In a joint statement released on Tuesday, the Federal Reserve, the FDIC, and the Office of Foreign Exchange Regulation (OCC) expressed concern about the “significant” risks that crypto assets may present to the whole banking system. In a joint statement, the authorities stressed the importance of preventing a “migration of.
LTC/USD slipped lower after its strong growth. Still, the retreat could be only temporary. The rate could test and retest the near-term downside obstacles before resuming its growth. Technically, after its strong growth, a retreat is natural. In the last 24 hours, LTC/USD is down by 1.38% but it’s still.
Crypto Industry News: The past year can definitely be classified as unsuccessful for bitcoin. The negative effects of the onset of the cryptocurrency winter were also strongly felt by miners extracting the first cryptocurrency. Industry analysts predict that many people from the BTC mining market will join forces to reduce.
The bitcoin cryptocurrency continues to trade in absolute flat below the $18,500 level. Remember that this is the precise scenario that we have discussed numerous times, therefore everything is now proceeding as expected. The “bitcoin” may currently remain in the flat position for a few more weeks or months, but.
On the 4-hour TF, it is evident that bitcoin has deviated below the ascending trend line, but overall, since the most recent decline, it has been mostly going sideways, which is exactly what we anticipated. Remember that the “collapse-flat-collapse” trading strategy will be used in 2022 when bitcoin is traded..
The price of Bitcoin dropped a little in the last hours and now is located at 16,635. BTC/USD dropped by 1.00% from yesterday’s high of 16,782 to 16,614 today’s low. As you already know from my analyses, the bias remains bearish despite temporary rebounds. BTC/USD is down by 0.62% in.
Bitcoin greeted the New Year in absolute calm and updated its two-year low of trading volumes. The asset continued its consolidation period near the $16.5k level. However, the cryptocurrency intends to spend its birthday more brightly. After a local upward spurt to the $16.7k level, the main indicators of trading.
Red lines- trading range Bitcoin is trading at the beginning of the year around $16,700. Price continues to trade sideways inside the trading range its been in since November. Price has made no real progress to the upside or downside. Despite Dollar weakness all of this time, while the Dollar.
Crypto Industry News: El Salvador, the first country to legalize Bitcoin, was pushed off the podium in terms of the total number of cryptocurrency ATM installations. This happened because Australia recorded 216 ATMs entering 2023. As part of El Salvador’s push to establish Bitcoin as legal tender, President Nayib Bukele.
The price of Bitcoin Cash dropped deeper after Bitcoin’s downside continuation. When the BTC/USD drops, the altcoin should drop as well. It was trading at 96.60 at the time of writing, above today’s low of 95.21. BCH/USD dropped by 8.19% from the week’s high of 103.70 to 95.21 daily low..
Bitcoin continues to trade sideways over the last two months with no real progress. Price continues to trade near the 2022 lows at $16,600. Medium-term trend remains bearish. Bitcoin is well of its all time highs having suffered by the scandals in the crypto market. Technically Bitcoin remains in a.
The price of Bitcoin crashed after its minor rebound and it seems determined to approach and reach new lows. You knew from my previous analysis that BTC/USD could only test and retest the near-term resistance levels before dropping deeper. The bias is bearish, despite temporary rebounds. BTC/USD dropped by 1.31%.