Markets

European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” in their latest blog post. The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means of investment or payment. ECB Advisors Challenge Bitcoin’s Validity While the Bitcoin...

Bitcoin’s price has entered a sideways consolidation phase following a notable surge toward the $52K resistance level, leaving market participants uncertain about its next direction. However, a short-term correction seems likely. Technical Analysis By Shayan The Daily Chart Analysis of the daily chart reveals a prolonged bull market for Bitcoin, characterized by its upward movement within a clearly defined ascending channel. This pattern indicates strong buyer dominance,...

Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company’s earnings report released on Feb. 22. Block’s Bitcoin Revenue Soars to $2.5 Billion The report revealed that Block’s total Bitcoin revenue for the fourth quarter amounted to $2.5 billion, reflecting a 37% increase year-over-year. Similarly, full-year...

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week. Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading...

TL;DR UNI surged 50% following a proposal for a fee reward mechanism for token holders. This rise contrasts with the broader market’s consolidation. UNI – the native token of Uniswap Protocol – skyrocketed by over 50% in minutes, reaching a nearly two-year high of approximately $11. UNI Price, Source: CoinGeckoThe increase happened shortly after the Uniswap Foundation (UF) proposed the creation of a fee mechanism that rewards UNI holders who have staked and delegated their...

Die Binance App ist unglaublich vielfältig: Bitcoin-Börse, News-Channel, P2P-Markt, Lernplattform, Trading uvm.Der Binance P2P-Markt, eine Peer-to-Peer-Handelsplattform von Binance, der weltweit führenden Kryptowährungsbörse, hat sich in der Krypto-Community aufgrund seiner einzigartigen Eigenschaften und Vorteile einen Namen gemacht. Dieser Markt ermöglicht es Benutzern, Kryptowährungen direkt miteinander zu handeln, ohne die Notwendigkeit eines zentralen Zwischenhändlers. Diese direkte...

Bitcoin cash price started a downside correction from the $294 zone against the US Dollar. The price is now trading below the $272 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $266 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $255 and $250 support levels. Bitcoin cash price is declining from the $294 zone against the US...

EOS price started a downside correction from the $0.806 zone against the US Dollar. The price is now trading below $0.7650 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.7530 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.770 and $0.7850 resistance levels. EOS price is declining below $0.800 against the US Dollar, like...

Litecoin started a fresh decline from the $73.00 resistance zone against the US Dollar. LTC price is now trading below $70.50 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $70.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $66.00 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

On Feb. 20, the company’s CEO Brian Armstrong reported that Coinbase International Exchange continues to grow, hitting $1 billion in daily volume for the first time. The exchange, which is based in Bermuda, offers crypto perpetual futures trading to professional non-US traders. It was set up outside of the United States due to the ongoing war on crypto and legal battles. Armstrong added, “Would be great to see perpetual futures allowed in the U.S. market as well.” Coinbase...