Ethereum price has encountered difficulties in clearing the $2,720 mark and is currently facing challenges to maintain its position above the critical support level of $2,440. This suggests that further losses may be imminent for the cryptocurrency. After a surge towards $2,720, the bears made their presence felt, resulting in a downward correction. Ethereum is
Analysis
Bitcoin, the leading cryptocurrency, has experienced yet another rollercoaster ride in its price movement. After surpassing multiple resistances, Bitcoin rallied towards the $49,000 level before encountering selling pressure. As a result, the price dipped below key support levels, but has managed to consolidate above the $45,500 mark. This article will delve into the details of
Bitcoin (BTC) is currently experiencing what many analysts consider to be the beginning of an early bull market. This assessment is based on a unique chart feature that is playing out for the first time in the history of Bitcoin. The recent surge in BTC price has resulted in significant profits for various Bitcoin investor
Bitcoin (BTC) has defied the predictions of economists, including the European Central Bank (ECB), by experiencing significant growth in recent months. Contradicting the ECB’s claim that the cryptocurrency would become irrelevant, BTC has surged by almost 170% since the publication of the bank’s blog post in November 2022. This unexpected trajectory has not only caught
The price of Bitcoin (BTC) soared to $44,000 on December 5th, fueled by the momentum of the Wall Street trading session. This surge marked a significant milestone for the cryptocurrency, reaching its highest levels since early April 2022 and posed a challenge to the resistance it had encountered in the past. The impressive week-to-date gains
Bitcoin has been on a remarkable run over the past seven days, surging by an impressive 14.5% and reaching a 20-month high of $41,130 on December 4th. This significant increase has left traders and analysts speculating about the factors behind this rally, especially after witnessing a $100 million liquidation of short Bitcoin futures within a
Bitcoin (BTC) is holding steady near the $40,000 mark as it continues to strengthen its uptrend. Over the weekend, BTC experienced significant gains, pushing its price to new highs for 2023 at $39,730. The momentum had been building for days, with Bitcoin reaching $39,000 for the first time since mid-2022. Analysts had anticipated that spot
Despite facing challenges in breaching the $2,100 resistance level, Ethereum (ETH) has been experiencing a surge in trading volume and positive momentum. This article delves into the various factors contributing to Ethereum’s recent growth, including the potential approval of spot ETFs, the expansion of the Ethereum ecosystem, and the rise of layer-2 solutions. One significant
The crypto industry in East Asia has been marked by recent scandals and regulatory efforts. Hong Kong, in particular, has witnessed two high-profile cases involving unlicensed crypto exchanges that have defrauded investors of millions of dollars. Despite these setbacks, Hong Kong regulators remain determined to position the city as a major hub for Web3 technologies.
Cryptocurrency and artificial intelligence are two rapidly evolving technologies that have the potential to revolutionize various industries. One exciting application of AI in the crypto space is smart contract auditing and cybersecurity. By using AI, it becomes possible to identify vulnerabilities and ensure the security of smart contracts, which are the backbone of many blockchain
