Bitcoin price has continued to plummet, breaking below the $64,500 level. Despite a slight correction in losses, the bears are firmly in control and are aiming for further declines in the market. Bitcoin remains in a bearish zone, trading below the $65,500 mark and the 100 hourly Simple Moving Average. Additionally, a connecting trend line
Ethereum has shown promising signs of a fresh increase from the $3,350 support zone. This marks a significant improvement in the performance of ETH compared to Bitcoin. With this upward trend, Ethereum might aim to climb further towards the $3,650 resistance level. The cryptocurrency has gained momentum from the crucial $3,365 support zone, demonstrating strength
The US Securities and Exchange Commission (SEC) has recently expressed concerns regarding Circle’s stablecoin, USDC, as the company moves forward with plans to go public through a multi-billion dollar initial public offering (IPO). Regulatory documents obtained by Barron’s on June 18 revealed that the SEC has raised issues related to the potential classification of USDC
Brazil’s Special Department of Federal Revenue is taking proactive measures to ensure that foreign crypto exchanges are complying with local regulations. The tax department will be collecting information from these exchanges to understand their operations, interactions with local service providers, and compliance with regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
Recently, the Financial Supervisory Service (FSS) of South Korea clarified its role in the removal of digital assets from local cryptocurrency exchanges. Reports surfaced on June 17 alleging that the FSS had directed registered exchanges such as Upbit, Bithumb, and Gopax to assess various tokens on their platforms. This directive was in line with the
The recent trends in the crypto market have shown a significant shift with outflows dominating after a period of consecutive inflows. This shift has raised concerns among investors and analysts about the potential impact on various digital assets. One of the key observations from the data provided by CoinShares is the significant outflows in Bitcoin
Aayush Jindal is not just another expert in the world of financial markets. His expertise spans over 15 years in the realms of Forex and cryptocurrency trading, making him a luminary in the field. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide.
FLOKI, a Shiba Inu competitor, has seen significant growth throughout the year, with its price more than doubling in 2024. This surge has caught the attention of many investors who have flocked to the meme coin. However, crypto analyst iMoneyTeam has a different outlook on the future of FLOKI, predicting a massive price crash for
Bitcoin price has taken a hit once again, extending its losses and dropping below the $65,000 mark. The bearish trend continues, with BTC struggling to make significant gains. The price is currently below $66,000 and the 100 hourly Simple Moving Average, indicating a lack of bullish momentum. There is a connecting trend line with resistance
David Hirsch, the SEC crypto asset enforcement chief, recently announced his departure from the agency after serving for almost nine years. During his time at the agency, Hirsch led the Crypto Assets and Cyber Unit team and oversaw numerous cases related to cryptocurrencies. Hirsch started leading the SEC’s Crypto Asset and Cyber Unit in the
