Markets

Coinbase – one of the world’s largest and most powerful digital currency exchanges – is not happy with the Securities and Exchange Commission (SEC), claiming the agency has not implemented efficient crypto regulations. The company has now filed a petition criticizing the organization and calling for fair regulation within America’s legal spectrum. Coinbase Isn’t too Happy with the SEC Faryar Shirzad – chief policy officer at Coinbase – explained in a recent statement...

After the recent stagnation, bitcoin finally began moving and dumped to a six-week low beneath $20,000. Most altcoins are deep in the red as well. Ethereum is down to $1,500, while SOL, ADA, and AVAX have declined by up to 8% in a day. Bitcoin Dipped Below $20K Last week was particularly harmful to the primary cryptocurrency, which dumped from $25,200 to $21,000 in a matter of days. Since that enhanced volatility, the asset calmed and spent most of the following days trading...

Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. The alternative coins suffer, too, leading to almost $400 million in liquidations from over-leveraged traders. CryptoPotato reported the relatively stable price movements from bitcoin in the past week or so. After falling by $4,000 in the previous week, BTC spent most of this one around the $21,000 mark. It challenged $22,000 a few days ago but to no...

Sarath Ratanavadi – CEO of Gulf Energy Development – reportedly stated that his company will invest in blockchain ecosystems to diversify some of its profits. The decision comes despite the broad market collapse and the strict stance that local watchdogs have taken towards the sector. Ratanavadi is known as the second-richest person in Thailand. According to the Bloomberg Billionaires Index, his fortune nears $12 billion, while his corporation supplies energy to Thailand,...

The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn’t mean there wasn’t volatility. The total capitalization seems to be hanging by a thread slightly above the coveted mark of $1 trillion. This time last week, Bitcoin was trading at around $21,700 but quickly retraced below $21,000. The price spent quite some time battling with this area, and it appears that even until this moment, there’s no...

Bitcoin’s price appears to be preparing for another bearish move after a lengthy period of consolidation between the $20K and $24K levels. With the current price action, a new low is not out of the picture. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating at a very tight range over the last few days. This occurred after a rejection from the $24K level and the 100-day moving average. The price has also broken below the...

Crypto Market Overview Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in...

Bitcoin cash price started a fresh increase from the $112 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $133 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $133 and $135 to continue higher in the near term. Bitcoin cash price is climbing above $125 against the US Dollar, similar to bitcoin. BCH/USD...

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could emerge.  Binance’s Merge Plan Per the company’s statement on Thursday, there are “two likely scenarios” that could occur during the merge that may impact...

After the DXY index rebounded off the support at 104, the crypto market entered a correction phase. In the past few days, Ethereum experienced an uptrend after touching $1,523 on August 20 and rallied today as new updates on the Merge were announced. Can the bulls reclaim $2,000? Technical Analysis By Grizzly The Daily Chart On the daily time frame, buyers have stepped up. Defending the support at $1,500 caused the bears to pull back a bit. Now, the buyers have to flip the...