Crypto news
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Cryptocurrency
Why Is Crypto Falling? The Impact of FED Policies and Silk Road Bitcoin Sale on the Market
Cryptocurrency Market Overview In recent weeks, the entire cryptocurrency market has experienced a significant downturn, with the total market capitalization falling below $3.2 trillion. This marks a loss of over $300 billion since January 6, reflecting a turbulent phase for digital currencies. Notably, Bitcoin (BTC) has managed to stay above the $92,000 mark, showing a pattern of higher lows since December 30. The Impact of U.S. Government BTC Sales The…
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Cryptocurrency
What’s Behind the Crypto Crash? The Influence of FED’s Tightening Policies and Silk Road BTC Sales on Bitcoin
In recent developments, the global cryptocurrency market has experienced a notable downturn, with its total valuation slipping below $3.2 trillion. This represents a significant decline of over $300 billion since the beginning of the year. Despite the bearish market conditions, Bitcoin (BTC) is currently trading above $92,000, demonstrating a pattern of higher lows since the end of December. U.S. Government’s BTC Sale and Its Implications The current market sentiment is…
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Cryptocurrency
Ethereum Price Forecast: Unveiling the Optimal Target
Ethereum’s price has entered a downward trend, aligning with the broader market movement among the top cryptocurrency coins. As of now, ETH has decreased by over two percent, positioning itself slightly below the $3,300 mark. This fluctuation is causing concern among investors and traders who are keenly observing the market dynamics. Long-Term Analysis: Approaching the End of the Cycle When examining Ethereum’s long-term performance, it appears to follow the Elliott…
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Cryptocurrency
Gensler Shares Guidance with Incoming SEC Chair Paul Atkins Amid Dismissal Rumors
In a significant development for the financial sector, President-elect Donald Trump has appointed Paul Atkins to head the U.S. Securities and Exchange Commission (SEC). Known for his strong connections to conservative financial circles in Washington, Atkins will succeed the outgoing Chair, Gary Gensler, who plans to step down on January 20. This leadership change has sparked speculation about the future trajectory of the cryptocurrency markets. Paul Atkins: A Pro-Crypto Advocate…
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Cryptocurrency
Gensler Shares Guidance with New SEC Chair Paul Atkins During Dismissal Speculation
With the recent election of Donald Trump as President, significant changes are on the horizon for the U.S. Securities and Exchange Commission (SEC). President-elect Trump has selected Paul Atkins to assume the leadership role at the SEC, succeeding Gary Gensler, who plans to step down on January 20. This transition has sparked widespread interest in the future trajectory of the cryptocurrency markets. Paul Atkins’ Pro-Crypto Stance Paul Atkins is renowned…
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Cryptocurrency
Today’s Cryptocurrency Update (January 9th, 2025): Bitcoin Value Falls to $94,000
The dynamic world of cryptocurrencies experienced a day of mixed sentiments as the global market cap saw a decrease of 1.70%, bringing it to a total of $3.31 trillion. Additionally, trading volumes have also faced a setback, dropping by 4.71% in the last 24 hours to settle at $165.14 billion. The prevailing investor sentiment, as measured by the Fear & Greed Index, stayed neutral at 49, indicating no significant shift…
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Cryptocurrency
Current Crypto Update (Jan 09th, 2025): Bitcoin Value Falls to $94k
Market Overview: A Day of Mixed Sentiment The cryptocurrency landscape experienced a day of mixed emotions as the global market capitalization witnessed a decline of 1.70%, resting at $3.31 trillion. Alongside this, trading volumes also saw a reduction, dropping by 4.71% over the last 24 hours to reach $165.14 billion. Meanwhile, the Fear & Greed Index remained steady at 49, reflecting a neutral sentiment among investors as the market seeks…
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Cryptocurrency
SEC’s Gensler Predicts Bleak Future for Majority of Crypto Ventures as Ripple Appeal Deadline Approaches
An Overview of Gensler’s Tenure at the SEC Gary Gensler, as the outgoing chair of the Securities and Exchange Commission (SEC), has been a prominent figure in the regulatory landscape of the fast-evolving cryptocurrency market. During his tenure, he has been vocal about the challenges and risks inherent in this burgeoning sector. Despite being a relatively small segment of the broader financial markets, Gensler has highlighted the prevalence of bad…
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Cryptocurrency
SEC’s Gensler Predicts Most Crypto Ventures Will Fail as Ripple Appeal Deadline Approaches
As the cryptocurrency market continues its rapid growth, Gary Gensler, the outgoing chair of the Securities and Exchange Commission (SEC), has voiced his concerns and insights regarding its regulation. Despite acknowledging that cryptocurrencies represent a relatively small portion of the global financial markets, Gensler has consistently highlighted the prevalence of fraudulent activities and scams within this sector. SEC’s Enforcement Actions Under Gensler’s Leadership During his tenure, Gensler has overseen a…
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Cryptocurrency
Is a Cardano (ADA) Sell-Off on the Horizon? Whales Offload 70 Million Tokens
In the ever-evolving world of cryptocurrency, the native token of the Cardano blockchain, ADA, is currently facing bearish trends. This downturn comes in the wake of significant market fluctuations, as large-scale investors, or ‘whales,’ have been observed offloading substantial amounts of their ADA holdings. Whales Offload 70 Million ADA Tokens: Market Implications On January 9, 2024, a well-known cryptocurrency analyst took to X (previously known as Twitter) to reveal that…
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