Crypto Genius™

A Massive Bitcoin Uptrend Coming Based on BTC/SPX Ratio, Suggests Macro-Economist

Crypto News and Updates / Logan / October 4, 2023

According to macro-economist Henrik Zeberg, Bitcoin and other risk assets are primed for a significant move, based on the BTC/SPX Ratio. This indicator compares Bitcoin’s performance to the S&P 500 index (SPX), and Zeberg believes that the Bitcoin uptrend is just getting started. Recent dips in September could offer opportunities for traders to accumulate.

The BTC/SPX Ratio, an indicator that evaluates the relative performance of Bitcoin and the stock market, is currently rising

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Crypto Analyst Predicts Massive Surge in XRP Price

Crypto News and Updates / Logan / October 3, 2023

Crypto analyst Dark Defender has revised his previous prediction and now anticipates a significant increase in XRP price. The analyst’s latest forecast suggests an 1,100% surge, potentially reaching an all-time high of $5.85. This is a notable increase from his previous forecast, which suggested a XRP price break towards $3 based on the wave trend.

The prediction comes after the XRP price closed the month of September with a Doji chart pattern, a term used to describe when the opening and closing price for

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: The Trial of Former FTX CEO Sam Bankman-Fried: A Comprehensive Overview

FTX Collapse: The Trial of Former FTX CEO Sam Bankman-Fried

Crypto News and Updates / Logan / October 3, 2023

Former FTX CEO, Sam Bankman-Fried, is set to face a 21-day trial starting October 4, following charges related to the collapse of the cryptocurrency exchange FTX. The exchange, once a household name in the U.S. for its high-profile sponsorships and campaigns, faced a liquidity crisis due to the plummeting value of its native FTX Token (FTT). Bankman-Fried has been accused of seven counts of conspiracy and fraud, with potential penalties amounting to over a century of jail time if found guilty

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Bitcoin’s Breakthrough: Soaring Past $28,000 Mark

Crypto News and Updates / Logan / October 2, 2023

Bitcoin recently witnessed a substantial upsurge in its price, breaking past the $28,000 barrier for the first time since its significant leap on August 29. This surge was triggered by a phenomenon known as a ‘short squeeze’, causing a significant number of Bitcoin short positions to be liquidated. This event led to a rapid price increase, prompting traders to buy to prevent further losses, which in turn intensified the price jump.

Furthermore, the Bitcoin market demonstrated its resili

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Collapse of FTX Crypto Empire: The Role of Effective Altruism

Crypto News and Updates / Logan / October 2, 2023

The collapse of the FTX crypto exchange, led by Sam Bankman-Fried, is attributed to the ideology of effective altruism, according to Aditya Baradwaj, a former engineer at Alameda Research. Baradwaj explains that the ideology, which encourages making as much money as possible to donate later, led to increasingly risky decisions.

Bankman-Fried, under this guise, made substantial donations for causes like preventing pandemics and curing malaria in developing countries. He also donated to b

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