The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA […] Source
Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (ETH) is still leading the charts. According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million. Crypto liquidations map – June 17 | Source: Coinglass Per a crypto.news report on Jun. 16, the number of crypto liquidations plunged by 80%…
As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price Index (CPI) and Producer Price Index (PPI) data were optimistic for risk assets, highlighting a continued disinflationary trend. “Both CPI and PPI data were optimistic for risk assets, with each showing that the disinflationary trend…
Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline of the Ichimoku indicator loom above the current price, intensifying the negative sentiment. Related Reading Polkadot (DOT) is entangled in a fierce battle with a relentless bear. Once soaring high with its promise of connecting different blockchains, the token now grapples with breaching the stubborn $7 resistance level. Over the past two weeks, it…
Solana tested the $138 zone before it started a recovery wave. SOL price must clear the $150 and $155 resistance levels to start a steady increase. SOL price is eyeing an upside break above the $150 resistance against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $152.50 resistance to start a short-term uptrend.…
XRP price started a decent recovery wave above $0.4850. The price reclaimed the 100-hourly SMA and might aim for more upsides. XRP price found support at $0.4600 and started a recovery wave. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.4860 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise unless it fails to stay above the $0.4820 support zone. XRP Price Signals…
Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […] Source CryptoX Portal
Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays above the $3,550 pivot level. Ethereum Price Outperforms Bitcoin Ethereum…
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […] Source CryptoX Portal
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and even trade below the $65,500 support zone. Bitcoin Price…