Bitcoin has experienced a significant price drop in recent days, falling from the $70K level and approaching a critical support level. The downward trend has been evident on the daily timeframe since the beginning of June, following a rejection from the $72K zone. As the price nears the pivotal $60K support level, there is speculation
Impact
The cryptocurrency industry experienced a significant milestone in May, with a total of $1 billion in investments reported. Ethereum emerged as the dominant player in these investments, showcasing its strong market presence. Despite facing money laundering accusations, Binance executives had tax evasion charges dropped by Nigerian authorities. This development sheds light on the complex legal
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been a hot topic in the cryptocurrency community since it entered the trial phase in April of this year. The outcome of this legal battle could have far-reaching implications for Ripple, XRP, and the entire cryptocurrency market. If Ripple were to lose
Political-themed meme coins have recently captured the attention of the crypto market, with tokens like STRUMP, TRUMP, MAGA, BODEN, and TREMP gaining popularity. These coins have become speculative assets tied to the outcome of the upcoming US presidential election, especially with the highly anticipated debate between President Joe Biden and former President Donald Trump on
Bitcoin has seen a notable decline in the price, dropping below the $64,000 mark to reach $63,564. This downward trend has resulted in a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite this, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin, advocating for
In a bold move, British multinational bank Standard Chartered is preparing to launch a trading desk for Bitcoin and Ether, marking its debut in spot cryptocurrency trading among global banks. This strategic step comes after engaging with various players in the digital asset sector and forming partnerships to meet the growing demand for crypto exposure.
Lately, Bitcoin has been experiencing lackluster price movements, as it failed to sustain above $66,400 and was pushed down to $64,000 multiple times within the week. This has been accompanied by a downward trend in altcoins, particularly in meme coins. The primary cryptocurrency’s recent price movements have left much to be desired, especially considering its
MomoAI is redefining the landscape of social growth within the TON and Solana ecosystems through cutting-edge AI technology. By harnessing advanced viral marketing strategies and AI-bot interactions, MomoAI focuses on expanding its user base rapidly while ensuring high levels of engagement. The platform aims to foster growth specifically within the Telegram ecosystem by combining the
In a recent post on X (formerly Twitter), Santiment, an on-chain analytics platform, highlighted the heavy trader shorting of Cardano (ADA) and XRP. Despite the relief pumps that followed the recent market decline, market traders remain wary of considering this a bullish reversal. The heavy shorting of these two tokens could actually serve as the
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump