Meanwhile, the underlying asset has dipped by 3% weekly and continues to struggle at the $1.30 support. The spot exchange-traded funds tracking the performance of Ripple’s cross-border token continue to dig new lows, as they just ended their first month in the red in March. The landscape is even more worrying when we examine…
Peter Schiff has renewed his criticism of Bitcoin by questioning its long-term value as an investment. Summary Peter Schiff: Bitcoin gained 12% in five years, trailing gold, silver, Nasdaq, and S&P 500. Michael Saylor said Bitcoin has outperformed assets since August 2020, arguing time frame changes comparisons. Santiment data showed Bitcoin bearish sentiment reached late-February…
The UAE is considering joining a US-led coalition to secure the Strait of Hormuz after a US military rescue operation in Iran. The odds for a ceasefire by April 7 have dropped to 1% YES, down from 12% last week. Traders pushed odds lower across all related markets. The April 7 market fell to 1%…
Bitcoin drew mixed public views after new comments from market observers focused on long-term performance and price structure. Summary Adam Livingston said Bitcoin trades 0.94 sigma below center as price structure tightens around power law. Livingston said Bitcoin’s historical trading range compressed sharply, with crashes and blowoff tops becoming less extreme. Peter Schiff said Bitcoin…
Israeli elite units rescued an American pilot inside Iran, confirming US special forces operations. The odds of US forces entering Iran by April 30 have surged to 86.5% YES, up from 62% just 24 hours ago. The mission has significantly impacted the April 30 and December 31 markets. The April market jumped 24 points in…
Robert Kiyosaki said current economic pressure reflects changes that began in the 1970s. Summary Kiyosaki said 1974 policy shifts still shape debt, inflation, retirement pressure, and demand for Bitcoin. He warned baby boomers may face retirement income gaps as pensions gave way to market-based accounts. Santiment data showed Bitcoin bearish sentiment rose, while contrarian traders…
Iraq’s gratitude for Iran’s decision to permit oil tankers through the Strait of Hormuz suggests easing tensions. The odds of a US-Iran ceasefire by April 7 have dropped to 1% YES, down from 12% last week. Iran’s gesture towards Iraq contrasts with its hostility towards US and Israeli-linked vessels. The April 15 ceasefire market is…
Crypto markets, especially altcoins, could react fast once the Middle East war reaches a turning point, said the AI. Over a month has passed since the initial strikes against Iran took place on February 28, and the war scene in the Middle East has been rather controversial, to say the least. Trump has remained…
Anthropic has entered US election financing with a new political action committee as debate over artificial intelligence policy grows in Washington. Summary Anthropic launched AnthroPAC, giving employees a channel to support candidates during rising AI policy debate. The PAC arrived as Anthropic battles Pentagon limits tied to weapons use and surveillance policy. Google-backed Texas expansion…
The successful rescue of a second airman from Iran after the downing of a US F-15 fighter jet has pushed the odds of US forces entering Iran by April 30 to 86% YES, up from 62% just a day ago. US operations deep within Iranian territory have significantly raised market confidence in a ground troop…
