Month: September 2022

Bitcoin Slumps Below Key Support Level. How Low Can It Get?

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Bitcoin have retreated to a crucial area of support that served as the upper limit of the negative movement in late June at the 18,000 range. Bitcoin Breaks Crucial Level After falling below the bear flag at the middle of August, prices were able to fall further on a break of 20,000 before reaching a crucial area of support at around 19,600. Although it has just returned to action, this level has also served as a critical source of resistance for the leading cryptocurrency since 2017. BTC/USD falls below $20k.…

Ethereum Sets New 2022 High Against Bitcoin

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The Ethereum Merge is fast approaching, and the anticipation around the upgrade has led to some interesting happenings in the crypto sector. It has propelled the price of the digital assets to new highs, even with the downtrend, holding its value better than most of the market. Ethereum has now marked another new high ahead of its long-awaited Merge. This time around, it is a win against the largest cryptocurrency, Bitcoin. ETHBTC Touch New Highs Ethereum versus Bitcoin is a never-ending contest that has put the two communities at odds.…

Bitcoin Rebounds Above $19K

Craig Erlam, senior market analyst for Oanda, was wary of predicting a continued price increase. โ€œThe question now is whether we could see another spiral, as we so often have in the past, in the event that bitcoin breaks the summer lows around $17,500 to trade at late 2020 levels,โ€ Erlam wrote in an email. Source

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Polygon Shows Bearish Signs, Can $0.76 Support Hold Price Of Matic?

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The price of Polygon (MATIC) has struggled to stay above the key support zone of $0.8 as the price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000 with the price stalling on the next movement. This has affected the price of altcoins, including Polygon (MATIC), as prices dropped below $0.8 but reclaimed that region quickly. (Data from Binance) Polygon (MATIC) Price Analysis On The Weekly Chartย  The price of MATIC has had a difficult time replicating its bullish move that…

Vermont’s financial regulator alleges Celsius and its CEO made ‘false and misleading claims’

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The โ€‹โ€‹Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firmโ€™s financial health and its compliance with securities laws. In a Wednesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Vermontโ€™s financial regulator said Celsius and Mashinsky โ€œmade false and misleading claims to investorsโ€ which allegedly downplayed concerns about volatility in the crypto market, encouraging retail investors to leave their funds on the platform or make new investments. According to the state…

The REAL REASON Bitcoin Will Hit $500,000 Per Coin By 2030 (NOT CLICKBAIT)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Why is Bitcoin valuable? What will a crypto be worth in 2030? What could kill Bitcoin? Today we do a deep dive on largest cryptocurrency and discuss its road to $500,000 ๐Ÿ‘‹ SLAP THE LIKE BUTTON! ๐Ÿ”ต Crypto Expert Gives SHOCKING Bitcoin Prediction for September | Eric Crown ๐ŸŸฃ Crypto Expert Predicts 12k Bitcoin THIS YEAR | Gareth Soloway ๐Ÿ”ด Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment) ๐ŸŸ  Mark Cuban EXPOSES The Crypto Market in 2022 |…

Asset Manager Brevan Howard Reveals Details About Its Record-Setting $1B Crypto Hedge Fund

Brevan Howard, which had $25 billion in total assets under management as of July, submitted a filing for the Digital Asset Multi-Strategy Fund Ltd hedge fund, which has raised $184.15 million since sales opened on April 1. The capital came from four investors, and thereโ€™s a $10 million minimum set for any outside investments. The firm indicated โ€œIndefiniteโ€ for total offering amount, essentially the fundโ€™s target size. Source

US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier

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Two United States government financial officials gave speeches on Sept. 7 in which they expressed their positions on crypto regulation. Both had reservations about crypto. Michael Barr, who was recently appointed United States Federal Reserve Board vice chair for supervision, made his first speech in his new capacity at the Brookings Institute. Acting Comptroller of the Currency Michael Hsu, reiterated his feelings about crypto at the annual conference of The Clearing House and Bank Policy Institute. Barr spoke about โ€œsome of my near-term goals and how I will approach achieving…