Bitcoin, the most popular cryptocurrency, has experienced a significant drop in its market price on crypto exchanges. This decline marks the lowest price since the early August massacre when it fell below $50,000 for the first time. Despite reaching highs of $65,000 in previous weeks, the bears now seem to be back in control, with
Bitcoin’s price took a hard hit on Friday, only to recover some ground on Saturday and maintain above $54,000 since then. Despite heading towards $60,000 earlier in the week, a subsequent rejection led to a steep drop to $55,500 by Wednesday. With another lower high on Thursday, bitcoin slipped further to $55,200 on Friday as
Cardano (ADA) is currently facing a critical resistance level at $0.33 after a tumultuous week in the market. Despite the overall fear and uncertainty, on-chain data suggests that some investors are viewing this as a potential buying opportunity, indicating growing optimism within the market. This accumulation of ADA at current levels may be a sign
A precedent-setting case in Scotland has resulted in the confiscation of approximately £110,000 worth of cryptocurrency from a 29-year-old individual named John Ross Rennie. This is the first instance where proceeds of crime legislation have been utilized to convert cryptocurrency into physical cash. The case was settled at the High Court in Edinburgh, where Rennie,
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), citing “significant deficiencies” in governance related to anti-money laundering (AML) laws and risk management for virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023, revealing shortcomings in board oversight and senior management’s handling
Opeyemi is a dedicated writer who has found his passion in the world of cryptocurrency. His journey into this realm was not planned, but it has turned into a deep fascination that keeps him engaged day in and day out. With over two years of experience in the digital asset industry, Opeyemi prides himself on
Ethereum has been experiencing a significant downtrend recently, causing concern and unease among investors. The decline was triggered by a pullback to the lower boundary of a broken wedge pattern, accompanied by the formation of a death cross, where the 100-day moving average moves below the 200-day moving average. This series of events has reinforced
In recent times, Ethereum (ETH) has been facing significant selling pressure and fear in the crypto market. The digital asset has experienced a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of Ethereum compared to Bitcoin. Since September 2022, Ethereum has fallen 44%
The recent downturn in the Bitcoin and cryptocurrency markets has led to a sharp decline in prices across the board. This has resulted in a significant drop in sentiment among crypto investors, causing the Fear & Greed Index to plummet into the Extreme Fear territory. This index, which measures investor sentiment on a scale of
In the ever-changing world of cryptocurrency, one thing remains constant – the presence of whales. These large investors, known for executing transactions valued at $100,000 or more, play a crucial role in shaping the market. According to data intelligence firm Santiment, the top ten crypto projects with the highest increase in whale activity have been
