Markets

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The US Securities and Exchange Commission announced that Dan Berkovitz will step down from his General Counsel position as of the end of January 2023. The current SEC Principal Deputy General Counsel – Megan Barbero – will replace Berkovitz upon his departure. SEC Chair Gary Gensler said he was “grateful” for Berkovitz’s “exceptional public service and his dedication to this agency” in the official announcement before adding, “Dan has led the Office of General Counsel during...

Bitcoin.fr fête aujourd’hui ses 12 ans et poursuit imperturbablement son modeste chemin. Comme tous les quatre ans (décembre 2014, décembre 2018, décembre 2022), c’est un anniversaire en « bear market ». Pas d’inquiétudes cependant car, en dehors de ces creux quadriennaux, les autres mois de décembre ont été beaucoup plus joyeux. Je ne reviendrai pas sur les circonstances de la création du...

Bitcoin cash price started a fresh decline from the $112 zone against the US Dollar. The price is now trading below the $105 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $103 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $98 and $95 support levels. Bitcoin cash price is declining from the $112 zone against the US Dollar, similar...

Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH).  The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s Latest Crypto Move Users of the social media platform can now track the USD valuation of the two largest cryptocurrencies by market cap –...

The collapsed cryptocurrency exchange FTX reportedly paid 94% of the $84 million purchase of a majority stake in Blockfolio in FTT tokens.  The coin played a leading role in the platform’s crash last month. CZ said Binance plans to dump its entire FTT stash (23 million tokens worth over $580 million at the time) amid rising worries about the over-exposure of FTX and Alameda towards the former’s native asset. New Data on the Blockfolio Deal According to a recent...

Scott Minerd – Chief Investment Officer of global investment firm Guggenheim Partners – passed away on the morning of December 22 due to a heart attack.  As announced by Guggenheim on Thursday, Minerd’s “untimely” and “unexpected” heart attack occurred during one of his regular workouts. According to the statement, Minerd joined Guggenheim as a Managing Partner shortly after the company was formed. He was a frequent market commentator on both television and social media.  “I...

Bitcoin is grappling with a crucial resistance level at roughly $17K, which also aligns with the 100-day moving average. A breakout from here will potentially initiate an uptrend in the short term. Technical Analysis By Shayan The Daily Chart The price has been trapped inside a descending wedge pattern for several months and is consolidating with significantly lower volatility. Meanwhile, the 100-day moving average has served as a powerful barrier at around $17K. The current...

Ripple has spent the week in a tight trading range, but there is no question that the bear market rages on. The price action seems relatively quiet following the large drop XRP experienced last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the price is close to the November low. The range of $0.3 to $0.32 (in white) is currently regarded as the level of block orders, providing solid support. The 50% and 61.8% Fib levels in the $0.42 to $0.45...

Bitcoin has been struggling with the $20K levels as the overall crypto market remains in a slump and traders brace for uncertainty. Nonetheless, turbulence is not new to crypto, as it has thrived through the pandemic-induced downturn and several past bear markets. When bear markets hit, they tend to change how the average crypto user invests. Some traders look to reduce their trade frequency, wait out the market, or find ways to cut costs, a stark contrast to the FOMO brought upon by the...