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.
Binance, the leading cryptocurrency exchange, made a significant announcement regarding its efforts to prevent over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A staggering $1.1 billion, which accounts for 45% of the total sum, was attributed to withdrawals associated with suspected crypto scams. These preventive
Ethereum price recently encountered a setback as it started a pullback from the $2,680 resistance level. This decline has put ETH at risk of further downsides if it fails to maintain its position above $2,550. Looking at the technical indicators, Ethereum is currently trading below $2,650 and the 100-hourly Simple Moving Average. Moreover, there is
The Nigerian Federal Inland Revenue Service (FIRS) is taking a step towards regulating the rapidly growing crypto sector in the country. This move is aimed at driving economic growth and fostering innovation in the digital assets space. FIRS Executive Chairman Zacch Adedeji stressed the importance of updating Nigeria’s outdated regulatory framework to incorporate new technologies