Bitcoin price struggles to defend $21K as Coinbase faces new SEC wrath
Cold feet reigns across crypto markets once again as Bitcoin bulls lose steam and Ethereum drops 15% in two days. Bitcoin (BTC) fell to $21,000 on July 26 after it emerged that major the United States cryptocurrency exchange Coinbase was under investigation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$21,000 now “super critical” for BTC bullsData from Cointelegraph Markets Pro and TradingView showed a swift reversion to lower levels for BTC/USD as reports emerged of fresh legal problems for Coinbase over securities trading.The U.S. Securities and Exchange Commission,....
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Bitcoin has faced some intense selling pressure over the past few days, with the response to its recent break below $19,000 being quite bearish This validates the notion that this is a crucial level that the crypto much firmly surmount and flip into support if it is to see any further upside One trader is now noting that, while BTC did rebound off of its key support in the upper-$17,000 region, it still faces multiple […]
Bitcoin’s price action has been rather lackluster as of late, with sellers forcing the crypto back below $19,000 as it struggles to gain any clear momentum in either direction. This price action has been surprising considering the macro strength incurred due to the recent multi-week uptrend, but it does seem as though serious upside could […]
Two competing Bitcoin forums on popular social media website strike a startlingly different tone when it comes to one of the most popular and influential corporations in the Bitcoin industry: Coinbase. Bitcoiners like to express disdain for leading Bitcoin wallet service and exchange Coinbase on r/Bitcoin, the Bitcoin forum moderated by the controversial administrator Theymos, who faces criticism for censorship. R/btc, which sprouted as an alternative to r/bitcoin, strikes a more positive tone when it comes to the San Francisco startup. On Reddit, where Bitcoiners love to engage in lively....
As Coinbase nears a possible IPO, the powerhouse exchange faces several big challenges, says Fortune senior writer Jeff Roberts.
As crypto exchange Coinbase faces industry obstacles and economic pressures, the company is examining its operations in greater detail. On Wednesday, Brian Armstrong, CEO of Coinbase, stated in an interview with CNBC’s Kate Rooney that the cryptocurrency exchange is now considering slashing costs. Coinbase’s shares has shed more than 70% of its value this year as […]