Bitcoin has once again faced challenges in breaking through the $61,500 resistance zone, resulting in a fresh decline towards the $58,000 support level. This recent struggle highlights the volatility and unpredictability of the cryptocurrency market. Analyzing the hourly chart of the BTC/USD pair from Kraken, it is evident that Bitcoin failed to settle above the
Aayush Jindal is a master of financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Known for his exceptional technical analysis skills, Aayush serves as a trusted advisor and senior market expert to investors globally. From a young age, Aayush demonstrated a knack for understanding complex systems and patterns, setting him
Bitcoin, the world’s largest cryptocurrency, is facing a new bearish death cross according to a crypto analyst known as ‘Mags.’ This recent development could potentially lead to further price stalls before any potential upward movement. The death cross pattern in Bitcoin’s daily chart occurs when the 50-day Moving Average (50 MA) crosses below the 200-day
In recent years, the landscape of Bitcoin holders has shifted dramatically. Gone are the days when private individuals dominated the top holder list. Now, institutions and governments have taken center stage, with their holdings far surpassing those of private holders. This shift in ownership highlights the increasing institutionalization of Bitcoin and the growing importance of
The Bitcoin price continues to trade sideways, with uncertainties on the macro side leaving investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. Van de Poppe mentioned in a social media
Growing up in Edo State, Nigeria, alongside my three siblings has been instrumental in shaping my character and worldview. My parents, who have been my unwavering rock throughout my life, have instilled in me values of perseverance and resilience. Their unwavering support in both good and bad times has provided me with a sense of
Australia’s Securities and Investments Commission (ASIC) recently took legal action against the Australia Securities Exchange (ASX) Ltd. regarding misleading statements made about its blockchain trade settlement project. The lawsuit, filed on Aug. 14, accuses ASX of providing false information about the project’s progress and launch timeline. Despite claims made in February 2022 that the project
Brazilian regulators have fined crypto exchange Binance a significant $1.76 million to settle allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM) marks the end of a long year-long investigation into Binance’s activities in Brazil. The regulatory crackdown began in July 2020, when the CVM ordered Binance
Following the recent $235 million hack targeted at Indian crypto exchange WazirX, the platform has made a crucial decision to terminate its asset custody arrangement with Liminal. The exchange announced on August 14 that it will be transferring assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets
Ethereum has shown a steady increase in price, surpassing the $2,650 resistance level. This uptrend in ETH has outperformed Bitcoin, indicating a strong bullish sentiment in the market. The price movement suggests a potential rally towards the $3,000 resistance zone in the near future. Upon analyzing the hourly chart of ETH/USD, it is evident that