The cryptocurrency market saw a tumultuous week with Bitcoin experiencing significant price fluctuations. Despite initially moving towards the $60,000 mark, Bitcoin faced rejection and dropped sharply to $55,500 by mid-week. This downward trend continued with the price falling to $52,800 before a minor recovery pushed it back above $54,000. Altcoins Follow Suit Altcoins also witnessed
Bitcoin’s market price has experienced significant fluctuations, dropping to its lowest point since the early August massacre when it fell below $50,000. This downward trend started after the spot Bitcoin ETFs were approved in the US, increasing demand for the cryptocurrency. Despite a previous crash, where BTC plummeted but later rebounded to $65,000, it seems
Cardano (ADA) is currently facing a critical resistance level at $0.33 amidst a backdrop of fear and uncertainty in the market. Despite this, on-chain data from IntoTheBlock suggests that certain investors are viewing this as a potential buying opportunity, signaling optimism for a market recovery in the near future. This growing optimism is reflected in
In a groundbreaking case in Scotland, £110,000 was seized from 29-year-old John Ross Rennie, marking the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. This case was settled at the High Court in Edinburgh, where Rennie of Cambuslang was convicted of possessing stolen goods following a violent
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), uncovering significant deficiencies in the bank’s governance. These deficiencies primarily revolved around the bank’s adherence to anti-money laundering (AML) laws and its risk management practices related to virtual currency customers and foreign correspondent banking. The order was a result of an
As the cryptocurrency market experiences its usual volatility, there seems to be a surge in whale activity among large investors. Data analysis from Santiment has identified the top ten crypto projects that have seen a significant increase in high-value transactions, defined as those worth $100,000 or more. These whales are making waves in the market
Opeyemi is a dedicated writer and a passionate follower of the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, Opeyemi found himself deeply engrossed in the realm over the past two years. His fascination with blockchain technology and the latest trends in cryptocurrencies has led him to create insightful pieces that
Ethereum (ETH) is currently undergoing a tumultuous period, grappling with significant selling pressure and fear in the market following a staggering 23% decline that has brought its price down to yearly lows at $2,200. The ongoing underperformance of ETH compared to Bitcoin has been a cause for concern among investors, with the trend persisting since
Ethereum has been experiencing a significant downturn, characterized by a sharp drop in price after retracing to the lower boundary of a broken wedge pattern. This decline is further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These technical indicators point to a bearish
The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. This suggests that investors are less likely to put money into the
