Recently, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current market cycle for Ethereum that resembles patterns from previous cycles. This pattern, although larger in scale, is showing similarities to the structure observed after an interest rate cut in 2019. Additionally, MN Consultancy founder Michaël van de Poppe
Crypto
Bitcoin experienced a remarkable surge in price recently, jumping from a daily low of $53,600 to over $58,000 in just a single day. Many in the community are now speculating about the reasons behind this surge and whether it indicates a potential resumption of the 2024 bull run. One major factor that has been highlighted
Bitcoin (BTC) recently faced significant price weaknesses over the weekend after the release of the August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. The cryptocurrency saw a sharp decline of nearly 5%, dropping below the $54,000 range, marking its lowest level since early August. In response to the price volatility, the crypto
The United States Federal Bureau of Investigation (FBI) has recently issued a warning about aggressive attacks from North Korean hackers targeting the cryptocurrency industry and companies associated with digital asset investment products. These attacks are not your run-of-the-mill cyber threats; they are highly sophisticated social engineering tactics that have even fooled individuals well-versed in cybersecurity
Over the past two years, Ethereum has experienced a significant decline in performance relative to Bitcoin. What was once considered ultra-sound money has now fallen into the undervaluation territory, as indicated by its current state of underperformance. This decline can be attributed to various factors, including inflationary supply dynamics and weaker network activity compared to
Bitcoin’s market price has taken a hit, dropping below $50,000 for the first time since the approval of spot Bitcoin ETFs and the subsequent surge to $65,000. With the bears currently in control, many are wondering when the price will rebound. One crypto analyst, Astronomer Zero, has made a prediction based on the pattern of
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
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
