Ethereum (ETH), the second-largest cryptocurrency, has recently dropped below its 4-hour Simple Moving Average (SMA). This technical indicator is used to gauge short-term market momentum. When a cryptocurrency’s price falls below this average, it can signal a potential shift towards a bearish market. Technical Indicators 4-Hour Chart: ETH’s price has fallen below the 100-day SMA,…
Customers Left Vulnerable A Senate committee has revealed that JPMorgan Chase, Bank of America, and Wells Fargo have failed to protect their customers from fraud and scams on the Zelle payment network. In 2022, customers lost a staggering $456 million to these scams. Zelle’s False Promise Senator Richard Blumenthal, the committee’s chairman, criticized Zelle for…
BNB’s All-Time High Potential Crypto analyst Kaleo believes BNB, a top-10 cryptocurrency, is mirroring a price pattern that led to record highs in 2021. He advises investors to consider buying at dips, particularly below $650. Ethereum’s Breakout Kaleo predicts Ethereum will break a trendline against Bitcoin, which could trigger a surge in Ethereum-based projects. He…
According to crypto analyst Rekt Capital, Bitcoin (BTC) could be on the verge of a massive rally based on historical patterns. Parabolic Phase on the Horizon Rekt Capital believes Bitcoin may soon enter the “parabolic phase” of the market cycle, which has historically led to significant gains. He notes that this phase could come sooner…
Cryptocurrency analyst Michaël van de Poppe believes that Sei (SEI), a Solana rival, is preparing for a surge in value. Sei’s Bullish Momentum According to Van de Poppe, Sei has experienced a significant decline against Bitcoin (SEI/BTC) since January, losing approximately 70% of its value. However, he believes that the token is approaching a support…
Whale Activity Surges Despite a recent price drop, Dogecoin has seen a surge in whale activity. These are big investors who make transactions worth over $1 million. Over 150 such transactions have been recorded in the past day, the highest since April. Whales’ Intentions Unclear It’s not clear if these whales are buying or selling…
Hidden Risks of Lesser-Known Coins South Korean investors in the cryptocurrency market are reeling from the news that a whopping 70% of closed crypto exchanges have left their customers high and dry. Unlike their international counterparts, Korean investors often venture into riskier, lesser-known cryptocurrencies. The Grim Reality The report reveals that many defunct exchanges simply…
Jobs Report Enigma A confusing US jobs report initially boosted Bitcoin’s value, but a surprising rise in unemployment dampened the mood. The mixed signals raised concerns about a “growth-stagflation” scenario, where economic growth coexists with high unemployment and inflation. This uncertainty spooked investors and led to a sell-off in Bitcoin. Central Bank Confusion The European…
Bullish Inverse Head and Shoulders Pattern Despite recent price dips, Dogecoin has formed a bullish inverse head and shoulders pattern, indicating a potential rally. This pattern often precedes significant price increases. Ordinals on the Rise Ordinals have gained popularity on the Dogecoin network, similar to their counterparts on Bitcoin. The MyDogeWallet team has announced support…
Employee Misappropriates Customer Information A former Wells Fargo employee, Bathia Greene, has been banned from the banking industry by a US regulator for allegedly selling confidential customer information. The breach resulted in fraudulent transactions totaling $688,000. Greene worked as an associate operations processor at Wells Fargo’s lockbox facility in Philadelphia. Between October 2021 and January…
