Cryptocurrency Analysis and News Portal
Without Custodia in this mix of bank-related crypto news, I’m not sure this piece of the news cycle would have anything worth paying close attention to for long. A lot of crypto is predicated on trading, gambling and “number-go-up technology” butting up against nebulous financial securities laws – so skittishness
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Ethereum struggled once again to clear the $1,640 resistance against the US Dollar. ETH is correcting lower and remains at a risk of a move below the $1,550 support. Ethereum is slowly moving lower below the $1,620 and $1,600 levels. The price is now trading below $1,600 and the 100 hourly
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Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin recovered higher above the $16,800 resistance zone. The price is trading above $16,800 and the 100 hourly simple moving average. There is a rising channel forming with resistance near
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Ethereum saw an increase in its price on Tuesday along with the rest of the crypto market following the positive CPI data release. The jump in price saw Ethereum finally beat the $1,300 price point after hovering around $1,200 coming out of the weekend. However, the digital asset had met
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Ethereum faced a strong rejection near $1,300 against the US Dollar. ETH is declining, but there is a major support waiting near $1,240 and $1,220. Ethereum struggled to clear the $1,295 and $1,300 resistance levels. The price is now trading below $1,260 and the 100 hourly simple moving average. There was a break
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Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below
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"The Commission's 'thumb on the scale' approach does not withstand scrutiny," the groups said, calling spot Bitcoin ETPs "ideally suited for investors that desire exposure to Bitcoin. The groups added that the SEC had allowed "similar, riskier products to enter the market," and that spot ETPs plainly satisfy regulatory requirements
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In the brief, the attorneys argue that, because Bitcoin futures and spot Bitcoin both generate their price based on overlapping indices, the spot price of Bitcoin in both spot and futures ETFs are subject to the same risks – and therefore, approving one and denying another is unfair. Source
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Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a
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Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminen.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo success for Bitcoin bullsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day's low before diving $600 in
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