[ad_1] Bitcoin price started a downside correction from the $71,650 resistance zone. BTC is now consolidating and might correct toward the $69,500 support. Bitcoin struggled above $71,500 and started a downside correction. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $70,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a move below the $70,000 level. Bitcoin Price Starts Correction Bitcoin price extended its increase above the $70,000 level. BTC was…
Author: dfrancis36
[ad_1] Worldcoin (WLD) recently faced more regulatory scrutiny after halting its operations in Spain. Its developer, Tools For Humanity (TFH), has agreed to extend the operational pause in the country as part of the ongoing investigation regarding the company’s data collection and processing. On Thursday, the project revealed that a recent survey showed nearly 90% of its users in Spain support Worldcoin’s return to the country. 87% Of Spanish Users Support Worldcoin’s Return This week, Tools For Humanity announced it would voluntarily halt its operations in Spain for the rest of the year. This move would allow the Bayerische Landesamt…
[ad_1] XRP price started a fresh decline from the $0.5320 resistance zone. It is now testing the $0.5180 support and might even test the $0.5120 support zone. XRP failed near $0.5320 and started a downside correction. The price is now trading below $0.5250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip further if it stays below the $0.5250 resistance zone. XRP Price Dips Again XRP price extended its increase above the $0.5265 level like…
[ad_1] According to a Bloomberg report, analysts suggest that the debut of the recently approved Ethereum ETFs in the US may generate significantly less demand than spot-Bitcoin products. Major financial institutions, including BlackRock and Fidelity, await final approvals from the Securities and Exchange Commission (SEC) to list the long-awaited Ethereum funds. However, JPMorgan strategists anticipate much smaller net inflows into Ethereum ETFs than the $15.3 billion flowing into Bitcoin vehicles this year. Analysts Divided On Ethereum ETFs’ Potential Per the report, the success of the five-month-old Bitcoin ETFs can be attributed to a controversial narrative that presents Bitcoin as digital…
[ad_1] Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,720 support. Ethereum Price Dips Again Ethereum price extended its increase above…
[ad_1] Bitcoin maximalist Max Keiser has recently reiterated his stance on Ethereum, predicting a dire future for the cryptocurrency against Bitcoin. Keiser’s latest critique, shared on social media platform X, revives his longstanding view that Bitcoin outshines Ethereum and other altcoins on fundamental levels. According to Keiser, Ethereum is “heading to zero against BTC,” citing fundamental differences in their underlying technologies and legal classifications. Commodity Status And Decentralization Concerns Keiser’s argument hinges on the idea that Ethereum is not centralized and lacks the commodity status and a decentralized proof-of-work algorithm that “bolsters” Bitcoin’s appeal. He points out that in countries…
[ad_1] Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as low as $2,440 just one week later. Dive into the protocol’s key metrics and observe notable levels to gain insights into potential price movements and actions for the MKR token in the near term. Maker Protocol’s Updated Metrics Reveal Positive Growth The Maker protocol, known for its decentralized stablecoin DAI, recently disclosed updated metrics highlighting its health and growth over the…
[ad_1] In a groundbreaking case that has drawn significant attention in China, a college student named Yang Qichao has been sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraudulently” issuing a cryptocurrency called BFF on the Binance’s BNB Chain. The case, which took place at the People’s Court of Nanyang High-tech Industrial Development Zone in Henan Province, marks the first criminal trial in China involving the issuance of a virtual currency. The Asian country has strict regulations that prohibit people from participating in the issuance, trading, or investing in these assets. Criminal Trial On…
[ad_1] Shiba Inu has seen a notable uptick in its open interest that has sent renewed vigor through investors. While the meme coin’s open interest is yet to break its Match 2024 all-time high, it is on a bullish trend that could see an attempt soon. Shiba Inu Open Interest At February Levels The total Shiba Inu open interest has climbed back above $97 million across multiple exchanges, bringing it to one of the highest levels so far for the year. According to data from Coinglass, the SHIB open interest is now sitting at $97.08 million as of June 6,…
[ad_1] Crypto analyst Kevin (Formerly OG Yomi) has highlighted a bullish pattern on the Dogecoin (DOGE) chart, which shows that a breakout is imminent. His prediction follows the recent wave of accumulation by DOGE whales, with these buys likely contributing to the potential breakout. Dogecoin Indicator Flashing Breakout Signal Kevin mentioned in an X (formerly Twitter) post that the two-month Bollinger Bands breakout indicator on Dogecoin is flashing an imminent breakout, which is set to occur for the foremost meme coin for the first time since November 2020. He added that DOGE was also about to see the first two-month Moving…