Bitcoin BTC$83,711.14 sentiment has plunged into extreme pessimism, suggesting a tactical or interim low from which a BTC price bounce is likely, according to analytics firm 10x Research. The firm’s proprietary “Greed & Fear” Index, which measures market sentiment, has crashed to a record low of less than 5 points. Readings below 10% represent extreme…
On Friday, an unexpected network fork occurred on Cardano, caused by a malicious delegation transaction that exploited a weakness in the node software. The incident briefly partitioned the blockchain, but block production proceeded unabated. Validation mismatch triggers a chain split Intersect, the governance organization of Cardano, stated that this was a result of a version…
The SEC Crypto Task Force has scheduled another roundtable for December 16. The roundtable, which is likely the last for the year, would explore the Commission’s trade-through prohibition in order to get meaningful inputs from stakeholders and the public. The US SEC’s Securities and Exchange Commission’s Crypto Task Force has scheduled another public roundtable for…
Polygon is facing mounting pressure as MATIC trades around $0.38 in a broader crypto market slowdown. The token continues to… For the full story, head over to TheCurrencyAnalytics.com.
While many crypto market participants are debating what it might take to trigger a significant Bitcoin daily candle, ProCap chief investment officer Jeff Park has narrowed it down to one key catalyst. “A black swan event for Bitcoin upside would be sovereign adoption,” Park said during a podcast interview published to YouTube on Thursday. “If…
ICP$4.3014 extended its slide over the past 24 hours, trading near $4.369 after a sharp break below long-standing support at $4.33. The decline followed one of the steepest intraday drops in recent sessions, with price moving from $4.97 to $4.30 in a fast, technically-driven cascade, according to CoinDesk Research’s technical analysis data model. Activity surged…
The UK fraud office arrests two people connected to a $28 million failure of Basis Markets, the initial big investigation of crypto by the agency. The Serious Fraud Office (SFO) indicated that the arrests represent a growing area of attention to high-value crypto fraud. The two men aged between 40 and 30 years had been…
The Bitcoin market is undergoing a downward correction triggered by technical structural breaks (no new highs, falling below old lows). The movement is being amplified by the liquidation of leveraged positions, while market sentiment is characterized by uncertainty and fear. A sustained trend reversal first requires a bottoming phase (prolonged sideways movement) in the identified…
Dogecoin continues to trade quietly after several weeks of muted activity, with price drifting toward $0.155 as the market waits… For the full story, head over to TheCurrencyAnalytics.com.
