Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% rise from just 51 Big Macs in 2015. This growth highlights Bitcoin’s dramatic appreciation in value relative to a consumer staple like the Big Mac. The post One Bitcoin now buys over 10,000 Big Macs, up from just 51 in 2015 appeared first on CryptoSlate.

Donald Trump has retaken a lead over Kamala Harris on the crypto prediction market Polymarket, with odds now standing at 52% for Trump compared to 47% for Harris. Harris has lost what was a 10-point lead on Trump before this week’s DNC. This shift comes amid a notable increase in the likelihood of Robert F. The post Harris loses lead on Polymarket as odds RFK Jr will endorse Trump jump 38% appeared first on CryptoSlate.

Through analysis of Bitcoin futures leverage, spot market order books, and psychological trading levels, I created a set of channels that have proved surprisingly resilient over the past six months. I’ve not day traded crypto since 2021, focusing instead on dollar cost averaging into Bitcoin daily. The removal of the emotional aspect of trading allowed The post Bitcoin channel predictions align with market movements over 6 months appeared first on CryptoSlate.

Rugging, a term for deceptive and fraudulent crypto practices, is rampant in some areas of the crypto industry, with some individuals, like the self-proclaimed meme coin rugger “Phantom,” exploiting vulnerabilities to generate significant profits. Phantom, an anonymous crypto trader, revealed how he exploits the meme coin market on Pump.Fun to amass substantial profits, averaging 400 The post How traders make over $60k per week rugging 98% of memecoins on PumpFun appeared first on CryptoSlate.

Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products. The acquisition includes Europe’s largest physical Bitcoin The post Bitwise AUM surpasses $4.5 billion, expands to Europe with ETC Group purchase appeared first on CryptoSlate.