Ethereum (ETH) is facing a crucial test as it approaches the key support level of $3,360. This level has become a battleground between bullish and bearish forces. Support and Resistance On the 4-hour chart, ETH’s price has dropped below the 100-day Simple Moving Average (SMA) and is currently consolidating just above $3,360. The Relative Strength…
Peter Thiel, the tech mogul known for his bold investments, has expressed skepticism about a significant Bitcoin price increase anytime soon. Thiel’s Bitcoin Stance Despite being a Bitcoin holder, Thiel believes a dramatic price surge is unlikely. He sees Bitcoin as a potential hedge against inflation and a challenge to central banks. Founders Fund’s Bitcoin…
Sideways Movement Dogecoin (DOGE) and Shiba Inu (SHIB) have been stuck in a rut after the recent market downturn. While other cryptocurrencies have bounced back, these meme coins have remained stagnant. Correlation with Bitcoin One reason for their lack of movement is their strong correlation with Bitcoin. As Bitcoin’s price has struggled, so have DOGE…
Nigeria’s Crypto Landscape Nigeria’s relationship with cryptocurrency has been rocky, but it’s now starting to thaw. The Nigerian Securities and Exchange Commission (SEC) is now open to the idea of crypto, after months of a hardline stance. Over a third of Nigerians own or use cryptocurrencies, making it a significant market. The SEC acknowledges this…
Three of the largest banks in the United States—JPMorgan Chase, Bank of America, and Wells Fargo—have been implicated in an alleged $92 million money laundering scheme. Drug Money Deposits According to court documents, alleged drug runners and money launderers deposited hundreds of thousands of dollars in illicit funds into accounts at these banks. The US…
Polkadot (DOT) Undervalued Crypto analyst Michaël van de Poppe believes Polkadot (DOT) is significantly undervalued compared to Ethereum (ETH). He predicts DOT will follow ETH’s upward trend due to its potential for growth within the Polkadot ecosystem. Bitcoin Consolidation Van de Poppe expects Bitcoin (BTC) to consolidate around the $60,000 range in the short term….
Convex Finance (CVX) Cryptocurrency analyst Credible Crypto sees bullish potential in CVX, an Ethereum-based altcoin. CVX’s price chart shows similarities to Dogecoin’s prior to its massive breakouts. If support levels hold, CVX could experience significant gains. Bitcoin (BTC) Credible Crypto suggests BTC has a chance of rallying in the coming weeks and months. The analyst’s…
Cryptocurrency analyst Kevin Svenson believes altcoins are poised for a surge soon. Bitcoin and Ethereum Driving Altcoin Momentum Svenson points to Bitcoin’s recent sideways consolidation and Ethereum’s continued growth as indicators of an impending altseason. He notes that Bitcoin has dominated the market narrative since early 2023, but that narrative is now shifting towards altcoins….
Coinbase to List Shiba Inu Coinbase, the largest crypto exchange in the US, is planning to list Shiba Inu (SHIB) for its futures contracts. They’ve submitted a filing to the Commodity Trading Futures Commission (CFTC) to start trading soon. Shiba Inu’s Growing Influence This filing is a major boost for Shiba Inu, showing its growing…
Tokencan, VBIT, and HKD.com Exposed The Hong Kong Securities and Futures Commission (SFC) has issued a fraud alert on three entities: Tokencan, VBIT, and HKD.com. These companies are suspected of engaging in fraudulent activities related to virtual assets or operating without a license. Tokencan Tokencan, a supposed virtual asset trading platform, deceived investors through social…
