Crypto news

Over the past few days, ETH has been trading inside a descending wedge formation. The next significant price move will likely take place upon a breakout of the pattern. Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has managed to hold above the key support at $3,600. Since then, the price is heading towards the upper boundary of the descending wedge (marked blue on the following chart), which will likely act as resistance. As of now, this level...

Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche. Bitcoin Stands Above $47K As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as CryptoPotato reported on December 31st. However, the landscape changed quite quickly in the following hours....

[PRESS RELEASE – Geneva, Switzerland, 31st December 2021] Ariane Capital notes strong growth throughout 2021, paving the way for bigger and better things in 2022 and beyond. Navigating the crypto waters at an early stage allowed the team to build up years of expertise and remain ahead of the market. As a result, its products have proven very powerful and continue to provide investors with optimal returns regardless of market conditions. Mainstream institutions and investors...

Nayib Bukele, who made history last year by becoming the first President to adopt bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. It’s safe to say that El Salvador is the most open country in terms of BTC adoption as it voted for the asset to become legal tender in 2021. Following this historic move, the nation and its pro-bitcoin President have continued...

Israel’s authorities continue their efforts in order to clamp down on individuals and companies supposedly related to funding terrorism. In the latest example, they seized just over $800,000 in digital assets from such a firm. According to a recent local report, Defense Minister Benny Grantz has signed the order for the seizure. The coverage indicated that the total amount was NIS 2.6 million (worth approximately $840,000) in undisclosed crypto assets. The funds were...

The United Arab Emirates (UAE) is going to be hard on crypto scammers as it works to end all fraud in the industry. Regulators have stated that anyone taking part in a crypto scam of any kind will face up to five years in prison and be required to pay a hefty fee. This new law is set to take effect tomorrow on January 2, 2022. The UAE Works to Handle Crypto Scams 2021 was arguably the year for crypto. Bitcoin, for example, rose to a whopping $68,000 per unit – the...

The hip hop megastar Marshall Mathers, better known for his stage name – Eminem, has become the latest super celebrity to purchase a Bored Ape NFT. Bored Ape #9055. Source: TwitterAs CryptoPotato reported earlier, NFTs from the Bored Ape Yacht Club (BAYC) collection have seen their floor price increase by 35% while that of other popular collections decreased in turn. Part of the reason for this might be the fact that many super celebrities such as Steph Curry have jumped on...

Options Market Analysis After bitcoin dipped to $42K on December 4th on Omicron fears, its price could not move higher than $52k over the last month. BTC is now trading at $47k. Short-dated ATM-implied volatility peaked at 94 and is currently sitting at 66. Source: Laevitas.chCalls for a $50K strike price have the highest open interest for 2,3 & January 7th expiries. Lots of calls were sold for these expiries over the last few days. It seems that low demand in the spot...

Narendra Modi – the prime minister of India – has emerged to let crypto traders know that while the nation may have delayed its regulatory decision, it still has every intention of ensuring that crypto presents a safe environment for everyone within the country’s borders. India and Crypto… Where Are Things Headed? Not long ago, discussions emerged saying that bitcoin and crypto were no longer on the verge of being banned in India, and thus the country was instead going...

2021 was indeed an eventful year for the cryptocurrency industry. Many milestones were achieved within the last 12 months. We saw an influx of institutional investors adopting crypto assets, especially Bitcoin, as a hedge against inflation. Non-fungible tokens (NFTs) became a thing for celebrities and retail investors, with billions of dollars traded in exchange for different digital collectibles. While the landmark growth of the industry was championed by different players,...