Day: February 6, 2024

First US bank to let customers keep crypto leaves crypto industry

The American Vast Bank, the first in the United States to offer its clients tools for working with cryptocurrencies, has decided to leave the crypto industry. Information about this appeared on the credit institution’s website. Due to the refusal to work with cryptocurrencies, the Vast Bank team closed the mobile application through which bank clients could conduct transactions with digital assets. “To strategically align our operations, effective Wednesday, January 31st, 2024, we will be disabling and removing the Vast Crypto Mobile Banking application from Google and Apple, which means your…

UNI Price Prediction – Uniswap Bulls Sight Key Bullish Move To $7

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UNI price is moving higher from the $6.00 support. Uniswap is up 5% and it could rally if there is a clear move above the $6.35 resistance zone. UNI started a fresh increase from the $5.50 support zone. The price is trading above $6.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is showing bullish signs and might rally if it clears the $6.35…

What’s Ahead For Bitcoin? Expert Forecasts Pre-Halving Rally As Early As Next Week

Bitcoin (BTC), the largest cryptocurrency in the market, has seen its price hover between $42,000 and $43,000, halting its recovery from the dip below $38,500.  With the upcoming halving event scheduled for April, market experts and crypto analysts such as Rekt Capital are observing historical patterns that suggest an interesting price action scenario, potentially igniting another significant price surge for Bitcoin. Pre-Halving Rally For Bitcoin Imminent?  Rekt Capital, known for its expertise in analyzing market trends, highlights the significance of historical patterns about previous halving events. These patterns reveal a consistent…

Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $2,400

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Ethereum price is consolidating above the $2,250 zone. ETH could start a decent increase if it clears the $2,340 and $2,380 resistance levels. Ethereum is struggling to gain pace for a move above the $2,350 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance near $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh increase if it manages to clear the $2,350 resistance zone. Ethereum Price Eyes Fresh Increase…

Will $100,000 Bitcoin A Reality? This Top Crypto Visionary Thinks So

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A notable figure in the crypto sphere, Blockstream CEO Adam Back, recently highlighted the potential for Bitcoin to rise to $100,000 with a compelling visual metaphor. Halving To Drive Bitcoin To $100,000 Back, whose work was acknowledged by Satoshi Nakamoto in the Bitcoin whitepaper, posted an image of a car’s side mirror with a text reading “$100k BTC.” Accompanied by the caption “laser ray ’til halving day Bitcoin,” this post has sparked a wave of optimism within the community. The mirror warning image suggests that Bitcoin reaching $100,000 might be…

Bitcoin Price Aims Higher, Decoding Key Hurdles To Fresh Increase

Bitcoin price is consolidating above the $42,250 support zone. BTC could start a decent increase if it clears the $43,000 and $43,400 resistance levels. Bitcoin price failed again to clear the $43,400 resistance zone and corrected lower. The price is trading below $43,000 and the 100 hourly Simple moving average. There is a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if there is a clear move below the $42,250 support. Bitcoin…

Bitcoin ETFs Launch Google Ad Campaigns To Attract Investors

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After the approval and launch of spot Bitcoin ETFs (Exchange-Traded Funds) by the US Securities and Exchange Commission (SEC), ETF issuers have extensively promoted their products on different media platforms to attract retail investors. Bitcoin ETF Issuers Looking To Attract Retail Investors At the end of January, giant technology company Google changed its advertisement policy to allow crypto fund managers to advertise crypto products in the search engine. Beginning on January 29, the company would “update the Cryptocurrencies and related products policy to clarify the scope and requirements for the…

FTT Crashes 30% As FTX Relaunch Hopes Fade: Is the Dream Over?

The dream of a revived FTX exchange evaporates, triggering a massive sell-off of its native token, FTT. According to Kaiko, on February 5, FTT, the now utility-free currency of the defunct exchange, plummeted over 30% last week, erasing much of its recent gains fueled by speculation of an FTX comeback.  FTT price collapse | Source: Kaiko via X FTX Won’t Resume Operations The worrying drop follows reports that the bankrupt exchange, once led by Sam Bankman-Fried, is unlikely to resume operations. Notably, the news comes despite a glimmer of hope…

Analyst Predicts $60,000 Surge Before Halving And New ATH By Q4

Kevin Svenson, a prominent crypto analyst, has recently shared his 2024 price forecast for Bitcoin, providing a nuanced view of the expected trends in the coming months. Svenson’s analysis, which breaks down the year into distinct phases, offers a glimpse into the possible highs and lows that Bitcoin might experience. His predictions paint a picture of a year marked by significant volatility, a characteristic trait of the crypto market. Analyst Projected Bitcoin Phases In 2024 Svenson’s forecast is split into four key phases: a rally leading up to the BTC…