Ethereum Tests $2,300 Range As Market Adds $70 Billion

Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day. This new recovery comes in light of the news of bitcoin whales accumulating over 60,000 bitcoins in a single day. The biggest accumulation so far of 2021 in 24 hours. The bullish news pushed the price of bitcoin over the $35,000 range and Ethereum…

Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve

Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days.  Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30 on June 22, the price of ALPHA has rallied 196% to a monthly high at $0.89 on July 6 as its 24-hour volume spiked 433% to $293 million. ALPHA/USDT 4-hour chart. Source: TradingView Reasons for…

Binance Blocks SEPA Transfers, Affecting EU Users

Key Takeaways Binance has disabled SEPA transfers, a common payment method that European customers use to deposit funds. The decision is likely the result of a recent FCA action that prohibits the exchange from operating in the U.K. It is unclear whether Binance plans to resume SEPA transfers. Share this article Binance has reportedly suspended SEPA transfers, according to an email that the exchange has sent to its users. SEPA Transfers Suspended Binance’s email reads: “Due to events beyond our control, we are temporarily suspending EUR deposits via SEPA Bank…

Licensed Iranian crypto miners ordered to halt production ‘altogether’

Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were likely to continue until early August, purportedly in line with Rouhani’s previously announced prohibition on crypto mining. The president said in May that crypto mining would be banned in the country until September in an…

Bitcoin Trend Strength Indicator Suggests Bull Run Isn’t Yet Over

Bitcoin price is still stuck well below $35,000 but any attempt to push prices below $30,000 are bought up in minutes. Eventually, one side will have to break, and according to a trend indicator, it could be in favor of bulls. The tool, which measures the strength of a trend, suggests that the more dominant high timeframe bull trend isn’t anywhere close to finished, and it could lead to enormous upside if history repeats. Technical Analysis 101: How To Read The Average Directional Index The Average Directional Index isn’t as…

Binance suspends euro bank transfers amid regulatory heat

Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday.  Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control, Binance said in the email: “Due to events beyond our control, we are temporarily suspending EUR deposits via SEPA Bank Transfers from 8 am UTC on July 7, 2021.” The email was sent a day after British financial…

China’s regulatory crackdown on crypto continues

Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued a warning to all financial institutions and payment service providers to not provide any crypto-related services to customers. This includes businesses not advertising or providing office space for any “virtual currency-related business activities.” As part of a regulatory crackdown, the two groups announced they had ordered the…

ADA, DOGE overtake BTC as the most popular cryptocurrencies for US eToro users

American users of the popular eToro trading platform are taking up altcoins with growing conviction, with the likes of Cardano’s ADA and Dogecoin (DOGE) becoming more popular buy-and-hold assets than Bitcoin (BTC). New research shared with Cointelegraph showed that ADA is the most popular cryptocurrency held by United States-based eToro users, up from third place in the second quarter of 2020. After not making the rankings at all a year ago, DOGE is now the second most-held cryptocurrency among U.S.-based investors. Rounding out the top five are Tron, Ether (ETH) and Bitcoin,…

Bybit Transformation: A Newer and Better Crypto Trading Experience

Share this article Bybit unveils a string of major improvements. Bybit Updates Trading Platform What a rollercoaster ride it’s been — and we still have six more months to go before turning a new page in time. As observers to recent events can testify, one should always expect the unexpected with the crypto market. The months of May and June saw markets whipsaw amid heightened volatility. Midyear mayhem aside, it’s important for us to also remember the finer happenings in 2021 — including a massive first-quarter bull run, the support…