Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a significant breakout and potentially soar to $4,723. Marks pointed to the presence of bull divergences as a key indicator for this parabolic rally, emphasizing the potential for a 75% increase in price. Additionally, Marks indicated that
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Peter Brandt, a veteran crypto analyst, recently identified an inverted or expanding triangle pattern in Bitcoin’s price chart. This technical pattern formation has raised questions and sparked discussions within the crypto community. Let’s delve deeper into Brandt’s analysis and assess the implications of this pattern on Bitcoin’s price trajectory. Brandt highlighted the unique pattern formation
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by
The recent trading activities in the cryptocurrency market have pointed to a crucial moment for Ethereum. The formation of a bearish triangle pattern signals a potential significant breakout. It is essential to closely monitor the movement of Ethereum as it approaches this critical point. The price action of Ethereum is currently below the 100-day Simple
In a recent court filing on August 12, a US appeals court made a significant decision to partially overturn the dismissal of a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, had brought forward allegations against both Binance.US and CoinMarketCap regarding the manipulation of the price of
As the cryptocurrency industry continues to grow and evolve, there is a pressing need for clear and concise regulations to guide companies in the space. Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna recently expressed his expectations for the Biden administration to release a crypto regulation roadmap in the coming weeks. These expectations stem from
In the past week, Ethereum (ETH) faced a sharp decline, dropping to $2,112, representing the largest market slump of the year. However, the cryptocurrency has since shown signs of recovery, climbing 8% in the last seven days to surpass the crucial $2,600 level. With sights set on the $3,000 milestone once again, Ethereum is poised
Coinbase, one of the leading cryptocurrency exchanges, has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The company, along with other industry players, has voiced concerns about the potential negative impact of
Ethereum has emerged as the frontrunner in the cryptocurrency market, reaping the benefits of the recent market downturn. Investors have seized the opportunity presented by the price weakness, resulting in a substantial inflow of $155 million over the past week. This surge in investment has propelled Ethereum’s year-to-date total inflows to an impressive $862 million,