After reviewing six months of market data and observing two negative indicators, the price of HBAR is likely to continue falling. Unless buyers can drive the price above $0.1031, it’s expected to move lower.
According to data from CryptoQuant, over 23,000 Bitcoins – worth approximately $1.66 billion – have moved off of cryptocurrency exchanges in the last 30 days. This is happening without any significant news or market reactions, and most individual investors haven’t noticed the consistent outflow.
The mastermind behind this sweeping review? None other than Philip Rycroft, a man whose name sounds like a forgotten character from a Dickens novel. Rycroft, once a bigwig at the Home Office, also suggests capping donations from British expats at £100,000 to £300,000 per year. Because apparently, the only thing more dangerous than a crypto bro is a crypto bro living in Marbella.
The European Central Bank is taking steps to officially establish the technical groundwork for its digital euro. According to Executive Board member Piero Cipollone, the bank plans to release important standards by this summer.
On March 24, Turkey’s crypto community threw a digital tantrum, complete with hashtags and fiery tweets, just a day before the Grand National Assembly was set to vote on this financial nightmare. The bill? A 0.03% transaction levy, a 10% tax for domestic exchange users, and a jaw-dropping 40% for foreign platform traders. CPA Evren Özmen broke it down, and let’s just say, no one’s inviting this bill to the party.
In the grand tradition of existential quandaries, Strategy has decreed that this chosen one shall wield influence over the very institutions of power-banks, funds, and the like-dictating how they shall store their cryptocurrency. For Strategy, you see, is not content with mere wealth; it aspires to be the arbiter of security standards for Bitcoin custody across the globe. A noble endeavor, indeed, or perhaps a folie de grandeur?
At the Digital Asset Summit in New York, Mitchnick, the high priest of the world’s largest asset manager, delivered his sermon to the faithful. With a wave of his hand, he dismissed the vast majority of tokens as fleeting phantoms, their existence as meaningful as a snowflake in a blizzard. “The majority of that is nonsense,” he declared, his tone as dry as a Tolstoy novel. Bitcoin and Ethereum, he proclaimed, are the only true heirs to the crypto throne, while the rest are but footnotes in the ledger of history.
Behold, the ECB, in its benevolence, grants payment firms, banks, and merchants a fleeting moment to prepare their altars before the digital euro descends upon them. Piero Cipollone, the ECB’s sage, proclaimed to the EU lawmakers that the standards shall be revealed by summer, a gesture as grand as a royal decree. “Prepare thy systems,” he intoned, “for the digital euro cometh, and woe betide those who lag behind.”
The daily chart for Bitcoin looks like a person who’s lost their keys-directionless but not entirely hopeless. It held within a 24-hour range of $68,969 to $72,026, which is about as exciting as watching paint dry, but at least it’s above the psychological support of $70,000. Because, you know, $70,000 is the new $10,000, or something.
The founders of CoinDCX have been released on bail. The court’s decision focused on a fraudulent website used in the alleged fraud, changing the focus of the case.
