Recent reports from local media sources have indicated that the Indian government is gearing up to introduce comprehensive regulations for the cryptocurrency sector. The first step in this plan involves the release of a consultation paper in the upcoming weeks to gather feedback from various stakeholders. This initiative underscores the government’s commitment to creating a
The Ethereum price is currently consolidating above the $2,550 resistance level. Despite attempts to break above the $2,650 resistance zone, ETH has struggled to gain significant bullish momentum. The price is currently trading above $2,600 and the 100-hourly Simple Moving Average, indicating a certain level of stability in the market. A short-term contracting triangle is
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange detailed that it would start migrating the Polygon ticker from MATIC to POL on Aug. 26. Coinbase plans to complete the migration on behalf of users in the coming
Bitcoin, the leading cryptocurrency, has experienced numerous bull and bear cycles over the years. These cycles have revealed a consistent trend that analysts often use to predict the future price movements of the coin. In a recent analysis, crypto expert PlanB pointed out that the current Bitcoin bull run may not be over yet. By
Bitcoin price has been holding steady above the $60,000 zone, showing signs of consolidation after recent gains. The bulls are eyeing a potential move above the resistance zone at $62,000. This stability in price indicates a strong support level for BTC. The hourly chart of the BTC/USD pair from Kraken reveals a key bullish trend
The recent dip in Bitcoin’s price that caused it to fall below $50,000 took many investors by surprise. This sudden downturn was largely driven by short-term holders who overreacted to the initial decline in price. Short-term holders, defined as those who hold onto their cryptocurrency assets for a relatively brief period, tend to panic sell
Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully thwarted over $2.4 billion in potential user losses from scams and fraud during the first seven months of 2024. This substantial amount of prevented losses is a testament to Binance’s commitment to user protection and security. The exchange revealed that
XRP has recently experienced a significant surge of 6%, sparking speculation among traders about potential gains if it breaks through the key $0.60 resistance level. The cryptocurrency’s price currently sits at around $0.6056, with a market capitalization exceeding $33 billion and trading volume surpassing $1.6 billion. These figures represent a significant 7.10% increase in market
Bitcoin price has recently struggled to maintain momentum as it faced a fresh decline from the $60,000 resistance zone. This decline has caused BTC to move lower and it might test the $57,650 support zone in the near term. The price is currently trading below $58,800 and the 100 hourly Simple Moving Average, indicating a
The Ethereum price recently faced a pullback from the strong resistance level at $2,680. This decline has put ETH at risk of further downside if it does not manage to hold above $2,550. The price is currently trading below both $2,650 and the 100-hourly Simple Moving Average, indicating a bearish trend in the short term.