Crypto news

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The Bitcoin price has picked up some steam throughout the past few minutes, and the primary reason for this seems to be the fact that Jerome Powell is testifying before Congress. The  Chairman of the US Federal Reserve, Jerome Powell, is testifying before congress for the second day today. Addressing the House Financial Services Committee in remarks, the Chairman admitted that inflationary pressure is higher than they had previously anticipated. … inflationary pressures are...

After forming a bearish three-drives reversal pattern, the price has recently dropped below the neckline, delivering a significantly bearish signal for the short-term outlook. As of now, BTC faces an important support region at $21K. Technical Analysis By Shayan The Daily Chart As expected, the three-drives pattern resulted in a trend reversal and a decline in the price. Bitcoin was recently rejected below the neckline and is consolidating with very little momentum. However,...

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Biden and his nation-hating associates have been accused of secretly trying to ban crypto through an Obama-era initiative known as Operation Choke Point 2.0. The plan was designed to cut off any “undesirable” industries from banking services. This includes crypto, which is presently unregulated by the federal government. Biden Shows His Hypocrisy Surrounding BTC… Again Biden has been a complete crypto hypocrite from day one. He and his constituents collected tons of...

Solana lost its key support at $20 and is now accelerating down. Solana Price Analysis Key Support levels: $17, $15 Key Resistance levels: $20, $23 SOL failed to maintain its price within the descending triangle, and with the support at $20 turned into resistance, it’s currently in search of support. The key levels to watch are found at $17 and $15, with the latter having the highest confidence. Chart by TradingViewTrading Volume: The sustained sell volume in the past week...

Glassnode has detected the movement of approximately 40,000 Bitcoins tied from wallets tied to seizures conducted by US law enforcement. The transfers have sparked concerns about a sell-off primarily because such an activity could point towards a potential sale that could put significant pressure on Bitcoin’s price. Bitcoin is currently facing significant sell pressure after dropping below a critical area of support to $22,018. Movement of Seized Bitcoins The transfers were...

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Brian Armstrong – the man in charge of Coinbase, arguably the biggest and most popular digital currency exchange in the United States – has warned that the Securities and Exchange Commission (SEC) is likely to crack down on a process called staking, which could wind up hurting tokens such as ETH. Coinbase Says No Staking Could Be Devastating In a recent statement, Armstrong said that should the SEC decide against the practice of staking for retail investors, this could...

Amazon, the world’s largest e-commerce company, is reportedly preparing to enter the world of non-fungible tokens (NFT) with the launch of its own Marketplace, reportedly scheduled for April 24th. According to Yahoo Finance, the new ‘Amazon NFT Marketplace’ or ‘Amazon Digital Marketplace’ will offer 15 NFT collections that will initially be available to customers in the United States. The company is expected to expand the service to other countries in the future. The reports...