Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets…
The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new bear market. A recent analysis by Barchart analyst Rob Isbitts highlights three significant signals suggesting that a deeper retreat in crypto prices may be on the horizon. Emerging Correlations Among Crypto Prices The report points…
Although the world-renowned Binance Exchange, which facilitates crypto-to-crypto transactions, has seen waning demand as of late, the startup has forged ahead and has made notable strides in the fiat-to-crypto realm. Reports indicate that Binance’s Uganda branch, which went live last week, has already seen a proverbial boatload of interest, leading to the obvious, but pressing question…
Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 range. Latest exchange data – such as Cumulative Volume Delta (CVD) Confirmation Score – suggests that BTC is benefitting from strong underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post…
dYdX (DYDX), one of the leading decentralized cryptocurrency trading platforms in the industry, is reportedly preparing to enter the US market by the end of the year, following the recent shift in crypto policies by the Trump administration. dYdX Expands Amid Supportive Legislation In an interview with Reuters, Eddie Zhang, the president of dYdX, emphasized…
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Over According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on…
Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1.2 billion worth of cryptocurrency. The U.S. government started seizing crypto assets during the Silk Road shutdown of 2013. And so far since, there has been crypto seized from individuals every…
Este artículo también está disponible en español. In the past week, Ethereum (ETH) has dropped 9.3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is…
In the countdown to the deadline for the long-awaited Bitcoin ETF applications by major asset managers worldwide, predictions regarding the rate of approval have significantly improved. Inside sources from the US Securities and Exchange Commission (SEC) indicate that Bloomberg’s initial 90% chance prediction of approval has now surged beyond 99%. This development has heightened the…
If you’ve been on Crypto Twitter at all over the past few hours, you’ve likely noticed this Ethereum transaction. The transaction, which is for 342,000 ETH (valued at nearly $50 million as of the time of writing this), was sent from Upbit, a popular Korean exchange, to an unknown, unmarked wallet out of nowhere. 🚨…