Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U.S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. As of this writing, Bitcoin…
Bitcoin price trimmed yesterday’s losses and climbed above $26,500. BTC is now again facing strong resistance near the $27,400 zone. Bitcoin started a fresh decline after it dived toward the $25,500 support. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line…
Bitcoin (BTC) has experienced a negative reaction following the SEC’s continued crackdown on the crypto industry. The regulatory body recently filed a complaint against the largest exchange in the industry, Binance, contributing to Bitcoin’s decline. However, there may be a glimmer of hope for the cryptocurrency, as it has managed to recover the $26,000 level.…
Renowned exchange Kraken is battling issues with its crypto funding gateways, which include BTC, ETH, and ERC-20, as users experienced delays in deposits and withdrawals. On their status page, Kraken informed users that the Kraken Futures platform would not be available for approximately 10 minutes on June 6, 2023, at 10:30 UTC. As such, users…
Bitcoin price is down 5% and trading below the $26,000 level. BTC is now at risk of a move toward the $25,000 support in the near term. Bitcoin started a sharp decline below the $27,000 level. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a connecting bearish trend…
In a significant development this week, Bitcoin price has crossed bearish on the weekly LMACD (Logarithmic Moving Average Convergence Divergence), marking the first time this has occurred in 2023. Does this mean further decline for BTCUSD, or do bulls still have a chance to save the recent uptrend? Bitcoin Momentum Takes A Turn For The…
Bitcoin (BTC) and other cryptocurrencies have taken a hit in the wake of recent news regarding Binance, the world’s largest cryptocurrency exchange by trading volume. The market has reacted with concern to the disclosure of a complaint against the exchange, which has sparked a wider downtrend throughout the cryptocurrency industry. As of this writing, Bitcoin…
The Bitcoin Ordinals protocol developers have introduced a new upgrade to rectify over 71,000 invalid inscriptions previously untradeable. These inscriptions often result from incorrect usage and were rendered useless and untradeable until now. However, with this recent development, developers have taken the first step toward addressing this long-standing problem. Developers Unleased the New Ordinals Protocol…
Bitcoin price is struggling to clear the $27,500 resistance zone. BTC is sliding and there could be a sharp decline toward $25,550 in the coming sessions. Bitcoin is still struggling to stay above the $27,000 support zone. The price is trading below $27,200 and the 100 hourly Simple moving average. There was a break below…
In his latest report titled “Crypto Outlook, June 2023,” Bloomberg’s Senior Macro Strategist, Mike McGlone, predicts more pain ahead for Bitcoin (BTC) and the broader cryptocurrency market. McGlone argues that despite a rebound in prices in 2023, the risks for the Bloomberg Galaxy Crypto Index remain tilted downward. Is Bitcoin Doomed? According to McGlone, cryptocurrencies…