Day: May 22, 2024

Bollinger Bands Creator Predicts Bitcoin Pullback: Key Price Levels

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Renowned financial analyst John Bollinger has recently issued a caution regarding the potential for a Bitcoin pullback. After BTC price surged from below $66,000 to almost $72,000 at the beginning of the week, Bollinger, the creator of the widely utilized Bollinger Bands indicator, pointed to specific features in the Bitcoin price chart that suggest a consolidation or pullback could be imminent, though he clarified that his perspective was not bearish on a longer term. The Bearish Argument By John Bollinger Bollinger’s analysis focuses on the daily BTC/USD chart. His main…

Bitcoin ETF IBIT Records Biggest Inflows Since April as BTC Hovers at $70K

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TrueUSD’s (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.  This initiative offers a zero-fee trading promotion for the TUSD/TRY trading pair, making it an attractive time for traders and stablecoin users to engage with the cryptocurrency. Türkiye’s crypto market booms; TUSD’s trading campaign on Bitci exchange Türkiye has become a notable…

SEC’s Gensler Says House Bill Would ‘Undermine’ Regulator’s Crypto, Capital Markets Oversight

According to Gensler, FIT21 ignores long-standing precedent for how investment contracts are regulated, puts the agency into a tough position for certifying self-proclaimed digital commodity issuers, ignores Supreme Court precedent in the Howey Test, removes investor protections and potentially allows investors to take on excessive risk without appropriate disclosures. Source

WisdomTree Pioneers UK's First Crypto ETPs: Bitcoin and Ethereum Hit London Stock Exchange

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As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree Becomes First Crypto ETPs Issuer in The UK WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the…

Cardano Breaks Past 200MA, Analyst ‘Insanely’ Bullish on ADA

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Cardano (ADA), the native token of the smart contracts platform, has been a hot topic in crypto circles this week. The surge in price and trading activity has analysts like Sssebi predicting a potential bull run for ADA, citing key technical indicators and a shift in market sentiment. Related Reading Breaking Through Resistance, Bouncing Back Stronger Sssebi, a well-respected crypto analyst, recently published a detailed report highlighting ADA’s recent bullish behavior. One of the key factors Sssebi points to is the token’s successful climb above the crucial 200-day moving average…