Tag Archives: ETHBTC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish. If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant...

Jeffrey Sprecher – CEO of Intercontinental Exchange Inc (ICE) – said watchdogs should regulate most cryptocurrencies as securities. Gary Gensler – Chairman of the US SEC – also classified the majority of digital assets as securities, meaning they should fall under his agency’s jurisdiction. ‘Exchanges Will be Separated From the Brokers’ Sprecher thinks the FTX collapse has shown that most cryptocurrencies should be classified as securities, or in other words, fall in the same...

Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the volatility and risks in the field. Don’t Disregard Bitcoin Belfort uploaded a video called “My Current Crypto Update” to give his two cents on hot...

Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...

Belgium’s financial regulator does not consider crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) to be securities. The Financial Services and Markets Authority (FSMA) released a statement in which it said cryptocurrencies that are issued solely by computer code do not constitute securities. The regulator’s response comes after receiving an increasing number of questions about the application of financial rules on the asset class. Win for BTC, ETH With a prominent...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price. Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there...

Despite the FTX meltdown and the consecutive decline of the cryptocurrency market, the Founder and CEO of Ark Invest – Cathie Wood – stands by her prediction that bitcoin will skyrocket to $1 million by 2030. She also seems unfazed by the price crash of Grayscale’s Bitcoin Trust (GBTC) since her company purchased additional 176,945 shares. BTC Bull Regardless of the Reality The shocking collapse of the crypto exchange FTX deepened the problems in the crypto sector and...

Ethereum’s resilience has been one of the significant talking points during the recent market crash as opposed to Bitcoin, ETH’s price has not created a new lower low. However, more downside could be expected if the price fails to break a key resistance level. Technical Analysis Technical Analysis By: Edris The Daily Chart: On the daily chart, the cryptocurrency has been retesting the $1300 resistance level over the past few days after dropping below it earlier during the...

The Canadian singer and teen idol – Justin Bieber – made the headlines in January by purchasing an NFT from the BAYC collection for 500 ETH (around $1.3 million at the time). The intensifying bear market and the decreasing interest in digital collectibles, though, have shrunk the USD value of his investment by over 94%. Bieber’s Massive Paper Loss Justin Bieber was among the famous individuals who dived into NFTs when the hype around them was at its peak. The superstar bought...

One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last week after failing to honor its clients’ withdrawal requests. According to recent coverage, the basketball club stopped advertising all FTX products and services. The last promotion was on Monday (November 14), and it was related to Golden State Warriors shooting guard Jordan Poole. Miami...