The month of August brought significant volatility to the Bitcoin market, with the cryptocurrency experiencing multiple crashes throughout the month. The first week of August saw a 30% crash in the price of Bitcoin, leading to a market-wide decline that particularly affected altcoins. While there has been some recovery since then, the Bitcoin price has
The Indian government is taking a proactive approach towards regulating the crypto sector by introducing comprehensive regulations. It has been reported that the government is gearing up to release a consultation paper in the coming weeks to solicit feedback from stakeholders. This initiative underscores the government’s commitment to establishing a regulatory framework for digital currencies
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s upcoming token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange is set to begin migrating the Polygon ticker from MATIC to POL starting August 26th. The migration process from MATIC to POL will be completed by Coinbase on behalf
Despite consolidating above the $2,550 resistance, Ethereum is facing challenges in gaining bullish momentum above the $2,650 level. The price is currently trading above $2,600 and the 100-hourly Simple Moving Average, but it is struggling to make a significant move towards higher levels. The hourly MACD for ETH/USD is gaining momentum in the bullish zone,
Bitcoin is currently experiencing a phase of consolidation above the $60,000 zone. This stability is a positive sign for the cryptocurrency market, as it indicates a potential for further gains in the near future. The price of Bitcoin is holding steady above $59,500 and the 100 hourly Simple Moving Average, showing strength in its current
The cryptocurrency market has witnessed several bull and bear cycles over the years, with the Bitcoin price being subjected to these fluctuations. PlanB, a prominent crypto analyst, has conducted an analysis of previous cycle performances to predict the future trajectory of Bitcoin’s price. By examining past trends, PlanB has suggested that the current bull run
Bitcoin experienced a sudden dip below $50,000 on August 5, sending shockwaves through the crypto market. This unexpected downturn led to the liquidation of many positions, causing Bitcoin to plummet to its lowest price in six months. Moreover, the impact of this dip cascaded into other cryptocurrencies, catching many investors off guard. A recent report
German authorities have recently seized $28 million in cash and 13 crypto ATMs as part of a nationwide effort to tackle unlicensed financial activities. Spearheaded by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen oversight in Germany’s rapidly growing crypto market. Working alongside law enforcement and the central bank, the crackdown demonstrates
XRP has recently experienced a 6% surge, sparking speculation among traders about the potential gains that could be realized if it breaks through the key resistance level of $0.60. As the cryptocurrency approaches this critical threshold, traders are anxiously awaiting to see if it can sustain its upward momentum or if it will encounter a
Bitcoin’s price has once again faced a major hurdle as it failed to hold above the crucial $60,000 resistance zone. The leading cryptocurrency started a fresh decline, indicating signs of weakness in the market sentiment. Despite multiple attempts to break through the resistance level, Bitcoin formed a top near $60,200 before facing a downward trend.