Bitcoin Bull Trap: Bears Begin To Dig Claws Into Crypto Trend

Bitcoin Bull Trap: Bears Begin To Dig Claws Into Crypto Trend

“Bitcoin price is on the rebound, but after such a sharp fall and more than 50% retracement, any reversal must be considered a potential bull trap until much higher prices are reclaimed. Further adding credence to the theory of a potential bull trap, a trend strength indicator very clearly shows that bears are in charge,”

Source: NewsBTC

India to regulate, not ban, crypto: Cabinet documents

“Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate

Academic research claims ETH is a ‘superior’ store of value to Bitcoin

“The report highlights the merits of EIP-1559 as a tool for making ETH a deflationary cryptocurrency and potentially better store of value than Bitcoin. Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary