Cryptocurrency Analysis and News Portal
Popular crypto veteran Arthur Hayes says it’s possible for Bitcoin to cross the $1 million threshold. Hayes believes that the Federal Reserve’s new Bank Term Funding Program will pump BTC massively. The $1 million projection became popular after former Coinbase executive Balaji Srinivasan made a public bet on the same. Arthur Hayes, the
Read More
Bitcoin's swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally. Source
Read More
“Regulators who tend to fight the last war are certainly on guard right now – looking at banks, including Cross River, to make sure that they are sufficiently capitalized,” Jay Ritter, Cordell professor of finance at the University of Florida, told CryptoX in an interview. Source
Read More
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire
Read More
Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC).In addition, Circle has “expanded relationships” with other banking partners to assist with USDC redemption,
Read More
The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event. Source
Read More
Bitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets traded close to recent highs. Markets started the week partially in the green, ahead of a key week of economic data. The United States FOMC (Federal Open Market Committee) will release its latest minutes on Wednesday, followed by
Read More
Ethereum's native token, Ether (ETH), has printed a death cross technical pattern versus Bitcoin (BTC) for the first time since May 2022, suggesting more pain ahead for ETH/BTC in the coming weeks.Previous ETH price death cross preceded 27.5% dropA death cross appears when an asset's short-term 50-period moving average moves
Read More
Bitcoin (BTC) starts a new week just under $22,000 as bulls fail to reclaim lost ground in February.After modest volatility toward the weekly close, BTC/USD is still near three-week lows as a new status quo enters with $22,000 as resistance.However, the largest cryptocurrency stands at the beginning of an important
Read More
Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBattle of the Bitcoin crosses beginsData from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first
Read More