The bankruptcy court has taken measures to ensure that the liquidation of FTX assets won’t become a burden for the crypto market, demanding the sale to occur through an investment adviser in weekly batches in accordance with preestablished rules. Following the initial impact, which drove SOL’s price down to a two-month low of $17.34 on Sept. 11, some degree of...
Bitcoin, BTC/USD and Ethereum ETH/USD all traded higher on Monday, with Bitcoin surpassing the $28,000 mark and Ethereum trading above the key $1,700 level. Bitcoin SV BSV/USD emerged as the biggest gainer in the previous 24 hours, while GMX GMX/USD recorded the biggest decline. The global cryptocurrency market capitalization has increased to $1.12 trillion,...
Market capitalization is currently at 539 billion USD. However, the trading volume in the past 24 hours only reached 10.4 billion USD, down about 8% compared to the previous trading session. In addition, on the Binance tracking tool, the prices of other virtual currencies witnessed notable fluctuations such as Ethereum price decreased by 0.57% at 1,638 USD; BNB...
Overview of the CRYPTO market when the NFP bulletin board is published The market is still forming a slight growth trend. Waiting for a new breakthrough to increase strongly again! It is predicted that BTC will continue to grow in the near future!
Earlier this week, when concerns started to grow over the state of the two businesses’ finances, crypto market analysts began to speculate that Alameda might need to sell some of its SOL tokens to raise liquidity. The fears sent the SOL price tumbling – as traders rushed to get ahead of the selling pressure.
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the...
The SEC lawsuit heralds more regulatory difficulties for the cryptocurrency industry, which is reeling from increased scrutiny after a series of high-profile bankruptcies so far in 2022. The commission also recently threatened action against Coinbase (NASDAQ:COIN) for non-compliance with securities laws. Coinbase shares fell 10% following news of Binance's...
The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected. It is predicted that BTC will continue sideways waiting for new moves from investors
During the correction from late 2021 to early 2022, the trendline provided very good support for the price. However, this threshold was later broken and ETH fell into a deep correction. On the other hand, from June 2022 until now, ETH is still moving in the rising price channel and the lower edge of the price channel (Lower Channel Line) will play a strong...
In the weekly chart, BTC broke the short-term trendline (formed from January 2023 to present) after testing the 100-week SMA and reversing afterward. At the same time, the MACD indicator has shown a sell signal in a bearish divergence state and the MACD line is receding close to the 0 threshold. This shows that BTC's short-term prospects are less...