DOGE's extended consolidation suggests accumulation. Can it help reduce short-term volatility?
Binance to Support Syscoin (SYS) Network Upgrade Hard Fork đź’°Coin: SYS ( $SYS ) $0.03203
Ethereum price failed to recover above $1,820 and dropped below $1,650. ETH is now consolidating losses and might face resistance near the $1,675 zone. Ethereum failed to stay above the $1,650 and $1,620 levels. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at risk of more losses below the $1,550 support zone. Ethereum Price Dips Further Ethereum price failed to stay above the $1,800 support zone and extended losses, like Bitcoin . ETH declined heavily below the $1,750 and $1,700 levels. There was a break below a connecting bullish trend line with support at $1,775 on the hourly chart of ETH/USD. The bears even pushed the price below the $1,600 level. A low was formed at $1,537 and the price recently corrected some losses. There was a move above the $1,580 level. The price tested the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. However, the bears are active near the $1,600 zone. The price is now consolidating and facing many hurdles. Ethereum price is now trading below $1,650 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $1,600 level. The next key resistance is near the $1,675 level or the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,537 low. The first major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,820 resistance. An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,550 level. The first major support sits near the $1,535 zone. A clear move below the $1,535 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,400 support level in the near term. The next key support sits at $1,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,550 Major Resistance Level – $1,600
The post Big News: SEC’s Mark Uyeda Investigates Bill Hinman’s 2018 Crypto Speech appeared first on Coinpedia Fintech News Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly. One of the first targets is the 2019 Framework for Investment Contract Analysis of Digital Assets. This document was based on a 2018 speech by former SEC official Bill Hinman, where he suggested that whether a crypto token is considered a security depends more on how centralized the project is, rather than how it was sold. That idea has been pretty controversial in the crypto world, and it looks like the SEC is ready to reconsider it. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements. — U.S. Securities and Exchange Commission (@SECGov) April 5, 2025 Uyeda isn’t just looking at Bill Hinman’s 2018 crypto speech—he’s also reviewing key documents, including: A 2022 guide for crypto companies on market chaos and bankruptcies. A 2021 risk alert about crypto investor threats due to unclear rules. A 2020 memo questioning if banks can legally hold digital assets. A 2021 advisory on mutual funds investing in Bitcoin futures. A 2020 note on COVID-19’s impact on company disclosures. The review aims to roll back some of the stricter rules put in place during Gary Gensler’s time as SEC Chair. Gensler was known for his tough stance on crypto, which many felt was more about blocking innovation than protecting investors. His approach even got called “arbitrary and capricious” by courts more than once. Now, with Uyeda leading the charge and folks like Hester Peirce and Paul Atkins pushing for more transparency, it looks like the SEC is opening up. They’ve been holding crypto roundtables, meeting with industry leaders, and even had a sit-down with BlackRock recently to discuss crypto ETFs and related issues. It’s clear the SEC is starting to clean house, getting rid of outdated rules, and making room for a crypto-friendly future. Investors and crypto enthusiasts are definitely watching closely to see what changes come next.
The Bitcoin network’s hashrate has reached a historic milestone, exceeding 1 Zetahash per second, a significant indicator of its expanding power and security. This unprecedented surge highlights not only the
The Bitcoin network hashrate has topped 1 Zetahash per second (ZH/s) for the first time in Bitcoin’s 16-year history, according to several blockchain data sources. Bitcoin’s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH/s, according to mempool.space data, while BTC Frame data said it hit 1.02 ZH/s a day earlier. Data from Coinwarz says that Bitcoin hashrate soared to as high as 1.1 ZH/s on April 4 at block height 890,915 — however, the same data indicates that Bitcoin first crossed 1 ZH/s on March 24. Bitcoin’s hashrate has fallen back below 0.95 ZH/s on April 7 since reaching 1 ZH/s. Source: BTC Frame Discrepancy in Bitcoin hashrate trackers The differences result from the varying approaches used to calculate hashrate — such as when block times and difficulty adjustments are measured, which Bitcoin nodes and miner pools are used to pull data from and more. Bitcoin cypherpunk Jameson Lopp also previously pointed out that estimating Bitcoin’s hashrate with one “trailing block” as opposed to five can result in a difference of over 0.04 ZH/s. “Viewing the raw Hashrate metric can be deceiving due to random variations in block times,” added Blockware Solutions head analyst Mitchell Askew, who pointed out that Bitcoin’s 30-day moving average hashrate is still around 0.845 ZH/s mark in a note to Cointelegraph. Notching 1 ZH/s is a massive network achievement Despite the discrepancies, the feat highlights the massive amount of computational power and increasing decentralization of the Bitcoin network, making it more secure than ever and significantly reducing the likelihood of a 51% attack. The Bitcoin network’s reported rise to 1 ZH/s — equivalent to 1,000 Exahashes per second — marks a 1,000x increase since late January 2016, when Bitcoin first hit 1 EH/s for the first time. The second-largest proof-of-work crypto network, Litecoin, currently boasts a hashrate of 2.49 Petahashes per second according to Coinwarz — making it around 40,000 times less computationally powerful than Bitcoin. Source: Pierre Rochard Askew noted that the huge rise in hashrate has coincided with more commercial Bitcoin mining firms competing to solve Bitcoin blocks in recent years. “Miners are doubling down: expanding sites and plugging in more efficient machines,” Askew said, adding that less efficient miners could soon be washed out unless Bitcoin’s ( BTC ) price rallies again in the coming months. MARA Holdings is the largest Bitcoin miner with more than 50 EH/s of compute power, while the largest share of hashrate is channeled to Bitcoin mining pools Foundry USA Pool and AntPool, according to the Hashrate Index. Related: Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun At least 24 publicly listed Bitcoin companies have machines set up to mine Bitcoin, according to CompaniesMarketCap.com. Among the other large miners contributing hashrate are Riot Platforms, Core Scientific, CleanSpark, Hut 8 Mining and TeraWulf. Bitcoin’s hashrate soars as BTC plummets on recession fears The new all-time high in Bitcoin hashrate came in the middle of a sharp market downturn — with Bitcoin ( BTC ) falling nearly 10% over the last four days to $78,750, while US stocks saw an estimated $6.6 trillion loss on April 3 and 4 — the largest two-day loss ever. Much of the fall has been attributed to US President Donald Trump’s tariff plans , which many industry analysts say are sparking recession fears. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Peter Navarro, the Chief Strategic Advisor to the White House, emphasized the significance of maintaining a long-term perspective for small investors during a recent address. He articulated that the fundamental
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Elon Musk advocates for no tariffs on international trade between the United States and the European Union. During an event hosted on Saturday by Italy’s Deputy Prime Minister Matteo Salvini, Musk said : I hope it is agreed that both Europe and the United States should move, ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and Notrh America. In addition, he said that he hoped there would be more freedom for people to move between the two regions. That said, Musk’s views appear to be in stark contrast with US President Donald Trump’s approach. On April 2nd, he slammed a new batch of tariffs on literally every country in the world, including 20% levies on imports from the European Union (on certain goods). At the same time, Musk took a jab at Peter Navarro, a White House aide and one of the chief proponents of Trump’s tariff plans. “A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/braings >>1 problem.” Navarro has a PhD in economics from Harvard University. Navarro also responded on Sunday, saying that Musk is “simply protecting his own interests,” among other things. Reuters reports that the EU is seeking to present a unified front in the coming days against said tariffs, aiming to approve a first set of “targeted countermeasures” on targeted imports from the United States worth some $28 billion. International stock markets are under serious tensions as major indices such as the S&P 500, NASDAQ 100, and the DJI charted critical losses during last week’s trading session, which turned out to be the worst since the COVID crash. Bitcoin’s price is also down in the past 24 hours, trading at $78,000 at the time of this writing, decreasing by 6.4%. As CryptoPotato reported , the sudden crash resulted in major liquidations across the derivatives market, currently standing at more than $900 million. The post Free Trade Zone Between Europe and North America: Elon Musk Swipes at Trump’s Tariff Guy appeared first on CryptoPotato .
COINOTAG News, April 7th: In a pivotal move, President Trump has enacted an executive order to introduce a 10% minimum benchmark tariff on international trading partners, alongside customized tariffs targeting