Matrixport Executive Thinks BUSD Crackdown Won’t Spread To All Stablecoins
Matrixport’s executives believe the regulatory enforcement on BUSD will not impact all stablecoins. Moreover, according to the executive, other issues surround the crackdown. The United States regulators are striking hard on some crypto…
Bitget (BGB) Soars 83% As Top 100 Cryptos Hemorrhage – Here’s Why
A number of crypto and trading platforms, despite the fact that 2022 was unquestionably a bear market, did an excellent job of demonstrating that the performance of exchange tokens is tightly related to the capability of the platforms they embody…
Cardano (ADA) Price Surges 10%, Why Rally Isn’t Over Yet
Cardano’s price started a fresh increase above the $0.37 resistance. ADA rise further if it clears the $0.392 resistance zone. ADA price is gaining bullish momentum above the $0.380 support against the US dollar. The price is trading above $0.380…
Ethereum Price Breaks Higher, Why The Bears Are Not Done Yet
Ethereum price is attempting an upside correction above $1,500 against the US Dollar. ETH could start another decline if there is no increase above $1,600. Ethereum is slowly moving higher above the $1,500 resistance. The price is now trading above…
Bitcoin Price Gearing For Lift-Off to $23K But This Level Is The Key
Bitcoin price is attempting an upside correction above the $22,000 resistance. BTC must clear $22,350 and $22,400 to continue higher in the near term. Bitcoin is slowly moving higher above the $21,800 and $22,000 levels. The price is trading above…
Forget The Moon: Bitcoin Could Target The “Cloud” At $40K
Bitcoin bulls are hoping the bottom is in and heads off onto another moon mission toward new all-time highs. But before it gets there, if the bottom is indeed in, the top cryptocurrency by market cap could target the top of the weekly BTCUSD…
Is Bitcoin Entering Into A New Bull Run? Pantera Capital Weighs In
After the recently released inflation data, Bitcoin has reacted positively to the upside. Market participants expected an inflation rate of 6.2%, but the US government reported an inflation rate of 6.4%. Pantera Capital looks at Bitcoin’s…
Ethereum Exchange Supply Has Fallen 37% Post Merge: Santiment
On-chain data from Santiment shows the Ethereum supply on exchanges has dropped by 37% since the Merge in September last year. Ethereum Supply On Exchanges Has Continued To Decline Recently As per the on-chain analytics firm Santiment, ETH…
Tron (TRX) Records Positive Moves While Major Cryptos Bleed
The past few days haven’t been encouraging for investors, given the price action of many digital assets, but TRON seems like the exception. Some of the top shots in the crypto list include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP, and…
Over the past week, the crypto market has seen a downturn that has dragged down the prices of most digital assets in the space. However, despite this decline in prices, investors seem to not be reacting either negatively or positively as sentiment…
Hedera (HBAR) Token Shines With 10% Weekly Gains When Market Suffers Downtrend
Hedera’s native token, HBAR, is currently in the green, while its counterparts in the crypto market are flat or recording losses on high timeframes. On-chain data shows the coin has been witnessing impressive performance this year. Now…
Here’s What’s Needed For The Bitcoin Rally To Resume
Here’s what the current Bitcoin rally might require for a resumption based on the trend that a similar rally back in April 2019 followed. Bitcoin Accumulation Trend Score Has Declined Recently As per the latest weekly report from Glassnode…
Blockchain Association Files Amicus Brief, Wants To Stem SEC’s ‘Regulation By Enforcement’ Trend
Blockchain Association, an organization that advocates for peer-to-peer technology that hands back power to creators and users, has filed an amicus brief in the ongoing SEC v. Wahi federal case. The SEC v. Wahi Case Posting on Twitter and updating…
Binance’s BUSD Reserves Steady At $13 Billion, Represents 18% Of All Assets
BUSD, a stablecoin issued by Paxos, a blockchain infrastructure platform in New York, is still one of the most dominant assets on Binance, the world’s largest cryptocurrency exchange by client count and trading volume. BUSD Remains Dominant…
Here’s How To Trade Today’s CPI In Bitcoin And Crypto
Amid news and rumors of a harsh crackdown of the crypto sector by U.S. authorities, the Bitcoin and crypto market is facing a crucial turning point today with the release of the U.S. Consumer Price Index (CPI) for January 2023. The release by the…
BNB Price Drops After BUSD Crackdown, Upsides Turn Attractive to Bears
BNB price (Binance coin) started a strong decline against the US Dollar after BUSD’s crackdown. BNB traded below $300 and is now showing bearish signs. Binance coin price started a fresh decline below the $300 support against the US Dollar. The…
Crypto Investors Brace For CPI Report On Valentine’s Day – Will The Figures Be In Their Favor?
Last month’s crypto market rally was caused in part by optimistic investors with positive sentiment in the broader financial market. Crypto isn’t the only market that rallied, stocks experienced a surge as well with major indices showing gains…
Ethereum Price is Dropping, But It’s Too Early to Say Bulls Have Given Up
Ethereum price extended its decline below the $1,520 level against the US Dollar. ETH must clear the $1,540 resistance zone to start a decent increase. Ethereum remained in a bearish zone below $1,550 and $1,540. The price is now trading below…
Bitcoin Price Consolidates Below $22K and At Risk of Sharp Decline
Bitcoin price is consolidating below the $22,000 resistance. BTC could decline heavily if there is a daily close below the $21,500 support. Bitcoin is showing a few negative signs below the $22,000 resistance. The price is trading below $22,000 and…
Liquity (LQTY) Price Rises Up To 41.9%, What Is Next After This Bullish Move?
According to Coinmarketcap, Liquity (LQTY) has increased its price by 41.91% in the last 24 hours, an exciting incident worth looking at. LQTY is currently trading its price at $0.98 per coin and ranked #269 in the entire crypto ecosystem, with a…
Heartbreak Or Romance: What’s In Store For Bitcoin On Valentine’s Day?
Bitcoin is trending in the red in synchrony with a calendar date celebrated by millions, San Valentin; the cryptocurrency is showing anything but love to short-term investors. Following an important rally from a low of $16,500, the cryptocurrency…
Total Crypto Market Triggers Golden Cross, Despite “Deadly” Bitcoin Counterpart
The chart representing the total crypto market cap in aggregate has triggered a golden cross on daily timeframes. While the crossover of two important moving averages is typically a buy signal, Bitcoin, is close to confirming the opposite signal —…
Cardano Price Might Reclaim Bullish Momentum At This Level
The Cardano price has been in a downtrend for the last two weeks. In the previous 24 hours, ADA has lost close to 5% of its market value. The ADA price has dropped by 10% in the last week. With Bitcoin losing its price momentum and falling into the…
Fantom Moves Closer To Crucial Support, Is This Short-Term Price Correction?
The Fantom price had seen a significant increase at the beginning of February; however, FTM had seen a substantial decline at the time of publication. Over the last 24 hours, FTM retraced over 4%, and in the previous week, the token lost above 21%…
Binance Coin (BNB), created and issued by the exchange Binance has suffered a massive drop in its price action. The crash follows an investigation from the U.S. Securities and Exchange Commission (SEC) against crypto firm Paxos, which supports…
Valentine’s Day Launch of Shibarium Uncertain, Developer Confirms
The team behind Shiba Inu, the second largest meme coin by market cap, is currently developing its Layer 2 blockchain, Shibarium. The new project aims to ensure higher scalability and faster transaction speed while maintaining lower network costs…
Bitcoin NUPL Retests Key Support, Will BTC Rebound?
On-chain data shows the Bitcoin Net Unrealized Profit/Loss (NUPL) is currently nearing a key retest. Will this help BTC rebound? Bitcoin NUPL Has Been Declining Towards 365-Day MA Recently As pointed out by an analyst in a CryptoQuant post, the BTC…
Here’s Why The Stablecoin And Binance FUD Might Be Overblown
Binance CEO Changpeng Zhao (“CZ”) has commented on Twitter about the Department of Financial Services’ (NYDFS) directive to Paxos Trust Co. to stop minting new BUSD. As reported by the Wall Street Journal today, Paxos will…
Bitcoin Large Transactions Explode, Whales Buying The Dip?
On-chain data shows Bitcoin whale transactions have exploded recently, suggesting that these investors may be looking to buy the dip in the price. Bitcoin Whale Transaction Count Has Shot Up In Recent Days According to data from the on-chain…
Breaking: New York Regulator Orders Paxos To Stop Issuing Binance’s BUSD
Binance’s BUSD which is issued by Paxos continues to be one of the largest stablecoins in the crypto market. However, it looks like the stablecoin has now made it onto regulators’ radar as New York regulators have ordered Paxos to stop issuing new…
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