Bitcoin’s price has been consolidating above the $60,550 support zone, but it is facing challenges in breaking above key resistance levels. The cryptocurrency is currently trading above $61,500 and the 100 hourly Simple Moving Average, indicating some stability in the market. However, the price has failed to recover above the $62,200 and $62,400 levels, making
Keisha Lance Bottoms, the soon-to-be senior campaign adviser for Joe Biden, recently made headlines by stating that crypto is a nonpartisan issue. According to Bottoms, crypto is a nonpolitical and unifying topic that has garnered bipartisan support across the United States. She emphasized that crypto and blockchain technologies are transforming the financial system and empowering
One prominent crypto analyst, Alessio Rastani, has issued a stark warning regarding the future of XRP. Through his recent analysis of the chart, Rastani pointed out troubling signs that suggest XRP is in “trouble.” His chart analysis highlighted specific indicators that signal potential further price declines for the beleaguered crypto token. Rastani’s assessment reveals a
Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA), particularly regarding the misinterpretation of Maximum Extractable Value (MEV). ESMA recently stated that MEV will be considered a form of market abuse under the upcoming MiCA framework. However, Paradigm argues that ESMA’s current
The Bitcoin price has been experiencing a decline once again, following a brief recovery that was seen due to a turnaround in the Spot Bitcoin ETFs net flows. However, just one day later, it appears that the pioneer cryptocurrency has resumed its downtrend, sparking worries among investors. One of the main factors driving this decline
Cardano (ADA) is currently facing a significant downward trend in the cryptocurrency market, with its price edging closer to the crucial support level of $0.3389. This bearish pressure is not unique to ADA, as the entire crypto market is experiencing a similar trend. The decline in ADA’s price is influenced by a combination of macroeconomic
The XRP price is currently forming a triangle structure on its chart, indicating a potential bullish rally on the horizon. This triangle formation is reminiscent of a similar pattern that led to a significant rally seven years ago, suggesting that history may repeat itself. According to a recent analysis on TradingView by crypto analyst TradingShot,
Aayush Jindal has made a significant impact in the world of financial markets, with a rich experience of over 15 years in Forex and cryptocurrency trading. Known for his exceptional skills in technical analysis, Aayush has emerged as a trusted advisor and senior market expert, providing valuable insights to investors globally. His journey to success
Abra, along with its CEO William “Bill” Barhydt, recently reached a settlement with 25 US state regulators for providing crypto trading services without the necessary licenses. The settlement, as announced by the Conference of State Bank Supervisors (CSBS) on June 26, involved the agreement to forego monetary penalties in exchange for $82 million in customer
Cryptocurrency exchanges and digital asset traders in Nigeria are facing increased scrutiny from the country’s Securities and Exchange Commission (SEC). The SEC has issued a 30-day ultimatum for these businesses to re-register, with enforcement actions threatened for non-compliance. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers