Price Movement Ethereum (ETH) has recently dipped below the 100-day Moving Average (MA) in both the 1-hour and 4-hour timeframes. This suggests a potential downward trend. Indicators Support and Resistance: Support is at $3,067, while resistance is at $3,681 and $3,591. 4-Hour RSI: The RSI signal line is below 50, indicating a downward trend. 4-Hour…
Limited Supply and Demand Bitcoin’s unique feature is its limited supply, unlike any other currency. New Bitcoins are created every 10 minutes, but the issuance rate is reduced by 50% every four years in a “halving” event. This programmed scarcity creates a supply-and-demand imbalance. As more people adopt Bitcoin, demand increases. However, the supply is…
An Atlanta woman is facing financial hardship after a major bank suddenly froze her account and refused to release her funds. Account Locked Without Warning Shelley Camp says Green Dot Bank locked her account without warning, citing “unusual activity.” The bank’s decision left her stranded with no access to her money. Forced to Rely on…
Supreme Court Decision The Supreme Court of Montenegro has overturned a previous ruling that approved the extradition of Terra founder Do Kwon to South Korea. The court found that lower courts had not followed proper procedures in their initial approval of the extradition. Procedural Violations The Supreme Court stated that the Court of Appeal had…
Surge in Token Value Polymesh (POLYX), a crypto project focused on real-world asset tokenization, has seen its native token surge 69% in the past week. The token is currently trading at $0.415, up from $0.245 last week. New Private Blockchain The surge comes amidst the rollout of Polymesh Private, a confidential version of the project’s…
Year-End Target of $90,000 Analysts at Bernstein believe Bitcoin will hit $90,000 by the end of 2024. They attribute this optimism to: Strong inflows into Spot Bitcoin ETFs Record mining income Mid-2025 Prediction: $150,000 The analysts also maintain their prediction that Bitcoin will reach $150,000 by mid-2025. They cite the influence of Spot Bitcoin ETFs…
Pullbacks on the Horizon JPMorgan analysts warn that Bitcoin may experience further declines despite the recent optimism surrounding the upcoming Halving event. They cite decreasing inflows into Bitcoin ETFs and high open interest in futures as bearish signals. Profit-Taking and Overbought Conditions The analysts also note that Bitcoin is still considered overbought, suggesting that profit-taking…
Surge in Meme Coins Solana has seen a surge in meme coins, with tokens like Bonk Inu (BONK) and Dogfight (WIF) showing impressive growth. However, this popularity has come with some challenges. Challenges Faced by Meme Coin Ecosystem Failed Transactions:The influx of bots has led to a high number of failed transactions, reaching 72%. While…
Security Breach Summary On March 19, Trezor’s Twitter account was hacked and used to promote a fake cryptocurrency presale. The hacker posted a link to a website that stole users’ funds. Trezor’s Response Trezor regained control of the account and published a preliminary report addressing concerns. They emphasized that the breach was not due to…
Trust Company Charter Approval WisdomTree, known for its Bitcoin ETF, has received a trust company charter from the New York State Department of Financial Services (NYDFS). This allows WisdomTree to operate as a trust company in New York, paving the way for its crypto app launch. Fiduciary Custody and Stablecoins With this charter, WisdomTree can…
