The crypto market is in a state of flux, marked by significant liquidations and fluctuating investor sentiment. On October 23, 2024, total liquidations reached $261 million, predominantly affecting long positions as traders anticipated a continuation of Bitcoin’s bullish trend. This liquidation surge ranks as the second-largest for October, following the
Bitcoin’s crucial resistance levels are tested to confirm a bullish trend. To accomplish this, BTC needs to surpass the $70K mark. The asset has shown resilience in recent days, with the bulls eyeing higher targets. The technical indicators suggest Bitcoin’s bullish momentum despite a brief downside correction. Moreover, the daily
The global crypto regulatory landscape has been fighting for the spotlight this week. Several countries have made announcements in the past few days, and certain controversies have arisen. Notably, US SEC chair Gary Gensler, in a recent interview, announced that the ‘regulation by enforcement’ will proceed undeterred. In the last
The central bank of Norway, Norges Bank, is on potential research to launch central bank digital currency (CBDC). The decision is to be finalized by 2025, as stated by Deputy Central Bank Governor, Pal Longva. The nation is in the pilot phase of CBDC exploration and Norway is among 134
With just two weeks until the US elections, market sentiments are shifting as former President Donald Trump extends his lead over Vice President Kamala Harris in betting markets. As key swing states begin to lean Republican, traders are increasingly pricing in a potential Trump presidency, which has historically been viewed
The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval.
The crypto market has stepped into a positive outlook as the price movement of assets has recovered in the past few days. Eventually, the overall market has lost its momentum and the market cap has reached $2.29 trillion. The fifth-largest altcoin, Solana (SOL) has marked a 0.80% spike and struggling
Japan’s regulatory stance on crypto exchange-traded funds (ETFs) remains cautious, even as the U.S. and Hong Kong make strides in launching spot crypto ETFs. Despite the increasing demand for these financial products globally, Japan’s Financial Services Agency (FSA) continues to play it safe. The country’s crypto investors face tax hits
The cryptocurrency market’s recent momentum is on the downside. All the major assets have fallen back to the immediate support levels. Besides, the crypto market has registered $117.25 million in liquidations over the past 24 hours. Among the fluctuating altcoins, Worldcoin (WLD) has retracted back to its bearish rally after
Sky, formerly known as MakerDAO, is currently navigating significant changes and community feedback following its rebrand. Founded by Rune Christensen, Sky is grappling with user concerns regarding its new identity and governance structure. The protocol, previously famous for creating the decentralized stablecoin Dai, has introduced a new stablecoin, USDS, which
