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DOGE price is up today as an uptick in whale activity aligns with Coinbase plans to launch futures trading for Dogecoin.
A look at Bitcoin’s fundamentals suggests Bitcoin is due for a choppy trading period over the next two months, one popular analyst says.
There needs to be more solo stakers on Ethereum today; could Rainbow Staking be the solution?
Bitcoin remains in ‘overbought territory’ despite the past week’s correction, according to JPMorgan analysts.Last month, the analysts said the bitcoin price would likely drop to around $42,000 after the upcoming halving event.
Bitcoin may witness a sharp correction, primarily due to the significant amount of leverage still in play within the market.
Bitcoin could use a deeper dip to reset "bull market sustainability," some of the latest BTC price analysis concludes.
This opinion piece was written by Frank Chaparro, Host of The Scoop Podcast and Director of Special Projects.The article was first seen in Chaparro’s The Scoop newsletter.
- 02:02Market dynamics on November 25: BTC fluctuates at high levels without breaking 100,000 US dollars, dominance rate drops; U.S. stocks rise, U.S. dollar weakensI. Market Dynamics 1. BTC fluctuates at a high level, never breaking the price of 100,000 USD. The dominance of BTC has declined on a weekly basis, and old coins have surged. Historically, the average adjustment range of BTC bull market is 30%. 2. U.S stocks are rising while the dollar weakens. II. Market Focus 1. Old coins such as XLM, KSM, HBAR etc., have surged significantly. The rise in old coins indicates that the bull market has nothing to do with fundamentals but rather it's about past coin speculators returning; they will first buy tokens they are familiar with. 2. Gaming old coins like SAND, MANA, AXS etc., have also seen significant increases - all sectors take turns rotating. 3. On-chain MEME coins CHIILLGUY, RIF,URO etc., rebounded comprehensively as speculative hot money returns to the chain.
- 01:31JPMorgan Chase: The U.S. Government Efficiency Department's advancement of federal reform may face obstaclesJPMorgan recently released a report assessing the U.S. Government Efficiency Department (DOGE). This department was established by President-elect Trump and is led by Elon Musk and Vivek Ramaswamy, with the aim of streamlining federal operations and reducing wasteful spending. The report states: "In terms of government efficiency, Trump is expected to push an agenda advocating for less bureaucracy. This includes establishing a new Government Efficiency Department," adding that "We believe it will be difficult for this department to achieve this." JPMorgan explained the potential obstacles DOGE may encounter: "Ultimately, Congress controls government spending, while DOGE operates outside of Congress. The department can make all the recommendations it wants, but in the end it's typically a 60-vote majority in Congress that decides legislative changes." The report concluded: "The question investors care most about in 2025 is which parts of the Trump 2.0 agenda will be emphasized and which parts will gradually fade away."
- 01:28Survey: Investors anticipate the US dollar will strengthen in the short term, but may face pressure in the long termA recent survey by an institution shows that the dollar will stabilize at the beginning of 2025, and then face risks such as accelerated US inflation and a surge in fiscal deficits in the next year. As we enter next year, 89 respondents have different views on the risk that may cause the most damage to the dollar. The largest proportion of concerns about deficits is 38%, and another 32% of respondents believe that if Trump implements tariff measures promised during his campaign after taking office in January, then weak growth in US and global economies next year will put pressure on the dollar. Although these policies may strengthen the dollar in short term, they would ultimately suppress its appeal due to long-term economic impact. Nevertheless, approximately 70% of respondents still believe that Dollar Index will rise within next month. There are two key themes supporting people's confidence in dollars before end of this year: one is U.S. bond yields will be supported by Federal Reserve's patience for interest rate cuts which promotes investors' inflow into U.S assets; secondly is safe-haven buying for dollars possibly caused by series uncertainties surrounding Trump's future economic policies.