MEXC Social Media Moderator Yağmur Bayoğlu evaluates the cryptocurrency news that affects the #Bitcoin and #altcoin markets in the Crypto Report program.
#SEC Case May Stimulate #Altcoin Market
The hearing regarding the lawsuit between an exchange based at #ABD and #SEC was made public last week. It was observed that the judge of the case took a stance against the accusations put forward by #SEC. The "securities sales" accusations in this case are of particular concern to the #altcoin market. According to an analysis from #Bloomberg over the weekend, #SEC has a high chance of losing in a securities suit against #altcoinler and a lawsuit against #staking. Bloomberg senior litigation analyst Elliott Stein suggests that there is a 70% chance that #SEC will exit the case with a defeat.
#Bitcoin Network Security Level is at Record Level
The #Bitcoin network #hash rate has reached an all-time high, exceeding 500 EH/s (exahash) per second. The increasing #hash rate shows that the blockchain is more secure and protected against attacks than ever before. Now the network needs more computing power and the demand is increasing. The increasing #hash rate reflects the increasing participation of miners and points to a vibrant and expanding blockchain.
#X Payment Verified: Eyes on #Dogecoin (#DOGE)
As of the weekend, a mini rally was seen in the #Dogecoin price. On January 20, #DOGE rose from $0.07951 to $0.09058. The reason for the rally was the verification of the account belonging to Elon #Musk's company X Payments, which will create the payment system on X. It has been confirmed that the "@XPayments" account, formerly known as Twitter, belongs to the X management. Thus, as it became clear that a payment system would be established on X, the price of Dogecoin, Elon Musk's favorite altcoin project, also increased.
00:00 Introduction-General Outlook in Markets 03:41 SEC Case May Stimulate the Altcoin Market 05:03 Bitcoin Network Security Level at Record Level 05:58 X Payment Confirmed: All Eyes on Dogecoin (#DOGE) 07:15#BTC Technical Analysis 08:35#ETH Technical Analysis 09:36#MX Technical Analysis 10:53#SEI Technical Analysis 12:24 MEXC Ongoing Kickstarter Events
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