Ethereum’s price has once again taken a dip, falling below the $3,000 mark. The crucial support levels to watch out for are $2,800 and $2,850, as ETH needs to stay above these levels to prevent a significant drop. Despite testing the $2,900 zone, the price is currently below $3,120 and the 100-hourly Simple Moving Average.
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As April comes to a close, the cryptocurrency industry faced a significant downturn in combined losses from hacks and scams. According to security firm CertiK, the month witnessed the lowest recorded figure, with approximately $25.7 million lost to exploits, hacks, and scams. This marked a 141% decrease from the previous month and is the lowest
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The recent Bitcoin halving has presented a challenging dilemma for Bitcoin miners. According to CryptoQuant CEO Ki Young Ju, miners are currently facing a critical decision point – whether to capitulate to the current market conditions or wait for a potential increase in Bitcoin price. Ju expressed his concerns about miners holding onto their crypto
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House Financial Services Committee Chairman Patrick McHenry has recently made accusations against SEC Chair Gary Gensler, claiming that Gensler misled Congress during his testimony in April 2023. The accusations stem from Gensler’s alleged evasion of direct inquiries about whether the SEC considers Ethereum (ETH) to be a security. McHenry highlighted that recent court documents suggest
In a significant development for the cryptocurrency industry, former Binance CEO Changpeng Zhao received a four-month prison sentence in a Seattle courtroom. This marked a pivotal moment for the industry giant and its influential founder, raising questions about the future of Binance and the broader implications for the cryptocurrency market as a whole. Judge Richard
Bitcoin is known for its volatility and its ability to reach new all-time highs, but what factors play a crucial role in determining its future trajectory? Crypto analyst Ali Martinez has provided key insights into the significance of the $59,800 price level for Bitcoin and the potential outcomes associated with it. According to Martinez, the
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In recent analysis by cryptocurrency expert Lark Davis, it has been highlighted that there are several significant developments in the Bitcoin ecosystem that could potentially lead to a more intense bull cycle than originally anticipated. The key factors driving this predicted surge include institutional and global acceptance of Bitcoin. These changes have the potential to