Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the challenging market conditions, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. This growing optimism
Bitcoin’s price saw a significant drop on Friday, only to bounce back slightly on Saturday and maintain a position above $54,000 since then. The cryptocurrency had been on a bullish trend earlier in the week, nearing $60,000 on Tuesday. However, a sharp rejection sent it tumbling to $55,500 by Wednesday. This was followed by another
A recent case in Scotland has caught attention due to the groundbreaking move to seize £110,000 from a 29-year-old individual, John Ross Rennie. This marks the first instance where proceeds of crime legislation have been employed to confiscate cryptocurrency as physical cash. The case was settled at the High Court in Edinburgh, raising eyebrows and
Recently, the U.S. Federal Reserve took action against United Texas Bank (UTB) due to significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 revealed shortcomings in board oversight and senior management’s handling
Recently, Ethereum has experienced a significant bearish trend, characterized by a sharp decline in price after retracing to the lower boundary of a broken wedge pattern. This decline has been further emphasized by the formation of a death cross, indicating a bearish market sentiment among investors. The lack of inflows into spot ETH ETFs has
The cryptocurrency market has been known for its volatility, and as it continues to experience dips and unpredictable movements, large investors are still actively involved in the space. Data intelligence firm Santiment recently conducted an analysis revealing the top ten crypto projects that have seen a significant increase in whale activity. These whales are investors
Ethereum (ETH) has been facing significant selling pressure and fear in the market after experiencing a 23% decline, bringing its price down to yearly lows at $2,200. One of the factors contributing to Ethereum’s struggle is the declining on-chain activity. Total transaction fees on the Ethereum network have been decreasing, mainly due to lower fees
The recent Bitcoin and crypto market crash has sent prices plummeting into the red across the board. This sudden drop has caused a stir among crypto investors, resulting in a sharp decline in sentiment. The Fear & Greed Index, a key indicator of investor sentiment, has now plummeted into the Extreme Fear territory. The Fear
Recent developments in the cryptocurrency market indicate that Ethereum has entered oversold territory. This could potentially pave the way for a significant price rally, with some analysts predicting that ETH could reach as high as $6,000. Analysts like Titan of Crypto have pointed out that historically, Ethereum tends to experience a rally or a short-term
Trading bots have gained popularity in the financial markets due to their ability to automate trading processes. These computer programs utilize algorithms to analyze market data and execute trades based on pre-set rules. By taking the human element out of trading, bots can operate efficiently in fast-paced markets and make split-second decisions. Market volatility can