The growing number of banks offering crypto trading and custody for clients requires global rules to protect the financial system, according to Sarah Breeden, the BOE’s executive director for financial stability strategy and risk, the newspaper said. Source link … [Read more...] about Bank of England to Ramp Up Talks on Crypto Rules as Data Is Hard to Find: Report
Alts Find It Tough to Beat Layer 1 King Ethereum
As the Federal Reserve appears to be poised to take a more hawkish stance on monetary policy (for now… maybe), especially in light of recent high inflation data, cryptocurrency investors seem to be rethinking how they’re allocating their money in the sector.One would expect that to mean good news not just for the price of ether, the native token of the Ethereum network, but … [Read more...] about Alts Find It Tough to Beat Layer 1 King Ethereum
Bitcoin Could Find Support at $56K-$60K
Bitcoin (BTC) buyers took some profits after the cryptocurrency reached an all-time price high near $68,950 on Wednesday. The cryptocurrency is down about 2% over the past 24 hours and could find lower support around the $56,000-$60,000 price range.Upside momentum is starting to slow, especially given recent overbought signals on the charts. This suggests BTC’s pullback could … [Read more...] about Bitcoin Could Find Support at $56K-$60K
Bitcoin Rally Stalls; Could Find Support at $63K-$65K
Bitcoin (BTC) is giving up some gains after reaching an all-time high near $68,500 on Monday. The cryptocurrency is overbought on intraday charts, although support around the $63,000-$65,000 range could stabilize a pullback.The relative strength index (RSI) on the four-hour chart is the most overbought since Oct. 20, which preceded a near-10% price decline. Still, pullbacks … [Read more...] about Bitcoin Rally Stalls; Could Find Support at $63K-$65K
Is Bitcoin overbought or oversold? Use Bollinger Bands to find out!
Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation.One of the more popular indicators widely used by several traders is Bollinger Bands, an indicator that can be used to spot price peaks, lows, and … [Read more...] about Is Bitcoin overbought or oversold? Use Bollinger Bands to find out!