According to a crypto analyst known as ‘Trader Tardigrade’, Bitcoin is currently forming a technical pattern called the “Cup with Handle” chart pattern. This pattern typically indicates a bullish trend, with the price movement resembling a cup followed by a handle. The analyst suggests that if Bitcoin breaks above the $68,000 level, it could potentially
Two prominent crypto companies, Coinbase and Revolut, experienced starkly different outcomes at the hands of UK authorities in recent developments. The Financial Conduct Authority (FCA) in the UK levied a hefty fine of £3.5 million on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for breaching Anti-Money Laundering regulations. The FCA highlighted that CBPL
Growing up in Edo State, Nigeria, Godspower Owie was fortunate to be surrounded by a supportive family that served as the foundation of his success. With three siblings who served as his idols and mentors, Godspower learned valuable life lessons that shaped his worldview and ambitions. His parents, in particular, played a crucial role in
The latest trend in the Bitcoin market has seen a sharp decline in price, with BTC dropping below the $66,500 support level. The cryptocurrency is currently struggling to hold above $65,500 and the 100 hourly Simple Moving Average, indicating a bearish momentum. A key indicator of the bearish trend is the break below a key
Ethereum price has recently experienced a significant decline, starting from the $3,500 resistance zone. The bearish trend has resulted in an 8% drop, with potential for further decline towards the $3,120 support level. The hourly MACD for ETH/USD is currently gaining momentum in the bearish zone, indicating a strong downward trend. Additionally, the hourly RSI
The crypto industry has been facing significant challenges under the current administration, as discussed by Ben Horowitz and Marc Andreessen of Andreessen Horowitz (a16z). They openly criticized the Biden-Harris Administration for its handling of the crypto industry, pointing out regulatory ambiguities that are stifling innovation and growth in the sector. One of the key issues
The recent bill passed by the Russian State Duma legalizing Bitcoin mining and allowing the use of crypto for international trade marks a significant shift in the country’s approach to digital assets. This move is aimed at addressing the challenges faced by Russian banks due to regulatory constraints and international sanctions. The legislation not only
Despite multiple partial victories against the United States Securities and Exchange Commission (SEC), the XRP price continues to struggle to reach the coveted $1 mark. However, bulls remain optimistic due to the appearance of a Golden Cross formation on the chart. This formation, as pointed out by a pseudonymous crypto analyst, indicates a bullish trend
After a decade-long effort to reimburse those affected by the infamous Mt. Gox hack in 2014, crypto exchange Bitstamp has announced that it has started the process of returning recovered digital assets to creditors. This marks a significant milestone in the ongoing saga of Mt. Gox’s collapse, providing hope for the thousands of former users
Scott Matherson is more than just a crypto writer at NewsBTC; he is a versatile individual with a unique ability to capture the pulse of the market. His expertise goes beyond merely reporting on market trends, as he delves into the intricacies of the crypto world with precision. Unlike many other writers in the crypto
