The bullish momentum across the cryptocurrency market continued to build on Sept. 3 as a market-wide rally lifted the prices of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance levels at $51,000 and $4,000. The recent price gains seen in the altcoin market show no sign of slowing down and
Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand. One of the world’s largest independent asset managers, Franklin Templeton, has posted fresh job applications
An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway. This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that
While regulators have often targeted projects in and out of the crypto space, the fines levied against digital asset exchanges are a fraction of those against traditional financial institutions. According to data from Good Jobs First’s violation tracker, the platform analyzed 50 of the biggest fines regulators levied against major banks, investment firms, and brokers
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing Cryptoshares’ social media channels have similarly vanished. Unrealistic Cryptoshares Promises As
The S&P 500 slid to yesterday’s intraday highs while Bitcoin (BTC) climbed to its best levels in more than three months. The moves came as a key report on Friday showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus program this year. The
Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone. Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago. In
Are crypto exchange-traded funds (ETFs) finally coming to the United States of America? Dozens of cryptocurrency-based ETFs or ETF-like products are currently selling on regulated exchanges in Europe, while Canada and Brazil have already introduced their own versions this year. Over the past eight years, however, not a single investment firm has won the U.S.
Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and when everything is green, knowing when the rallies are coming to an end becomes equally
Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks
Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up a $51,000 offensive Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground after dipping to $48,300 lows overnight. An important retest, Bitcoin
sponsored Evan Luthra is a prolific angel investor having been in crypto since 2014 and early discoverer in Eaze.com (Fastest growing on-demand Tech company in 2016) and Wheelys Cafe (over 1000+ coffee shops in 40 countries), more recently investing in the seed round of Hashgraph.com (The billion dollar Crypto Currency), Admix.in (Biggest Gaming AD Publisher),
Bitcoin (BTC) briefly fell below $50,000 to retest support on Sep. 3 in a “critical” move for determining bullish continuation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to lows of $48,350 on Bitstamp overnight before recovering. That level represents an important zone to hold, trader and
JPMorgan analysts have warned clients that cryptocurrency markets are looking ‘frothy’ after the August trading boom saw spot market trading volumes once again top $1 trillion. In a note to clients as reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets, especially altcoins and NFTs, are getting too high. “The share of
One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey. The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly ongoing survey of 1000 nationally representative Australians conducted by Qualtrics. The most
In 2021, financial institutions operating in Nigeria have been the lever of a government crackdown on cryptocurrencies, beginning with February’s notorious central bank ban on lenders providing services to crypto exchanges in the country. With much of the Nigerian crypto market of necessity peer-to-peer, Nigeria’s Securities and Exchange Commission (SEC) now aims to introduce regulations