The Ethereum price recently experienced a correction in gains, leading it to trade below the $3,300 level. ETH is currently consolidating and encountering obstacles near the $3,300 resistance zone. The downside correction began from the $3,400 resistance level, causing the price to drop below $3,330 and the 100-hourly Simple Moving Average. Additionally, a key bullish
Recently, the US Securities and Exchange Commission (SEC) has taken legal action against Nader Al-Naji, the mastermind behind the BitClout blockchain protocol. The SEC accused Al-Naji of engaging in a fraudulent scheme that involved the unauthorized sale of crypto asset securities, duping investors out of more than $257 million through deceptive practices. Additionally, the US
Goldman Sachs CEO David Solomon recently shared his perspective on Bitcoin, stating that while it could “very well” serve as a store of value similar to gold, he remains cautious about the flagship cryptocurrency. Solomon emphasized that he has never been a critic of Bitcoin, but he still sees it primarily as a speculative investment
Bitcoin (BTC) is currently facing increased bearish pressure, with technical indicators pointing towards a potential drop to the $63,316 mark. This downward trend is influenced by factors such as weakening momentum and decreasing trading volume. Investors and analysts are closely monitoring these developments, as they may indicate further declines and set the stage for BTC
The landscape of cryptocurrency trading is witnessing a significant shift, with decentralized exchanges (DEXs) now boasting their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was recently highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is at an all-time high relative to CEX. The surge in DEX
Bitcoin open interest serves as a crucial metric in understanding how investors perceive the cryptocurrency market and the positions they are taking. The recent surge in Bitcoin open interest to a new all-time high has significant implications for the market, potentially signaling risks ahead. After experiencing a decline in open interest following a previous all-time
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Renowned for his exceptional skills in technical analysis, Aayush is a trusted advisor to investors worldwide. His journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous
After hitting resistance near the $70,000 mark, Bitcoin price has started a downward correction. The current support levels are crucial in determining whether the price will extend its losses or bounce back. Looking at the technical indicators, the hourly MACD is gaining momentum in the bearish zone. Additionally, the hourly RSI for BTC/USD has dipped
Ethereum has been facing challenges in clearing the $3,400 zone and has experienced a correction in its gains. Despite this, ETH is holding steady near $3,280 and there is a possibility of another increase in the near term. The price correction began after reaching the $3,400 resistance level, currently trading near $3,280 along with the
The recent surge in support for digital assets, particularly Bitcoin, has brought about a shift in global attitudes towards cryptocurrency. Former President Donald Trump’s vow to make the US a leading force in the crypto industry has raised eyebrows worldwide. This comes at a time when China, once a powerhouse in Bitcoin mining and trading,