With bitcoin trading close to its 200-week moving average, a long-term support indicator currently around $62,400, investors are watching closely to see if the level can hold. If the 200WMA breaks, attention will likely shift to bitcoin’s realized price, currently around $53,457, which has historically served as the last line of support in major bear […]
BTC may need to drop below $53,500 before bottoming out Read More »
Ripple, the blockchain company behind the XRP Ledger, is moving towards regulatory approval in the European Union (EU) via a license in Luxembourg. The San Francisco, California-based firm received a preliminary green light for a Crypto Asset Service Provider (CASP) license from the country’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets
Ripple secures provisional approval in the EU through the Luxembourg MiCA license Read More »
“Call spreads remain attractive to anyone wanting recovery exposure in the post-quarterly reset. And now look even better on a relative-vol basis as call spread longs buy the cheaper wing of a skew that tilts the other way,” he said. There are a number of factors that could drive volatility higher in the short term.
The crypto market fell on Tuesday with bitcoin BTC$62,239.10 traded at $62,300, having lost 2.5% since midnight UTC, while ether (ETH) fell more than 4% to $1,650. The sell-off follows Monday’s decline in tech stocks, with another day in the red heralded by Nasdaq 100 futures, which are up 2.5% since midnight. Tech stocks are
Bitcoin slips to $62,300 as tech stocks drag crypto lower Read More »
Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action lawsuit that alleged it misled investors over its 2023 merger with US Bitcoin Corp. (USBTC). The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8’s all-stock merger with USBTC,
AI Miner Hut 8 Pays $2.35 Million to Settle Investor Claims Linked to 2023 USBTC Merger Read More »
It explicitly says that adversaries may already be collecting encrypted US data, or information mathematically scrambled into an unreadable format to protect it from unauthorized access, and could decrypt it in the future using quantum computers. That’s the “harvest now, decrypt later” problem. Steal the locked box today, crack it open when the tool to
Trump calls for a powerful quantum computer Read More »
Bitcoin price’s long-term moving average is set to flash a bearish signal soon. This is good news for the bulls.
XRP is running out of space. After spending most of June caught between resistance overhead and support near $1.10, the token is once again testing the bottom of its range. While the recent decline was small, the inability to build on recent gains has left traders focused on whether buyers are defending support or finally
XRP moves towards $1.10 support as traders await break from three-week range Read More »
A much-watched indicator has turned to “altcoin season,” for the opposite reason the label suggests. Glassnode’s Altcoin Cycle Signal, which reads above 50 when alternative coins, or alts, outperform bitcoin, has risen to 86. Alts are not rising. Bitcoin is just falling faster than they are. [@portabletext/react] Unknown block type “image”, specify a component for
An ‘altcoin season’ signal flashed, but bitcoin’s slide is what set it off Read More »
Bitcoin Falls to $63,000 as Rate Fears Weigh; ETF outflows continue
Bitcoin Falls to $63,000 as Rate Fears Weigh; ETF outflows continue Read More »
