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Ledger’s CEO says that, while it may take a few years, big money is getting into crypto. Over the past 12 months, some investors learned the hard way why they needed to move their crypto offline. Those who kept Bitcoin (BTC) and altcoins on crypto ex change s like FTX lost control of their assets, sometimes forever. Events drew a red line under the storied crypto adage: “Not your keys, not your coins.”  FTX’s loss was hardware wallet manufacturer Ledger’s gain, however. The Bahamas-based ex change ’s November 2022 bankruptcy filing delivered to Ledger “our biggest sales day ever,” the firm’s chief experience officer, Ian Rogers, told Cointelegraph, and “November turned out to be our biggest sales month on record.” Paris-based Ledger has been on a strong growth curve recently, though the past year has not been without controversy. In May, for instance, the firm drew industry ire when it launched a new secret recovery phrase storage service called Ledger Recover. Still, it remains one...

Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors. Bitcoin (BTC) price action suggests that the asset remains in a precarious position and a recent report from ARK Invest said that short-term Bitcoin investors had no choice but to capitulate in August as the percentage of Bitcoin supply in profit fell by 14 percentage points.  Bitcoin market sentiment and monthly valuation change in August. Source: ARK Invest Although many traders view significant price dips as buying opportunities at this point in the Bitcoin halving cycle, a notable bearish move was Bitcoin’s price falling below its 200-week moving average for the first time since June 2023. As shown in the chart below, the 200-WMA generally acts as a key support level during major downtrends and ARK suggests that any future bearish catalysts could see BTC price fall as low as $20,300 where its realized price currently r...

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...

The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests. There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa. For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on Aug. 2017, while Bitcoin rallied from $1,000 to $4,930 in the same period. But is there enough evidence to justify a bull run similar to 2016–17, as some analysts are arguing? But is there enough evidence to justify a bull run similar to 2016–2017, as some analysts are arguing? Is the Bitcoin-dollar inverse trend real? Traders and influencers frequently warn about this negative correlation and how a reversal of DXY will likely push the Bitcoin price higher. Investment research @GameofTrades_ recently posted a chart presenting the pattern in early 2023 and then rep...

However, there was a surprise sell-off when the Federal Reserve made good on its intention to pause the historic interest rate hikes for the first time since March 2022. advertisement The largest cryptocurrency plunged recording losses of at least 4% following the Fed’s decision on interest rates. Although Bitcoin price is trading at $25,040 on Thursday, the sharp drop extended to $24,835, bringing the cumulative seven days losses to 5.1%. Bitcoin price chart | Source CoinGape Why is Bitcoin Price Falling Despite Pause on Interest Rate Hikes? As reported on Wednesday, at least 76% of the economists interviewed by Dow Jones expected the Fed to halt the long-standing interest rate hikes. Analysts generally believed this would be a boost for Bitcoin price and crypto. However, according to John Gilbert, a Market Analyst at eToro, while the Fed paused interest rates this month, the regulator signaled the possibility of further increases in the future. This st...

The lawsuit claims that Binance offered unregistered securities to the the general public in the form of BNB token and Binance BUSD stablecoin. advertisement JUST IN: The United States District Court has just issued a summons for #Binance CEO Changpeng Zhao, just two days after SEC sued the exchange. pic.twitter.com/sf11WTb5ZE — WhaleWire (@WhaleWire) June 7, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read ...