The value of Tornado Cash is decreasing, not due to market factors but because of recent controversies. The Office of Foreign Assets Control recently added Tornado Cash to its list of Special Designated Nationals. That means no one from the United States may use the token. By taking this action, OFAC has effectively banned Tornado Cash from…
Cardano is said to be designed in such a way that it performs better than Ethereum when it comes to running smart contracts. Cardano has now lost 86.2% of its $3.09 all-time high ADA still remains as the 8th largest crypto by market capitalization $1 trading price remains a big challenge for Cardano After all,…
Elrond is currently among crypto assets that are “in the green” after enduring another trying week for cryptocurrencies. Elrond currently trades at $52.44 Coin expected to reach $60 mark in coming weeks Elrond currently 90.4% lower than its ATH At press time, tracking from CoinGecko shows EGLD trading at $52.44. For the last seven days,…
Bitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000. Bitcoin remained well bid above the $19,200 and $19,000 support levels. The price is trading above $19,400 and the 100 hourly simple moving average. There is a key…
The third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and ended up hitting lower lows than expected. However, this has not changed investors’ convictions about the cryptocurrency. As the third quarter drew to a close, there had been a massive withdrawal spree from…
In this episode of NewsBTC’s daily technical analysis videos, we review a variety of technical and fundamental signals on the Bitcoin price monthly chart to see if we are getting closer to a bottom in crypto. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 3, 2022 Bearish BTC Momentum Begins…
A quant has explained how there is a connection between the recent trends in the US stock market volumes and the Bitcoin price. TradFi Depth Oscillator Has Hit A Low And Is Now Turning Back Up As explained by an analyst in a CryptoQuant post, the volume depth in traditional finance markets has been low…
The Bitcoin price has been able to hold its ground over the weekend, and it’s hinting at a potential bullish week for the nascent asset class. The cryptocurrency has been stuck in a tight range for the past month, unable to reclaim and flip the area north of $20,000 back to support. At the time…
Bitcoin price is struggling to climb above the $20,000 resistance against the US Dollar. BTC could decline heavily if there is a close below the $18,500 support. Bitcoin remained in a range and stayed above the $19,000 support zone. The price is trading below $19,400 and the 100 hourly simple moving average. There was a…
On-chain data shows the Bitcoin exchange outflows have spiked up recently, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Netflow Has Observed Deep Red Values In Recent Days As pointed out by an analyst in a CryptoQuant post, investors have withdrawn more than 60k BTC from exchanges recently. The…