The price of Ethereum reacted sharply to the January uptrend support line and at the 40-day cycle low in yesterday’s session.
There was an upside reaction across most equity indices overall as well. Key support is at US$3,000 (currently some 10 points lower) and we need to see this level hold before projecting the next higher targets of US$3,250 and US$3,500.
BTC has soared past US$21,000. Also, Justin Sun is looking to spend a billion dollars on DCG's assets, India's RBI head is calling for a complete ban on crypto, and more.
There were US$433 million entering digital asset products last year, down 95% and 90% from US$9.1 billion in 2021 and US$6.6 billion in 2020 respectively.
There has been little action around the two main cryptocurrencies in the past month, and Bitcoin’s dominance of the crypto market still stands at 40.15%. The question on everyone’s minds is whether the crypto market has bottomed, and how long it will take for confidence to return.
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Consensys was handed a Wells Notice earlier this month by the SEC, which it claims targeted its wallet product, Metamask. The firm is now suing the regulator for its "unlawful seizure of authority” over Ethereum
FET struggled to sustain its range breakout with selling pressure pushing the AI-token back into the price range.
CARV's $10 million series A round is backed by Consensys, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, and MARBLEX
ARB sellers broke a key bullish support level, as bearish sentiment overwhelmed spot and futures market.
