Weekly CryptoNews

Weekly CryptoNews

Bitcoin is falling further. Yesterday it plunged to $7,666, and today the cryptocurrency is quite above $8,000. Does bitcoin have chances to recover?

  • According to a forecast of Goldman Sachs, a possibility of bitcoin’s plunge below a February low is actual. If a bitcoin’s price is not able to gain a foothold above the support at $9,210, a collapse below $5,922 and lower is quite possible.


  • The Japanese cryptocurrency exchange Coincheck repaired losses to all users in one day, that cost $435 million. The repayment had a positive impact on NEM that was stolen when Coincheck was hacked.
  • Help Binance, earn money! The cryptocurrency exchange Binance announced a reward of $250,000 for the information that will help to find hackers who tried to hack the platform on March 7. Moreover, the company allocated another $10 million for awards for help in preventing similar incidents.


  • Coinbase is widening its influence. Coinbase is the first US cryptocurrency exchange that got a license to work in the UK. With this license, it has a right to work in all EU countries.
  • The number of Lightning Network's nods in the Bitcoin’s network rose above 1K. Will the Lightning Network become an answer of Bitcoin to low commissions of altcoins?
  • Telegram is putting more restrictions. Investors that are under US and EU sanctions will not be able to participate in the Telegram’s ICO.xTelegram-ICO-TON.jpg.pagespeed.ic.wVh68Z-fEz.jpg
  • Scientists of the University of California created an artificial intelligence ICORATING that determines ICO scam.
  • Congressmen could not agree whether regulate cryptocurrencies or not. Hearings on cryptocurrencies and ICO were held in the US Congress. A part of them offered to start regulating cryptocurrencies immediately. Another part said that the USA already have tools to effectively control the market.
  • The European Commission (the executive body of the EU) does not plan to ban mining if it fits energy consumption’s rules. 

Bitcoin $8,215.3 (+4.79%)

DASH $412.5 (+3.11%)

Ethereum $607.51 (+3.04%)

Litecoin $161.25 (+3.00%)



USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Apple is Under Pressure
Apple is Under Pressure

Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news!  Today’s events: USA, UK, Hong…

US Dollar Prepares for the Pump
US Dollar Prepares for the Pump

On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies. 

Latest news

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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