Bitcoin (BTC) stayed near key support on March 5 as the weekly candle close brought fresh fears of a breakdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst warns over fate of $20,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a tight range over the weekend. The pair […]
Bitcoin price faces ‘last stand’ as weekly close threatens $22K retest
Research warns that Bitcoin bulls have much to do to preserve newly-won support, but failure could still see a BTC price cascade below $20,000.
WMA: Bitcoin Drops Again and Altcoins Bleed as the SEC Targets BUSD
Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,028 trillion. Bitcoin is down by over 3% after a disappointing week. Ethereum decreased by almost 2% over the past seven days. XRP lost more than 1% in value […]
Cardano’s governance gets questioned; Charles Hoskinson responds with…
Cardano gets criticized for its governance proposal. Charles Hoskinson responds, ADA gets impacted by FUD. Vanessa Hariss, a Senator at Team Kujira (a decentralized ecosystem for protocols), on 5 March claimed that the Cardano governance was not centralized. In a Twitter thread, she stated that IOG (Input Output Global), the company behind Cardano’s formation, could […]
Ethereum’s Supply Deflation Hits New Yearly High
The rate at which the Ether supply is reduced has recently reached its highest level this year. On Wednesday, the annualized EIP-1559 burn rate surpassed the ETH issuance rate by 1.425%, the highest since the anomaly last May, when deflation rose above 17% in just one day. When the deflation rate increases, it means that […]
Israeli Tax Agency Charges ‘Western Wall’ NFT Creator for Over $2M in Tax Evasion
The Israeli tax agency has accused two NFT creators of tax evasion for their website holyrocknft.com, which sells NFTs based on 3D scans of the Western Wall. The site’s owners, Avraham Cohen and Antony Polak, have reportedly sold 1,700 works since 2021 and received payments of 620 ether, which at the time was equivalent to […]
Bitcoin price prediction: BTC outlook after Silvergate and Tether news
Bitcoin price outlook after this week’s Silvergate and Tether news. BTC is hovering around $22,400 with key resistance near $23k amid a potential technical breakout to YTD highs. The $20k zone is a critical and psychological level for bulls. Bitcoin price remains constrained below $22,500 after posting a sharp decline on Friday following a combination […]
Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move money to crypto exchanges. Coinbase, Galaxy, and Paxos have stopped accepting transfers via Silvergate Network. USDC stablecoin issuer Circle has today announced that it has […]
Crypto price predictions: EOS, Immutable X, QuickSwap
Cryptocurrency prices plunged this week after Silvergate Capital postponed its annual report, pushing its stock price down by over 60%. Bitcoin plunged to $22,000 while Ethereum price retreated to about $1,565. Litecoin plunged to $88. In this article, we will look at the forecast of some of the top cryptocurrencies like EOS, IMX, and QuickSwap. […]
Crypto Price Today Mar 5th: Top Gainers and Losers
Crypto price today Mar 5th: the crypto market seems to be extending its correction phase that started in February 2023. As a result, the market leaders and numerous altcoins faced further downfall, maximizing the pain of short-term holders. However, today, we will analyze the potential of the top gainers and losers in the crypto space […]