Ripple’s XRP has seen a major decline against the US Dollar in the past few days, dropping below the $0.680 and $0.650 support levels. The price has tested the key support at $0.412, but the bulls have been active above this level.A crucial bullish trend line is forming with support near $0.490 on the daily […]
In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discussed Bitcoin’s recent drop to $26,000. Derivatives market analysis showed that options and futures metrics lacked signs of professional traders going bearish, and while this doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction.Pechman presented a […]
IOTA is collaborating with Taiwan’s government to learn about decentralized identity (DID) from European counterparts for enhancing state technology. The Taiwan community holds a strong fondness for IOTA, as the government is looking to work along with IOTA in implementing decentralized ID solutions. IOTA is also working with the European Union on its EDIC digital […]
The FBI has recently drawn attention to a significant sum of Bitcoin, amounting to approximately $40 million, that is believed to be linked to North Korean cyber activities. Several of the identified bitcoin addresses are thought to be connected to the DPRK-affiliated group known as TraderTraitor, Lazarus Group and APT38, and are reported to hold […]
XRP has recently erased all gains it had gained due to Ripple Labs’ partial victory in its lawsuit with the U.S. Securities and Exchange Commission (SEC). This has led to speculations that the SEC-induced momentum may be over. The cryptocurrency has lost more than 44% of its gains since the ruling and continued in instability […]
Dave the Wave, a popular crypto analyst, believes that Bitcoin (BTC) is still on track for a major bull cycle despite last week’s sudden price drop. He suggests that short-term indicators are not reliable in predicting BTC’s price given the current market conditions. Dave the Wave uses his own version of logarithmic growth curves (LGC) […]
The U.S. cryptocurrency industry has seen a surge in tension between the Securities and Exchange Commission (SEC) and Coinbase, one of the leading representatives of the industry. In response, a prominent industry representative has stepped in to help ease the situation.The SEC has been investigating Coinbase for potential violations of securities laws. Coinbase has denied […]
Dogecoin ($DOGE) has seen a sharp drop in its value over the past ten days, with the coin’s price now 25% lower than its July high. Technical analysis from ChatGPT suggests that the coin could drop further, potentially to $0.046 in the near term. Other meme coins, such as Wall Street Memes ($WSM) and Sonik […]
BlockFi, a bankrupt crypto lender, is attempting to recover assets to settle its customers as part of its bankruptcy proceedings. The company is standing firm that its customers should take priority over fellow bankrupt company FTX. BlockFi has objected to FTX’s claims on several grounds, including the fact that it alleges that the latter’s claims […]
Bitcoin prices dropped significantly last week due to a deleveraging event, causing a large number of short-term holders to take a serious toll. According to Glassnode, the short-term holder cost basis has historically offered support during uptrends, but recent data suggests that a significant portion of the supply is currently being held at an unrealized […]
