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Bitcoin (BTC) price impressed traders and investors last weekend, rallying almost 10% with a newly found bullish momentum. However, there has not been much activity for the king crypto since then, as it was stuck in a rut with no directional bias. The stall seems to have given bears a chance to recover the market, with Bitcoin recording a daily drop of almost 3% to auction for $27,137 as of the time of writing. Notably, more than 50% of the ground covered in the weekend rally has been cleared, with more losses in sight for the crypto king. Bitcoin Price Creates Stark Contrast Between Pulsechain DEX And Spot Market Value Meanwhile, Bitcoin price recently hit a $70,000 high on the decentralized exchange (DEX) PulseChain, recording a flash surge that saw BTC rise from its current price range of around $27,000. The report came after the Dexscanner platform provided real-time insights into liquidity and trading volumes across decentralized exchanges, noting a trading volume nearing $19.8...

In a recent report, market intelligence platform IntoTheBlock underscores the crucial role of liquidation blocks when evaluating risk in decentralized finance (DeFi) protocols. It highlighted that overlooking this metric could expose investors to the risk of insufficient collateral for loan repayment, especially if a liquidation remains open for an extended period. Evaluating risk in DeFi protocols? Don't overlook this crucial metric: the number of blocks needed to perform a liquidation. As a liquidation remains open longer, a price decrease in assets could lead to insufficient collateral for loan repayment. https://t.co/BfMMBOHesb… pic.twitter.com/4pYtOcrVd7 — IntoTheBlock (@intotheblock) May 31, 2023 Liquidation blocks refer to the number of blocks required for the liquidation process to complete. The report highlights that protocols with shorter liquidation periods offer increased security and resilience against sudden asset price decreases. This is crucial...

The Cartesi price prediction may lack short-term, but if the price increases, the coin is likely to face moderate volatility in the market soon. Cartesi Prediction Statistics Data: Cartesi price now – $0.190 Cartesi market cap – $141.1 million Cartesi circulating supply – 740.9 million Cartesi total supply – 1 billion Cartesi Coinmarketcap ranking – #182 CTSI/USD Market Key Levels: Resistance levels: $0.320, $0.330, $0.340 Support levels: $0.070, $0.060, $0.050 CTSI/USD is currently trading around the $0.190 level above the 9-day and 21-day moving averages. In the range of the ascending channel, the closest support is located at $0.175, with a close resistance at $0.205. Meanwhile, if the market increases, additional resistance can be found toward the upper boundary of the channel. Cartesi Price Prediction: Cartesi (CTSI) May Go Bullish According to the daily chart, it is obvious that the Cartesi market may create more bullish trends if the b...

The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears. Bitcoin and the S&P 500 Index (SPX) recovered from their respective intra-week lows to finish last week on a positive note. The recovery was largely driven by the expectations of a debt ceiling deal being reached between the White House and congressional Republicans.  While the short-term picture looks promising, traders should not let their guard down. Many times, the price rises on rumors and falls on the news. It needs to be seen whether the bulls will build upon last week’s strength or give back some of the gains after the deal makes its way through Congress. Daily cryptocurrency market performance. Source: Coin360 One positive in favor of the crypto bulls is that Bitcoin’s supply continues to diminish because long-term investors with conviction refuse to sell their holdings. Glassnode’s “Hodled and Lost Coins” metric has risen to its...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s largest exchange by trading volume, apparently has a plan to return to Japan after being absent for about five years now. The exchange has started a process of creating a new subsidiary, presumably Binance. Japan, like it did with the US and several other countries so far. #Binance will launch a new #Crypto exchange for Japan🇯🇵 Residents. Expected to Launch this Summer 🤯 — TheWignus (@TheWignus) May 29, 2023 This new subsidiary would be fully regulated and compliant with Japan’s strict laws, unlike Binance’s main platform , which was forced to leave the Japanese market to avoid changing its business model. The move comes after the acquisition of another regulated crypto exchange called Sakura Exchange Bitcoin (SEBC), which Binance purchased in November 2022. As part of the deal, SEBC is supposed to fully cease its current activities ...

Also Read: Binance To Suspend Crypto Services For Japan By November 30 advertisement Earlier, McCarthy announced the deal agreement saying the president wasted several months of time and refused to negotiate on the debt ceiling. The deal announcement just a few days before the June 1, 2023 deadline, after which there could have been turmoil in the financial markets. “I just got off the phone with the president a bit ago. After he wasted time and refused to negotiate for months, we’ve come to an agreement in principle that is worthy of the American people.” Debt Ceiling Deal Reached Biden confirmed the news saying “Speaker McCarthy and I reached a budget agreement in principle.” However, further negotiations are yet to be done to finalize the legislative text, before the agreement will go to the United States House and Senate. The tentative deal involves raising the US federal government’s $31.4 trillion debt ceilin...

Deaton wrote the comment on Twitter in response to a statement made by Ron DeSantis, Florida’s Governor, and Presidential Candidate, which highlighted that “the current regime clearly has it out for Bitcoin .” advertisement “If the ideological alliance between Torres, Kennedy, and DeSantis tells us anything, it’s that Bitcoin makes strange bedfellows.” – @SamLyman33 Great article by Sam. But DeSantis is wrong. If Biden is re -elected his administration can’t kill # Bitcoin https://t.co/OXWpttjPll — John E Deaton (@JohnEDeaton1) May 26, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

There is a need for crypto regulators across the world to talk to each other as it would help to check bad actors from exploiting regulatory gaps, according to Elisabeth Wallace, Associate Director, Policy and Strategy, Dubai Financial Services Authority (DFSA). There are plans in place by the DFSA to update its rules on crypto tokens and related operations in the region. In line with that, Wallace has urged other regulators to foster bilateral communications. She believes regulators from different jurisdictions could synchronize their rules by talking to each other or find ways to plug the gaps currently exploited by some practitioners in the industry. Speaking during a virtual conference, Wallace observed that several crypto businesses hide under one umbrella to operate a significant number of activities. According to her, such practitioners are spread across the whole globe and attempt to exploit the gaps left by varying regulatory protocols between jurisdictions. T...

McCarthy Optimistic On Debt Ceiling Deal House Speaker Kevin McCarthy expressed optimism today, stating that he believes the White House and Republican negotiators can reach a deal in time, potentially by the end of the day. McCarthy emphasized that significant progress was made during talks held on Wednesday with President Biden. However, he pointed out that the administration still needs to resolve certain issues regarding raising the federal debt limit. advertisement Read More: Binance Launches NFT Lending Feature To Rival Blur’s Blend Protocol While acknowledging that not everyone will be satisfied with the outcome, McCarthy explained that the nature of the political system is meant to be opinionated. When asked about the crucial “X-date” — the day when the U.S. government can no longer meet all its financial obligations — the Californian Republican stated that they would adhere to any timeline provided by the treasury secretary....