Day: August 6, 2024

Could the Recovery Lose Momentum?

Bitcoin price started a recovery wave after it crashed below $50,000. BTC is back above $55,000 and faces many hurdles near the $58,000 zone. Bitcoin started a recovery wave above the $52,500 and $55,000 levels. The price is trading below $58,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $55,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear the $58,000 resistance zone. Bitcoin Price Starts Recovery Wave Bitcoin…

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and […] Source CryptoX Portal

Crypto Liquidations Cross $1 Billion As Bitcoin Crashes To $51,000

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Data shows the cryptocurrency derivatives market has suffered liquidations of more than $1 billion in the past day as Bitcoin has crashed to $52,000. Bitcoin Has Plunged By More Than 15% During The Last 24 Hours Bitcoin investors have been dealt a shock to open Monday, with the cryptocurrency having crashed by more than 15%, which has taken its price to the $51,500 mark. Related Reading The below chart shows how the recent trajectory has looked like for the asset: Looks like the price of the coin has been sharply…

Final day of 99Bitoins’ presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The 99Bitcoins token presale, which has raised $2.6 million, ends today. This marks the last chance to buy at a fixed price before it lists on exchanges. 99Bitcoins token (99BTC) is the all-weather cryptocurrency. Engrossed by its unique learning platform, investors continue to buy the presale, undeterred by crypto’s recent devaluation. Now, the 99Bitcoins token presale is in its final day, having raised $2.6 million so far. This is…

XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2

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Ripple’s Q2 2024 market report recently highlighted a decline in a crucial on-chain metric that could significantly impact the the XRP price. This decline in network activity and several other factors threaten to send the crypto token to new lows soon enough.  XRP Records Decline In On-chain Transactions According to the report, on-chain transactions on the XRP Ledger (XRPL) declined by 65.6% in the second quarter of 2024. 86.38 million transactions were recorded during this period, compared to 251.39 million in the first quarter of this year. A drop in…

Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage other nations to do the same. El Salvador Might Start […] Source CryptoX Portal