Bitcoin price has remained relatively stable above the $58,500 support zone, showcasing a sense of resilience in the face of market fluctuations. However, the struggle to break through key resistance levels has hindered any significant upward movement in price. BTC has faced challenges in surpassing the $60,200 and $61,500 resistance levels, leading to a stagnant
Ethereum has been experiencing a difficult time trying to break above the $2,600 resistance zone. Despite starting a recovery wave from the $2,400 mark, ETH is struggling to gain momentum in order to make a significant move above this crucial level. One positive aspect is the break above a key bearish trend line with resistance
Recently, Telegram CEO Pavel Durov found himself in legal hot water, being charged with multiple offenses by the Paris Judicial Court. These charges include serious allegations such as complicity in managing an online platform used for illegal transactions by organized crime groups, money laundering, and failure to cooperate with authorities by providing necessary information. As
The recent announcement by OpenSea CEO, Devin Finzer, regarding the Wells Notice received from the US Securities and Exchange Commission (SEC) has sent shockwaves through the NFT community. The SEC’s classification of NFTs as securities has raised concerns about the future of digital art and collectibles. Finzer’s statement expressing surprise at the SEC’s actions highlights
Cryptocurrency exchanges Binance and Bybit have recently teased the launch of new products related to Solana, hinting at a possible entry into the Solana liquid staking market. Binance’s official X account shared a mysterious message “BNSOL” followed by “coming soon,” while Bybit introduced a new product “bbSol” on its platform. The lack of specific details
Bitcoin price has entered a consolidation phase near the $58,500 level after testing the $58,000 zone and experiencing a minor recovery. The current price is below $62,000 and the 100 hourly Simple Moving Average, indicating a bearish sentiment in the market. A major bearish trend line is forming with resistance at $60,200 on the hourly
The recent decline in Ethereum’s price has been significant, with the cryptocurrency trading below $2,550 and the 100-hourly Simple Moving Average. This downward trend has raised concerns among investors and traders alike, as ETH struggles to maintain its value in the volatile crypto market. Despite a minor recovery wave above the $2,420 and $2,440 levels,
Aayush Jindal, a well-respected figure in the financial markets, boasts an impressive career spanning over 15 years in Forex and cryptocurrency trading. Known for his expertise in technical analysis, he has gained recognition as a trusted advisor and senior market expert, guiding investors worldwide with his sharp insights and astute chart analysis. From a young
The Hong Kong Monetary Authority (HKMA) has recently launched the Project Ensemble Sandbox, a groundbreaking initiative aimed at exploring the potential use cases of tokenization across different asset classes and financial applications. This initiative marks a significant step towards integrating tokenization into real-world business scenarios, ultimately reshaping the landscape of digital finance. The Project Ensemble
The recent $234 million hack on the crypto platform WazirX has led to a series of legal battles and uncertainties. WazirX has now entered an initial 30-day moratorium as Zettai Pte, the company behind its operations, filed for it on August 27. This moratorium has triggered an automatic freeze, allowing the firm to draft a
