Over the weekend, Bitcoin experienced a significant drop in price, falling below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the cryptocurrency in the last two years, causing the market to lose billions of dollars. Despite this, Bitcoin
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Bitcoin is currently experiencing a slow but steady increase in price, hovering above the $56,500 level. However, the key resistance zone at $58,500 is proving to be a major hurdle for any significant bullish momentum. The price has managed to climb above $57,000 and is currently trading above the 100 hourly Simple Moving Average. A
Aayush Jindal is a prominent figure in the world of financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His expertise in technical analysis and chart interpretation has made him a sought-after advisor for investors globally. From an early age, Aayush demonstrated a natural talent for decoding complex systems and patterns,
After experiencing some ups and downs, the Ethereum price seems to be on track for a potential recovery. It is currently hovering above the $3,000 level and the 100-hourly Simple Moving Average, which is a positive sign for the bulls. Additionally, there is a short-term declining channel or a bullish flag forming with resistance near
Katherine Dowling, the Chief Compliance Officer of Bitwise, indicated that spot Ethereum ETFs are nearing approval by the Securities and Exchange Commission (SEC). In a recent interview with Bloomberg on July 9, Dowling mentioned that the SEC has been receptive to discussions regarding new financial products in the cryptocurrency space. She expressed optimism about the
The sentencing dates for senior FTX executives Gary Wang and Nishad Singh have been scheduled for later this year, according to a court docket dated July 9th. Wang, the former Chief Technology Officer and co-founder of the now-defunct exchange, is set to be sentenced on November 30th. Meanwhile, Singh, who served as the former engineering
Paxful Inc. co-founder and former CTO Artur Schaback recently pleaded guilty to conspiracy charges related to the failure to maintain an effective anti-money laundering (AML) program. This negligence, as stated by the Department of Justice, turned Paxful into a hub for various criminal activities such as money laundering, sanctions violations, fraud, romance scams, extortion schemes,
The recent price crash in Bitcoin has raised concerns about the potential for further downside ahead. Jacob Canfield, a trading mentor at Trading Mastery, has highlighted historical patterns in Bitcoin’s pricing trends. Canfield’s analysis suggests that Bitcoin tends to retest yearly open levels, either confirming bearish or bullish trends. Since 2017, each year’s opening price
The Republican Party has taken a significant step in embracing digital assets and blockchain technology by including them in their official platform for the 2024 election. This move reflects a broader shift within the party towards supporting cryptocurrencies, in line with former President Trump’s recent statements. RNC’s Stance on Digital Assets The Republican National Committee’s
Aayush Jindal is a trailblazer in the world of financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His journey towards becoming a renowned expert in the field began at a young age, where he displayed a natural aptitude for deciphering complex systems and patterns. This early curiosity and passion for
