Bitcoin is currently facing a pivotal moment in its trajectory, with the price recently being rejected at $62,000. This rejection has created a sense of uncertainty in the market, as both bulls and bears are embroiled in a fierce battle for dominance. While bullish sentiments are still prevalent, the emergence of the bears has sparked
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Recently, Jesse Powell, the founder of Kraken, a prominent cryptocurrency exchange, made headlines by donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that his intention behind the donation was to help the US maintain its leadership in blockchain technology. This move by Powell not only reflects
Aayush Jindal is a remarkable individual who has made a significant impact in the world of financial markets, particularly in the realms of Forex and cryptocurrency trading. His journey began at a young age, where he demonstrated a natural aptitude for deciphering complex systems and unraveling patterns. This early interest in understanding market dynamics planted
Bitcoin’s price is currently consolidating above the $60,550 support zone, but it is facing challenges in breaking above key resistance levels. Despite trading above $61,500 and the 100 hourly Simple moving average, Bitcoin is finding it difficult to recover above the $62,200 and $62,400 levels. This struggle indicates a potential for more downside movement if
Ethereum price is currently attempting to break above the $3,420 resistance zone. Despite a slow move higher, ETH is facing challenges in clearing the $3,480 and $3,520 resistance levels. A break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD is a positive sign, but the pair must
Aayush Jindal is a distinguished figure in the world of financial markets, boasting a wealth of experience that spans over 15 years in Forex and cryptocurrency trading. Known for his exceptional proficiency in technical analysis, Aayush has garnered a reputation as a trusted advisor and senior market expert, providing valuable insights to investors globally. From
Crypto analyst Alessio Rastani recently raised concerns about XRP’s future price movements, suggesting that the cryptocurrency could be in trouble. He emphasized strong warnings on the chart, indicating the potential for further price declines in the near future. Rastani’s analysis, based on the Elliot Wave Theory, pointed towards a possible drop in XRP’s price to
Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, recently emphasized that crypto is a nonpartisan issue. According to her, crypto is not a political matter but rather a unifying one that has garnered support from both sides of the political spectrum. She highlighted the fact that voters across the US
ESMA’s proposed regulations under the Markets in Crypto Assets Regulation (MiCA) have caused significant concern within the crypto community, particularly in regards to the misinterpretation of Maximum Extractable Value (MEV). Paradigm, a key player in the industry, has raised alarms over ESMA’s characterization of MEV as a form of market abuse under the upcoming MiCA
The recent decline in the Bitcoin price can be attributed to major sell-offs that have been impacting the market. Notably, large government entities such as the German and US governments have been selling substantial amounts of BTC. The German government recently sold around 2,786 BTC worth approximately $140 million. Similarly, the US government moved almost