Weekly Roundup: Key Headlines in Cryptocurrency
By: Isha Das
- Bitcoin Faces Key Resistance Levels - Bitcoin shows bullish momentum after surpassing $92,500, eyeing a breakout above $93,500, supported by its 100-hour simple moving average.
- Zcash and Chainlink ETFs Show Crypto-Traditional Finance Convergence - Grayscale's ETF initiatives highlight the bridging of traditional investment and crypto, with plans for a Zcash ETF about to launch.
- China Reaffirms Crypto trading Ban - The People's Bank of China reinforces its cryptocurrency trading ban, addressing a resurgence in speculative activities.
- Bitcoin Drops Below $87k Due to Japanese Bond Yield Surge - A surge in Japanese government bond yields causes Bitcoin's price to fall below $87,000, resulting in a market shake-up.
- Ethereum Pressured as Prices Dip - Ethereum drops below key levels, reaching $2,800 amid concerns of a Bank of Japan rate hike and other market pressures.
- Ripple Labs Expands Payment Activities in Singapore - Ripple secures approval from Singapore's central bank to enhance its regional payment operations.
- Historic Bitcoin Awakening - Two physical Casascius coins release $179 million in Bitcoin into circulation after remaining untouched for 13 years.
