THE DAILY ENCRYPT

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TA: Bitcoin Fails to Test $45K, Why Dips Could Be Attractive

Bitcoin attempted a move towards $45,000 but failed against the US Dollar. BTC is correcting lower, but dips might be limited below $42,800. Bitcoin extended increase above $44,000 before it faced sellers. The price is trading above $43,500 and the 100 hourly simple moving average. There was a break below a short-term rising channel with …

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SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits

The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks in Interest-Bearing Crypto Accounts The U.S. Securities and Exchange Commission’s Office of Investor Education and

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Representing Lawyer of XRP Holders Predict SEC’s Next Move As Ripple Price Hikes

Ripple is one of the altcoins that has strived comparative well within the cryptocurrency space. The price-performance and the general trend in the protocol’s ecosystem have made this crypto one of the outstanding long-term and short-term investment choices. Currently, Ripple is ranked in the 6th position according to CoinMarketCap, as it boasts a market cap …

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Bitcoin Dominance Will Continue To Decline In Favor Of Ethereum, Altcoins, FTX US President

Bitcoin has maintained dominance over altcoins like Ethereum and others for the longest time. This dominance, although has declined over time, still helps the digital asset maintain its title as the most valuable cryptocurrency in the space. However, in only a matter of years, bitcoin’s dominance on the market has declined by half, and according …

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Market Update: Cryptocurrencies Rebound After The Super Bowl

The top ten cryptos were all up yesterday after some crypto companies advertised during the pro football championship game. Yesterday’s market volatility continued with the SPX500 and DJ30 falling 0.29% and 0.44%, respectively, as well as NASDAQ100, rising marginally by 0.25%. Investors were again unnerved by geopolitical tensions throughout Europe to bring about a sell-off …

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