The regulatory authorities have just gone after Paxos and the stablecoin that it reportedly issues. Paxos is known for the development of the BUSD stablecoin and the regulators are now going after it. Prior to the reports of scrutiny launched by the regulators, the trading price of Bitcoin (BTC) had hit a high of $22,000….
According to a crypto analyst, the chances are higher for BTC price action to go worse from bad. As Bitcoin declined and now settled for $16700 from $17000, it might further reduce. The current dynamics of the cryptocurrency market are very disturbing. Cryptocurrencies are falling apart, and some of the world’s biggest platforms cannot maintain…
The ongoing winter marks as the worst winter for the whole cryptocurrency market and crypto tokens. November 2022 marks the worst year for many cryptocurrencies as their prices started to fall apart. This situation was worsened by the collapse of FTX, a centralized crypto exchange. On 5th November 2022, the price of Solana (SOL) diminished…
BTC stayed in the bearish territory following the FTX fall, plunging beneath $16K. BTC trades beneath $17.5K and 100hr SMA. A massive bearish line emerges with a resistance of around $16,500 on BTC’s 1hr chart. Failure to climb above $16.5K and $17K might trigger a continued downside. BTC price dropped more than 15% to explore…
According to reports, several BTC miners took advantage of the “bullish” momentum in the past two weeks. According to data from cryptoquant.com, Bitcoin miners sold over 5,925 BTC during the period. In the past 24 hours, Bitcoin has dropped by over 7.3% after over $600 million left the crypto market. The Crypto market has struggled…
According to reports, the bullish drive of the crypto market appears to have dwindled. Since the start of August, the cryptocurrency market capitalization dropped by about 3.7% in the last 24 hours. As a result, the total market cap has fallen below $1.1 trillion after rising above it in July. Also, over $50 billion worth…
For a while, Binance Coin (BNB) has been traveling in the low-price region. The bulls made several attempts of pushing the price of Binance Coin over $399.7, which is the 50-day EMA. Finally, the bulls did manage to push Binance Coin over the particular mark before it ended up experiencing a rebound. The bulls were…
According to a report from the Wall Street Journal, Binance US is currently being investigated by the US Securities and Exchange Commission (SEC). The said investigation is because of the crypto exchange’s relationship with two prominent market makers. The report indicated that the SEC suspects that the chief executive of Binance, Changpeng Zhao (CZ) is…
It was on January 25, 2022, when the price of Binance Coin (BNB) started showing a sign of recovery. As Binance Coin came on the right track, its price started recovering and hinted that it would come close to $400. Unfortunately, the bulls were not able to keep up with their efforts and soon gave…
Top digital coins, including Ethereum and Bitcoin, dropped their values with double-digits as concerns and profit-taking translated to an almost one billion dollar worth of liquidation among the cryptocurrency market. Time for dip-buying? The pre-Christmas crash in the crypto markets agitated investors, diminishing their risk appetite. The digital coin market is the latest to suffer…