Bitcoin’s price failed to break above the $63,650 resistance zone and has now entered a corrective phase. The price is currently below $62,500 and the 100 hourly Simple Moving Average, indicating a bearish trend. Additionally, a bearish trend line is forming with resistance at $61,850 on the hourly chart of the BTC/USD pair from Kraken.
Galaxy Digital CEO Mike Novogratz recently shared his optimistic outlook on the future of cryptocurrency regulations in the United States, regardless of the outcome of the 2024 presidential election. In a CNBC interview, Novogratz emphasized the importance of bipartisan support for the crypto industry, stating that it cannot afford to have one party in favor
Recent on-chain data is indicating a slowdown in the selling pressure exerted by Bitcoin miners. This has significant implications for the price trajectory of Bitcoin as we progress into the third quarter of the year. According to analysis from the on-chain analytics platform CryptoQuant, the reduction in selling pressure from miners can be attributed to
The Monetary Authority of Singapore (MAS) has recently heightened the risk level of Digital Payment Token (DPT) service providers as part of its latest Counter-Terrorism regulation update. This move, which took effect on July 1, saw the MAS elevate the risk level of DPTs from medium-low to medium-high. The decision was made following a comprehensive
Billionaire investor Mark Cuban has recently called upon the US Securities and Exchange Commission (SEC) to revise Form S-1 to make it easier for token-based companies to register with the regulatory body. This plea comes in the wake of SEC Commissioner Mark Uyeda’s critique of the agency’s approach to crypto disclosure filings, labeling it as
Binance.US, the American arm of the leading global cryptocurrency exchange Binance, is gearing up for the next phase in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to have the case dismissed, the court has ruled in favor of the SEC. The exchange expressed its readiness to proceed with the
In a recent essay titled “Zoom Out,” Arthur Hayes, the co-founder of BitMEX, delved into a detailed analysis of historical economic cycles and their implications for the current financial landscape, particularly focusing on the potential revival of the Bitcoin and crypto bull run. Hayes draws parallels between the economic upheavals of the 1930s-1970s and today’s
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His expertise in technical analysis and market insights has earned him a reputation as a trusted advisor to investors worldwide. From a young age, Aayush showed a natural talent for decoding complex systems and
Ethereum price has recently experienced a downside correction from the $3,520 zone. Despite this, ETH remains stable above $3,420 and there is potential for another increase in the near term. The price failed to surpass the $3,520 zone, leading to a downward correction. However, it is currently trading above $3,420 and the 100-hourly Simple Moving
Bitcoin has been experiencing a period of volatility, with the price dropping below $60,000 before recovering to establish support above $61,000. Despite this recovery, the cryptocurrency has been struggling to break through important resistance levels, such as $63,500, leading to a bearish sentiment in the market. Analyst Alan Santana has recently predicted a significant price