At Gold Silver Reports, we provide the latest cryptocurrency news and updates on Bitcoin, Ethereum, and leading altcoins. Stay informed with expert analysis, price trends, and market forecasts to make smarter crypto trading and investment decisions.
Crypto.com price is offering significant sell signals. Traders should proceed with caution.
Bitcoin Price: Blockchain data suggests that the leading cryptocurrency may be in a sustained bear market as over 4.7 million Bitcoins are now held at an unrealized loss. Several bearish signals indicate that the bellwether cryptocurrency could continue to decline.
In a strong warning to Prime Minister Narendra Modi’s government, a top official at India’s central bank reiterated concerns over cryptocurrency trading, likening the virtual coins to Ponzi schemes.
Solana (SOL) price saw its bullish reversal stop short on Sunday and is now nearing the monthly S2 support level again at $89.28. Although ASIA PAC equity and European indices are firmly in the green, the sentiment has not spilled over to US futures and cryptocurrencies yet. Expect a bounce off the monthly S2 support level and look for a first test at $100 to the upside before continuation this week towards $130.70.
Crypto.com said it stopped all deposits and withdrawals while it investigates “unauthorized activity” on some accounts. The crypto wallet provider and trading platform said in a Twitter post that the measure was temporary to allow it improve security and it would resume activity once the update was complete. The company added that all funds are safe.
The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand picks up.
The US dollar is edging higher on signals the Fed is nearing tapering bond buys. ADP’s NFP and the ISM Services PMI are set to rock markets. Oil extends its rise, cryptos move higher and AMC’s stock grabs attention with parabolic rises.