The price of Bitcoin has once again risen bullishly, breaking through the $70,000 barrier and demonstrating strength for an upward movement. Crypto Jelle, a popular cryptocurrency expert and Bitcoin enthusiast, has made a bullish forecast for the crypto asset, citing the $82,000 level in the short term. Jelle highlighted that after a fakeout, Bitcoin retested
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In a recent development, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury has commended crypto exchange Coinbase for its substantial contributions to major criminal investigations. This acknowledgment signifies the pivotal role played by Coinbase in aiding law enforcement efforts through its compliance and reporting practices. The acknowledgment from FinCEN comes
The European Securities and Markets Authority (ESMA) recently issued a warning about the high concentration levels in the crypto market. The agency expressed concerns about the potential impact of a single asset or exchange failure on the entire crypto ecosystem. ESMA found that a small number of assets, such as Bitcoin (BTC), Ethereum (ETH), and
Cryptocurrency analysts have recently pointed out that the impact of the 2024 Bitcoin halving on the price of BTC has significantly decreased. According to CryptoQuant, a prominent crypto analytics firm, the much-anticipated halving event is no longer the primary driving force behind a bullish momentum in BTC. Instead, the firm’s research report suggests that the
As Ethereum’s price continues to fluctuate, it has recently undergone a period of sideways consolidation. This phase came after a decline towards the critical support level of $3K. Interestingly, the cryptocurrency seems to be range-bound between $3K and $3.7K. It appears that volatility may not increase unless Ethereum manages to break out in either direction.
Shiba Inu (SHIB) has recently experienced a price drop, with the current trading price at around $0.00002734. This represents a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this negative trend, analysts are predicting a potential bullish rally. One key indicator is the critical resistance levels being tested
The boss of Marathon, America’s largest crypto mining firm, recently discussed the impact of spot Bitcoin ETF approvals on the market. Fred Thiel mentioned in an interview with Bloomberg that the ETF approval accelerated what would have been the post-halving rally. This approval attracted capital into the market and brought forward the price appreciation that
As the cryptocurrency community eagerly anticipates the upcoming halving event of Bitcoin, there is a sense of excitement mixed with caution in the air. Renowned cryptocurrency expert Benjamin Cowen has sounded a note of warning, suggesting that a potential market correction may be on the horizon if historical patterns are anything to go by. Cowen
The article discusses the rise of ANSEMWIF, a spin-off meme coin inspired by influencer Ansem’s viral presence on Crypto Twitter. The coin saw a meteoric rise in value, reaching an all-time high before experiencing a significant retracement. The author highlights the volatile nature of meme coins and the potential for high-risk, high-reward scenarios. While the
Trading expert Peter Brandt has recently made comments on the Ethereum vs. Bitcoin chart, providing valuable insights into the current market dynamics. Brandt, known for his previous criticisms of Ethereum, where he referred to it as a “junk coin” and its supporters as “Etheridiots,” seems to have shifted his perspective. Despite Ethereum’s recent decline to
