A brutal correction witnessed in the Dogecoin (DOGE) market between May 2021 and February 2022, which saw the price dropping by almost 85%, appears to have come to a halt this month. DOGE/USD rebounds 30% in two weeks DOGE experienced strong dip-buying when its price crashed to levels around $0.10 two weeks ago, resulting in a 30% rebound move to $0.14 as of March 27. Meanwhile, the coin's upside retracement originated at a support level that constitutes a "falling wedge" setup, signaling an extended bullish reversal in the weekly sessions ahead. In detail, a falling wedge pattern occurs when the …

Can you trace a cryptocurrency tumbler or Bitcoin mixers? Due to crypto mixing services, it is tough to track specific coins because all the coins are pooled together and then distributed at random intervals. Cryptocurrency tumblers let retailers rewrite their crypto history by constructing a custom blockchain utilizing a variety of digital currencies. They route transactions through a complex semi-random network of other fictitious exchanges, making it difficult for users to link currencies to specific exchanges. Thus, coins cannot be traced if moved through a tumbling service. Bitcoin tumblers and Bitcoin mixers are two alternative techniques to muddle the blockchain …

Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem. Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The layer-two (L2) scaling solution utilizes zk-Rollups to provide fast, low-cost transactions and the project has been gaining traction throughout the month of March. Data from Cointelegraph Markets Pro and TradingView shows that the price of LRC gained 57% between March 21 and March 23 as its …

Stocks or cryptocurrency — Which is safe? If you are aware of the risks and consciously deal with them, then both stocks and cryptocurrencies are safe to trade with. Cryptocurrency vs. Stocks: Does one pose more risk than the other? Sure, the crypto market is extremely volatile and new. Stocks are more proven investment instruments but are also highly volatile. There are a lot of people who have a percentage, if not all, of their wealth invested in cryptocurrencies. It’s not wise to use the crypto market as a quick win. But, there are a lot of coins to earn …

Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open. Bitcoin fakeouts: Third time's the charm? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion's share of the week's progress. Traders had sounded the alarm on a possible retracement after a large sell wall appeared on major exchange Bitfinex. In the event, sell-side pressure prevailed, halting bulls' advance at just above $45,000. "Still waiting to see how price trades around yearly open. The prev times I targeted it we came up …

The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the scope for offsetting energy use and climate changes related to digital assets. On March 9, United States President Joe Biden signed an executive order, directing various federal agencies to examine implications of digital assets on six key areas — consumer and investor protection, financial stability, financial inclusion, responsible innovation, the United States’ global financial leadership and combating illicit financial activity. As a part of the initiative, the OSTP invited the general public and other stakeholders to …

Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan. Effective from April 1, Coinbase users from Canada, Singapore and Japan will be required to provide additional information while sending cryptocurrencies to a different (non-Coinbase) platform. However, while Singaporean and Japanese investors will be required to share additional information about the recipient for every single off-platform transaction, Canadians sending less than $801 (1,000 CAD) will be exempted from this requirement. As shown in the above screenshot, Canadian users will need to share the full name and residential address …

Investing in any financial asset can be a tricky exercise, but this is especially true for the fast-paced cryptocurrency market, which comes with its own unique set of pitfalls and challenges. A popular saying dictates that it takes 10,000 hours to master a skill and become an expert. In cryptoland time, this is measured in market cycles, which subject each trader to a few trips on the roller coaster of volatility as a crash course on navigating the market. Here are five important lessons every trader should learn when it comes to investing in cryptocurrency bull markets. Rule #1: No …

This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Fink’s letter to shareholders where he said that the Russia-Ukraine conflict has opened up avenues for digital currencies to be used as a mode of settlement for international transactions. Another bit of news that may have aided the up-move in crypto prices was that Goldman Sachs redesigned its website with emphasis on the growth of digital …

The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum "merge" on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake. Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, the price of Ether has climbed 25% from $2,500 to a daily high at $3,193 on March 25 as traders look to lock in their positions ahead of the merge. Here’s a look at what analysts in the market are saying could happen with the price of …

Bitcoin (BTC) was up nearly 5% in 24 hours at the Wall Street open on March 25, but a new warning sign was giving traders cold feet. Bitfinex whale flips to sell mode Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting multi-week highs of $45,137 Friday as Wall Street got underway. As $45,000 reappeared for the first time since the start of the month, however, so did all-too-familiar behavior among some of Bitcoin's biggest investors. Attention turned to exchange Bitfinex on the day, a platform famous for large-volume traders, or whales, guiding short-term price action with their trades. …

It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC). Now, the Prime Minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island. Satoshi Island is the megaproject crypto utopia in the South Pacific, which recently disclosed to Cointelegraph the vision, progress and preparation. Hot on the heels of news that they received 50,000 citizenship NFT applications, the PM of Vanuatu has given his blessing to “watching the development of Satoshi Island unfold.” For the team …