On September 6, the price of Bitcoin fell below $54,000, triggering a wave of selling among traders in the crypto market. This drop in price was influenced by macroeconomic developments that presented a pessimistic outlook for Bitcoin. Bitcoin’s price decline can be attributed to the release of a weak job report for the month of
PEPE is currently facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question arises as to whether the bulls can step in
Opeyemi is not just a writer, but a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become completely engrossed in this unique realm for over two years. He takes pride in his ability to create compelling pieces that demystify the complexities of blockchain technology and provide
The recent market crash in the Bitcoin and crypto industry has caused widespread panic among investors, leading to a sharp decline in prices. This market turmoil has resulted in the Fear & Greed Index plummeting into Extreme Fear territory, indicating that investors are hesitant to invest in the market. However, this negative sentiment could potentially
Ethereum price is currently attempting to recover above the $2,380 level after experiencing a recent decline. The cryptocurrency must surpass the $2,440 resistance in order to continue its upward momentum in the near future. Technical Analysis As we analyze the hourly chart of ETH/USD, we can see that Ethereum is trading below $2,440 and the
Shareholders of Coinbase, the largest US crypto exchange, filed a class action lawsuit against the company, accusing it of downplaying the likelihood of being sued by the US Securities and Exchange Commission. The lawsuit, filed on May 10, 2023, alleges that Coinbase and its top executives defrauded investors by painting an unrealistic picture of the
Recently, Binance announced that its co-founder, Changpeng Zhao (CZ), is permanently barred from managing the crypto exchange. Initial reports suggested that CZ could potentially return to Binance after three years, but CEO Richard Teng clarified that the ban is indeed permanent. This means that CZ can never resume a leadership role at the platform, despite
In a recent statement, Arthur Hayes, the co-founder of BitMEX, expressed a pessimistic view on the immediate future of the Bitcoin price. Despite not providing explicit reasons for his prediction, Hayes hinted at a potential drop in the price of Bitcoin to below $50,000 in the coming weekend. His decision to take a short position
Born and raised in Edo State, Nigeria, I had the privilege of growing up with three siblings who served as my idols and mentors. My parents, the backbone of my story, stood by my side through thick and thin, providing unwavering support in all aspects of life. It was three years ago when I was
Bitcoin and Ethereum have experienced a rough start to September, with both cryptocurrencies seeing price declines. This bearish sentiment can be attributed to several macroeconomic factors, including the effects of the Yen carry trade. The recent surge of the Yen against the US dollar has led investors to sell riskier assets like Bitcoin and Ethereum