According to the crypto YouTuber, CryptoKid, that could lead to a price drop of up to 19% by the pioneer cryptocurrency.

Bitcoin has formed a bearish crossover on the weekly chart’s moving average convergence divergence (MACD) indicator.

A developing head and shoulders pattern suggests BTC could potentially drop lower.

The United Arab Emirates (UAE) has become the center of attention with its pioneering Crypto Oasis, gaining recognition as a premier hub for top-tier protocols and cutting-edge infrastructure.

The crypto community expresses frustration at the US government’s anti-crypto stance.

Crypto influencer Eri called UAE’s Crypto Oasis a “home away from home.”

UAE’s Crypto Oasis attracts admiration for top-tier protocols and infrastructure.

Eligible users will need to hold Lady Ape Club NFTs, Baby Ape NFTs, and DNA to claim the LAC token airdrop.

the trending NFT collection has already begun airdrop of LAC tokens for its users from May 22 onwards.

Lady Ape Club (LAC) announced the launch of its native token, LAC.

Matt Hamilton, former Director of Developer Relations at Ripple, expressed concerns about the case against Ripple following the recent discovery of internal emails from the SEC. He noted that the regulator’s position appears unfavorable based on the available information. However, Hamilton cautioned that the final outcome might not match expectations due to the complexities of the U.S. regulatory and legal system.

XRP may experience a breakout soon given that a wedge chart pattern has formed on its daily chart.

Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.”

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.

The breakout predicted by Crypto Rover may be a rally given that a significant bullish flag was on the verge of triggering on BTC’s daily chart. At press time, the daily RSI line was looking to cross bullishly above the daily RSI SMA line. In addition to this, the daily RSI was in oversold territory.

BTC’s price closed below the psychological $27K level on Thursday following a more than 2% drop in the day’s trading session. Yesterday, it had attempted to reclaim a position back above the key level, and reached a high of $27,183, but retraced to close yesterday at $26,880.
#BTC

BTC was unable to replicate its positive performance against the Dollar with its biggest competitor, Ethereum (ETH). At press time, BTC was down 0.15% against ETH.

Since then, BTC’s price has climbed to its current level and was looking to flip the $27K level back into support at press time. A confirmation of this happening will be when the RSI line on the 4-hour chart crosses bullishly above the RSI SMA line. Should this cross happen, BTC could climb to $27.8K in the following 24-48 hours.

The drop in BTC’s price had caused it to break below the 9 EMA line and 20 EMA line on its 4-hour chart, which also caused the two EMA lines to cross – triggering a bearish flag. During this drop, BTC had plummeted all the way down to a low of $26,374, but was able to recover and close the 4-hour candle back above the $26.5K support at $26,755.

Pasha asserted that crypto will not be legalized in Pakistan.