Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […] Original
Erroneous early reporting and discussions on X about the European Union’s approach to cryptocurrency anonymity have been clarified by industry expert Patrick Hansen, stating that the EU’s Anti Money Laundering Regulation (AMLR) targets broader anti-money laundering (AML) and counter-terrorism financing (CFT) efforts across various sectors, including crypto, without singling out cryptocurrencies for special regulation. Contrary […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Fezoo (FEZ) is a trending investment choice that has Dogecoin (DOGE) and Shiba Inu (SHIB) investors joining its ongoing presale. Fezoo brings solutions to decentralized exchange users while offering a lucrative trading experience. The markets have been experiencing massive shifts, with new tokens delivering impressive performances while some established tokens dishing out muted growth. This change in the cryptocurrency markets has created new opportunities for upcoming projects to shine.…
A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to […] Source CryptoX Portal
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […] Source CryptoX Portal
Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time, compared to 56% for the S&P 500 and 50% for Nasdaq. Conversely, silver and bonds have performed dismally, losing 13% and 19% of their value, respectively, while gold registered a modest 7% gain.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Borroe Finance (ROE), an AI-driven altcoin, is making waves, as SHIB records a decline, while XRP revisits its 2023 highs. SHIB’s sharp price crash: A volatility showcase In the electrifying arena of cryptocurrency, where fortunes can pivot faster than a tweet can trend, recent market movements have painted a dramatic landscape. SHIB, the meme coin that skyrocketed to fame, recently faced a harsh reality check with a 40% plunge,…
In recent weeks, Cryptox.trade News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […] Source CryptoX Portal
In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The company plans to refurbish and resell these machines to buyers overseas, especially in regions with cheaper energy costs. SunnySide Digital CEO Taras Kulyk said the decision is a natural response to the halving…
Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the United States. Terraform Labs’ Former CEO Do Kwon Freed According to various sources, Do Kwon has […] Source CryptoX Portal