As the cryptocurrency market faces intermittent fluctuations, Bitcoin (BTC) finds itself grappling with challenges that threaten its recent bullish momentum. Having dipped below the critical threshold of $95,000, the leading cryptocurrency is under pressure and may face further declines. Analysts are observing closely as February draws to a close, drawing attention to essential levels that
The recent decision by the U.S. Securities and Exchange Commission (SEC) to cease its investigation into Robinhood Crypto marks a significant turning point for the cryptocurrency market. As of February 21, the inquiry that began with a Wells Notice in May 2024 has been officially closed, with the SEC choosing not to proceed with any
Ethereum has been engulfed in a lengthy phase of consolidation, hovering uneasily below significant resistance levels. Over the course of the last week, the cryptocurrency’s price movements have been confined to a narrow band between $2,650 and $2,750, creating a cloud of uncertainty among traders and investors alike. This sideways trading has sparked concerns regarding
In a bold move, prominent financial industry organizations are urging the Biden administration to rethink and possibly abolish the stringent federal policies that restrict banks from delving into digital asset markets. This plea comes at a time when the global financial landscape is rapidly evolving, and American banks find themselves at a crossroads between innovation
In a remarkable turn of events, Berachain, an EVM-compatible Layer 1 blockchain, has made headlines just 20 days post its Mainnet launch. Surpassing established platforms like SUI, Avalanche (AVAX), and Arbitrum, Berachain has achieved a significant Total Value Locked (TVL) of $3.27 billion. Although it experienced a slight reduction following its peak, this achievement catapults
In a significant move reflecting geopolitical tensions and economic strategies, the European Union (EU) recently imposed sanctions on Garantex, a crypto exchange based in Russia. This action is part of the EU’s 16th sanctions package focused on entities that are perceived to support Russian military operations amid the ongoing conflict with Ukraine. The sanctions, formally
Cardano (ADA), one of the leading cryptocurrencies by market capitalization, is currently grappling with significant market pressures and price fluctuations. As it hovers just below the $0.80 threshold, ADA is at a pivotal point amidst a backdrop of heightened volatility in the cryptocurrency sphere. Investors are keenly observing market trends, hoping for a resurgence in
Recent reports indicate that Citadel Securities, a prominent player in traditional trading arenas, is planning to make its foray into the cryptocurrency market-making sector. According to Bloomberg News, the firm aims to provide liquidity to leading cryptocurrency exchanges such as Coinbase, Binance, and Crypto.com. This strategic move signifies Citadel’s recognition of the growing importance of
The recent security breach at Stablecoin Bank Infini highlights the vulnerabilities within the cryptocurrency sector. Over $49 million in USDC was stolen due to an exploit that involved the misuse of administrative privileges. On-chain analytics uncovered the breach, which first came to light on February 24 when CertiK observed irregular fund movements linked to Infini’s
In recent times, the cryptocurrency landscape has witnessed considerable upheaval, particularly concerning Bitcoin, the original digital currency. Analysts and experts are cautiously navigating this environment, noting that Bitcoin is currently caught in a precarious consolidation phase. This analysis aims to delve deeper into the present market dynamics surrounding Bitcoin, assessing potential outcomes based on expert