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ETHUSD Sets to Begin Its Reversal to the Downside

Dec 04 2023 @ 03:06
ETHUSD is set to begin its reversal to the downside as the distribution phase ends. Following the formation of the $2030.00 high, ETHUSD was immersed in the discount as the bulls exited the market. The downtrend that emerged as a result of the crash from the $2030.00 high ended as the price approached $1530.00. Owing […]
 

Is Solana Really Worth the Hype Surrounding it?

Nov 29 2023 @ 00:25
There’s a renewed excitement among crypto enthusiasts surrounding Solana, and it’s not without merit. The value of SOL has soared by more than 350% in the past year. Positioned as a prominent Layer 1 project, Solana boasts a substantial user base of approximately 100,000 daily users, contributing to tangible revenue of around $50,000 per day […]
 

The U.S Departement of Justice Advocates Local Restraint for Binance's Ex-CEO Until Sentencing

Nov 28 2023 @ 12:42
The U.S. Department of Justice Strikes a Balance: Advocating for Freedom, Yet Insisting on Location Constraints for Binance’s Former CEO, Changpeng ‘CZ’ Zhao. In a recent filing, the DOJ contends that Zhao is a manageable ‘flight risk,’ presenting a nuanced perspective on his status. CZ’s legal team counters, emphasizing his voluntary appearance in the U.S...
 

Bittrex Global Announces Operational Wind-Down: A Regrettable but Deliberate Decision

Nov 28 2023 @ 07:44
Bittrex Global announced the winding down of all trading activities to be effective on Monday, December 4, 2023. Following this decision, customers will have the option to withdraw their assets, marking the initiation of the winding-down process. This strategic measure ensures a systematic and organized conclusion to their trading operations. Bittrex Global acknowledges that the […]
 

BTCUSD Declines as the Market Leaves the Overbought Region

Nov 24 2023 @ 07:46
BTCUSD declines as the market leaves the overbought region, as indicated by the RSI (Relative Strength Index). Following the retraction at $24900.00 of substantial support, a subsequent rally emerged. This gave rise to the formation of a bullish order block on the 28th of September, 2023. The consequential bullish order block played a pivotal role […]
 

Resignation of Binance CEO CZ in Connection with a $4 Billion Settlement with the United States

Nov 23 2023 @ 16:46
In a pivotal development, Changpeng ‘CZ’ Zhao, the visionary founder of Binance, has resigned from his position as CEO, marking a consequential milestone in the aftermath of a substantial $4 billion settlement brokered with various United States regulatory agencies. The joint announcement by Zhao and multiple regulatory bodies on Tuesday not only signifies a decisive […]
 

BTCUSD Faces Resistance at $37400.00 After the October 2023 Surge

Nov 20 2023 @ 11:17
BTCUSD faces resistance at $37400.00 after the October 2023 surge. Following the October 2023 financial landscape shift, a notable surge in buying momentum is evident, marked by a significant increase. However, this upward trend faced a hurdle as market conditions pushed prices to a critical supply zone at $37400.00. This shift impacted market dynamics. The […]
 

Top Cryptocurrencies for PC Mining in 2024

Nov 14 2023 @ 14:58
Gone are the days of mining Bitcoin with a PC, overshadowed by the rising difficulty in the mining landscape. Large-scale, high-powered operations dedicated to proof-of-work mining have rendered computer-based mining obsolete. However, don’t fret; there are still numerous alternative cryptocurrencies that you can mine using straightforward software. Explore the best options for PC mining...
 

Bitcoin's Value Fluctuation Highlights Possible Correction

Nov 11 2023 @ 00:34
Bitcoin’s value fluctuation highlights a possible correction, evident in the ongoing consolidation. Presently, BTCUSD struggles beneath the crucial $36,000 level, facing resistance-induced selling pressure. It suggests a potential dip into the discount zone, creating a liquidity void, before the uptrend resumes. This pattern signifies a temporary setback, a natural occurrence in market...
 

Understanding the Concept of 52-Week Highs and Lows

Nov 10 2023 @ 10:22
The 52-week high/low represents the highest and lowest stock prices in the past year. The 52-week high is the highest price reached, and the 52-week low is the lowest price attained during this period. Investors and traders use this measure to assess a stock’s performance over a year. Determining the 52-Week High and Low Prices […]
 
 
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