altcoins

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

Bitcoin worth surge to $49K prompts a number of altcoins to hit new all-time highs

On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) worth above the $49,000 degree, a transfer that prompted many merchants on crypto Twitter to name for the top-ranked digital asset to knock down the psychological resistance at $50,000. Data from Cointelegraph Markets Pro and TradingView exhibits that after trading in a spread with an higher restrict close to $48,200 for a number of days, bulls managed to interrupt larger and climb to an intraday excessive at $49,242, capping a 20% rally since trading at a low of

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Crypto Shorts, Robinhood Revenue, Plus500 H1, XRP Market Cap: Editor’s Pick

In a quieter week for news, let’s take a look at the news stories that dominated the worlds of forex, fintech and crypto in our best of the week segment.$160 Million Worth of Crypto Shorts Liquidated in the Last 24 HoursThe trading week kicked off with the news that the total market cap of crypto assets crossed the level of $2 trillion on Sunday after a strong rally in altcoins.Almost $160 million worth of short crypto trading positions were liquidated in the previous 24 hours. Approximately $55 million worth of short

Baby Doge Dips 3.1% to $0.000000001208 – Where to Buy Baby Doge

Baby Doge is among the newest cryptocurrencies in the market. The coin came into the limelight after being mentioned by Elon Musk, and shortly after, its community grew rapidly to it even featured in the NASCAR race. However, Baby Doge has failed to maintain the fame given to it by Musk, and while the rest of the market made massive gains in the past month, Baby doge failed to do so. BabyDoge is trading at $0.000000001208 at the time of writing after a 3.1% dip in 24 hours. Baby Doge

Analyst: Ethereum May Grind to $280 Before ETH 2.0 Hype Propels It Higher

Ethereum and other altcoins have been struggling to garner any strong momentum following the massive declines posted earlier this week This weakness came about as a result of Bitcoin’s rejection at $11,200, which is a level analysts have been watching Until BTC’s macro outlook begins growing more positive, Ethereum will likely continue struggling as well That being said, some positive technical developments in the coming months could help boost its outlook One analyst is noting that he expects ETH to drag down towards $280 before it finds any significant support