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Bitcoin (BTC) has recently undergone its ninth test of the $60,000 support level, sparking discussions among cryptocurrency analysts regarding the potential direction of the digital asset. Dana Crypto Trades, a prominent crypto analyst, highlighted the significance of this support region and its impact on Bitcoin’s trajectory in a recent social media post. Market Sentiment and
As the cryptocurrency market continues to evolve, analysts are closely monitoring the potential launch of spot Ethereum ETFs. Bloomberg ETF analyst James Seyffart recently stated that he believes these ETFs could launch around July 15, pending the application process settling. However, Seyffart also mentioned that he has low confidence in these predictions, highlighting the uncertainty
The Securities and Exchange Commission (SEC) of Nigeria has recently unveiled new regulatory incubation guidelines for Virtual Asset Service Providers (VASPs). These guidelines aim to ensure closer regulatory oversight and support for local market development in response to the challenges faced by the country’s fiat currency due to the increasing adoption of cryptocurrencies. One of
South Korea’s Financial Supervisory Service (FSS) is taking steps to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. In a recent notice, the regulator announced that local exchanges will be required to establish a “continuous monitoring system for unfair transactions” and report any “abnormal transactions” through a dedicated
The recent crypto market crash has sent shockwaves through the industry, causing a state of panic among traders. Bitcoin and altcoins have been hit hard, with the Bitcoin price plummeting and dragging down the entire market with it. Tens of thousands of traders have been forced to liquidate their positions, resulting in hundreds of millions
Crypto analyst Quinten François has made some bold predictions regarding Bitcoin’s future price trajectory, suggesting that the flagship cryptocurrency could potentially reach astronomical highs. He highlighted the significance of Bitcoin’s fourth halving, claiming that this event could signal the beginning of a major upward trend for BTC. According to Quinten, if Bitcoin were to follow