Bitcoin has experienced a turbulent week in the market, with its price plummeting on Friday only to recover some ground on Saturday. Despite this recovery, bitcoin has struggled to maintain above $54,000 since then. The cryptocurrency reached close to $60,000 on Tuesday, but a subsequent rejection led to a sharp decline, with the asset dropping
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The recent case in Scotland involving the confiscation of £110,000 worth of cryptocurrency from a convicted criminal has made waves in the legal and financial sectors. This landmark decision marks the first time that proceeds of crime legislation have been used to seize cryptocurrency as physical cash, setting a new precedent in the country. John
The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on significant deficiencies in the institution’s governance and compliance practices. Particularly troubling were the shortcomings in adhering to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This lack of oversight
The current state of Ethereum reflects a prominent bearish trend that has caused fear and uncertainty among market participants. The decline in Ethereum’s price, marked by a sharp pullback to the lower boundary of a broken wedge, has been further exacerbated by the formation of a death cross. This technical indicator, where the 100-day moving
The cryptocurrency market has always been known for its volatility, and this unpredictability seems to have been heightened in recent times. Despite the market dipping, there has been a surge in whale activity among large investors. A recent analysis by data intelligence firm Santiment has shed light on the top ten crypto projects experiencing the
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. The Bitcoin Fear & Greed Index is one of the best indicators
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. The recent report from CryptoQuant offers clarity on factors currently
Recent developments in the cryptocurrency market have shown that Ethereum has entered oversold territory, leading many to believe that a price rally may be imminent. Analysts such as Titan of Crypto and Crypto Wolf have been quick to point out that Ethereum is primed for a significant uptick in price. According to Titan of Crypto,
Trading in the financial markets can be both thrilling and demanding, requiring quick decision-making and constant attention. Many individuals find it challenging to keep up with the fast-paced nature of trading. This is where trading bots, such as those offered by ValueZone AI, come into play. These automated tools are designed to handle the hard
The recent drop in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit to its lowest level of the year, similar to levels last seen in October 2023, has raised concerns among investors. This decline in the metric is closely associated with the current downturn in bitcoin’s price as well as the downward trend
