Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been dropping since creating a double top pattern at the…
Crypto investors are buzzing about 99Bitcoins Token, and with just three days left in its presale, everyone’s trying to get in on the action. This Learn-to-Earn project has already raised over $2.5 million. By turning crypto education into actual rewards, the 99Bitcoins Token (99BTC) developers are looking to empower more people to understand and learn…
Bitcoin (BTC) could be seeing less selling pressure from miners in the near term due to an increase in the profitability of this cohort of market participants and the recovery of their hashrate following the cryptocurrency’s rally to the $69,000 range. According to a CryptoQuant report, the Bitcoin network hashrate recovered while BTC had its…
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with…
Ethereum’s price has been going through a frustrating consolidation period over the past few months following the price’s failure to break above the $4,000 resistance level. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $2,800 mark and rallied toward the $3,500 resistance level. However, the…
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded…
The economic uncertainty in the US pushed bitcoin’s price south hard in the past day or so, and the asset plunged to $60,500 for the first time in almost three weeks. The altcoins are in an even worse state, with SOL, TON, and UNI plummeting by over 5% in the past day. ETH has slipped…
TL;DR Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price. This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions. What if the US Embrace BTC? The United States will soon have a new President,…
The second week of trading for the spot Ethereum ETFs saw again more withdrawals than inflows, perhaps driven by the uncertainty in the US economy. The spot Bitcoin ETFs also closed the business week on the wrong foot, with nearly $240 million leaving the financial vehicles. Data from FarSide shows that Fidelity’s FBTC was the…
Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a new currency to reduce reliance on the U.S. dollar and mitigate…