latest cryptocurrency news

Latest cryptocurrency news

Toncoin briefly touched $3.21 on April 27 but failed to sustain the breakout due to weak follow-up volume and resistance near the $3.20–$3.30 zone. Traders remained cautious, and with the RSI hovering around 37 during this period, momentum indicators signaled that buying strength was fading https://crypto-explorer.net/. The price eventually retreated to close April at $2.96.

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While the recovery is promising, analysts caution about a potential correction. An excess of optimism in the market could lead to short-term drops, especially if Bitcoin surpasses $100,000 without strong institutional support.

Cryptocurrency news today

Our Crypto news provides comprehensive updates on various aspects of the cryptocurrency and blockchain ecosystem. It includes real-time price movements and market analysis for major cryptocurrencies like Bitcoin and Ethereum, detailing their performance trends and trading volumes. Regulatory developments are also highlighted, covering new laws, enforcement actions, and legal issues impacting the industry, both domestically and internationally. Additionally, news often focuses on technological advancements, such as upgrades to blockchain networks, new cryptocurrency launches, and innovations in decentralized finance (DeFi) and non-fungible tokens (NFTs). This coverage helps investors and enthusiasts stay informed about the dynamic and rapidly evolving world of digital assets.

As of August 1st, President Donald Trump’s aggressive tariff strategy is beginning to take effect. While tariffs are traditionally a concern for traditional markets and international trade, their ripple effect is now increasingly being felt in crypto markets. Tariffs often trigger inflationary pressures and destabilize fiat currencies, conditions that sometimes push investors toward Bitcoin and other digital assets as a hedge. However, in the short term, these sudden shocks often lead to liquidity crunches and panic selling, especially in risk-on assets like altcoins.

Adding to the pressure, total liquidations across the crypto market reached nearly $631.98 million. When global economic signals turn bearish, capital tends to move out of riskier assets like altcoins first. With crypto no longer operating in a vacuum, market sentiment is being shaped by the same global forces that drive equities and commodities.

Altcoins have taken an even harder hit. Solana (SOL) is down by nearly 4.8%, now priced at $171, while Cardano (ADA) and Dogecoin (DOGE) fell by 4.89% and 5.87% respectively. XRP also saw a drop of around 3.7%. The current sideways action across many tokens has pushed the Altcoin Season Index down to 37 out of 100, meaning that Bitcoin continues to dominate market attention.

Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.

cryptocurrency news etrscrypto

Cryptocurrency news etrscrypto

BALTIMORE — Bad actors are seeking cryptocurrency in almost every scheme tracked by the FBI. From fraudulent investments to tech support and romance scams, and most recently, a surge in employment scams. And as Bitcoin reaches record highs, Special Agent David Paniwozik with FBI Baltimore sees more people wanting to capitalize on cryptocurrency.

“There is no cap on whether you want to move $1 to hundreds of millions or billions of dollars. You can just seamlessly move that from a wallet controlled in the United States to a wallet controlled overseas, in, you know, a matter of seconds,” SA Paniwozik warned.

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SA Paniwozik has seen a huge spike in reports of employment scams involving cryptocurrency. Reported losses in Maryland went from $32,033 in 2023 to $3.8 million between January and October of this year.

«I was contacted by this gentleman who said he was an engineer out of Europe and he was working on an oil project,» a victim said. «Within about three weeks, he sent me this lovely floral bouquet and a basket.»

According to the FBI’s 2023 Cryptocurrency Fraud Report, cryptocurrency-related complaints only made up around 10 percent of total financial fraud complaints, however, the stolen value accounted for almost 50 percent of total losses.

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