Day: January 17, 2024

Ethereum Price Grinds Higher, Is This The Start Bulls Were Waiting For?

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Ethereum price is attempting a fresh increase above the $2,550 level. ETH could continue to move up unless there is a drop below the $2,525 support. Ethereum is attempting a fresh increase above the $2,520 level. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,600 and $2,620 resistance levels. Ethereum Price Holds Support…

Bitcoin Price Signals Recovery But The Bears Are Not Out of Woods Yet

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Bitcoin price is still struggling below the $43,500 resistance zone. BTC could start a recovery wave if there is a clear move above the $44,000 resistance zone. Bitcoin price started a consolidation phase from the $41,500 zone. The price is trading above $42,500 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance near $44,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent recovery wave if there is a move above the $44,000 resistance…

Crypto Think Tank Rebels Against This US Senator, Here’s Why

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On December 18, 2023, US Senator Elizabeth Warren sent three letters to the Coin Center Director Jerry Brito, Blockchain Association CEO Kristin Smith, and crypto exchange Coinbase. The senator set January 14, 2024, as the deadline for a response to her inquiries. In the letter addressed to Brito, Senator Warren voiced her concern over reports that his organization and “other crypto interests” were “flexing a not-so-secret weapon” by amassing what she considers a “small army” of former ex-government officials. A “Patriotic” Response To “Unconstitutional” Demands, Crypto Think Tank Firesback Coin…

Grayscale Transfers Almost 12,000 BTC To Coinbase, Bitcoin Price Reacts

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In a significant development that could potentially impact the Bitcoin price, Arkham Intelligence data reveals that Grayscale, the manager and owner of the Grayscale Bitcoin Trust (GBTC), has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12. Grayscale Bitcoin Trust Initiates Substantial BTC Outflow According to the data, four days ago, Grayscale initiated the first batch of BTC outflows from their holdings to the US-based exchange in four separate batches, totaling 4,000 BTC, which amounted to approximately $183…