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Bitcoin price climbed further higher above $18,500. BTC tested the $19,000 resistance zone and is currently consolidating gains. Bitcoin climbed further higher above the $18,000 and $18,500 resistance levels. The price is trading above $18,200 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near
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Meanwhile, crypto funds such as QCP Capital see a strong breakout above $18,000 for bitcoin as a key indicator of recovery, with the next such level being $28,000. “Despite the mini-rally, BTC is still trading in an extremely tight falling wedge – with $18,000 the key breakout level to the
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According to Bloomberg, officials with the U.S. Department of Justice's Eastern District of New York and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the conglomerate's Genesis subsidiary. Genesis and CryptoX are both owned by the parent company Digital Currency Group. Bernstein's Gautam Chhugani
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A signal of traders’ extreme bearish positioning before Monday’s price increase was the funding rates for perpetual swaps of solana (SOL) sinking to 1,000% annualized rate. Then, SOL gained 20% and some $15 million of short bets were liquidated, according to Coinglass. Original Source
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions Famous investor and founder of investment firm Scion
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Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular trading-focused film, The Big Short. With a potential blockbuster film seemingly on the way, community members called out Bankman-Fried’s antics, from
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The Cardano price had increased over the weekend, but the coin showed lateral price movement at press time. Over the last 24 hours, ADA has dipped about 0.2%. The ADA has gained 4% in the last week, indicating a positive trend. According to the technical outlook, the Cardano price has
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Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping
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SAND, the SandBox, has been free-falling since the month of August. The coin has registered a severe decline in demand, which has caused the crypto to lose further value. The asset has pierced through various support levels over the past few months. It lost 2.2% of its value in the
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