XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said. Source
Read More
Weakens
Gold Prices Increase while Dollar Weakens as Market Awaits Fed Decision
Most analysts and traders expect the Federal Open Market Committee (FOMC) to vote for holding the rates as they are. The prices of gold moved up on Wednesday as the dollar weakened while the world awaits a decision from the Fed. The slowing US inflation solidified assumptions that the Fed would
Read More
Ethereum price outlook weakens, but ETH derivatives suggests $1.6K is unlikely
Ether (ETH) price has shown weakness after failing to break above the $1,950 resistance on April 26. The subsequent correction drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Curiously, the movement happened while the First Republic Bank (FRB) was closed by the California Department
Read More
SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense
A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed to a federal judge.In an April 11 letter to U.S. District Judge Analisa Torres, who is overseeing
Read More
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’ – Economics Bitcoin News
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said the stock market
Read More
Ethereum’s $1.5K support weakens as ETH traders turn slightly bearish
The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% in twelve months, which partially explains why derivatives metrics were somewhat neutral after Ether’s failed attempt
Read More
Ethereum price weakens near key support, but traders are afraid to open short positions
Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange. Meanwhile, Ether’s total market volume was 57%
Read More
Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin
Ethereum's native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingViewAn inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically
Read More
Bitcoin, Ether Slump as Pelosi’s Taiwan Trip Weakens Risk Sentiment
"Our short-term [bitcoin] indicators are mixed, but a greater loss of short-term momentum would support a retest of support (~$18,300-$19,500), below which secondary support is near $13,900," Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies, wrote in a weekly analysis published Monday. "Intermediate- and
Read More