Page 71 - Cryptocurrencies News Today

Prosecutors say he had a key role in the $400 million scheme.

Cryptocurrency token unlocks are typically considered bearish events for asset prices.

ApeCoin (APE) price is nurturing a recovery rally after it consolidated in a horizontal motion. It comes even as altcoins reacted to the spot Bitcoin (BTC) exchange-traded funds (ETFs) theme. With the metaverse and gaming narrative gaining steam, APE appears to be finding tailwinds to resist the growing overhead pressure.

Hedera price is in the midst of either confirming or rejecting a bearish reversal pattern that could have a considerable effect on the altcoin.

Polygon (MATIC) price downtrend has culminated in a nearly 30% fall from the January 11 peak of $0.95 to the Tuesday low of $0.69.

Chinese investors are turning to cryptocurrencies as a safe haven amid the countrys economic downturn and crumbling stock and property markets. Despite a ban on cryptocurrency trading and mining, Chinese investors are finding ways to trade through grey-market dealers and crypto exchanges in Hong Kong. Chinese brokers and financial institutions are also exploring crypto-related businesses in Hong Kong to generate growth.

After Bitcoin, the spotlight is now gradually shifting to Ethereum as the altcoin is witnessing multiple spot ETF filings to its name, including the likes of BlackRock.

Synthetix (SNX) price action since around mid-December has culminated in a descending parallel channel, committing to more losses for as long as it remained within the confines of this governing chart pattern.

Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill. Crypto trading and mining has been banned in China since 2021. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny.

Polygon (MATIC) price downtrend has culminated in a nearly 30% fall from the January 11 peak of $0.95 to the Tuesday low of $0.69.