Cryptocurrency trading has evolved from the perception of simply being a game of chance to a strategic process. Successful traders rely on a combination of technical analysis, specific indicators and metrics to find trades with a high probability of profit. Before explaining the three technical analysis strategies that can help confirm a winning trade, let’s first define the key terms: […]
Read moreThe dot-com bubble, which affected tech stock prices in the late 1990s and early 2000s, was caused by media coverage of the burgeoning Internet business and investors’ expectations of dot-com profits. When interest rates soared, the dot-com crash was directly caused. The Federal Reserve raised the fed funds rate, which affects most other interest rates, and this drove investors away […]
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The Ethereum price (ETH) is falling and approaching a low of $1,462.20. Long-term analysis of the Ethereum price: bearish As Ether holds its position above the 50-day line SMA, the negative momentum has subsided. By the way, the biggest altcoin is locked inside the moving average lines. If Ethereum stays above the current support, it will be forced to move […]
Read moreBitcoin’s price remains in the negative, and the Consumer Price Index report that is due out later today has further ratcheted up the anxiety among traders and investors, who are unsure whether or not the data will force the king coin to drop much more. Michael van de Poppe Weighs in A prominent crypto expert by the name of Michael […]
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As stablecoin issuer Paxos anxiously waits to deal with the alleged investigations by U.S. regulators of how it administered fiat-backed stablecoin Binance USD ($BUSD), crypto analysts are trying to gauge the potential impact will on the stablecoin market and the crypto space in general. Yesterday, Paxos announced that it will “end its relationship with Binance for the branded stablecoin BUSD.” Effective 21 […]
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New York regulator NYDFS came down on stablecoin issuer Paxos last week over Binance USD (BUSD), and Paxos had to stop minting the stablecoin, which was thought to be a part of the major crackdown against crypto-related companies. Regulators’ Crackdown on BUSD Makes no Sense However, it doesn’t make any sense because the real reason behind the crackdown was never […]
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The crypto market is getting tested for its resilience following the heightened regulatory crackdown from key agencies in the United States. With the total crypto market capitalization down approximately 1.3 percent to about $1.05 trillion on Tuesday, over $92.65 million has been liquidated in the past 24 hours. Crypto traders are anticipating heightened volatility in the coming days as key […]
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No sooner than the SEC instructed Paxos to cease mining new BUSD coins, huge withdrawals of cryptos were recorded from Binance This fear prevails each time Binance is included in any such events with billions of withdrawals, indicating the traders losing confidence in the platform The SEC has locked horns over the entire crypto space with the recent crackdown on […]
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Cardano price is struggling below $0.38 against the US Dollar, similar to bitcoin. ADA price could start a recovery wave if it clears the $0.375 and $0.380 resistance levels. Cardano Price Analysis Earlier this month, cardano price saw a fresh decline below the $0.388 zone against the US Dollar. The ADA/USD pair declined below the $0.380 and $0.375 support levels. […]
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