ADA turned bearish this week as sellers took over the price action. Key Support levels: $0.73, $0.65 Key Resistance levels: $0.90 1. Market Crash Pushes ADA Lower The market-wide crash on Monday pushed ADA to 50 cents for a brief period which surprised many. This only confirmed the bearish trend...
Massive Shiba Inu (SHIB) Announcement
SHIB is among the best-performing top 20 cryptocurrencies today (February 5). TL;DR SHIB’s price surged by 8% on a 24-hour scale as the meme coin partnered with the UAE’s Ministry of Energy and Infrastructure. Shibarium blasted through another major milestone, which could also be interpreted as a bullish element. The...
HIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M
The Yguazú facility, 80% complete, will add 6 EH/s to HIVE’s mining capacity by Q2 2025, with hydro-cooled ASICs set to enhance efficiency. HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of...
Forbes Ranks CME Group, Coinbase, and Bitstamp as Top Crypto Exchanges of 2024
CME Group topped the rankings, trading $1.4 trillion in crypto futures in 2024, with BTC open interest surging 83% to over $20 billion. Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, regulatory compliance, and transparency. CME Group, Coinbase,...
Crypto Fraudster Antonia Hernandez Sentenced to 30 Months for Forcount Scam
Hernandez, who pleaded guilty to conspiracy to commit wire fraud, deceived investors into believing Forcount was a legitimate crypto firm. A New York court has sentenced Antonia Perez Hernandez, a key promoter in the Forcount Ponzi scheme, to 30 months in prison. The ruling, delivered by U.S. District Judge Analisa...
Vitalik Buterin Rejects Bitcoin Allocation Rule, Stays Committed to Ethereum
Vitalik Buterin dismissed calls to allocate 10% of portfolios to Bitcoin and reaffirmed his commitment to Ethereum over diversification. Ethereum co-founder Vitalik Buterin has addressed a claim by crypto analyst Udi Wertheimer, who suggested that every investor should allocate at least 10% of their portfolio to Bitcoin. Buterin disagreed, revealing...
Ripple (XRP) Plummets to 3-Week Low Despite Strong Endorsement From SBI CEO
XRP plunged by double digits to under $2.5 earlier today. TL:DR; The overall market crash that started late last night only worsened in the past few hours, and Ripple’s native token is among the poorest performers, with a massive 15% daily drop. This comes despite a highly positive endorsement from...
Crypto Market Reacts More to FUD Than Positive News: Nansen
Nansen says the market needs more good earnings reports for positive sentiment to override negative news again. A new report by the on-chain analytics platform Nansen has disclosed that the crypto market appears satiated for now and is reacting more to negative sentiment than positive news. The report discussed U.S....
The State of Crypto Options Markets After the Recent Sell-Off (Report)
Bitcoin options volatility has been on a decline since Monday’s risk-off event; however, Ethereum’s has been more bullish, while Solana’s has been stable. The beginning of this week was a bit cranky for the financial market, with sharp declines across major stock indexes and digital assets amid the launch of...
Bitcoin Price Analysis: BTC Risks Plunging to $92K if This Support Fails
Bitcoin is once again dropping lower after failing to breach the $108K resistance level. Investors are worried that this could be the start of a much deeper correction as the asset is currently beneath the coveted $100,000 mark. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily...
