Crypto Markets Brace for Impact as Regulatory Headwinds Intensify
Send Timeļ¼2024-04-18 03:16:46
Ethereum's Ether (ETH) has been on a tear in recent days, rising over 15% in the past week and reaching its highest level since mid-June. The second-lSolana (SOL) has been on a tear recently, surpassing $70,000 and reaching new all-time highs. The cryptocurrency has been benefiting from increased adThe price of Bitcoin surged above $27,000 on Wednesday, driven by institutional investor demand and a decrease in the number of Ethereum futures contrSynota, a startup focused on developing innovative payment and mining solutions for the Bitcoin ecosystem, has raised $3 million in seed funding fromBitcoin has been trading within a tight range of $42,000 to $52,000 for the past week, with resistance at $46,000. The relative strength index (RSI) iHorizen, a privacy-focused cryptocurrency, has scrapped its plans to list on Binance amid regulatory scrutiny. The decision comes after Binance announFederal Reserve Chairman Jerome Powell hinted at a possible rate hike during a press conference on Wednesday, causing cryptocurrency markets to react.
The bearish run in Bitcoin (BTC) may be coming to an end, as a crossover between the 50-day and 200-day simple moving averages (SMA) has occurred, sigDespite the recent price drop, Bitcoin holders have shown signs of long-term accumulation, according to Glassnode's holder metrics. The data suggestsThe bitcoin rally shows no signs of slowing down, with the price of the cryptocurrency surging to new highs in recent days. According to CoinDesk, theNayib Bukele's presidency has been marked by a series of bold moves, and his decision to adopt bitcoin as a legal tender has been one of his most notaIn a surprise move, the Securities and Exchange Commission (SEC) has approved Grayscale's application for a bitcoin exchange-traded fund (ETF), but wiThe MVRV (Market Value to Realized Value) ratio has been trending above 120 for Bitcoin since 2019, indicating that the current price is relatively chBitfinex, one of the largest cryptocurrency exchanges, has announced the launch of perpetual futures contracts with volatility index on its platform.