Markets

Bitcoin cash price started a fresh decline from the $288 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $245 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $250 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...

Binance co-founder Yi He held at least a 10% share in Binance’s Cayman Islands holding company, according to a new report by WSJ. A former talk-show host, Yi He, reportedly holds significant influence over the marketing and investment sectors of the company. She also assumes the role of the largest shareholder within the firm in the absence of CEO Changpeng “CZ” Zhao. Yi He’s Influence on Binance The WSJ report made several interesting claims, including Yi He proposing a...

Rich Dad, Poor Dad author Robert Kiyosaki has once again urged his followers to consider Bitcoin (BTC) – and not because of anticipation of a spot ETF approval. In a post to X on Wednesday, the real estate investor told followers to “pay attention to [the] Bitcoin halving” over the next three months before its expected arrival in April. Bitcoin Is For Rich Friends The Bitcoin halving occurs roughly once every four years, and permanently cuts the blockchain’s issuance rate of...

Simeon Hyman, a global investment strategist at ProShares, has highlighted the deficiencies in the spot Bitcoin market, citing discrepancies in prices across exchanges and risks associated with various platforms. Notably, expectations among cryptocurrency stakeholders have been centered on the potential approval of a series of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission in January. The Issue With Bitcoin ETFs During an appearance on Bloomberg TV, Hyman...

TL;DR Binance has added 10 digital assets, including privacy coins like Monero (XMR) and Zcash (ZEC), to its closely monitored list, with potential risks of delisting based on various criteria. Other exchanges like OKX are also scrutinizing privacy coins, aligning with international regulatory trends concerning these types of cryptocurrencies. Binance to Pay Special Attention to These Cryptocurrencies The world’s largest cryptocurrency exchange – Binance – announced the...

Bitcoin’s price experienced a massive drop yesterday, fluctuating over 10% in 24 hours. While the cryptocurrency has yet to break below any significant support level, analyzing the root of this move and what it means for the market is essential. Yesterday’s crash, albeit caused by a questionable report, provides some insightful data from a technical perspective. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price has been...

The Bitcoin price took a sudden and unexpected nosedive on news of a possible ETF rejection, based on a report from Matrixport, dragging down most of the altcoin market along with it. Prices have since recovered slightly, with $BTC currently trading at the $42,900 level. Yet the surprise news and subsequent crash is a stark reminder of the unpredictability and volatility of the crypto market, where basically anything can (and sometimes does) happen. Crypto cycles generally...

EOS price started a fresh decline after it failed to clear $0.900 against the US Dollar. The price is now trading below $0.825 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.860 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.804 and $0.825 resistance levels. EOS price is struggling below $0.825 against the US Dollar,...

Litecoin started a fresh decline from the $78.00 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours). There was a break below a key contracting triangle with support at $72.50 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 $60.00 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the protocol has around $315 million in total value locked. Radiant Capital...