On Wednesday, the Financial Accounting Standards Board (FASB) unanimously voted 7-0 to formally approve new accounting standards for specific cryptocurrency assets like Bitcoin. However, these guidelines maintain a narrow focus by excluding nonfungible tokens (NFTs). Simultaneously, the board recognized the…
Ethereum’s Bearish Trend and Structural Break Pointing to $1120 – Market Outlook
Ethereum: Ethereum holds the title of being the second-largest cryptocurrency, with a market capitalization of $196,838,671,836, trailing only behind Bitcoin. As of the current moment, Ethereum is trading at $1638, representing a 0.2% increase over the past 24 hours. However,…
Sentimental Analysis for the week: Unemployment Data, SPX, NASDAQ, DXY, GOLD and Crypto
Unemployment Data: READ MORE: Cryptocurrency Market Under the Microscope: Trends and Sentiments Unveiled for 2023-2024 SPX: READ MORE: NASDAQ’s Drops and it Echo’s on Bitcoin – Navigating Market Turbulence NASDAQ: ALSO READ: These 3 major Crypto Tokens will unlock $27…
These 3 major Crypto Tokens will unlock $27 Million within the next 7 days – Explained
NEAR Protocol (NEAR): NEAR Protocol is currently trading at $1.13, reflecting a 1.13% decrease in value over the past 24 hours. In the last 30 days, NEAR has experienced a 20% drop, declining from $1.4 to its current price of…
Technical Outlook of Polkadot(DOT), HBAR, ARB (Arbitrum) and NEAR
Polkadot (DOT): READ MORE: Over 30,000 Bitcoin Withdrawals Preceding Grayscale’s Victory Hint at Price Manipulation Hedera (HBAR): READ MORE: These 3 whales knew dump was coming and sold $264 million of Bitcoin and Ethereum: Significant Crypto Transactions Explained past 24…
These 2 Whales Bought More Than 2 Trillion PEPE for 1132 Ethereum : Crypto Transactions Explained
Introduction: The world of cryptocurrencies is known for its volatility, innovation, and sometimes, unexpected twists. Among the vast array of tokens, meme coins have gained a considerable amount of attention, and PEPE is no exception. In a recent turn of…
Tron’s (TRX) Upward Channel and Cardano’s (ADA) Pattern Dynamics : Market Watch
TRON (TRX): Since November 2022, TRX has been trading within a parallel upward channel. The upper boundary of this channel is serving as a robust resistance, while the lower boundary is acting as a strong support line. In our prior…
Over 30,000 Bitcoin Withdrawals Preceding Grayscale’s Victory Hint at Price Manipulation
Introduction: The world of cryptocurrencies is often a realm of excitement and intrigue, where legal battles and market movements can converge to create astonishing stories. In a recent saga that captured the attention of traders and enthusiasts worldwide, Grayscale emerged…
These 3 whales knew dump was coming and sold $264 million of Bitcoin and Ethereum: Significant Crypto Transactions Explained past 24 hours
Introduction: The world of cryptocurrency is rife with intrigue, as colossal transactions take place across blockchain networks like Bitcoin and Ethereum. In the past few days, several significant transactions have caught the attention of crypto enthusiasts and experts alike. In…
Bitcoin Cash (BCH) and Ripple’s (XRP) Performance in the Wake of Grayscale’s Legal Victory
Bitcoin Cash (BCH): Yesterday, due to Grayscale winning a case against the Securities and Exchange Commission (SEC), the crypto market witnessed a surge in coin prices. Fundamentally, this was significant news that spurred the bulls into action, causing the price…