Bitcoin price has been consolidating near the $58,500 level after experiencing a minor recovery from the $58,000 zone. However, the price is currently trading below $62,000 and the 100 hourly Simple Moving Average. There is a major bearish trend line with resistance at $60,200, indicating that BTC must clear the $60,500 resistance level to initiate
Ethereum has recently experienced a significant decline in price, dropping below the $2,550 mark. This downward trend has raised concerns among investors and traders alike, as the cryptocurrency struggles to maintain its value in the volatile market. Despite the price decline, there is still hope for Ethereum to initiate a recovery if it manages to
In a move to revolutionize the financial landscape, the Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble Sandbox. This initiative aims to explore the potential of tokenization across various asset classes and real-world financial applications. The sandbox will serve as a testing ground for innovative solutions that could redefine digital finance. The Project
The aftermath of the $234 million hack on WazirX has thrown the crypto platform into a 30-day moratorium, pending a decision by Singapore’s High Court on whether to extend the freeze. This move came after rival platform CoinSwitch announced its intention to pursue legal action in order to recover approximately $9.6 million in digital assets
Aayush Jindal is a standout figure in the financial markets, boasting an impressive career spanning over 15 years in both Forex and cryptocurrency trading. Known for his exceptional prowess in technical analysis, Aayush has garnered a reputation as a trusted advisor and senior market expert, guiding investors worldwide with his sharp insights and astute chart
Crypto analyst Man of Bitcoin recently shared his thoughts on the trajectory of Bonk (BONK) using the Elliot Wave Theory. According to his analysis, the meme coin could potentially reach $0.000027 in the third wave of the Elliot Wave pattern. This prediction is based on BONK already breaking above the first wave of $0.000022, indicating
Bitcoin has recently shown positive momentum as it tested the $65,000 resistance level. In order to continue its upward trajectory, BTC must successfully clear the $65,000 hurdle. The cryptocurrency started its climb above the $63,000 zone and is currently trading above $63,500, supported by the 100 hourly Simple Moving Average. A key bullish trend line
Aayush Jindal, a prominent figure in the financial markets, has accrued over 15 years of experience in Forex and cryptocurrency trading. Widely respected for his adept technical analysis skills, Aayush serves as a trusted advisor to investors worldwide, offering valuable insights and expert chart analysis. This article delves into Aayush’s background, skills, and philosophy that
The SEC recently filed settled charges against Abra for failing to register its crypto asset lending product, Abra Earn. The allegations include selling nearly half a billion dollars of securities to US investors without complying with registration laws, thereby depriving investors of essential information needed to make informed decisions. Furthermore, the SEC also charged Plutus
Despite struggling to gain momentum above the $2,800 level, Ethereum is currently consolidating above the $2,700 resistance. This indicates a potential bullish move if it manages to clear the $2,785 resistance zone. The price has been trading above $2,700 and the 100-hourly Simple Moving Average, showing signs of stability. A key bullish trend line is