Bitcoin traders wait for $62K as 3% BTC price gains eat up liquidity

Monday, May 13 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has crossed the $7,400 mark.Market visualization courtesy of Coin360Bitcoin is up over 5.2% on the day, trading at $7,431 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin…

Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.

Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest city Sevastopol, major state-operated Russian news agency TASS reported Nov. 9.Georgy Muradov, the Permanent Representative of the…

On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative…

Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online.After ending his presidential bid last month, Yang has announced the creation of new nonprofit organization called Humanity Forward. It aims to “rewrite the rules” of economy and society with a focus on data privacy.Announcing the news in…

A crypto company is launching “one of the first inter-blockchain, mobile decentralized exchanges” on April 23 — and says its platform is going to solve major problems currently seen in its centralized counterparts.According to the SovereignWallet Network, M.DEX is designed to address three key issues that have been having a detrimental effect on the usability…

The price of Solana (SOL) has plunged more than 6% the last 24 hours, amid fears that bankrupt crypto exchange FTX may soon liquidate its significant portions of the token and other Solana-affiliated crypto assets. The price of Solana has fallen 6% to $18.38 in the last 24 hours. Source: CoinGeckoAccording to a combination of data

The price of Bitcoin hit $10,463 on BitMEX, slightly below the previous peak in June. But two indicators are signaling a BTC cool-off: TD9 and exchange inflows.The price of Bitcoin tests a crucial resistance level. Source: Raoul PalThe TD9 is a trend-reversal indicator that is a part of the TD sequential system. It typically indicates…

The bear market has not been easy on the crypto market, especially when it comes to initial coin offerings (ICOs). The demand for small-value tokens issued by relatively unknown projects — some of which eventually might or might not turn out to be viable investments — has been dying out, and the days of “to…