Bitcoin, the world’s largest cryptocurrency, has been undergoing a period of stagnation since mid-January. However, indications from the Bollinger Band Width (BBW) suggest that this phase of dullness may soon come to an end. The BBW, derived from the Bollinger Bands, measures the divergence or convergence of these bands to indicate the level of volatility
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XRP, the cryptocurrency associated with Ripple, is currently facing a significant hurdle in its price movement. The resistance level at $0.520 seems to be posing a challenge for XRP’s upward momentum. In addition, the $0.508 resistance level is also proving to be a barrier for the cryptocurrency. The price is currently trading below $0.520 and
The cryptocurrency market has witnessed the meteoric rise of various meme coins in recent years, with each coin striving to capture the attention of investors and traders. One such newcomer that has made headlines is Sponge, a meme coin that has gained significant traction since its relaunch as Sponge V2 on Polygon. With its remarkable
The XRP price has yet to recover from the latest exploit, which resulted in Ripple’s co-founder Chris Larsen being hacked and 213 million XRP worth $120 million carted away. This unfortunate incident has had a significant impact on the sentiment surrounding XRP and has led to a decline in its price. Investors and traders are
Digital Currency Group (DCG), a subsidiary of Genesis, has recently opposed the bankruptcy plans put forth by Genesis, arguing that it not only violates the law but also favors a small group of creditors. DCG’s objections, outlined in a court filing on February 5, strongly express concerns about the Revised Plan submitted by Genesis. According
Bitcoin and Solana have emerged as the top contenders in the institutional inflows into digital asset investment products, according to a recent report by CoinShares. Last week, Bitcoin witnessed a substantial inflow of $703 million, accounting for an impressive 99% of all flows in these investment products. Solana followed in the second position with an
The crypto market experienced a significant drop in value as Binance, the largest crypto exchange by trading volume, announced the delisting of two digital assets: Monero (XMR) and Multichain’s MULTI. This decision sent shockwaves throughout the market, causing both XMR and MULTI to plummet in value. However, while XMR and MULTI suffered a substantial decline,
In a bold statement on February 5th, CEO of Grayscale, Michael Sonnenshein, made a passionate plea to regulators, urging them to approve spot Bitcoin exchange-traded fund (ETF) options. Sonnenshein emphasized the critical need for the development of a robust listed options market for spot Bitcoin ETFs. He pointed out that although the Grayscale Bitcoin Trust
Bitcoin, the flagship cryptocurrency, finds itself at a pivotal moment in its price trajectory. As the market remains indecisive about whether to head upward or downward, crypto analyst Eric Krown Crypto shares his insights on the key factors that will determine Bitcoin’s next move. By analyzing the Stochastic indicator, Krown provides valuable predictions and sheds
The South Korean Financial Services Commission (FSC) has recently announced significant legislative amendments with the aim of tightening regulations surrounding virtual asset business operators. These changes are specifically focused on increasing accountability and duties of executives within the crypto industry. The introduction of these measures reflects the government’s commitment to fostering a more stable and