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On April 26, newly enacted laws that empower law enforcement agencies in the United Kingdom to “seize, freeze and destroy” crypto assets came into effect.
This legislative action directly responds to the escalating trend of illicit cryptocurrency transactions within the UK.
Shiba Inu (SHIB) price faces bearish woes at the time of writing, which could result in the meme coin witnessing further decline.
Investors could counter this, but now, their intentions are leaning more toward selling than accumulating.
The changing dynamics of the crypto market have opened up Harmony (ONE), Render (RNDR), Near Protocol (NEAR), dogwifhat (WIF), and Stellar Lumens (XLM) to potential profits.
BeInCrypto has analyzed the direction these cryptocurrencies could take and how it would affect the entire crypto market.
Cardano’s (ADA) price at the time of writing falls back after failing to breach a resistance trend line.
Combined with the bearish cues from the investors, it appears that ADA might be looking at a further decline.
The Solana (SOL) price continues to undergo a corrective phase, prompting speculation about further declines or a potential upward reversal.
Initially, Solana exhibited a rebound from the golden ratio support situated around $125.
Many crypto assets have noted exceptional rallies throughout March and April and have inched close to posting new all-time highs.
BeInCrypto analyzes the potential digital assets that could see another All-Time High (ATH) in May as the market enters the post-halving month.
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Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
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Polygon (MATIC) price will likely struggle to find a direction given the mixed cues it receives from the market and investors.
While the possibility of a rally and decline are equally likely, MATIC is leaning more towards the former for this reason.
In the crypto ecosystem, a few astute traders stand out by skillfully navigating the meme coin market. One such crypto trader, known by the Solana Name Service username “paulo.sol,” has recently amassed over $22.8 million in profits.
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Understanding Bitcoin’s market dynamics is crucial for investors in the volatile crypto industry. Maksim Balashevich, CEO of Santiment, offers a compelling analysis.
He highlights why caution is necessary after the recent Bitcoin (BTC) halving on April 20.
The US Securities and Exchange Commission (SEC) has taken legal action against the crypto mining firm Geosyn and its co-founders. The commission accuses the defendants of misappropriating investor funds totaling $5.6 million.
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