Ethereum’s price is currently consolidating just below the $1,850 mark against the US dollar. For an upward trend, ETH needs to maintain support above $1,750. At present, Ethereum is encountering challenges in surpassing the $1,850 level, leading to a corrective phase. Despite a drop below $1,800, support near $1,750 helped prevent further decline. The price […]
Shiba Inu (SHIB) has recently experienced a significant increase in its burn rate, showing the project’s commitment to reducing its circulating supply. This burn rate surge, as reported by Shibburn, indicates a 323% increase, with 68,119,115 SHIB tokens recently sent to inactive wallets. The current total circulating supply of SHIB is 579,894,208,190,775 tokens, and the […]
BlackRock, a massive global financial giant with $9.4 trillion in assets, has recently shown a growing interest in the world of cryptocurrencies. They’ve taken a significant step by applying for permission to launch an iShares Bitcoin exchange-traded fund (ETF). This move has sparked considerable excitement within the investment community and represents a notable return for […]
The crypto community eagerly awaits the approval of a US spot Bitcoin exchange-traded fund (ETF) as a potential turning point for the industry. A recent decision from the US Securities and Exchange Commission (SEC) has hinted at a positive step in this direction. The SEC confirmed that it won’t contest a court decision supporting Grayscale’s […]
Crypto trading specialist Michaël van de Poppe pointed out that Bitcoin held steady above $30,200 and surpassed its yearly high. He expressed his surprise but noted that this surge could be linked to the expected ETF approval. As long as Bitcoin remains above $31,000, he believes the future looks bright, with a potential $40,000 price […]
In Ethereum’s recent price action, it has managed to climb higher, particularly when it surpassed the $1,649 resistance level. This is a positive sign for those interested in the cryptocurrency market. However, it’s important to note that if Ethereum’s daily closes fall below $1,649, there might be a potential drop in its price, bringing it […]
Decentralized Finance (DeFi) has been at the forefront of a financial revolution, replacing traditional financial intermediaries with smart contracts and decentralized applications. However, this innovative sector is now under increased scrutiny and facing a new wave of regulatory oversight in the United States. The regulatory landscape in the US, shaped by actions from the Commodity […]
Introduction Bitcoin’s current price is showing positive signs as it surpasses the $30,000 resistance level. In this article, we will delve into Bitcoin’s recent movements and what can be expected in the near future. Bitcoin’s Price Surge Bitcoin has seen a strong price increase after successfully breaking through the $28,500 and $28,800 resistances. Currently, the […]
AAVE, a cryptocurrency, is currently hovering near a critical price point of $70, and it recently faced resistance at this level. Buyers are making efforts to push through the price channel trendline around $70. The current scenario indicates that AAVE’s price is at a make-or-break zone, close to $70 and the 200-day EMA (Exponential Moving […]
Following the Federal Open Market Committee’s (FOMC) recent assertive comments, the price of Bitcoin experienced a nearly 3% dip. The central narrative revolved around the minutes from the Federal Reserve, in which policymakers emphasized the need for restrictive policy measures to persist for an extended period. Their consensus was based on the importance of treading […]