The Ethereum price has been struggling to break above the $3,250 zone, remaining in a bearish trend. Recently, ETH dropped below the critical $3,000 support level and tested lows near $2,850. This downward movement indicates a lack of buying interest in the market. Looking at the hourly chart of ETH/USD, we can see that the
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Bitcoin’s price recently attempted to recover above the $61,500 resistance level but failed to do so. This resulted in another decline in the price, with BTC potentially heading towards the $55,000 mark. The failure to break above key resistance levels has raised concerns among investors and traders, indicating a lack of bullish momentum in the
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
A recent analysis by a crypto analyst has shed light on potential indicators that suggest a significant rally for XRP, the native token of the XRP Ledger (XRPL). The analyst, Tylie Eric, expressed optimism about XRP’s future, pointing towards a possible rebound from its current bearish trends and a soar to new all-time highs. Eric
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
As the crypto market experiences fluctuations, experts like Michael van de Poppe and Mkybull Crypto have pointed out important indicators that could impact the future of Bitcoin prices. Van de Poppe highlighted the closure of the CME gap, suggesting that Bitcoin might experience a bounce from its current price level. Similarly, Mkybull Crypto confirmed the
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
Aayush Jindal is a name that resonates in the financial markets, known for his vast experience in Forex and cryptocurrency trading, spanning over 15 years. His reputation as a trusted advisor and senior market expert is well-earned, as he navigates investors worldwide through the complexities of modern finance with his insightful technical analysis and astute