Markets

It was said that crypto holders would make a big dent in this year’s midterm elections, and as of this writing, republicans have retaken control of the House of Representatives, offering clear evidence that bitcoin fans and Americans in general have turned on Biden and his nation-hating cronies. Biden Is Losing Power Throughout 2022, crypto prices have been crashing and reaching what appear to be points of no return. Bitcoin, for example, has fallen to a new low of...

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Tron price started a fresh increase above the $0.0535 level against the US Dollar. TRX price is now trading above $0.0535 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0545 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0560 resistance zone. TRON price started a fresh increase above $0.0535 against the US Dollar, similar bitcoin. TRX price could...

Bitcoin price started a fresh decline below the $17,200 zone against the US Dollar. The price is now trading below $17,200 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $17,180 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start another decline if it stays below the $17,350 resistance zone. Bitcoin price is struggling below $17,200 against the US Dollar. BTC might extend...

Jo Johnson – the brother of the UK’s former PM, Boris Johnson – reportedly resigned from his advisory role in Bifinity (a payments technology company launched by Binance).  The world’s largest cryptocurrency platform has had several brushes with British regulators over the past few years. Despite the tension, the company aims to become a registered entity in the Kingdom sometime next year. Johnson’s Departure According to recent coverage by The Telegraph, Boris Johnson’s...

Coinbase founder and CEO Brian Armstrong, for one, believes that ideal crypto regulations should start with centralized actors since most of the damage to the consumers has been done by these entities. In a recently released “realistic blueprint,” Armstrong highlighted the need to pursue legislation early instead of waiting for something comprehensive and perfect. Regulations should initially focus on centralized actors in crypto, such as – stablecoin issuers, exchanges, and...

Bitcoin’s price continues to consolidate in a tight range, as it failed to break a significant resistance level to the upside a few days ago. However, from a technical analysis standpoint, the time for a decisive breakout is near. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is still consolidating in a large falling wedge pattern. These are commonly known as potential bullish reversal patterns in a bear market, provided they get broken to the...

Other than PayPal’s launch of the MetaMask integration, which is positive news for Ethereum, recent news about the world’s largest smart contract blockchain is mostly a yawn. Compared to last year this time, ETH is trading at a 68% discount, highlighting the exacerbated bear market of late. But it’s also worth outlining that it was the cryptocurrency market’s most boisterous bubble with its most catastrophic collapse, knocking out one crypto business and altcoin after another...

FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer – Mark Karpelès – was arrested in 2015 and was later acquitted on several charges four years later. While admitting that Karpelès did a “bunch of horrible...