Bitcoin, the leading cryptocurrency, has experienced numerous bull and bear cycles over the years. These cycles have revealed a consistent trend that analysts often use to predict the future price movements of the coin. In a recent analysis, crypto expert PlanB pointed out that the current Bitcoin bull run may not be over yet. By
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Bitcoin price has been holding steady above the $60,000 zone, showing signs of consolidation after recent gains. The bulls are eyeing a potential move above the resistance zone at $62,000. This stability in price indicates a strong support level for BTC. The hourly chart of the BTC/USD pair from Kraken reveals a key bullish trend
The recent dip in Bitcoin’s price that caused it to fall below $50,000 took many investors by surprise. This sudden downturn was largely driven by short-term holders who overreacted to the initial decline in price. Short-term holders, defined as those who hold onto their cryptocurrency assets for a relatively brief period, tend to panic sell
Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully thwarted over $2.4 billion in potential user losses from scams and fraud during the first seven months of 2024. This substantial amount of prevented losses is a testament to Binance’s commitment to user protection and security. The exchange revealed that
XRP has recently experienced a significant surge of 6%, sparking speculation among traders about potential gains if it breaks through the key $0.60 resistance level. The cryptocurrency’s price currently sits at around $0.6056, with a market capitalization exceeding $33 billion and trading volume surpassing $1.6 billion. These figures represent a significant 7.10% increase in market
Bitcoin price has recently struggled to maintain momentum as it faced a fresh decline from the $60,000 resistance zone. This decline has caused BTC to move lower and it might test the $57,650 support zone in the near term. The price is currently trading below $58,800 and the 100 hourly Simple Moving Average, indicating a
The Ethereum price recently faced a pullback from the strong resistance level at $2,680. This decline has put ETH at risk of further downside if it does not manage to hold above $2,550. The price is currently trading below both $2,650 and the 100-hourly Simple Moving Average, indicating a bearish trend in the short term.
Recently, German authorities confiscated $28 million in cash and 13 crypto ATMs in an effort to crack down on unlicensed activities within the country’s rapidly expanding crypto market. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this coordinated operation aimed to strengthen oversight and mitigate the risks associated with unregulated financial activities involving digital assets.
The recent market volatility has sparked a wave of optimism among investors and traders regarding major cryptocurrencies like XRP. Xaif, a well-known crypto expert and trader, has made a bold prediction about XRP’s future price action. According to Xaif, XRP is preparing for a significant breakout, with a target price set at $150 in the
The Nigerian Federal Inland Revenue Service (FIRS) is making moves to introduce legislation aimed at taxing the rapidly growing crypto sector. This decision comes as part of a larger effort to modernize Nigeria’s regulatory framework and encourage economic growth and innovation within the digital asset space. During a session with the National Assembly’s Finance Committees,