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
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that has significant implications for the use of digital currencies within the state. This bill prohibits central bank digital currencies (CBDCs) and aims to protect crypto mining activities. One of the key aspects of the bill is that governing authorities are now prohibited from accepting
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
Kanav Kariya, the President of Jump Crypto, recently announced his resignation in the midst of investigations by the Commodity Futures Trading Commission (CFTC). This move has raised questions and concerns within the digital assets market, particularly regarding the future direction of Jump Crypto. Jump Crypto, a digital asset arm of the Chicago-based trading firm Jump,
Bitcoin is currently facing a significant decline in its price, approaching the critical $60,000 mark. The market sentiment has turned bearish due to a combination of macroeconomic factors and increased selling pressure. This shift has caused anxiety among investors and traders as Bitcoin struggles to maintain higher levels. Analyzing Bitcoin’s current price action on the
Aayush Jindal is a prominent figure in the financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His journey to expertise began at a young age, where his natural aptitude for deciphering complex systems and patterns set him on a path towards becoming one of the foremost authorities in the industry.
Aayush Jindal is a prominent figure in the financial markets, with an impressive track record spanning over 15 years in the fields of Forex and cryptocurrency trading. His expertise in technical analysis has established him as a trusted advisor and senior market expert, guiding investors worldwide through the complexities of modern finance with his sharp
The price of Bitcoin is facing a potential downturn, with a possibility of dropping to as low as $52,000. This forecast comes from a crypto analyst, Justin Bennett, who highlighted the breaking of key support levels as a crucial indicator of a shift from a bullish to a bearish position. The current price trend shows
The recent performance of the Bitcoin price over the last week has left much to be desired, with the leading cryptocurrency facing challenges once again. This downward trend has not been unique to Bitcoin alone, as many other large-cap assets have also experienced significant losses during this period. The data from recent price action indicates