Many market analysts are focusing on Bitcoin as the Bitcoin Halving approaches, but crypto analyst Jason Pizzino has made a strong case for altcoins like Ethereum (ETH) and Solana (SOL). In a recent video on his YouTube channel, Pizzino suggested that Ethereum could potentially experience a breakout in the coming months. His analysis of the
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Bitwise Asset Management, a prominent provider of cryptocurrency index funds, has recently suggested that the U.S. Securities and Exchange Commission (SEC) delay the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This move comes amid the soaring success of the Bitwise Bitcoin ETF (BITB), which has garnered over $2 billion in assets under
Cryptocurrency analyst Rekt Capital recently discussed the potential breakout of Bitcoin (BTC) from a weekly range, signaling a possible upswing. The analyst identified a weekly range known as Black-Black, where Bitcoin has been trading since experiencing an 18% correction. This range was created by the candle-bodied peak and the upside-wicking peak from 2021. Rekt Capital
In recent times, there has been a noticeable increase in crypto crimes globally, spurred on by the booming market. One of the most vulnerable groups being targeted by fraudsters are elderly individuals, who are often convinced through various means to exchange their funds for cryptocurrencies with the promise of substantial investment gains. This alarming trend
The Financial Conduct Authority (FCA) in the UK has recently released guidelines addressing meme-based marketing for financial products, targeting both financial services firms and social media influencers. The aim is to ensure transparency and prevent misleading marketing practices in regards to cryptocurrencies and other investments. The FCA’s guidelines emphasize the importance of obtaining approval from
The ongoing surge in the price of Bitcoin has been attributed to the accumulation trend observed among large whale addresses. However, recent on-chain data reveals that this accumulation trend has also extended to the next cohort of traders known as “Sharks.” These addresses hold between 100 BTC and 1,000 BTC and have recently accumulated a
The Bitcoin price has seen a significant resurgence over the past week, leading to optimism in the cryptocurrency market. This renewed momentum has not only affected Bitcoin but has also resulted in profits for other major cryptocurrencies. The current price action of Bitcoin seems to be indicating a bullish trajectory, with the formation of an
The past week saw a significant increase in Bitcoin (BTC) prices, with the crypto asset surging by 9.34% to trade above $71,000, according to data from CoinMarketCap. This upward trend has left many BTC investors excited about the potential for large price gains in the current bullish cycle. However, amidst these optimistic forecasts, Bitwise CEO
CFTC Commissioner Caroline Pham recently expressed concerns about her agency’s charges against KuCoin, suggesting that they may infringe on the duties of the SEC. Pham acknowledged the enforcement action taken by the Division of Enforcement as aggressive, but raised questions about the interpretation of the allegations. Specifically, she pointed out that the complaint implies that
Kerrisdale Capital recently released a report questioning the valuation of MicroStrategy shares, stating that the shares have become overvalued. The company argues that the premium at which MicroStrategy’s shares are trading, which represents over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, BTC would need to be