Ethereum risks ‘bull trap’ after 25% ETH price rebound
ETH price faces headwinds from bearish technicals coupled with strong Ethereum investment outflows.
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Coinbase to shut down Coinbase Pro to merge trading services
Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies.
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading…
Crypto.com Receives Regulatory Nod in Singapore
The Singapore-based cryptocurrency exchange, Crypto.com, has announced the first approval toward a license that will enable the firm to expand its financial services in the city-state. Crypto.com Receives Approval in...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been…
MATIC Gets Bullish Boost on Polygon Carbon Neutrality News
The recent news that Polygon’s MATIC network has achieved carbon neutrality could give its native token the strength to advance higher. Polygons MATIC Targets Higher Highs MATIC appears to be...
Celsius token CEL rises 300% in one week amid a GameStop-like ‘short squeeze’ event
The crypto lending platform's Insolvency risks puts CEL price at risk of a 70% drop.
More ‘forced selling’ ahead? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever
The shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend.
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
L2 scaling solution Synthetix collaborated with Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC and sUSD/3CRV, allowing investors to convert synths into tokens.
What is a bear trap in trading and how to avoid it?
Intended to convince market participants of a price correction, bear traps are orchestrated by entities with large holdings to make quick profits.
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