Bitcoin price has recently been experiencing a consolidation phase near the $58,500 level. In order to start a recovery wave in the near term, BTC must clear the crucial $60,500 resistance. The price tested the $58,000 zone before undergoing a minor recovery, but it is currently trading below $62,000 and the 100 hourly Simple Moving
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The Hong Kong Monetary Authority (HKMA) has taken a bold step towards embracing the future of finance with the launch of the Project Ensemble Sandbox. This innovative initiative is aimed at exploring the vast potential of tokenization across different asset classes and real-world financial applications. By testing the use of tokenized money in interbank settlements
Ethereum price has seen a significant decline, dropping below key support levels and currently trading below $2,550 as well as the 100-hourly Simple Moving Average. The hourly MACD for ETH/USD is gaining momentum in the bearish zone, while the hourly RSI is now below the 50 zone. A key bearish trend line has formed with
The aftermath of the $234 million hack on the crypto platform WazirX has taken a dramatic turn as the platform enters a 30-day moratorium pending a decision by Singapore’s High Court. This move comes as rival platform CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million in digital assets trapped on
Crypto analyst Man of Bitcoin recently shared insights into Bonk’s trajectory using the Elliot Wave Theory. According to him, BONK is expected to reach $0.000027 in the third wave of his Elliot Wave analysis. He highlighted that BONK has already surpassed the first wave of $0.000022, indicating a potential impulsive move to that price level.
Ethereum price is currently consolidating above the $2,700 resistance level. However, it is facing challenges in gaining bullish momentum to move above the $2,800 mark. The price is hovering around the $2,700 mark and is supported by the 100-hourly Simple Moving Average. There is a crucial bullish trend line forming with support at $2,720 on
The pursuit of timing the Bitcoin bottom as the perfect time to buy is a common goal for many cryptocurrency traders. In a recent development, crypto analyst R.N. Elliot has highlighted what he believes is the optimal time to purchase Bitcoin. Using a chart that points to a “Double Zigzag” pattern, Elliot suggests that the
Bitcoin price has been making significant movements in the market, testing the $65,000 resistance level. In order to continue on an upward trajectory in the near term, BTC must successfully clear this crucial hurdle. Bitcoin recently experienced a steady increase in price, surpassing the $63,000 zone. As of now, the price is trading above $63,500
Abra, a crypto lending firm, recently faced settled charges from the US Securities and Exchange Commission for failing to register its crypto asset lending product, Abra Earn. Adding to the trouble, the SEC also filed charges against Plutus Lending LLC, the owner of Abra, for operating as an unregistered investment company. Stacy Bogert, Associate Director
Aayush Jindal, a prominent figure in the financial markets, has dedicated over 15 years to mastering the realms of Forex and cryptocurrency trading. His journey began at a young age, where he displayed a natural talent for deciphering complex systems and patterns. Through relentless curiosity and dedication, Aayush honed his skills to become a trusted
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