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While most cryptocurrencies, including Bitcoin, have dropped below key support levels over the past few days, Ethereum (ETH) and Solana (SOL) have shown signs of strength despite the uncertainty caused by macroeconomic factors, like last week’s negative Producer Price Index report, which dimmed hopes for an interest rate cut in September. The drop in crypto
Andrew Richard3 min read
Bitcoin surpassed the all-time high of $123,206 and rallied to $124,414 on Thursday morning. The surge comes amid growing speculations that the US Federal Reserve could announce its first rate cut of the year next month, following a positive Consumer Price Index (CPI) report earlier this week that showed declining inflation in the United States.
Andrew Richard3 min read
FTX vs. Zhao Changpeng ‘CZ’ Zhao, the founder and ex-CEO of the world’s largest exchange, Binance, has moved to court to challenge a lawsuit leveled against him by collapsed exchange FTX. Initially filed last November, the lawsuit seeks to recover $1.8 billion in various cryptocurrencies sent to Binance four years ago. FTX’s court filings show
Andrew Richard2 min read
Bitcoin bears have continued to defend the $120,000 resistance, but the bulls haven’t allowed them to pull the coin below key support levels. This suggests that the bulls intend to push BTC above that key barrier to start the second leg of the uptrend in the coming days. According to Tom Lee, the head of
Andrew Richard3 min read
Are you a skilled crypto trader but struggling with capital? If so, this article is for you. We have listed some of the leading crypto prop trading firms that will offer you funds for trading after demonstrating proficiency in risk management and achieving desired profit targets. Read on to learn more. Prop Trading Explained Simply
Andrew Richard3 min read
Ethereum jumps above $3,300 as record ETF inflows, corporate buys, and political support drive bullish momentum. Spot Ethereum (ETH) ETFs in the United States registered huge amounts of fund inflow in a day totaling $726.6 million. This was the biggest intake in a single day since the inception of the funds. The influx happened on
Bradley Nelson3 min read
Cryptocurrencies are known to be extremely volatile. Their prices can rise significantly one month and then crash the next, leaving traders to wonder whether they are in a bear or bull market. This article explains how to identify the kind of market you are in to enable you to make smart moves. Read on to
Andrew Richard3 min read
Bitcoin liquidation maps provide information on important prices where liquidation might occur, which is valuable for traders. Anyone in crypto trading should learn how to read a Bitcoin liquidation map. Thanks to these maps, you can predict price changes, spot risks beforehand, and avoid significant losses in cryptocurrency. When someone invests with borrowed money in
Bradley Nelson3 min read
Staring at the price charts to spot the perfect entry can be time-consuming. Thanks to Artificial Intelligence (AI) technology, traders can now automate their trading strategies using bots. Do you wish to build your own AI-powered trading bot? If so, read our guide to learn how to develop it using OpenAI’s ChatGPT. Building a Trading
Andrew Richard3 min read
Like February, March was a tough month for crypto markets as Donald Trump announced trade tariffs, which caused massive price volatility. Meanwhile, hackers continued to target DeFi users, making away with millions of dollars. This article takes a look at key crypto developments in March. Stick around! US Government Starts a Trade War After reversing
Andrew Richard2 min read
As more users start using the platform, it will be interesting to see whether the Hedera Hashgraph can handle thousands of user transactions without performance degradation. The digital world is immense, with various ledgers. While such ledgers are blockchain-based, many suffer from inefficiencies, especially slow transaction speed. Thus, Hedera Hashgraph offers the ideal solution to
Bradley Nelson4 min read
The crypto exchange made it simpler for criminals to transfer money covertly by disregarding anti-money laundering regulations. OKX Crypto Exchange Disregarded America’s Regulations OKX, one of the biggest cryptocurrency platforms in the world, has acknowledged violating US regulations regarding financial crimes. The crypto exchange pleaded guilty to operating without the required license and disr
Bradley Nelson3 min read
