Month: February 2024

BNB Price Surges Over 5%, Why Bulls Could Aim For $400 In Feb 2024

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BNB price is gaining bullish momentum from the $315 support zone. The price could extend its rally above $375 and rise toward the $400 level in the near term. BNB price is showing bullish signs above the $350 pivot level. The price is now trading above $355 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $354 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gather bullish momentum if there is a close…

Traders Target $80,000 In High-Stakes Options Frenzy

As Bitcoin breached the $52,000 mark, a notable shift in investor sentiment has been observed, with an increased interest in call options for Bitcoin at ‘ambitious’ strike prices. This trend, primarily focusing on strikes above $60,000, signals a ‘robust’ confidence among traders in Bitcoin’s potential for further gains. QCP Capital, a renowned crypto asset trading firm, explained this phenomenon in its latest report, emphasizing the concentrated buying activity in these high-strike call options with various expiry dates. A Surge In High-Strike Call Options Call options are financial contracts that give the…

Mexican Billionaire Outlines 4 Key Reasons to Buy Bitcoin — Says ‘You Have to Know How to Invest’

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Mexican billionaire Ricardo Salinas has outlined four key reasons why investors should buy bitcoin, including long-term growth potential, diversification, and protection against inflation and currency devaluation. Moreover, he advised: “You have to know how to invest and be patient, not get scared when it goes down and buy, and not get excited when it goes […] Original

Ethereum Price Signals A Chance For Bullish Streak To $3K

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Ethereum price is showing bullish signs above the $2,720 support. ETH eyes more gains and might surge toward the $3,000 resistance zone. Ethereum is consolidating gains above the $2,780 support zone. The price is trading above $2,800 and the 100-hourly Simple Moving Average. There are two bullish trend lines forming with support at $2,825 and $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Eyes More Gains Ethereum price gained pace above the $2,750…

Crypto Money Laundering Plummets By 29% In Latest Chainalysis Findings

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According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started adapting their tactics to evade detection and further obscure the movement of illicit funds.  Evolving Tactics In Crypto Money Laundering According to the report, illicit addresses sent approximately $22.2 billion worth of cryptocurrency to various services in 2023, a significant decrease from the $31.5 billion sent in 2022.  While part of this decline can be…

Indicators Show Signs of More Upsides

Bitcoin price is holding gains above the $52,000 resistance. BTC is consolidating gains and might aim for more upsides toward the $55,000 resistance. Bitcoin price is showing positive signs below the $52,800 resistance zone. The price is trading above $51,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $51,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $52,800 resistance zone. Bitcoin Price Eyes More Upsides…

Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’

U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a popular tool for Hamas or the Palestinian Islamic Jihad” and “Hamas is using crypto in relatively small […] Source CryptoX Portal

Are These Giant Sell-Offs About To Crash The Crypto Party?

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According to a recent report from Spot On Chain, Bitcoin might be on the edge of a notable plunge. So far, the flagship cryptocurrency has recently broken through the $52,000 mark and traded above it for the first time since December 2021. However, Spot On Chain reveals that Bitcoin faces potential challenges that could affect its immediate market performance. Two significant sell-off events loom on the horizon, potentially influencing Bitcoin’s price dynamics in the short term. These developments have sparked speculation, prompting a closer examination of their possible impacts on…

Bitcoin Signal That Has Held Since December Says It’s Time To Sell

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An analyst has explained that an indicator that has been holding for Bitcoin since December is now giving a sell signal for the cryptocurrency. TD Sequential Is Providing A Sell Signal On Daily Bitcoin Chart Currently In a new post on X, analyst Ali discussed a TD Sequential sell signal forming in the Bitcoin daily price chart. The “Tom Demark (TD) Sequential” is an indicator in technical analysis used for pinpointing locations of probable tops and bottoms in any asset’s price. The TD Sequential has two phases. The first is…