Bitcoin (BTC)

Bitcoin currently gives a ‘calm before the storm’ feeling, as the price has had minimal changes in the last few days. However, there are some interesting levels to watch in the short term. Technical Analysis By: Edris The Daily Chart As seen on the daily chart, the price has observed very small changes in the last few days. Presently, Bitcoin is consolidating in a very tight range at the $20K support zone. The 50-day and 100-day moving average lines are located at the $22K...

The United Kingdom’s Office of Financial Sanction Implementation (OFSI) has included “cryptoassets” in a list of assets that must be frozen if they belong to a person or company who is facing sanctions. These developments come as the list of sanctioned Russian entities continue to increase. Eye on Sanctioned Accounts, Breaches As per the new rules, crypto exchanges will face criminal charges if they “fail to report clients designated for sanctions.” The exchanges must...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Congressman Brad Sherman, who represents California’s San Fernando Valley in the U.S. Congress, is a keen critic of the cryptocurrency industry. In his view, it undermines the dominance of the American dollar and is a threat to the country’s national security. However, Sherman does not believe the government can prohibit the asset class “anytime soon” since there is too much money and power behind it. Crypto Should Have Been Banned Years ago Unlike some other American...

Stellar lumen price started a fresh decline from the $0.114 resistance zone against the US Dollar. XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1080 resistance zone. Stellar lumen price is trading below $0.1080 against the US Dollar,...

Ripple price started a fresh decline from the $0.3600 resistance against the US dollar. The price is now trading below $0.350 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.3320 and $0.3450 resistance levels. Ripple price is consolidating above $0.300 against the US Dollar,...

Zip Mex – a cryptocurrency exchange that operates in both Thailand, Australia, and Singapore – has announced that customers can once again access and withdraw their bitcoin and Ethereum holdings. This means approximately 60 percent of the company’s clients can once again enter their crypto accounts and extract their money. Zip Mex Says Customers Can Withdraw BTC, ETH The announcement follows news of ongoing withdrawal halts initiated by executives as they deal with...

Mike Novogratz and Galaxy Digital have always been there to support bitcoin. There’s no doubt about this, but has bitcoin been able to support them? Following the company’s recent Q2 reports, it appears BTC is abandoning both figures. Mike Novogratz Is Feeling the Burn Galaxy Digital is reporting that it lost more than half a billion in quarter two of 2022, nearly triple its losses for the same period in 2021. The company – which has become so tied to bitcoin – has...

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...