Bybit recently made the decision to remove China from the list of countries whose citizens are restricted from using its services. This move came as a surprise to many in the crypto industry, considering China’s strict regulatory stance towards cryptocurrencies. Despite China’s anti-crypto stance and previous prohibitions on crypto transactions and mining activities, Bybit has
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The crypto market has been relatively stagnant since Bitcoin reached a new all-time high in March. However, despite this, Bitcoin, Ethereum, and Solana continue to outperform traditional assets such as Gold. According to a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), these three cryptocurrencies have shown impressive annualized returns of
BNB (BNB) recently experienced a breakout from the consolidation area, signaling a possible significant upward trend. This breakout is a positive indication that the market is recovering strongly, instilling optimism among traders and investors. The fact that BNB surpassed the $700 mark is a clear sign of the bullish momentum. Over the past 24 hours,
XRP price has been displaying a gradual upward trend above the $0.5120 zone, hinting at a possible major increase if it manages to surpass the $0.5320 resistance level. The cryptocurrency is currently striving for an upward push above the $0.5220 mark, trading above $0.520 and the 100-hourly Simple Moving Average. A connecting bullish trend line
Bitcoin, the mysterious digital currency, is once again making headlines as the US banking system faces increasing pressure. Some experts believe that Bitcoin could reach $1 million per coin, driven by economic uncertainties, while others remain cautious. Supporters of Bitcoin argue that its limited supply and decentralized nature make it an ideal safe haven asset.
Bitcoin has shown a notable increase above the $70,000 resistance, indicating a positive trend in the market. The cryptocurrency has surpassed key levels such as $69,500 and $70,000, signaling a potential rise in the near future. A crucial bullish trend line is forming with support at $69,200 on the hourly chart of the BTC/USD pair.
UNI price has recently experienced a major increase, surpassing the $10.50 resistance level. This positive movement indicates that Uniswap might be poised for further upsides, potentially breaking through the $12.00 resistance mark in the near future. Upon analysis of the hourly chart of the UNI/USD pair, it is evident that there was a break above
In the ever-changing landscape of the cryptocurrency market, Binance Coin (BNB) has emerged as a standout performer, experiencing a remarkable surge of 7% within the past 24 hours. This surge not only reflects the overall positive trend in the market but also positions BNB ahead of the top five cryptocurrencies in terms of performance. Interestingly,
The Chief Investment Officer at Bitwise, Matt Hougan, has pointed out that the market is failing to properly assess the significant changes in Washington’s stance on cryptocurrencies. In a memo issued on June 4th, Hougan explained that there has been a noticeable shift towards a more positive outlook on cryptocurrencies within the US political landscape.
The upcoming House Appropriation budget may hinder the US Securities and Exchange Commission (SEC) from moving forward with its contentious Staff Accounting Bulletin 121 (SAB 121). The bill under consideration would disallow the SEC from using allocated funds to enforce the rule. This restriction is significant as appropriations enable agencies to expend funds from the