The crypto market in the United States has posed significant challenges for startups aiming to compete on a global scale. Despite the Biden administration's commitment to supporting secure blockchain advancements, local crypto companies face substantial barriers that impede widespread adoption.


A key obstacle in their path is the Securities and Exchange Commission (SEC), which has become a major hindrance for these companies. As a result, leading American crypto firms like Coinbase Global and Ripple have been compelled to redirect their efforts towards international markets, seeking more favourable conditions for growth and expansion.

While the United States continues its journey in the crypto space, regulatory complexities remain a crucial factor influencing the landscape. As local startups navigate these obstacles, the global crypto community closely observes the developments, eagerly anticipating advancements in regulatory frameworks that foster innovation and wider acceptance.












 

 

The Bitcoin price has been bullish since the early trading hours, as the prices have risen up from the previous day’s lows at around $26,500. The price is currently trading above $27,200 but requires a minor boost to break above the crucial resistance at $27,500. Although, the token displayed a bewildered price movement, the possibility of a bullish breakout appears to be pretty high after the recent upswing.

The moving average, or MA, levels are considered one of the important resistance or support levels. The hourly or daily MA levels offer the base in case of an extended bearish trend, and hence rising above these levels, flashes bullish signals for the crypto in the short term. However, if the price surges above the weekly MA, then it can be considered bullish in the long term, regardless of whether the rally is trading under the bearish influence in the short term.

On Bitcoin Pizza Day ( $BTC Price):

2023 : $26,830
2022: $29,492
2021: $37,340
2020: $9,060
2019: $7,958
2018: $8,355
2017: $2,109
2016: $439
2015: $241
2014: $523
2013: $123
2012: $5.10
2011: $6.12
2010: $0.004

Crypto exchange Gemini accuses Digital Currency Group (DCG) of failing to make a $630 million payment to subsidiary Genesis Global Capital. Gemini is in talks to prevent default and CEO Cameron Winklevoss plans to sue DCG over a $900 million loan.

Genesis filed for bankruptcy, facing allegations of commingled funds and loan repayment disputes. Both Gemini and DCG are accused of selling unregistered securities by the SEC.

Prominent crypto analyst and influential YouTuber Chris, also known as Satoshi Stacker, recently shared his predictions regarding the future price movements of Bitcoin and Ethereum.

Bitcoin witnessed a significant decline followed by a subsequent recovery and is presently trading within a defined range. This range-bound movement indicates that Bitcoin recognizes the established support and resistance levels. Chris emphasized that the market is currently experiencing an indecisive phase, leading to uncertainty among traders about the next potential direction.

Let's explore his analysis on our latest article on crypto market anlaysis.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently facing uncertainty as recent price movements fail to inspire confidence among investors. Over the past few weeks, ETH prices have been volatile, experiencing highs that initially seemed promising but ultimately leading to disappointing lows. Despite the bulls' efforts, resistance levels remain unbroken, leaving many crypto investors wondering if the Ethereum price will continue to decline.

As of mid-May 2023, Ethereum is encountering challenges in maintaining its position. Bears have exerted significant pressure, causing the price of Ethereum to follow a downward trend. Recent on-chain data indicates a crossover in the Ethereum taker buy/sell ratio, a signal that has historically signaled a peak in the asset's price.

Notably, the Ethereum Taker Buy/Sell Ratio's 280-Day and 476-Day Moving Averages (MAs) have intersected, attracting attention from market observers. This development adds to the overall uncertainty surrounding Ethereum's future performance.

Memcoin frenzy has started

The BTC price just slipped below $27,000, the levels it had held for the past couple of days but had yet to validate the conquest of the bears for the day. The price after the fresh pullback is testing the lower support of the ascending triangle that it maintained since the beginning of the year 2023. Therefore, a plunge below these levels may cause a massive drop in the BTC price, which may even extend below $25,000.

In the meantime, while the BTC price has been largely stagnant, the whales have been accumulating the star crypto. As per the data from a popular on-chain platform, Santiment, they have been constantly accumulating over the past 5 weeks, bringing the count close to 85,000.