Author: NBTC
Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to Twitter to share his insights, stating, “BTC has officially Weekly Closed below the ~$26,000 support. Technically, BTC has begun the first step in the process of validating this Double Top formation. Turn $26,000 into new resistance and the breakdown will…
The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes hands at about $1,628, according to data from CoinGecko. A…
Ripple co-founder Chris Larsen is weighing in on how the U.S. Securities and Change Fee (SEC) is dealing with the crypto area. In a brand new interview with Bloomberg Expertise, Larsen says the SEC’s latest authorized defeats verify the US is taking the unsuitable method to crypto regulation. Most just lately, a federal choose dominated that the SEC has to rethink Grayscale’s software to transform the Grayscale Bitcoin Belief into an exchange-traded fund (ETF). Says Larsen, “You noticed within the newest problem on the Bitcoin ETF, once more SEC misplaced. However not solely that, the choose actually admonished the SEC,…