Markets

Bitcoin price started a fresh decline from the $24,200 zone against the US Dollar. The price is now trading below $23,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $22,300 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $22,300 and $22,800 resistance levels. Bitcoin price is declining below $23,000 against the US Dollar. BTC...

Lee Reiners, policy director at the Duke Financial Economics Center, recommended that banking agenices restrict the crypto industry from accessing the banking system while testifying to the Senate Banking Committee on Tuesday.  The professor claimed that crypto has produced nothing of benefit during the 14 years since Bitcoin’s whitepaper was published.  What to Do About Crypto The hearing, titled “Crypto Crash,” explored why crypto needs tighter regulation and safeguards to...

A new survey conducted by the world’s largest cryptocurrency exchange Binance discovered that having an interest in crypto could make people more attractive. Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46. Interest in Crypto is a “Significant Plus” The survey discovered that an active interest in crypto could be a “significant plus” in a potential romantic relationship. A total of 83% of respondents disclosed that liking...

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The bitcoin price has recently topped $23,000, hitting its highest number in about six months, but while things are looking good for crypto, not everyone is happy. According to figures like former chief executive of BitMEX Arthur Hayes, a global crash is coming that could wipe out BTC and all its altcoin cousins. Arthur Hayes Is Predicting Gloom and Doom for BTC Some investors and analysts are reigning in the positivity. Marcus Sotiriou – market analyst at digital asset...

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The bitcoin “reign of terror” is just beginning. The world’s number one digital currency by market cap has shot up another $2,000 and is now trading at $23K at the time of this writing. The currency has endured many small, yet noticeable price bumps over the past month or so, and 2023, in many ways, is looking to be a solid change from the misery we all experienced in 2022. Bitcoin Keeps Enjoying Price Hikes The funny thing is that all the sentiment surrounding bitcoin...

ADA price is trading in a bearish zone below the $0.40 support zone against the US Dollar. The price is now trading above $0.38 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3750 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.3750 resistance zone. Cardano price is struggling below $0.38 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is moving lower from the $1,700 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,600 on the 4-hours chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,580 resistance zone. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

Cathie Wood, Founder and CEO of Ark Invest, continues to be bullish on Coinbase, whose share price is down by nearly 85% from its all-time high of $348.98 on November 12, 2021.   Making the third investment in two months and fourth since November, Ark Invest acquired $9.2 million worth of COIN shares on Friday, media reports asserted.   A Bloomberg report from three months ago said Ark Invest made $56 million worth of Coinbase shares in November 2022 alone. Ark Invest’s COIN...