Cryptocurrency Analysis and News Portal
Bitcoin price is still struggling to clear the $21,500 resistance zone. BTC could correct further lower if there is a clear move below the $20,500 support zone. Bitcoin struggled to clear the $21,500 resistance zone and corrected lower. The price is trading below $21,000 and the 100 hourly simple moving average. There was
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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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The price of Bitcoin continues to grind slowly to the downside while other major digital assets follow. The market is moving in tandem with the legacy financial sector, pricing in a higher terminal rate for 2023. As of this writing, Bitcoin trades at $16,600 with sideways movement in the last 24
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The Litecoin price has tanked further over the last 24 hours. On their respective charts, the prices of major altcoins reflect the price action of Bitcoin. As BTC slipped close to 3%, LTC also tanked nearly 8% on the daily chart. Recovery for Litecoin seems far-fetched from what the technical outlook
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The cryptocurrency’s adoption has been boosted by easy financial conditions, the bank said, with some investors more willing to “explore low liquidity, high risk/return options like bitcoin.” With tighter financial conditions expected moving forward, speculative interest in bitcoin is likely to decline. Original Source
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The analyst, whose focus is on crypto assets and blockchain research, told CryptoX TV that considering the slow pace of development for a U.S. CBDC it is “debatable” whether “private markets” will ever choose to use one. But a stablecoin like USDC, which is pegged 1:1 with the U.S. dollar,
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Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.According to reports, Lee Jung-hoon, the de facto owner of the South Korean bitcoin exchange Bithumb, is now facing an 8-year jail sentence.The owner who is also
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Goldman also expects upside from higher interest rates from USD coin (USDC), and it noted that as the sole retail issuer of USDC, Coinbase gets a share of the interest income generated from the USDC reserves. Given that interest rates are expected to reach over 3.5% over the next few
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The crypto market is experiencing a correction with Bitcoin and Ethereum giving back their gains from previous weeks. The general sentiment in the sector was optimistic but could take a blow if main cryptocurrencies lose their current levels. At the time of writing, Ethereum (ETH) trades at $1,690 with a 10%
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The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to
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