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Bitcoin price has been fluctuating rapidly, attracting significant attention from investors and traders. In order to establish a clear direction, Bitcoin needs to close the week above a crucial level. This will pave the way for price discovery and potentially set the tone for future market movements. The current market situation requires a strategic approach [...]
Bitcoin sentiment has reached a low not seen since 2023, according to recent data. Despite this downturn, there is potential for a new “risk-on” environment to emerge, potentially sparking a rally in Bitcoin prices. The sentiment surrounding Bitcoin has taken a hit, dropping to levels last recorded in 2023. This decrease in sentiment could be [...]
The post Bitcoin Sentiment Hits 2023 Low, but Potential ‘Risk On’ Environment Could Trigger Price Rally appeared first on Crypto Breaking News.
Firing Jerome Powell Could Trigger Financial Market Collapse, Warns Elizabeth Warren Following recent discussions about the potential removal of Jerome Powell as the chairman of the Federal Reserve, Senator Elizabeth Warren has cautioned that such a move could have detrimental effects on financial markets. Warren emphasized the importance of Powell’s leadership in maintaining stability in [...]
The post Sen. Elizabeth Warren warns that removing Jerome Powell could trigger a financial market meltdown appeared first on Crypto Breaking News.
The popularity of Bitcoin exchange-traded funds (ETFs) is on the rise, thanks to increased flows and support from the US Reserve, further aiding institutional uptake. In recent times, more investors are taking an interest in Bitcoin ETFs, leading to an uptick in flows into these investment vehicles. This surge in interest is partly attributed to [...]
The post Surge in US Bitcoin Reserve Triggers $370 Million ETF Outflows at Farside appeared first on Crypto Breaking News.
The recent commotion surrounding tariffs has led to a staggering $1 billion in liquidations on CoinGlass, a popular digital asset exchange. This unprecedented event has sent shockwaves through the cryptocurrency community, causing significant losses for traders and investors alike. The turmoil began when news broke of increased tariffs on certain goods, resulting in a sharp [...]
The post Tariff Turmoil Triggers $1 Billion in Liquidations at CoinGlass appeared first on Crypto Breaking News.
In what appeared to be among the most publicized acquisitions within the crypto world in 2023, blockchain payments company Ripple Labs acquired Metaco. Metaco is Swiss-based asset custody that focuses on trading and decentralized finance. The acquisition was crucial as it could help Ripple Labs cement its footprints in the EU. Reports revealed that the …
<p>The post NASDAQ appreciation of Ripple-Metaco acquisition triggers IPO speculations first appeared on CCNC | Cryptocurrency Newscast.</p>
An analyst has explained that based on a pattern forming in the Cardano price, a 32% rally could take place, if a close above this level can happen. Cardano Has Been Forming A Descending Triangle Pattern Recently In a new post on X, analyst Ali has talked about a Descending Triangle forming in the daily price of Cardano. The “Descending Triangle” refers to a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle with a downward slope. The pattern is made up of two lines, the first of which is a slopped line connecting lower highs in the price, while the second one is horizontal (that is, parallel to the time-axis) and joins together a series of lows. Related Reading: Bitcoin Coinbase Premium Is Negative: What It Means For Price Recovery The upper line of the pattern provides resistance to the price, so it can be a likely point of reversal for it. Similarly, the lower line may provide support, so bottoms can be probable at it. A break out of either of these lines implies the continuation of the trend in that direction. This means that a breakout above the triangle can be bullish for the asset, while a drop under it can prove to be a bearish signal. Like this pattern, there is also another pattern in TA called the Ascending Triangle. This pattern works similarly, except for the fact that the two lines are switched around (that is, the slopped line is the bottom line and connects together higher lows). Now, here is the chart shared by Ali that shows the Descending Triangle pattern that has recently been forming for Cardano on its 1-day price: Looks like the price is currently making a retest of the upper line of the pattern | Source: @ali_charts on X From the graph, it’s visible that Cardano’s latest sharp upward surge means that cryptocurrency is now retesting the upper line of this Descending Triangle. If the historical pattern is anything to go by, a break above could be a positive sign for the price. “A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing $ADA up to $0.68!” notes the analyst. Ali has chosen a target 32% higher as the height of the Descending Triangle was equal to a price swing of 32% as well. Related Reading: Microstrategy Buys More Bitcoin: Heres How Much Profit It Holds Now Naturally, this bullish outlook would only be if a break can truly take place for the cryptocurrency. A rejection here is still a possibility, as it has already happened a few times over the course of this pattern’s duration. ADA Price The past 24 hours have been bullish for the cryptocurrency sector as a whole, but Cardano has clearly pulled ahead of the crowd as it has registered returns of almost 10%. Following this surge, the coin has managed to break above the $0.53 level. The asset now has to hold above this mark if the Descending Triangle break has to register. The price of the coin has observed some sharp bullish momentum over the past day | Source: ADAUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com
Reports suggest Lebanese are shifting their attention to digital coins, specifically stablecoins, as the nation suffers a financial turmoil. Meanwhile, the government closed local banks early this week, citing the current risks for customers and employees. No one knows when the banks will kick-start their operations, and that could be among the reasons citizens are …
<p>The post Lebanese turn to cryptocurrency amidst inflation-triggered economic turmoil first appeared on CCNC | Cryptocurrency Newscast.</p>
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