The U.S. Justice Department is reportedly seeking over $4 billion from Binance Holdings to resolve a criminal investigation that has been ongoing for several years. This proposed resolution is a significant move for the world’s largest cryptocurrency exchange, focusing on allegations of money laundering, bank fraud, and sanctions violations. The negotiations also suggest the possibility...Read More
Over the past week, the market experienced volatility. Liquidations around key resistance and support levels caused this not only to Bitcoin but also across the altcoin market. This volatility led to a situation where the resistance levels became a point of a notable pullback, pushing the leading altcoins into a downturn. However, altcoins such as...Read More
The Bitcoin market experienced a setback in its upward trend following the Securities and Exchange Commission’s (SEC) postponement of decisions regarding spot Exchange-Traded Funds (ETFs). This sparked a wave of profit-taking, with investors buying at lower prices and selling at peaks for gains. Current analysis predicts that without positive news, Bitcoin may face challenges in...Read More
Polygon’s MATIC has exhibited significant growth over the past week. Initially off to a slow start, the altcoin has since picked up speed, successfully surpassing key resistance points. The recent uptick in MATIC’s value trapped bearish traders by pushing past the vital resistance mark of $0.9. Nonetheless, with the increase in investors looking to exit...Read More
The rotation into altcoins continues as Bitcoin price now consolidates between $35K-$38K, creating short-term opportunities for traders to capitalize on rising altcoins. Traders are taking advantage of this shift, which is funneling capital into the altcoin sector and strengthening the support for leading altcoins such as MATIC, Solana, and Chainlink, indicating a promising week ahead. ...Read More
The market is experiencing a comeback in investor interest, as seen by Ethereum surpassing the critical level of $2,000 and Bitcoin testing $38,000. Concurrently, Solana has shown a significant price increase after 1.5 years by surpassing the $50 resistance level. This has led to a rising concern about a possible price correction in the coming...Read More
In recent days, the struggle to breach the $35,000 level has proved challenging for Bitcoin, with bearish positions gaining an advantage in the ongoing battle between buyers and sellers. Currently, Bitcoin’s price is experiencing a consolidation phase below the $35K benchmark. Amidst this consolidation, there is growing concern over possible market manipulation, with suspicions that...Read More
In recent days, the crypto market has witnessed a surge of activity, with Bitcoin repeatedly knocking on the $35,000 level. Riding on Bitcoin’s bullish efforts, Ethereum traders are seizing the opportunity to push the price of ETH beyond the $1,900 zone. With continued negative Netflow suggesting that more Ethereum is being bought than sold, analysts...Read More
In the last week, the altcoin market has been attempting to recover the resistance level it achieved in October while Bitcoin tried to climb past the $36,000 mark. However, Bitcoin’s inability to sustain an upward momentum led to a downturn in the altcoin market. Nevertheless, investors were quick to capitalize on the price declines of...Read More
In the past week, the market has been impacted by significant events such as the Federal Open Market Committee (FOMC) meeting, the decision to maintain current interest rates, and the conviction of Sam Bankman-Fried (SBF) on fraud charges. During these developments, Bitcoin (BTC) managed to reach the $36,000 mark, raising chances for further increases. Consequently,...Read More
As November commenced, there was a notable surge in Bitcoin and altcoins, as their value approached the resistance peaks observed in October. However, popular memecoins such as Shiba Inu and Dogecoin struggled to attract buyers at these higher resistance marks, resulting in a slight pullback. Currently, the on-chain data for Shiba Inu presents a bearish...Read More
November is set to continue the upward trend from October, as Bitcoin kicks off the month with robust gains. BTC today surged, flirting with the $35K mark before confidently taking over it, reaching highs of just above $36K. Despite the growing stability of the market and rising open interest, there’s a concern for a significant...Read More
The current trial isn’t looking favorable for Bankman, with his frequent fallback being, “I don’t recall/remember.” Today, when Judge Kaplan questioned him about the $8 billion discrepancy, SBF drew another blank. SBF Failed To Give Clear Answers Adam Yedidia said that he found a mistake in the accounts in summer 2022 and told the crypto...Read More
This month’s ‘Uptober’ trend brought a strong rebound across the market, with numerous altcoins and Bitcoin reaching their highest levels of the year. Concurrently, memecoins experienced an explosive surge, notably with PEPE’s value climbing more than 100%. Motivated by these developments, both individual investors and large-scale holders have been accumulating more coins ahead of another...Read More
As ‘Uptober’ concludes its chapter, November is set to carry the trend, continuing Bitcoin’s impressive upward trajectory. Over the past month, Bitcoin has recorded gains exceeding 30% due to notable developments such as Grayscale’s triumph and the listing of BlackRock’s ETF on the DTCC site. Analysts are now looking forward to the potential launch of...Read More
There’s no doubt that bullish ETF news was the reason behind Bitcoin’s recent surge, sending its price above $35K. However, BTC price now faces a slight setback in maintaining its momentum following profit-taking sentiment among traders. According to on-chain data, Bitcoin shows robust health in key on-chain metrics, even as traders exhibit anxiety over the...Read More
Till now, in October, Ethereum has seen a surge of more than 20%, revealing the bullish momentum of ‘Uptober.’ Nonetheless, as traders seek to cash in near the peak of $1,860, ETH’s price faces challenges in climbing higher. Yet, the sentiment seems favorable as various on-chain metrics turn bullish, indicating that ETH is poised for...Read More
This week brought a positive trend in the crypto market, with Bitcoin knocking the $30K threshold. This development has sparked buyer interest in several altcoins, potentially signaling a recovery in the ‘Uptober’ movement. With the closing of October on the edge, historical patterns suggest a solid bullish week, possibly triggering a fresh round of purchases....Read More
This week saw Bitcoin hitting $30,000, a level unseen since August, suggesting that the much-anticipated ETF could soon receive SEC approval as buyers step up their game. Additionally, with the halving event approaching, Bitcoin’s price is witnessing a significant surge in on-chain metrics. In the coming week, there’s potential for Bitcoin to not only sustain...Read More
During the questioning by Sam Bankman-Fried’s defense team on Tuesday, Nishad Singh, once a part of Bankman-Fried’s empire, admitted to uncertainties in his recollection of past discussions with SBF and fellow FTX executives. However, he revealed active role in political contributions and his interactions with various individuals within Bankman-Fried’s professional and personal network. Nishad Faces...Read More
The market is now calm after the big ups and downs from yesterday, caused by wrong information about the approval of a spot Bitcoin ETF. Interestingly, many altcoins have bounced back from the uncertainty. Currently, MATIC’s price is showing some positive signs according to on-chain data. As more people are taking their MATIC out of...Read More
The market underwent a correction this week, influenced by rising inflation and interest rates. Bitcoin’s price stabilized in a balanced zone below $27K, sparking a shift in market sentiment. While leading altcoins struggled to deliver strong performances, numerous emerging projects captured attention this week, satisfying investors with their achievement of short-term price goals. Nonetheless, traders...Read More
As we reach mid-October, Bitcoin’s price has yet to showcase its anticipated ‘Uptober’ potential, having only registered a $3.5K increase since September. Furthermore, Bitcoin’s surge is currently encountering short-term selling pressure, plunging the bullish hope of reaching a $30K milestone. Consequently, the upcoming week may witness continued low volatility as buyer confidence in Bitcoin declines....Read More
In a recent filing, Voyager Digital, a once-thriving crypto firm, has agreed to a $1.65 billion settlement with US regulators, marking one of the largest fines ever imposed in the sector. Additionally, a legal cloud is gathering around the firm’s former CEO, Stephen Ehrlich, as regulators file a lawsuit against him, alleging a series of...Read More
In a crucial moment, the Federal Open Market Committee (FOMC) has signaled a steadfast approach towards its ‘restrictive’ monetary policy amidst an ongoing inflation surge. The minutes from the recent meeting showed a commitment to maintaining higher interest rates for “some time” until inflation slows down. Following this news, Bitcoin price dropped toward the low...Read More
Recently, a lot of people have started selling their holdings, which has caused the prices of major ones, like Bitcoin, to fall sharply. Right now, the prices of altcoins are kind of stable, but they’re at a low point that we’ve seen in the past month. Bitcoin’s price is currently knocking $27,000, and it’s testing...Read More
In a shocking revelation in today’s trial, Caroline Ellison, the ex-girlfriend of FTX founder Sam Bankman-Fried, has come forward with serious allegations against the billionaire entrepreneur. Ellison claims that Bankman-Fried directed her to engage in illicit activities and commit fraud against FTX customers. SBF Set Up The System, Ordered To Take Money: Ellison Ellison, who...Read More
After a week of notable declines in Terra Luna Classic (LUNC) value, the altcoin has sparked hopes of a potential revival. Recently, buyers have boldly capitalized on LUNC’s price dip, establishing robust support and forcing the price into an upward correction. Nonetheless, concerns are rising over a possible pause in the recovery rally, as sentiment...Read More
In a sudden move, Solana (SOL), one of the most talked-about altcoins currently in the market, has encountered a significant resistance that has halted its upward journey. Interestingly, the current bearish rally is echoing the turbulence of March 2022 as this week saw the largest inflow for Solana since 2022. This was mainly due to...Read More
October began bullish for the crypto market, with Bitcoin price tapping the $28K level. However, just as ‘Uptober’ was getting started, it experienced a halt as large and long-term holders began booking their profits. Although this momentarily faded the revival of the ‘Uptober’ trend, the market has since rebounded significantly due to increased buying demand...Read More
