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.
A new report highlights Thailand, the UAE, India, and the Philippines as regional leaders, driven by favorable regulations, increasing institutional interest, and a belief in the future potential of digital currencies.
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.
SEC appeals Ripple case ruling but XRP continues to rise as Alderoty dismisses the lawsuit as "just noise"
VanEck's Onchain Economy ETF targets firms building digital asset infrastructure, investing 80% in "Digital Transformation Companies"
Bitcoin’s rally above $100K has fizzled but XRP has soared 400% thanks to Trump, ETFs, and a transitioning SEC.
Deribit, the leading cryptocurrency options exchange, is working with a financial advisor to explore potential sale opportunities. This move coincides with a resurgence in crypto market activity and a renewed interest in mergers and acquisitions within the sector.
