[ad_1] Bitcoin‘s recent price action has sent ripples through the cryptocurrency market, raising concerns among investors as the leading digital asset undergoes a significant correction. After an impressive rally, the focus now shifts to whether Bitcoin can maintain its upward momentum or will face a critical test at the $65,000 support level. As market sentiment shifts, this analysis aims to explore the recent correction in Bitcoin’s price and assess the likelihood of a retest of the crucial $65,000 level. By analyzing key market indicators and trader sentiment, the goal is to offer insights into whether this significant support can withstand…
Author: dfrancis36
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Today, the Dogecoin community, including investors, traders, and enthusiasts, are rallying to celebrate “DOGE Day,” an annual event dedicated to the beloved doggy-themed meme coin, Dogecoin (DOGE). As an unofficial holiday for the Dogecoin community, DOGE Day brings together different members from around the globe, fostering interactions and sharing unique experiences as they promote the popular meme coin. As the Dogecoin community celebrates the infamous DOGE Day, an in-depth exploration unveils the history and significance of this infamous event alongside activities planned for today’s festivities. Dogecoin Day Festivities Begin – Here’s The Scoop DOGE Day 2024 is finally here,…
[ad_1] A cryptocurrency exchange accused the US government of undermining the cryptocurrency sector orchestrating a campaign against digital currencies. Coinbase revealed that the US Federal Deposit Insurance Corporation (FDIC) has been employing tactics to dissuade financial institutions from engaging in crypto-related activities. FDIC: Stay Away From Crypto Coinbase claimed that FDIC had sent letters to several financial establishments to ask them to stay away from getting involved in cryptocurrency-related investments. Coinbase’s Chief Legal Officer Paul Grewal revealed that they have found proof of FDIC’s anti-crypto campaign, telling American financial institutions to keep their hands off digital currency investments. Source: FDIC…
[ad_1] Este artículo también está disponible en español. Like most digital assets, Ethereum witnessed a correction this week by losing over 5% in the last 24 hours while trading just above $2,500. While the increased on-chain activity could eventually make the bulls bet for the bounce back of Ether, a few experts differ with this perspective. Crypto veteran analyst Peter Brandt predicts further downfall in Ether to the extent of loss of over 60% from its present price, with no indication of changing. Currently, Ether is trading at a 42-month low. While Bitcoin re-tested the $70k mark early this week,…
[ad_1] Bitcoin has entered a consolidation phase after falling short of breaking its all-time high this week, leaving bulls in anticipation of the next big move. Currently trading just below its previous peak, BTC’s inability to push past this level has led to a temporary reset in momentum. Key data from CryptoQuant shows a recent uptick in long BTC liquidations, signaling that bullish traders are facing a short-term shakeout. This wave of liquidations is forcing leveraged positions to unwind, which may clear excess leverage from the market. While this has created near-term volatility, it could also set up the groundwork…
[ad_1] Este artículo también está disponible en español. The Bitcoin price enjoyed its second consecutive green candle in October after closing the month with a 10% price gain. Crypto analyst TradingShot revealed why this development was a positive going forward and is a good buy signal for those looking to invest in the flagship crypto. Related Reading Bitcoin Triggers Buy Signal After Price Hit Second Green Month Candle TradingShot mentioned in a TradingView post that it is always a good signal to buy whenever the Bitcoin price closes two consecutive green monthly candles. He made this assertion based on the…
[ad_1] Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI). Paxos USDG Compliant With Upcoming Singaporean Regime In a press release on November 1, Paxos announced the new stablecoin USDG set to be issued by its subsidiary in Singapore under the supervision of the Monetary Authority of Singapore (MAS). Paxos describes USDG as a dollar-pegged stablecoin created to appeal to regulated institutions under strict standards of accountability and…
[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to…
[ad_1] Este artículo también está disponible en español. November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296 million in liquidations, with the majority of them being long positions. Despite the bulls managing to steady a Bitcoin price support at $69,000, the rapid downturn stirred questions among many crypto traders. Related Reading According to crypto…