Over the past week, Bitcoin has experienced extreme volatility in its price movements. It initially approached the $60,000 mark on Tuesday, only to face a sharp rejection and drop to $55,500 by Wednesday. This trend continued with another lower high on Thursday, driving the price down to $55,200 on Friday in anticipation of the US
A recent case in Scotland has made headlines as £110,000 in cryptocurrency, approximately $144,384, was seized from a 29-year-old man named John Ross Rennie. This marks a significant moment as it is the first time proceeds of crime legislation have been utilized to confiscate cryptocurrency as physical cash. The case was settled at the High
United Texas Bank (UTB) has recently found itself in hot water with the U.S. Federal Reserve due to significant deficiencies in its governance, particularly related to anti-money laundering (AML) laws and risk management. Despite being one of the few remaining American financial institutions catering to crypto companies, UTB’s shortcomings in board oversight and compliance regulations
Opeyemi is a skilled writer and a fervent enthusiast in the dynamic world of cryptocurrency. Although the digital asset industry was not initially his top choice, he has become captivated by it ever since he delved into this space over two years ago. Opeyemi now takes pride in crafting distinctive pieces that demystify the intricacies
As the crypto market remains uncertain and volatile, some large investors are making moves that have caught the attention of data intelligence firm Santiment. Santiment’s analysis has revealed the top ten crypto projects that have experienced a surge in whale activity. These whales are defined as investors carrying out transactions valued at $100,000 or more.
Ethereum’s recent performance has been lackluster, with a noticeable bearish trend dominating the market. Following a pullback to the lower boundary of a broken wedge pattern, coupled with the formation of a death cross, investor sentiment has been dampened. The lack of strong inflows into spot ETH ETFs has only served to underscore this negative
Ethereum (ETH) is currently facing a significant selling pressure, resulting in a 23% decline and bringing its price down to yearly lows at $2,200. One of the major concerns for investors is the declining on-chain activity of Ethereum compared to Bitcoin. Ethereum’s total transaction fees have continued to decline, primarily due to lower fees after
The recent crash in the Bitcoin and crypto market has sent prices plummeting and has sparked a wave of panic among investors. This has led to the Fear & Greed Index plunging into the Extreme Fear territory, indicating that investors are less likely to invest in the market. The Fear & Greed Index is an
Trading in the financial markets can be a rollercoaster of emotions, excitement, and stress. It requires quick decision-making and undivided attention, which can be challenging for many individuals. This is where trading bots come into play. These automated tools use algorithms to analyze market data and execute trades automatically, taking the burden off human traders.
Recent developments in the cryptocurrency market have shown that Ethereum has entered oversold territory, indicating a potential bullish trend ahead. Analysts such as Titan of Crypto have suggested that Ethereum is ready for a price rally, potentially reaching as high as $6,000. Historically, whenever the relative strength index (RSI) is in or near oversold territory