Tag Archives: crypto market

Samourai Wallet Co-Founder Sentenced To 5 Years In Prison For Money Laundering

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Keonne Rodriguez, one of the co-founders of the cryptocurrency mixer Samourai Wallet, was sentenced to five years in prison on Thursday for his role in operating a service that allegedly laundered “hundreds of millions of dollars” derived from illegal dark web activities and fraudulent schemes.  US District Judge Denise Cote imposed the maximum sentence for… Continue reading Samourai Wallet Co-Founder Sentenced To 5 Years In Prison For Money Laundering→

Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana

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Despite a slight recovery in cryptocurrency prices on Wednesday, experts remain divided on the future direction of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The market is at a crossroads, with some analysts anticipating a deeper correction, while others see the potential for a renewed recovery. iShares Bitcoin Trust ETF Hits 52-Week Low  According to… Continue reading Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana→

Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700

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On Tuesday, the Ethereum price fell by 8%, following the overall correction in the cryptocurrency market and even outperforming Bitcoin’s (BTC) dip. This has sparked concerns as ETH nears important support levels, putting its $3,000 mark at danger. October Events Lead To Significant Corrections Ram Ahluwalia, the chief investment officer at Lumida Wealth, recently noted… Continue reading Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700→

Dogecoin RSI Returns To Pre-Launch Levels, Analyst Says Next Major Surge Is Close

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could be gearing up for a new explosive rally. According to trader and market analyst Trader Tardigrade, the Relative Strength Index (RSI) for Dogecoin has settled at levels similar to those seen before price rallies in the past two years or so.  This technical observation is based on Dogecoin’s steady uptrend along a long-standing support… Continue reading Dogecoin RSI Returns To Pre-Launch Levels, Analyst Says Next Major Surge Is Close→

Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis

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As October comes to a close, Bitcoin (BTC) has disappointed many who had anticipated the month to be a strong one for the cryptocurrency, often referred to as “Uptober” due to its historically positive performance. Instead, Bitcoin finished the month down, creating a gap of approximately 13% from its all-time high.  Historical Trends Suggest Bitcoin… Continue reading Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis→

Behind The MEXC Drama: Is Bankruptcy Inevitable?

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Seychelles-based cryptocurrency exchange MEXC found itself in the midst of controversy on Friday as users on social media site X (formerly Twitter) called for immediate withdrawals amid speculation about the exchange’s potential bankruptcy.  What Happened At MEXC? Market analyst J.A. Maartun was among the first to draw attention to the situation, sharing a chart on… Continue reading Behind The MEXC Drama: Is Bankruptcy Inevitable?→

Coinbase, Strategy Mark Major Profit Surges In Q3: Unveiling The Numbers

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In a recent financial disclosure, two of the crypto industry’s giants, Coinbase (COIN) and Strategy (MSTR), reported significant gains in their third-quarter (Q3) results.  Coinbase Surges Past Profit Expectations Coinbase exceeded analysts’ expectations for its Q3 profit, buoyed by increased volatility in digital assets that elevated trading volumes on its platform. The company reported a… Continue reading Coinbase, Strategy Mark Major Profit Surges In Q3: Unveiling The Numbers→

dYdX Eyes US Market Entry: Decentralized Crypto Exchange Plans Year-End Debut, Reuters

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dYdX (DYDX), one of the leading decentralized cryptocurrency trading platforms in the industry, is reportedly preparing to enter the US market by the end of the year, following the recent shift in crypto policies by the Trump administration.  dYdX Expands Amid Supportive Legislation  In an interview with Reuters, Eddie Zhang, the president of dYdX, emphasized… Continue reading dYdX Eyes US Market Entry: Decentralized Crypto Exchange Plans Year-End Debut, Reuters→

Bitcoin, XRP, Ethereum Dip Post Fed’s Rate Cut: What’s Next For Crypto?

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On Wednesday, the Federal Reserve (Fed) announced a 25-basis-point rate cut from the previous rate of 4.25%, aligning with market expectations. Despite this bullish development being highly anticipated by top experts as the best catalyst for the remainder of the year, Bitcoin (BTC), XRP, and Ethereum (ETH) led the market downturn following the announcement.  Fed… Continue reading Bitcoin, XRP, Ethereum Dip Post Fed’s Rate Cut: What’s Next For Crypto?→

Bitcoin Poised For New Run Beyond $125,000? Nasdaq’s Record Recalls 2021 BTC Pattern

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The second part of the year has seen a notable surge in the US stock market, while Bitcoin (BTC) and the broader cryptocurrency market has faced its share of uncertainty and significant corrections.  With the Nasdaq recently surpassing the 26,000 mark, leading analysts are now suggesting that this milestone could be a clear indicator for… Continue reading Bitcoin Poised For New Run Beyond $125,000? Nasdaq’s Record Recalls 2021 BTC Pattern→