BTC, ETH, XRP, ADA and SHIB Price Analysis for February 6
The crypto market is facing one of the biggest dumps in recent times, according to CoinMarketCap.BTC/USDThe rate of Bitcoin (BTC) has declined by 4.79% over the last 24 hours.On the daily chart, the price of BTC has made a false breakout of yesterday's bar's low at $62,200. Even if the bar closes…
Why Bitcoin's $60,000 Hit Is Becoming New Crypto Legend
Precision is a "foreigner" in a $1.2 trillion market defined by chaos and slippage. Yet, following yesterday’s brutal $2.6 billion liquidation cascade, Bitcoin achieved the statistically impossible — a "perfect bottom" at exactly $60,000.00. Across global order books, from Coinbase to…
Bitwise Files for Spot Uniswap ETF, Price Reacts
Industry participants might be focused on the current market meltdown, but Bitwise is choosing to position in the DeFI world through Uniswap. In a recent update, it was revealed that Bitwise has filed for a spot Uniswap ETF, a rare feat considering the current market outlook.Bitwise Uniswap…
China Enacts Fresh Crypto Crackdown
The People's Bank of China (PBOC) has issued a comprehensive new mandate aimed at stamping out the evolving risks in the digital asset sector, along with seven other powerful government ministries, Sina, a major Beijing-based publication, reports. The notice, entitled "Notice on Further…