[ad_1] Este artículo también está disponible en español. Bitcoin price started another increase above the $106,000 resistance zone. BTC traded to a new all-time high above $108,000 and is currently correcting gains. Bitcoin started a fresh surge above the $106,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,750 support zone. Bitcoin Price Remains In Uptrend…
Author: dfrancis36
[ad_1] A concerning trend has emerged among young UK investors who are making crucial financial decisions at an alarming speed, with two-thirds finalizing important investment choices in less than 24 hours.Moreover, according to the country’s market watchdog, they fail to see the difference between purchasing a hyped air fryer or smartwatch and buying Bitcoin or another trading product.Young Investors Rush Investment Decisions, FCA Study WarnsThe Financial Conduct Authority’s (FCA’s) survey of 2,000 UK investors aged 18-40 reveals a striking pattern of rapid-fire investment decisions. A significant 14% of respondents make investment choices in under an hour, while only 11% take…
[ad_1] In a potential win for the crypto industry, the Senate Banking Committee has canceled its vote on the reappointment of US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, known for her critical stance on Bitcoin and other digital assets. This development, reported by FOX Business journalist Eleanor Terrett, means that Crenshaw will not secure a nomination for her position, as Congress is scheduled to adjourn on December 20. SEC Commissioner Crenshaw Faces Backlash Over Digital Asset Oversight According to Terrett, a Senate aide indicated that the scheduled markup vote for Crenshaw’s reappointment has been canceled. While she remains…
[ad_1] Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how Ethereum has built up strong on-chain demand zones that should keep it afloat above $4,000. Ethereum Has Two Major Support Centers Just Below Current Price In a new post on X, IntoTheBlock has discussed about how the on-chain demand zones for Ethereum are looking right now. Below is the chart shared by the analytics firm that shows the amount of supply that the investors bought at the price ranges near the current spot ETH value. Looks like there are two large zones under the…
[ad_1] BlackRock, the global asset management firm, has suggested that investors allocate up to 2% of their portfolios to bitcoin. The recommendation was included in a report, which highlights bitcoin’s potential as a diversifying asset, given its historically lower correlation with other major asset classes.As of now, bitcoin (BTCUSD) is trading at an all-time high of approximately $105,000. BlackRock emphasized that bitcoin could provide an alternative source of returns within a portfolio. However, the firm warned of significant risks associated with the cryptocurrency.Bitcoin ETFs Attract $100 Billion”Bitcoin remains highly volatile and vulnerable to sharp selloffs,” the report noted. It also…
[ad_1] Bitcoin (BTC) and Ethereum (ETH) ETFs pushed institutional crypto adoption this year to new highs. In light of the new, crypto-friendly US presidential administration and broader rally, Bloomberg analyst Eric Balchunas expects to see more crypto ETFs rolling out next year. This may include XRP (XRP), Solana (SOL), and dual ETFs. After a brief dip below $2.40 last week, XRP rebounded to $2.50 and now ranks the third-largest crypto by market cap, surpassing USDT by a mere $2 million. Meanwhile, SOL struggles to recover to its November high of $262.93. Still, both tokens have shown impressive performance this year…
[ad_1] Este artículo también está disponible en español. MicroStrategy, the business intelligence firm co-founded by Bitcoin bull Michael Saylor, has significantly ramped up its Bitcoin acquisition strategy, surpassing 400,000 BTC in holdings. However, concerns about the company’s financial stability tied to the Bitcoin price have emerged, particularly from Ki Young Ju, CEO of CryptoQuant. Ju cautioned that while the prospect of MicroStrategy facing bankruptcy is not impossible, it would require an event as unlikely as “an asteroid hitting Earth.” MicroStrategy’s Financial Risks As Bitcoin Price Floor Holds At $30,000 In a recent post on X (formerly Twitter), Ju elaborated on…
[ad_1] The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against Binance Australia Derivatives for allegedly misclassifying over 500 retail investors as wholesale clients, denying them crucial consumer protections.Binance Australia Faces Federal Court Battle The regulator alleges that between July 2022 and April 2023, Binance Australia Derivatives, a subsidiary of the world’s largest cryptocurrency exchange, incorrectly classified 83% of its Australian client base as wholesale investors, exposing them to high-risk crypto derivative products without proper safeguards.“Our case alleges Binance’s compliance systems were woefully inadequate and exposed more than 500 clients to high-risk, speculative products without the right consumer…
[ad_1] A newly uncovered public document reveals that the Bitcoin Policy Institute, a research and advocacy group in the United States, has drafted an executive order that aims to designate Bitcoin as a strategic reserve asset. This proposed order is designed to take effect immediately upon being signed by President-elect Donald Trump on his first day in office. New Draft Calls for Bitcoin Acquisition Through Treasury’s ESF According to the draft, as global finance increasingly integrates digital assets, the United States must adapt its financial strategies to maintain its stability and leadership in the global economy. The document characterizes Bitcoin…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…