1. Market TrendFrom Jan. 29 to Jan. 31, the BTC price swung from $41,620.00 to $43,882.36, with a volatility of 5.43%. The prior analysis noted $43,000 as a robust resistance. Despite hitting $42,800 recently and experiencing a pullback, the volume and extent are not significant (quick recovery afte

Tim Draper, a renowned billionaire and venture capitalist, has reinforced his commitment to Bitcoin and his bold price projection for the cryptocurrency. In a thought-provoking statement, Draper foresees a pivotal moment in the financial world, similar to historical runs on banks and currencies, whe

BTC options and futures metrics revealed that both whales and market makers were bracing for a potential price crash preceding the rally to $43,000. Source: finance.yahoo.comDespite the cautious sentiment in the market, Bitcoin's price surged by 11% within eight days after finding support at $38,500

Fed Holds Interest Rates Steady, Aiming for 'More Assurance' in Achieving Inflation TargetOn January 31, 2023, the U.S. Federal Reserve decided to keep the federal funds rate steady, noting robust economic growth. Despite a slowdown in job growth from early last year, the employment rate remains rob

Standard Chartered, a major banking institution, has forecasted that the U.S. Securities and Exchange Commission (SEC) is likely to approve spot Ethereum exchange-traded funds (ETFs) by May. This anticipation, as reported by Bloomberg, stems from a recent note published by the bank's crypto research

The Cardano (ADA) price is currently undergoing a constructive pullback, influenced by the presence of a pennant pattern.Source: coingape.comAligned with the recent positive trend in the broader cryptocurrency market, Cardano has experienced a notable recovery from the $0.46 level. This turnaround f

US Congressman French Hill Positive About Advancements in Cryptocurrency LegislationAt a recent event hosted by the Foundation for Defense of Democracies, Arkansas Republican Congressman French Hill discussed progress on cryptocurrency legislation. He provided encouraging updates on two key bills: t

The U.S. stock markets have been exhibiting a notable upward trend, with the S&P 500 Index nearing the significant milestone of 5,000. This bullish trajectory is largely driven by growing optimism regarding economic expansion and the potential for inflation rates to stabilize. A key factor fueli

The annual assessment of the Bitcoin mining industry sheds light on the challenges faced by large-scale miners in coping with unprecedented hash rates and difficulty adjustments.Source: news.bitcoin.comThe year 2023 posed substantial challenges for the Bitcoin mining ecosystem, witnessing historic h

Hong Kong Intensifies Regulation of Over-The-Counter Cryptocurrency MarketHong Kong is shifting its regulatory focus to over-the-counter (OTC) cryptocurrency trading, as reported by local sources. Joseph Chan Ho-lim, the Under Secretary for Financial Services and the Treasury, announced that the gov