Author: Yeek.io

Solana’s TD Sequential indicator suggested a potential trend reversal, reinforcing bullish sentiment. With mixed signals in play, is this the start of a sustained recovery? After breaking below the $200 support, Solana [SOL] plunged to $130 – its lowest level in five months – marking a critical demand zone. The TD Sequential indicator flashed a strong buy signal, suggesting a potential trend reversal. However, with trading volume collapsing by 61%, weak buying pressure raises red flags. Is this the beginning of a recovery, or just a bull trap before another leg down? Technical and market signals flash green Solana has…

A weakening US dollar could be bullish for Bitcoin, but two metrics could be cause for concern in the short term, according to Real Vision crypto analyst Jamie Coutts.“While my framework is turning bullish as the dollar plunges, two metrics still raise alarms: Treasury Bond volatility (MOVE Index) and Corporate Bond spreads,” said Coutts in a March 9 post on X.The analyst framed Bitcoin as a “game of chicken” with central banks, presenting a “cautiously bullish” outlook despite these concerning metrics.The US Dollar Index (DXY) has declined to a four-month low of 103.85 on March 10, according to Market Watch.…

An Ethereum developer says the recent Pectra upgrade of the Sepolia testnet ran into errors, which was made worse after an attacker used an “edge case” to cause the mining of empty blocks.Pectra rolled out on its final testnet, Sepolia, at 7:29 am on March 5, but Ethereum developer Marius van der Wijden said in a March 8 post that the team immediately started seeing error messages on their geth node and empty blocks being mined.The error was because the deposit contract triggered the wrong type of event — a transfer event instead of a deposit, according to Van der…

Homepage > News > Business > Japanese digital asset traders, business groups seek tax relief Japan is considering new changes to taxation laws regarding digital assets and trades. New proposals, yet to be considered or drafted into legislation by the government, could reduce capital gains taxes on different types of digital currency trades and introduce a brand new classification for digital assets. Policymakers attended presentations on the proposals at the Digital Society Promotion Headquarters in Tokyo on March 6. They’re also calling for submissions on other opinions and suggested reforms to be included in its bill on such matters by…

AVAX tested key $19 support, consolidating in a symmetrical triangle, signaling indecision. Bearish on-chain signals and high underwater investor percentages suggested a potential downside. Avalanche [AVAX] is consolidating within a symmetrical triangle pattern on the 4-hour chart and testing a critical support level of $19. This support has held firm in recent price action, which may indicate a potential rebound. AVAX is currently at a crucial level, trading at $19.56 with a slight 0.20% increase in the last 24 hours.  Will AVAX maintain its support, or will it fall further? Let’s find out.  What does the current price action reveal…

Binance has banned a market maker linked to GoPlus Security and MyShell after detecting trading irregularities. According to a Mar. 9 announcement on Binance’s official blog, the exchange has terminated the entity from market-making activities and confiscated its proceeds to compensate affected users. The details of the compensation plan will be announced later by the respective projects. Market makers are companies or people who consistently place buy and sell orders to ensure smooth trading and lower price volatility. However, unethical market-making practices, such as order book manipulation, can distort prices or give unfair benefits to market makers. The market maker…

Online trading platform Robinhood has agreed to pay $29.75 million to settle several probes from the Financial Industry Regulatory Authority (FINRA) related to the company’s supervision and compliance practices.The settlement figure consisted of a $26 million civil fine and $3.75 million restitution to customers, FINRA said on March 7. Robinhood failed to “respond to red flags of potential misconduct,” FINRA said, leading to Anti-Money Laundering and supervisory and disclosure violations.FINRA found that Robinhood Financial failed to reasonably supervise its clearing system despite there being noticeable processing delays due to increased demand between March 2020 and January 2021, which coincides with…

Crypto exchange Gemini to file for initial public offeringGemini is reportedly mulling an initial public offering this year, with Goldman Sachs and Citigroup involved in the process.The exchange, founded by billionaire twins Cameron and Tyler Winklevoss, has not made a final decision about the details of the listing, according to a March 7 Bloomberg report, which cited people familiar with the matter.Gemini did not immediately respond to Cointelegraphs request for comment. This comes as the United States Securities and Exchange Commission closed its investigation into Gemini on Feb. 26, adding to a growing list of firms that have escaped the…

Ethereum’s price history reflected resilience in the latest percentage drawdown. The altcoin’s resilience hinged on navigating volatility, supported by the 2024 Dencun upgrade and ETF approvals. Ethereum [ETH] has long been a dominant force in the cryptocurrency market, demonstrating resilience through multiple market cycles. Despite extreme volatility, ETH has shown an ability to recover from steep declines, making it a crucial asset for traders and investors. Analyzing percentage drawdown from ATH chart Ethereum’s price history reflected resilience in the latest percentage drawdown. During the 2022 bear market following the FTX collapse, ETH saw a sharp -80% decline. However, as of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin (BTC) market is showing an extended sideways movement with no significant price action over the past day. Notably, the premier cryptocurrency has lost all market gains from its sudden 11% price surge from last week returning to previous consolidation levels around $86,000. According to popular crypto analyst Burak Kesmeci, Bitcoin is now set between two important price levels wielding sufficient potential for a substantial price swing. Bitcoin Faces Make-Or-Break At $84k And $87k Liquidation Zones Using a liquidation heatmap, Burak Kesmeci has highlighted two critical…