Crypto Market News: The Southern District Court of New York on Thursday granted Attorney Kylie Chiseul Kim’s motion to withdraw as counsel for Ripple Labs. Earlier, CoinGape reported that Ripple could be at loss with the dropping out of the attorney from the case. In a latest, defense lawyer James Filan informed that Kim’s motion has been granted. Meanwhile, the wait for Summary Judgement ...
Georgia, a major cryptocurrency-friendly country among post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.The National Bank of Georgia (NBG) plans to launch mandatory supervision of virtual asset service providers (VASPs) starting Sept. 1, 2023.The NBG acting governor Archil Mestvirishvili said that the new regulatory measures will help the country combat money laundering,...
Santiment recently tweeted that BTC may soon enter into a mini rally.
According to the post, the latest debt ceiling deal has had a positive impact on altcoins.
The daily RSI on BTC’s chart supported Santiment’s bullish outlook at press time.
The blockchain intelligence firm Santiment predicted in a tweet this morning that Bitcoin (BTC) may rally soon. This optimistic outlook comes after the U.S. House passed a crucial debt ce...
Bitcoin failed to build upside momentum on Hong Kong’s crypto regulatory regime launch on June 1. BTC price tumbled 2%, extending Wednesday’s downfall as Bitcoin closed the month 10% lower for the first time this year.
Several factors including macro, technical, and regulatory challenges are heavily impacting the crypto market, causing a market-wide selloff.
Bitcoin Price Falls As US IR...
While many beginners base their trades on the negativity brought about by devastating events happening in the crypto space, experienced traders base their decisions on different factors, helping them come out on top — even in a bear market.Speaking with Cointelegraph, Dan Tapiero, founder of growth equity funds 10T Holdings and 1RoundTable Partners, shared some of his most important strategies to navigate the market. These include having a ...
Bitcoin selling pressure continues and more so as the world’s largest cryptocurrency slips by another 3% and is now trading under $27,000. As of press time, the BTC price is trading 3.13% down at a price of $26,795 and a market cap of $519 billion.
Since the beginning of 2023, Bitcoin (BTC) has shared a weakened correlation with technology stocks. For the last month of May, Bitcoin gave th...
Crypto Market News: As the US lawmakers look to vote on the much anticipated bill to lift the $31.4 trillion debt ceiling, the United States’ overall macroeconomic scenario continues to look unstable, in the midst of a series of interest rate hikes by the US Federal Reserve and the regional bank crisis. This is besides the global economic distress amid the Ukraine war. In this context, con...
The cryptocurrency market experienced a dull month with Bitcoin BTC $27,056 dropping 7.37%, its worst performance since November 2022 and Ethereum ETH $1,864 losing 0.22% in May. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the growth of the Ethereum staking sector. In the first half of May, memeco...
A recent tweet by Glassnode highlighted the importance of Inscription Transactions on Bitcoin.
These Inscription Transactions are currently generating 25% of all transaction fees.
At press time, BTC was trading hands at $26,936.39 after a 0.78% price decline.
Inscription Transactions on the Bitcoin (BTC) network have witnessed an impressive surge in popularity, with a notable contribution from BRC-20 tokens, according to a rec...
Glassnode data shows Bitcoin’s price is in a critical region.
Bitcoin’s price behavior around this region is a crucial factor, according to Glassnode.
Elevating above the indicated support would preserve Bitcoin’s bullish pressure.
Data from the on-chain metrics platform, Glassnode, shows Bitcoin’s price is in a critical region. In a tweet, Glassnode noted Bitcoin’s price behavior around this region as a crucial factor. It cou...
