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Read More »Bitcoin Price Below $43K as BTC Hashrate Down due to Protests in Kazakhstan
Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...
Read More »EOS Price Analysis: Bears In Control Below $3
EOS price started a fresh decline from the $3.30 zone against the US Dollar. The price is now trading below $3.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $3.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear break below the $2.75 support. EOS price is showing bearish signs below $3.00 against the US Dollar, similar to bitcoin. The price...
Read More »Litecoin (LTC) Price Analysis: Bearish Below $150
Litecoin price declined sharply below the $150 zone against the US Dollar. LTC price is now trading below $150 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $145 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $130 support. Litecoin price is gaining bearish momentum below $140 against the US Dollar, similar to bitcoin. LTC...
Read More »Bitcoin Plunges Below $43K As Wall Street Tumbles
The crypto market is tanking following a negative day on Wall Street, taking Bitcoin’s price to lows it hasn’t seen in 3 months. Hours ago, the primary cryptocurrency was trading in the upper $46k range. Beginning at around 19:40 UTC, its price collapsed down to $45k. Prices continued to fall over the next two hours, with prices now below $43k at the time of writing. The event hasn’t been kind to bulls. Coinglass data shows $500 million in crypto liquidations having taken...
Read More »El Salvador’s Government Prepares Laws Covering Bitcoin Bonds
In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and ensure legal structure and certainty to anyone to wishes to purchase a Bitcoin bond. The Finance Minister,...
Read More »SEC Delays NYDIG’s Spot Bitcoin ETF Proposal by Two Months
The United States regulatory watchdog – Securities and Exchange Commission (SEC) – has delayed the ruling on NYDIG’s proposal for a spot bitcoin exchange-traded fund by 60 days. The original deadline was January 15th. If allowed, NYDIG’s Bitcoin ETF will be the first-ever spot Bitcoin ETF in the country. According to the official filing, the SEC said that it will decide whether to approve the NYDIG’s proposal by March 16. The agency explained that it needs to designate a...
Read More »Crypto Regulation in India Is Still Unclear
India has fallen behind on its plans to regulate cryptocurrency. The winter session of Parliament was supposed to see a new bill introduced that would recognize crypto as a new asset class that could be regulated and monitored. However, this has not yet occurred and thus India’s digital currency future is still in the clouds. India and Crypto Regulation: What’s Happening? The good news is that regulatory officials have stated that at this stage, outright banning crypto...
Read More »Shark Tank’s Kevin O’Leary: NFTs Could Become Bigger Than Bitcoin
The prominent TV personality – Kevin O’Leary – believes non-fungible tokens could emerge as a “much bigger, more fluid market” than bitcoin. His prediction comes as a surprise since last summer, the Canadian businessman stated that nothing has the chance to replace the primary cryptocurrency. O’Leary’s Most Recent Forecast Kevin O’Leary, a.k.a Mr. Wonerful, is another prominent figure who has displayed mixed feelings towards the cryptocurrency industry over the years. His...
Read More »Bitcoin’s Sideways Action Continues, But Bearish Signs Pop (BTC Price Analysis)
Bitcoin’s sideways action continues. Since 2022 began, the bitcoin price has been trading inside a tight range of roughly $2K. This is very untypical for Bitcoin and usually ends with a massive move in either direction. Option Market Analysis While the bitcoin market is showing weakness, the BTC options market has seen a sharp open interest decline after 2021‘s most significant options expiry. The historical volatility level of bitcoin dropped sharply and is currently at...
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