Approximately 150 employees of trading firm Robinhood Markets are slated to lose their jobs, according to a Wall Street Journal report on Monday. This decision, which constitutes the third round of job cuts happened within a span of slightly over a year. This was stated in an internal communication by the firm’s chief financial officer,…
Bitcoin price is attempting a fresh increase from the $30,000 zone. BTC could gain bullish momentum if it clears $30,500 and the 100 hourly SMA. Bitcoin is holding gains above the $30,000 support zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
The month of June is quickly drawing to an end and although the price of Bitcoin is maintaining a bullish streak, it is still sitting well below expectations. However, all hope is not lost as the market moves into the month of July which has historically been a bullish month for the digital asset. So…
Binance has made a decision to reverse its initial plan of delisting certain privacy coins in Europe. This change in course comes after the exchange revised its operations to align with the local regulatory requirements. According to the developers of Verge (XVG) and Secret (SCRT) cryptocurrencies, a significant outcome was achieved. Seven privacy-focused tokens were…
The Lightning Network, Bitcoin’s Layer 2 payment protocol, has achieved a new landmark, reaching an all-time high in Bitcoin capacity, a pivotal move underscoring the network’s continued growth and increased adoption. The network, which works by locking Bitcoin in payment channels, witnessed a substantial boost, pushing its Bitcoin capacity to a record-high of more than…
On-chain data shows that the Bitcoin exchange whale ratio has taken a plunge recently. Here’s why this may be bullish for the asset’s price. Bitcoin Exchange Whale Ratio Has Registered A Sharp Decline Recently As pointed out by an analyst in a CryptoQuant post, the selling pressure in the market may be diminishing right now.…
Avalanche (AVAX) recently experienced a breakout, successfully overcoming a major obstacle at $13. This particular hurdle had proven to be a significant challenge for AVAX bulls in the preceding weeks, hampering their upward momentum. The surge in AVAX’s performance can be attributed to multiple factors, one of which is the increasing demand for the wrapped…
Uniswap (UNI) has emerged as a formidable force within the cryptocurrency space, showcasing an impressive growth of 22% in recent weeks. As one of the leading decentralized exchanges (DEX) built on the Ethereum blockchain, Uniswap has gained widespread recognition for its innovative approach to facilitating peer-to-peer token swaps. With its unique automated market maker (AMM)…
Bitcoin price is correcting gains from the $31,400 zone. BTC could revisit the $29,200 support or even $28,500 before it starts a fresh increase. Bitcoin is currently correcting gains from the $31,400 zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…
The latest Bitcoin price action has pushed momentum into the positive on just about every timeframe that matters: From today the daily through the monthly. If these signals confirm with a June monthly close, the train might have officially left the station when it comes to the next crypto bull run. BTCUSD Momentum Builds Across…