As the cryptocurrency market grapples with a broader decline, altcoins have faced significant challenges, with Ethereum (ETH) leading the way with losses nearing 20%.
This drop comes after Ethereum’s repeated failures to break through the crucial resistance level of $4,000, a barrier that has proven formidable in recent months also preventing the cryptocurrency to reach new record levels as Bitcoin (BTC) did to close 2024.
Former Thai Prime Minister Thaksin Shinawatra has proposed a significant shift in Thailand’s approach to online gambling and cryptocurrency regulation.
Speaking at a public event in Bangkok, Thaksin outlined the economic potential of legalizing online gambling, a move he estimates could generate over 100 billion baht ($2.89 billion) annually in government revenue.
The crypto market has entered 2025 with a bullish momentum, fueled by a number of global developments. Recently, Bitcoin touched the $100,000 mark for the first time, driven by the appointment of Paul Atkins, a pro-crypto advocate, as SEC Chair under the Trump administration. This move marks a significant regulatory shift towards fostering innovation in the digital asset market in the US.
In a recent interview with CBS News, JPMorgan CEO Jamie Dimon reiterated his longstanding skepticism toward Bitcoin, stating, “Bitcoin itself has no intrinsic value.”
After Monday’s drop, Ethereum (ETH) fell below key support levels and hit its lowest price since November. Nonetheless, several market watchers remain bullish, predicting a massive rally for the cryptocurrency this quarter.
XRP’s price surged amid broader uncertainty in the crypto market, driven by aggressive whale accumulation and speculation about a possible ETF listing in the US, according to crypto analysts.
The United Kingdom has launched a consultation to explore a ban that would prevent operators of critical national infrastructure from paying ransomware cybercriminals.
The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.
An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset.
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