The post Ricardo Salinas Says Fiat Is a Fraud, Explains Why Bitcoin Could Hit $1 Million appeared first on Coinpedia Fintech News Billionaire investor Ricardo Salinas has shared a bullish outlook on Bitcoin. He argued that the world’s financial system is built on weakening fiat currencies. Additionally, he stated that Bitcoin remains one of the best ways to preserve wealth. During a recent interview, Salinas explained why he avoids the AI investment boom. He also explained why …

The post Pi Network Warns Node Operators: Upgrade Now or Lose Network Connection appeared first on Coinpedia Fintech News Pi Network issued a reminder on Wednesday urging Mainnet node operators who have not yet upgraded to Protocol v25 to do so as soon as possible to remain connected to the network. According to the Pi Core Team, the majority of Mainnet node operators have already completed the upgrade. The process is described as straightforward …

The post Bitcoin Price Today: Why the Bear Market Is Still Very Much Alive appeared first on Coinpedia Fintech News Bitcoin was rejected from the $67,000 to $77,000 resistance zone this week, and the way that rejection happened is telling analysts something important. The bear market that began earlier this year is might still be in control. After bottoming in early June, Bitcoin rallied higher, but only in what technical analysts call a three-wave move, …

The post XRP Price Prediction For June 20 appeared first on Coinpedia Fintech News XRP is testing one of the most important support levels of the past several weeks, and it is barely holding on. The $1.13 level on the weekly chart has acted as crucial support for XRP over the past one to two weeks. Right now, the price is right up against that line, and the longer-term …

The post RippleX Engineer Says the Market Stopped Talking Lawsuits and Started Talking XRP appeared first on Coinpedia Fintech News Ayo Akinyele, Head of Engineering at RippleX, says the crypto market has moved past the legal noise that once overshadowed XRP and is now paying attention to what the technology can actually do. “I think the market is very much shifting back to technology because the use cases are real,” Akinyele said in a recent …

The post Semiconductor Stocks Reach Record 18.8% of S&P 500 appeared first on Coinpedia Fintech News Semiconductor stocks now account for a record 18.8% of the S&P 500’s market capitalization, more than triple their share in 2022. The increase follows a 546% rally in the SOX semiconductor index, fueled by strong demand for artificial intelligence infrastructure. The concentration matters because semiconductor companies now represent a larger portion of the index than …

The post Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund appeared first on Coinpedia Fintech News Fidelity has launched the Fidelity Reserves Digital Fund, a money market fund built for stablecoin issuers. The fund began operating on June 15 and invests only in reserve assets permitted under the GENIUS Act framework, including U.S. Treasury securities, cash, overnight repurchase agreements, and compliant government money market funds. The launch matters because it provides …

The post Fundstrat’s Tom Lee Warns of “Abrupt” Bear Market Later This Year appeared first on Coinpedia Fintech News Fundstrat’s Tom Lee pushed back on the growing consensus that this week’s Fed meeting was hawkish. He argued investors misjudged new Fed Chair Kevin Warsh’s communication style and intentions. “Kevin Warsh has a very different communication style and he plans to kind of modernize how the Fed monitors data,” Lee said. “I think the markets …

The post Why is Crypto Going Down Today? appeared first on Coinpedia Fintech News Crypto is down today mainly because a wave of leveraged bullish positions was forced to close as prices fell, increasing selling pressure across the market. Weak investor sentiment and growing caution among traders added to the decline, causing major cryptocurrencies to lose key support levels. The broader crypto market has fallen about 1.05% in the …

The post Gold, Silver, and Crypto All Crash Together — Here’s Why appeared first on Coinpedia Fintech News Bitcoin, Ethereum and XRP among other tokens have continued a four-day pullback across the crypto market. The decline follows a brief rally earlier this week after news broke that the US and Iran were nearing a deal, which initially pushed prices higher before the market reversed. A similar pattern played out when the CLARITY Act …