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Bitcoin and Ethereum prices face rejection at key levels: What's next?

Bitcoin (BTC) could still hit $24,000 After breaking the downward parallel channel, the price of bitcoin surged from the bottom to near $20,000. The Fed's latest rate announcement recently triggered significant bullish momentum, pushing prices higher from the consolidation area around $21,000. Right now, after an 8% rally, the bulls seem exhausted. For now, the …

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Coinbase, the largest U.S. cryptocurrency exchange, is under investigation by the SEC

On July 26, Bloomberg reported that Coinbase (COIN, $67.07, $14.891 billion market cap), the largest cryptocurrency trading platform in the United States, is facing an investigation by the Securities and Exchange Commission (SEC), according to three people familiar with the matter. The cryptocurrency market plunged on the news. Bitcoin fell back below $21,000 from a …

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Investors moved money into Ethereum 2.0, and the number of ETH exchanges collapsed

As Fusion's Ethereum pledge increases, the amount of cryptocurrency stored on the exchange decreases The amount of Ether (ETH) held by exchanges hit a four-year low, while a pledge record -- the upcoming proof-of-stake (PoS) update -- was recorded in Ethereum 2.0. On the web, the name has recently been changed to "consensus layer" or …

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With the merger scheduled for September, Ethereum surged today

In a conference call on Thursday, Ethereum developers announced that they are on track to deploy the Ethereum merger to all users across the blockchain on September 19 as planned. On the news, Ether (ETH) jumped 13.36% in the past 24 hours to a high of $1,229.84, according to CoinMarketCap. The Ethereum merger is an …

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Tesla sells 75% of Bitcoin at a loss, and the crypto market collapses?

Tesla executives revealed that the company had sold 75% of its Bitcoin assets, adding $936 million in cash to its balance sheet. Tesla reportedly sold the coins for $28,888 each, a discount of nearly 9% to their average purchase price of $31,620. Tesla said in its second quarter 2022 earnings report that it was dealing …

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