Bitcoin Whale Places $368M Short Bet Ahead of FOMC Meeting
A prominent Bitcoin whale has opened a $368 million short position with 40x leverage, anticipating a decline in BTC’s price ahead of the upcoming Federal Open Market Committee (FOMC) meeting. This move reflects heightened market caution as investors await potential monetary policy changes. $BTC
Bitcoin’s June Target Set at $126K Amid Bull Market Predictions
Analysts predict a bullish resurgence for Bitcoin, setting a price target of $126,000 by June. This forecast is based on historical performance and current market indicators, suggesting a potential return to price discovery for BTC.
‘Wolf of Wall Street’ Memecoin Crashes 99%
The ‘Wolf of Wall Street’ memecoin, created by Hayden Davies—also known for projects like Libra and Melania—has plummeted by 99%. Despite being wanted by Interpol for previous crypto scams, Davies continues to launch memecoins plagued with insider trading activity.
XRP Poised to Surpass Ethereum Amid Five-Year High
XRP is testing a historically significant resistance level, with potential to outperform Ethereum (ETH). Breaking this level could lead to a minimum 160% surge against ETH, positioning XRP as a formidable competitor in the altcoin market. $ETH $XRP
Analysts View Bitcoin’s Correction as Temporary ‘Shakeout’
Market analysts interpret Bitcoin’s recent over 22% correction as a temporary “shakeout” rather than the end of its four-year cycle. This perspective suggests that the current downturn may precede the next upward phase in Bitcoin’s market trajectory.
