If This Key Support Fails, Bitcoin Could Plummet To $90,000, Warns Leading An...
The recent downturn in Bitcoin prices has raised eyebrows among market analysts, with one prominent figure warning that the leading cryptocurrency could face a significant decline toward the $90,000 mark in the coming months. As Bitcoin opened the month officially dropping below critical support levels, the market’s reaction remains tepid, suggesting that many investors have yet to fully grasp the severity of the situation. BTC’s Last Line Of Defense In a recent post on X (formerly Twitter), market analyst Doctor Profit highlighted key price levels associated with various holder....
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No traders may want to purchase Yearn Finance (YFI) after it plunges below $12,000, according to an independent analyst. The pseudonymous entity said in a tweet on Wednesday that the Yearn Finance’s native token “is dead” if it fails to hold above the said support level. In a separate tweet, he published an outlook that […]
The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military.
Sudan’s Worsening Economic Crisis
As Sudan’s currency continues to plummet, the country’s central bank has warned citizens against using or trading cryptocurrencies, a report has said. It warned those dealing with crypto assets that they face risks such as loss of value,....
BitPay CEO Tony Gallippi made a case at Bitcoin 2013 for why the digital currency needs payment networks like his. With services like his, Bitcoin is far more secure and affordable than credit cards, Gallippi argued. "The peer-to-peer payment network that Bitcoin is, it's not really that new, when you look at the three technologies that it brings forward," Gallippi said, referring to the cloud, mobile and open source. "Bitcoin is an accounting ledger in the cloud." The digital currency is much more than that, though, he added. "These are three growing trends in the world today, and Bitcoin....
During the ongoing market uptrend, Bitcoin continues to lead the bullish wave as the leading crypto asset records significant gains, pushing it to price levels above $95,000. While BTC’s price may have seen notable positive movements above $95,000, this key level now stands between an impending decline. A Pullback Incoming For Bitcoin? As Bitcoin charges […]
ETH sold-off alongside the rest of the crypto market, leading analysts to warn of a drop to $2,900 if the current support at $3,200 fails. The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6. Data from Cointelegraph....