Crypto news

Bitcoin’s retracement has expanded, driven by heightened selling pressure, pushing the price toward a pivotal and decisive support region that includes the critical 200-day moving average and the middle boundary of the ascending channel. The price action within this significant range holds paramount importance in shaping Bitcoin’s future trajectory. Technical Analysis By Shayan Bitcoin Price Analysis: The Daily Chart Upon analyzing the daily chart, it becomes evident that...

Hester Pierce, popularly known as “Crypto Mom,” who serves as a commissioner with the United States Securities and Exchange Commission (SEC), believes the agency would not need a lawsuit or a court ruling to approve pending spot Ethereum exchange-traded funds (ETFs) application. During an interview with community-owned crypto media outlet Coinage, Commissioner Pierce insisted the SEC should not need a court to direct its approach as it would treat spot Ethereum ETFs the way...

The beginning of this week saw a decline in the overall market capitalization of cryptocurrencies, dropping from $1.6 trillion to $1.5 trillion, indicating a day-on-day decrease of over 5%. This market downturn did not spare the native token of the Ethereum-based layer-2 Optimistic Rollup network, OP. Due to the broader market decline, OP incurred weekly losses of over 20%. Despite this, a substantial number of token holders maintained a profitable position. Optimism (OP)...

Cryptocurrency lending platform Nexo is seeking damages worth $3 billion from the Bulgarian government after the latter dropped its criminal investigations against the company. According to Nexo, the investigations allegedly cost the company a major soccer sponsorship deal and a stock market listing in the United States. Nexo Sues Bulgaria for $3 Billion Nexo and its subsidiaries filed an arbitration claim with the International Center for Settlement of Investment Disputes...

Taurus, ein reguliertes Wertpapierhaus, freut sich bekannt zu geben, dass fortan auch Privatkunden TDX, den regulierten Marktplatz für digitale Vermögenswerte und seine Finanzdienstleistungen nutzen können, nachdem die Genehmigung durch die FINMA hierfür erfolgt ist. Neben professionellen Kunden können nun auch Privatkunden ein Konto eröffnen und mit digitalen Vermögenswerten und tokenisierten Wertpapieren handeln. Taurus gibt außerdem eine neue Liste von Emittenten bekannt, die TDX als...

In a remarkable show of market performance, the SEI token, hailing from the Sei blockchain, has seen an astronomical rise of over 1,500% since its introduction in August 2023. This surge culminated in the SEI token reaching a zenith price of over $1 on prime exchanges like Gate.io. The Sei blockchain distinguishes itself as a specialized Layer 1 (L1) platform, engineered precisely for the nuances of cryptocurrency trading. Its acclaim lies in its self-proclaimed...

Solana price gained bearish momentum below the $90 level against the US Dollar. The price is now trading below $88 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $85.80 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $90 resistance. Solana price is trading in a bearish zone below $90 against the US Dollar, like Bitcoin....

Bitcoin price started a fresh decline below the $42,000 level against the US Dollar. The price is now trading below $42,500 and the 55 simple moving average (4 hours). There are two bearish trend lines forming with resistance near $40,950 and $41,650 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could face heavy resistance near the $41,500 zone in the near term. Bitcoin price is declining below $42,000 against the US Dollar. BTC might...

According to the Financial Times, European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The decision comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot Bitcoin ETFs from major players like BlackRock, Fidelity, and Invesco, resulting in an influx of new investment options for U.S. investors. Fee Wars Move to the European Market Gary Buxton, Invesco’s Head of ETFs for...

On Monday, the Securities and Exchange Commission (SEC) disclosed that multi-factor authentication (MFA) on its X account was disabled leading up to a false post earlier this month, just before the formal approval of spot Bitcoin ETFs. The incident occurred on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised, and unauthorized posts regarding the approval of spot Bitcoin exchange-traded funds emerged. SIM Swap Attack According to a statement released...