Sign in Subscribe

Live Feed

Why Bitcoin Traders Should 'Buy the Dip, in Stages'

A Standard Chartered analyst has proposed a three-stage strategy for purchasing Bitcoin as it recovers from a dip below $100,000. Analyst Geoff Kendrick suggests traders invest in Bitcoin using a phased approach: 25% of their maximum budget now, an additional 25% if the price closes above $103,000, and the remaining 50% when the Bitcoin-gold ratio exceeds 30. The ratio has recently declined, impacting Bitcoin’s performance relative to gold, which is up 66.5% this year compared to Bitcoin’s 10.5% gain. Analysts link recent cryptocurrency weakness to a prolonged U.S. government shutdown that has drained institutional liquidity, but they anticipate a vigorous rally once the shutdown concludes. This expected liquidity influx could align with Bitcoin's historical strength during year-end market movements.

Source 🔗

Read next

The Protocol: ZKSync Aims to Revamp Its Tokenomics Model

ZKSync, the Ethereum layer-2 network, is proposing a significant shift in its tokenomics model to transform its ZK token from a governance-only instrument to one with genuine economic utility. The proposal, led by Alex Gluchowski, suggests leveraging network usage and enterprise licensing to enhance the token's value. This

The Protocol: ZKSync Aims to Revamp Its Tokenomics Model

ZKsync is transforming its ZK token economics by proposing to shift its function from a governance instrument to one with real economic utility. This proposal, introduced by Alex Gluchowski in the community forum, aims to connect the token’s value to network usage and enterprise licensing. The plan includes two

ZKSync Aims to Revamp Its Tokenomics Model

ZKSync is proposing to transform its ZK token from a purely governance-focused tool into one with real economic utility. The proposal, led by Alex Gluchowski, seeks to align the token's value with network activities and enterprise licensing. This shift would create a dynamic model where the token’s