Bitcoin (BTC), the leading cryptocurrency by market capitalization, has recently experienced a significant downturn, dropping below the $95,000 mark. This decline comes as broader market volatility seems to be in play, causing analysts and investors alike to scrutinize the cryptocurrency’s performance closely. As February draws to a close, many experts believe that Bitcoin needs to
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Over the past 24 hours, Bitcoin’s value has significantly declined, sinking to just above $90,000—its lowest point since mid-January. This steep drop marks a reduction of more than $9,000 from the cryptocurrency’s recent peak of $99,500, recorded last Friday. The recent volatility leads to an observable trend of increased liquidations in the market, with the
On February 21, 2024, Robinhood Crypto received the long-awaited news that the U.S. Securities and Exchange Commission (SEC) would not be pursuing any enforcement action against the platform, effectively closing a preceding inquiry initiated in May of the same year. The cessation of this investigation coincides with a notable transformation within the SEC, indicating a
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a pivotal juncture as it grapples with a protracted phase of consolidation. Trading within a narrow range of $2,650 to $2,750 for over a week, the digital asset appears to be caught in a web of uncertainty and indecision. As the broader cryptocurrency market remains
In a decisive move to bolster its sanctions regime amid ongoing geopolitical tensions, the European Union has targeted Garantex, a cryptocurrency exchange operating out of Russia, as part of its expansive 16th sanctions package. Announced on February 24, these sanctions aim to disrupt financial operations that support Russia’s military activities linked to the invasion of
Citadel Securities, a prominent financial firm known for its prowess in market making, is reportedly set to make strategic forays into the cryptocurrency market. According to a Bloomberg News article released on February 24, the company is keen on establishing itself in the crypto domain in a manner similar to its operations in traditional financial
Bitcoin has recently faced pressure, slipping below its 100-day moving average of $98,000. This dip raises concerns among investors, especially as it nears the key support level of $95,000. Notably, the cryptocurrency has shown weakened trading activity that does not indicate strong momentum from either buyers or sellers. In an environment where market participation is
In an age where financial transparency is paramount, particularly in cryptocurrency exchanges, OX.FUN seems to have stumbled into controversy that could severely derail its reputation and operational stability. Recently, the platform has faced substantial backlash following claims of financial misconduct that not only put its credibility at stake but also led to a significant drop
Bitcoin’s recent price movements have been far from stable, demonstrating a notable decline that has reignited concerns among investors. After managing to hover around $96,000 over the weekend, the leading cryptocurrency has slipped below this psychological threshold. The beginning of the business week was marked by significant drops, as Bitcoin plummeted to a multi-week low
In a digital age increasingly dominated by technology, a troubling shift is occurring in the demographic profile of victims targeted by financial fraud. Traditionally, older adults were the primary victims of scams; however, recent evidence suggests that younger, tech-savvy individuals are now in the crosshairs of con artists, particularly in cases involving “Pig Butchering” scams.