Ethereum's native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency's incredible move upside also boosted its possibilities of facing a bearish backlash.An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, the … [Read more...] about Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears
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Bitcoin price returns to ‘critical’ pivot zone as $33K stays untouched
Bitcoin (BTC) failed to crack $33,000 on July 14 as a bounce from multi-day lows delivered only modest progress.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: Fits and starts below $33,000Data from Cointelegraph Markets Pro and TradingView tracked another day of ranging — albeit with increased volatility — for BTC/USD on Wednesday.The pair briefly touched … [Read more...] about Bitcoin price returns to ‘critical’ pivot zone as $33K stays untouched
Bitcoin reclaims key support zone above $56k with 4% bounce
Bitcoin’s price has recovered above the 200EMA on the 4-hour chart, a key support zone likely to catalyse a fresh upside towards $60k Bitcoin hit resistance around $59,982 on Coinbase on Tuesday, with the rejection resulting in a 10% decline that pushed prices to support near $53,500. The sell-off happened as stocks plummeted, with the cascade effect routing some top … [Read more...] about Bitcoin reclaims key support zone above $56k with 4% bounce
Crypto market returns into green zone after last week’s dip
Monday’s trading session has marked a return to form for Bitcoin (BTC) and other top cryptocurrencies, mostly offsetting the losses incurred by the last week’s slump, according to crypto metrics platform CoinGecko.At press time, Bitcoin is trading at around $53,250, up 6.2% on the day—although still down 5.4% over the week. Ethereum (ETH), the second-largest cryptocurrency by … [Read more...] about Crypto market returns into green zone after last week’s dip
Belarus tech innovation zone may take on regulatory role for crypto business
The Belarusian government has proposed to appoint the Hi-Tech Park Administration as a supervisory authority for local crypto exchanges and digital tokens, First Deputy Prime Minister Nikolai Snopkov announced on March 16. “The government has proposed to make the Administration of the Hi-Tech Park a supervisory body for crypto-exchanges and digital tokens. The President … [Read more...] about Belarus tech innovation zone may take on regulatory role for crypto business