The recent plummet in Bitcoin price can be attributed to various factors, one of them being the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, accounting for 0.68% of the total Bitcoin supply, has sparked anxiety within the market. Large transfers of 52,633 BTC in recent hours indicate that
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The Ethereum price continues to remain in a bearish zone, struggling to break above the $3,250 resistance level. Despite multiple attempts to recover, ETH has failed to gain momentum and has instead plummeted below the $3,000 support level. The recent dip even tested the $2,850 zone, showing the ongoing struggle of Ethereum to maintain a
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The Bitcoin price recently attempted to recover above the $61,500 resistance zone but unfortunately failed. This failure led to another decline in BTC’s value, with predictions pointing towards a possible dive towards the $55,000 mark. Current Price Movement As of now, Bitcoin is trading below $60,000 and the 100 hourly Simple Moving Average. There is
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A crypto analyst recently made waves in the industry by predicting a substantial rally for XRP, the native token of the XRP Ledger (XRPL). This analyst, known as Tylie Eric, expressed great optimism about XRP’s potential to reach new all-time highs in a post on X (formerly Twitter) in June. He shared a price chart
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The launching of spot Ethereum ETFs has been a hot topic in the financial market, with various experts providing their predictions. Bloomberg ETF analyst James Seyffart shared his prediction on social media, indicating a potential launch around July 15. However, he admitted to having low confidence in this prediction due to the unpredictable nature of
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Bitcoin (BTC) has been facing multiple tests of the $60,000 support level, raising questions about the future trajectory of the cryptocurrency. A crypto analyst known as ‘Dana Crypto Trades’ recently shared insights about Bitcoin’s current price action and the potential for a significant shift in momentum. According to Dana Crypto Trades, Bitcoin has completed its
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The Financial Supervisory Service (FSS) of South Korea has recently announced its plans to tighten oversight of cryptocurrency trading platforms under its jurisdiction. The aim behind this move is to eliminate fraudulent transactions within the crypto market. In a notice released on July 4, the regulator emphasized the need for local exchanges to establish a
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