Bitcoin’s recent price drop below the $64K support level has put the cryptocurrency in a critical position. The double top pattern at the $68K resistance level indicates a bearish trend, with the price now testing the 200-day moving average. The failure to hold above this level could lead to a more significant decline towards $52K.
Cryptocurrency
Cryptocurrency has taken the financial world by storm, with more and more individuals jumping into the digital asset space. One key aspect of this industry is crypto journalism, where writers delve into the complexities of blockchain technology and digital currencies to provide insights and analysis. One such writer making waves in this field is Semilore
The recent economic uncertainty in the US has had a significant impact on the cryptocurrency market, particularly on Bitcoin. In the past day or so, Bitcoin’s price has plummeted to $60,500, marking its lowest point in almost three weeks. This downward trend was exacerbated by the weak job report in the US, which indicated a
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
The world of cryptocurrency was shaken when Bitcoin was introduced a decade and a half ago. Since then, the identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery. Various theories and speculations have emerged, with different prominent figures being pointed to as the potential creator. One such theory emerged from software developer
MicroStrategy’s recent announcement regarding their plans to raise up to $2 billion through the sale of its class A shares has generated significant interest in the cryptocurrency community. This move comes as the company aims to bolster its Bitcoin holdings, further solidifying its position as the world’s largest public Bitcoin holder. The decision to raise
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,
Cardano (ADA) is making waves in the cryptocurrency market as it competes with Ethereum in terms of large transaction volume. The recent surge in transaction volume indicates a wave of accumulation among ADA’s large holders. Data from market intelligence platforms like IntoTheBlock and Santiment show that Cardano whales have been actively adding to their positions,
The recent drop in XRP price from $0.66 to around $0.56 has left investors and analysts wondering about the future trajectory of the cryptocurrency. This 7% decrease on a daily scale, and 14% since its local top, has raised concerns about a possible further downtrend. The bearish pattern that has emerged is indicating a potential
Coinbase, a prominent cryptocurrency exchange, recently came under fire for alleged breaches of campaign finance laws. A crypto researcher raised concerns regarding the company’s $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC), suggesting that this donation may have violated campaign finance regulations. The timing of this donation, coinciding with negotiations for