Ethereum, despite its popularity, has struggled to perform well in the cryptocurrency market. Investors have been left in a state of concern as the price continues to drop, potentially falling below $2,000 once again. However, there is a glimmer of hope as a bullish pattern has emerged on the Ethereum price chart, indicating a possible
Recently, crypto analyst Daan Crypto has brought attention to the Bitcoin Rainbow Chart, shedding light on the current price action of this popular cryptocurrency. According to Daan Crypto, Bitcoin is facing a crucial milestone of holding above $60,000 to trigger a bullish reversal in its price trajectory. Despite the optimism regarding Bitcoin’s potential bullish reversal,
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
Amidst a week of fear and uncertainty in the market, Cardano (ADA) is currently trading just below a critical resistance level at $0.33. However, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. Despite the broader downturn, certain metrics indicate growing
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
