Cryptocurrency Analysis and News Portal
Bitcoin (BTC) refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders line up downside targetsData from Cointelegraph Markets Pro and TradingView followed what one analyst called “boring” BTC price action into the new
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The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission (SEC) brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase.However, the sentiment quickly turned bullish after a crucial exchange-traded fund (ETF) proposal was filed by the world’s largest asset
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Prime Trust may be taken over by the state of Nevada, and the situation seems alarming. Source
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As of July 15, new customers will be required to complete identification checks to use KuCoin's services. Source
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The largest cryptocurrency by market capitalization jumped to as high as $28,150 in a few hours after trading flat around $26,800 for most of the day, CryptoX Indices data shows. It more recently pared some of its gains, dropped to around $27,900, but remains up 5.2% over the past 24
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Glassnode's illiquid supply change metric, which measures the number of coins held by illiquid wallets on a specific date compared with the same day the previous month, rose to 147,351.58 BTC ($3.9 billion) on Monday, the most since Dec. 19. The total held by illiquid entities has jumped to a
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According to reports, problems began at Wyre when it set withdrawal limits for user accounts, claiming the community’s best interests. Wyre, a prominent payments firm in the crypto industry, has recently plans toward the closure of its business as it plans to cease operations by the end of next month. As highlighted
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Senior Judge Jed Rakoff, of the U.S. District Court for the Southern District of New York, questioned whether there was a major questions issue, saying Congress intended to give the SEC broad regulatory authority when drafting the laws overseeing the agency. Original Source
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eToro cited "recent developments" as the reason for the move, referring to the SEC's legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities. Source
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“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
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