Crypto exchange Bybit said it will temporarily suspend its services for its users in India in response to regulation in the country. The Dubai based company intends to prevent its customers in India from being able to open new trades or access products on the platform from Sunday. “The only exception will be withdrawals,” the … Read more
The bitcoin (BTC) market resembles an iceberg at the moment, with the surface revealing a dominance of sellers that paints an overtly bearish sentiment. However, at deeper levels beneath the surface, bargain hunters are quietly waiting to snap up coins and potentially put a floor under prices. On the major spot and perpetual futures exchanges, … Read more
Bitcoin (BTC) has not broken below $90,000 since Nov. 18, and continues to swing between $90,000 and $100,000. The sentiment generally flips bullish when bitcoin approaches $100,000 and investors try to continue the bull market. However, this also works the other way and as bitcoin heads toward $90,000, like on Thursday, investors turn bearish. Bitcoin … Read more
The U.S. renewable energy industry is in an odd position. Large-scale projects, like SunZia, the southwestern wind turbine project that is expected to provide enough electricity to power three million homes, are funded with relative ease thanks to long-established relationships with financial giants. Meanwhile, small-scale installations such as solar panels on one’s rooftop are becoming … Read more
Economic data and general profit-taking may have dented an early bitcoin (BTC) rally, but data tracking investor behavior indicates buying current price levels could benefit those looking for an entry into BTC markets. Onchain data shows bitcoin’s Spent Output Profit Ratio (SOPR) has crept up to 0.987 as of Friday, suggesting that investors who have … Read more
The EU’s MiCA regulations, which came into effect on Dec. 30, will likely boost euro denominated stablecoins, JPMorgan (JPM) said in a research report on Wednesday. “Under MiCA, only compliant stablecoins can be used as trading pairs in regulated markets, prompting EU exchanges to adjust their offerings,” analysts led by Nikolaos Panigirtzoglou wrote. This has … Read more
This week, the crypto market has witnessed a notable positive shift, particularly in prices for major alternative cryptocurrencies XRP, DOGE and XLM. These tokens are once again priced more or less the same on the Nasdaq-listed Coinbase, considered a proxy for the stateside demand, and the offshore giant Binance, TradingView data shows. The recovery from … Read more
The employment market in the U.S. picked up steam in December, with job growth topping economist forecasts by a mile and the unemployment rate unexpectedly dipping. The economy added 256,000 jobs last month, the Bureau of Labor Statistics reported on Friday, topping forecasts for 160,000 and up from 212,000 in November (revised from an originally … Read more
Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana’s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders. “Crypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,” analytics firm Santiment wrote in a Thursday report, … Read more
Many traders were watching the bitcoin (BTC) price action during European hours on Friday, slightly confused and for good reason. If you look at the candlesticks chart for BTCUSD pair on Coinbase, you would see fourteen green hourly candles, which means in the last 14 hours bitcoin scored gains in each hour. The hourly candles … Read more