Bitcoin price has experienced a bearish momentum, dropping below the $60,000 mark. This decline suggests a short-term downtrend for BTC, with potential hurdles around the $62,000 price level. Bitcoin saw a fresh decline from the $62,550 resistance level, leading to a current trading position below $61,500 and the 100 hourly Simple moving average. Key resistance
The Ethereum price has been facing significant challenges recently, with losses extending below the $3,320 support level. The digital currency tested the $3,240 support zone, indicating a lack of strong buying interest to push the price higher. Despite attempts to increase above the $3,380 resistance, Ethereum is still struggling to gain momentum. Bearish Trend Line
Anthony Scaramucci, the founder of SkyBridge Capital, recently made bold predictions about the future of Bitcoin. He stated that if his preferred presidential candidate, Joe Biden, wins the reelection, Bitcoin could reach new all-time highs. Scaramucci believes that the market will see Bitcoin rise to between $170,000 and $250,000 during a second Biden administration. Despite
Coinbase, a leading cryptocurrency exchange, may soon face regulatory challenges due to its compliance with the new FASB accounting rules. These rules, which shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, have raised concerns among accounting experts. The new FASB accounting rules, agreed upon in 2023 and set