 and could be as low as $87,000 before support is established. The reasoning behind this is that the Bitcoin price will be trending near the 0.38 and 0.5 Fibonacci levels, which is historically when the Bitcoin price corrections have usually ended. From here, the price is likely to start moving upward with all of the whale buying boosting its momentum. Newer traders entering the market are expected to actually panic and sell their tokens for a between 15% and 40% loss before exiting the market. Then, the Bitcoin price is likely to pump after these weak hands have exited, and the analyst expects that BTC will then put in a new all-time high around $130,000-$140,000. Once this happens, then the newer traders who exited are expecting to start FOMO buying again, with the cycle expected to repeat itself. At this point, investors who bought below $90,000 will be seeing a notable profit on their investments. Stay Sharp And Stick To A Strategy Amid all of this, the crypto analyst advises investors to stick to their strategy and strict risk management when trading cryptocurrencies. The Bitcoin price often moves based on market news, but it is hard to tell what direction each news would take the price in, and it is best to stick to the established strategy long before the news and to set stop loss and take profit levels. Related Reading: XRP Price To Crash 40%? Analyst Reveals Worst-Case Scenario MMBTrader also advises about panic buying and selling due to news. Instead, focus on having a good mindset regardless of how a trade goes. This is regardless of whether a trade ended in a win or a loss; it is important to maintain the right mindset. Featured image from Dall.E, chart from TradingView.com
Youtube Star Mrbeast Seeks Trademark for Crypto Services
Youtube creator Jimmy “Mrbeast” Donaldson’s company filed an application with the U.S. Patent and Trademark Office on Oct. 13 to register “Mrbeast Financial,” seeking protection for mobile banking, online banking services, software-as-a-service and cryptocurrency-related services, according to the USPTO filing. The filing does not announce a launch date; company representatives declined to comment in media […]
XRP Price Is Trapped Under A Bearish Structure, What Happens If It Doesn’t Break $2.5
The XRP price looks to be on the verge of another breakdown that could send it spiraling to new multi-month lows. This comes after a failure to hold the support at $2.5 and the subsequent decline that has put it on a rather bearish path. If this bearishness continues, then it is more likely that […]
Các Đồng Coin Tiềm Năng Nên Mua Khi Giá MemeCore Giảm 10%
Thị trường meme coin có thể đang chuẩn bị cho một đợt phục hồi mới sau vài tuần đầy biến động. Mặc dù giá đang điều chỉnh, nhiều nhà đầu tư tin rằng giai đoạn hiện tại chính là bước đệm cho chu kỳ tăng trưởng tiếp theo. Bitcoin và các altcoin hàng đầu đã […]
Latam Insights: US Bails Argentina, Colombia Terminates World’s Operations
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, the U.S. purchases pesos to stabilize the Argentine economy, Colombia terminates World’s biometric operations, and the Mexican billionaire Ricardo Salinas estimates bitcoin will reach $1.5 million. US Treasury Intervenes in Argentine Currency […]
ZachXBT Exposes $3 Million XRP Heist After Hardware Wallet Breach
On-chain sleuth ZachXBT has traced a $3.05 million theft of XRP from a US retail user to a laundering route that ran through Bridgers—an aggregator formerly associated with SWFT—and into over-the-counter venues linked to Huione, the Cambodian financial network that the US government moved last week to cut off from the American financial system. Publishing […]