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Bitcoin is still unable to break above or below its current range. Yesterday, BTC’s price was seeing a trading session in the green until a surge in negative news contributed to an increase in selling pressure. Related Reading | New Study Shows 37% Of People Want Governments To Legalize Bitcoin Traditional markets also tumbled and added to the downside price action as Bitcoin approached a major area of resistance at $32,000. At the time of writing, Bitcoin (BTC) trades at $29,800 with a 6% loss in the last 24-hours. BTC moving…
The co-founder of the Singapore-based company wants to build a safer crypto ecosystem, all while giving early crypto industry players the tools they need to do so responsibly. Source
With DeFi becoming accepted by the mainstream, IDOs (Initial Decentralized Exchange Offerings) grow in tow. With that being said, researching a token and the project behind it in-depth and ensuring its safety is a stressful endeavor at the best of times. Many are wary of participating in token sales With fraudulent tokens and crypto-related scams on the rise, it’s no surprise crypto users are becoming more careful about what they buy. The Vent Launchpad aims to resolve this by taking it on themselves to do their due diligence on all…
Citadel Securities, of course, is helmed by crypto skeptic Ken Griffin, who scuttled ConstitutionDAO’s efforts to buy an original copy of America’s founding document. Though he had earlier said crypto was a “Jihadist call” against the U.S. dollar, his firm has since announced plans to make markets for various cryptocurrencies. Source
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“The bill gives the industry what it wants most: the Commodities Futures Trading Commission (CFTC) as its primary regulator, even though it exists to police markets where physical producers and purchases of commodities like corn, wheat, oil, natural gas, hogs, and cattle hedge their price risk to facilitate the delivery of everyday goods to the American people,” said Dennis Kelleher, CEO of Better Markets, a Washington-based group that often seeks to counter financial industry lobbying. Source
At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline. SOL price nears bullish wedge breakout First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines. As a rule of technical analysis, a falling wedge’s profit target is measured after adding the maximum distance between its upper…
Bitcoin (BTC) price bounces have been short-lived, lacking significant momentum for a turnaround. Lower support is seen at $25K-$27K and resistance at $33K. Original
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