Sasha
@sasha25
1715 Following
577 Followers
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Coinbase Is a Banking Giant, Calls To Audit the Fed, and More — Week in Review
Coinbase is a banking giant, calls increase to audit the Federal Reserve, XRP bulls fight to hold $2.40, and more in this Week in Review.
Coinbase is quietly reinventing itself as a banking giant with $420 billion in assets, poised to rival traditional banks and brokerages. At the same time, a growing chorus calls for an audit of the Federal Reserve to root out potential inefficiencies and fraud. XRP is battling to sustain its $2.40 price level amid bullish long-term signals, despite facing short-term hurdles. On the international stage, discussions between Donald Trump and Vladimir Putin on Ukraine and the U.S. dollar hint at a potential diplomatic breakthrough. Meanwhile, gold has soared to new heights at $2,942.70 per ounce.
https://news.bitcoin.com/coinbase-is-a-banking-giant-calls-to-audit-the-fed-and-more-week-in-review/ 0 reply
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Africa Crypto News: CAR Meme Coin Scandal, Nigeria Leads in Crypto Fraud As Kenya’s DCI X Account Hacked
Latest in crypto Africa from across the Africa crypto industry, the CAR crypto meme coin is now a scandal. Nigeria has an epidemic of crypto scams, and DCI was hacked in a Kenya crypto scam.
Crypto is indeed a hotbed of innovation, but being a community-led industry, controversy is inevitable. The launch of MELANIA and TRUMP meme coins inspired many, including the president of the Central African Republic (CAR).
After launching the CAR meme coin, prices soared before crashing in a classic shitcoin spectacle, drawing criticism.
Meanwhile, Kenya and Nigeria face different challenges, mostly related to crypto-related hacks, which dent their respective reputations. This review covers some of the biggest crypto stories in Africa.
https://99bitcoins.com/news/africa-crypto-news-car-meme-coin-scandal-nigeria-leads-in-crypto-fraud-as-kenyas-dci-x-account-hacked/ 0 reply
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Bitcoin’s Price Movement: Watch for Critical Liquidity Levels This Week
Recently, Bitcoin’s price has undergone significant movements due to liquidity accumulation at support levels. During this period, many short positions were liquidated, leading to a rapid recovery from the $94,500 mark, bringing the price to current levels. However, this uptrend may advance toward new liquidation levels, which could lead to a short-term decline.
According to Coinglass data, following the liquidation of approximately $100 million in short positions at $95,000, there is an expectation of $200 million in long position liquidation around the $97,800 level. Potential liquidations at these levels could cause the price to retreat to $95,500. Conversely, technical indicators suggest that if Bitcoin breaks through the $97,800 resistance, the upward trend may gain momentum.
https://en.coin-turk.com/bitcoins-price-movement-watch-for-critical-liquidity-levels-this-week/ 0 reply
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Bitcoin Struggles to Maintain Momentum as Market Uncertainty Grows
On Tuesday, Bitcoin’s (BTC) price failed to hold above the $100,000 mark. Although there are optimistic expectations regarding the trade agreement between the U.S., Mexico, and Canada, uncertainty in the markets persists. Additionally, tensions are escalating between the U.S. and China, with the Chinese government preparing to impose a 15% additional tariff on U.S. coal and liquefied natural gas (LNG).
Recent price movements indicate that Bitcoin is trading within a horizontal channel. The upper limit ranges between $108,000 and $109,000, while the lower limit fluctuates between $89,000 and $91,500. However, Bitcoin has primarily trended downward recently. The price movements are forming lower highs and deeper lows, which may lead BTC to retest the $96,000 support level.
https://en.coin-turk.com/bitcoin-struggles-to-maintain-momentum-as-market-uncertainty-grows/ 0 reply
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Crypto Portfolios Are About To 100x In February With These 5 Cryptos – Doge Uprising, Ondo, Cronos, Kaspa & Uniswap
February is poised to be a pivotal month for crypto, with multiple projects on the cusp of explosive growth. Among the best options for building a high-yield portfolio are Doge Uprising, Ondo, Cronos, Kaspa, and Uniswap. Each caters to a different corner of the market, from meme coin mania to DeFi innovation, but they all share one thing in common: massive upside potential. Investors who position themselves ahead of the coming wave could see 100x returns that traditional finance can’t even begin to match.
https://www.crypto-news-flash.com/crypto-portfolios-are-about-to-100x-in-february-with-these-5-cryptos-doge-uprising-ondo-cronos-kaspa-uniswap 0 reply
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Crypto Markets Shed $150B as Trump’s Trade War Hits China, Canada, Mexico (Weekend Watch)
Bitcoin and most altcoins have turned red in the past 12 hours or so, with BTC dumping below the coveted $100,000 line and many alts posting substantial losses.
Bitcoin’s business week started with a nosedive that pushed it from $105,000 to under $98,000 in hours, but the asset bounced off and erased all losses in the next few days. The weekly peak came on Thursday, after the US Fed left the interest rates unchanged, as bitcoin jumped to over $106,500.
However, it failed to maintain its run and was rejected on Friday, which resulted in a price dip to $101,500. The landscape worsened in the past 12 hours or so as the bears propelled another leg down that drove the cryptocurrency to well below $100,000. In fact, its intraday low came at $99,000 (on Bitstamp), which is being retested now as well.
https://cryptopotato.com/crypto-markets-shed-150b-as-trumps-trade-war-hits-china-canada-mexico-weekend-watch/ 0 reply
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Bitcoin (BTC) Price Prediction for February 1
On the hourly chart, the price of BTC might have set a local support of $101,418. If the growth continues, one can expect a test of the resistance level of $102,744 by tomorrow.
On the bigger time frame, neither bulls nor bears are dominating. However, if the sellers break the vital zone of $100,000, the accumulated energy might be enough for a more profound correction to the $98,000 range.
Such a scenario is relevant for the upcoming week.
From the midterm point of view, sideways trading is the more likely scenario. The volume keeps falling, which means any sharp moves are unlikely to happen shortly. Bitcoin is trading at $102,018 at press time.
https://u.today/bitcoin-btc-price-prediction-for-february-1 0 reply
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