Author: dfmines

Cryptocurrency News and Public Mining Pools

TA: Ethereum Struggles Below $2.5K, Why 100 SMA Is The Key

Ethereum is consolidating below $2,500 against the US Dollar. ETH price could continue to move down if there is no break above $2,500 and $2,550. Ethereum managed to stay above the $2,320 and $2,300 support levels. The price is still trading below $2,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $2,450 and $2,500. Ethereum Price Holds Support Ethereum declined below the $2,550 support after there was no upside break above $2,700. ETH even declined below the $2,400 level and the 100 hourly simple moving average. However, the bulls were active near the $2,300 zone. A low is formed near $2,316 and the price is now correcting higher. There was a move above the $2,400 level. Ether price even climbed above the 23.6% Fib retracement level of the downward move from the $2,729 swing high to $2,316 low. It is still trading below $2,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,450 level. Besides, there is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might start a steady increase. In the stated case, the pair could even surpass the $2,550 level. Source: ETHUSD on TradingView.com The next key hurdle could be $2,630. It is near the 76.4% Fib retracement level of the downward move from the $2,729 swing high to $2,316 low. More Losses in ETH? If ethereum fails to start a fresh increase above the $2,500 level, it could start a fresh decline. An initial support on the downside is near the $2,350 level. The first key support is now forming near the $2,315 level. If there is a downside break below the $2,315 and $2,300 levels, the price could accelerate lower. The next major support for the bulls may perhaps be near the $2,220 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now just above the 50 level. Major Support Level – $2,315 Major Resistance Level – $2,500

Is it possible for DeFi hacks to be completely prevented?

In December of 2021 I lost all my money in a wallet hack. $20k in all. Might not seem like much but that was everything to me. I now understand all the McDonald memes on crypto twitter LOL. It greatly affected me and got me interested in Web3 security. I know we have Ledgers and…
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Apple stock jumps after CEO reveals it's investing in the Metaverse

Time Cook said in an investors call that Metaverse applications have a lot of potential and that his company is investing in AR developments on its devices.

Disgraced MP tells Parliament UK can be the 'home' of crypto

“These innovations have the potential to disrupt finance, just as social media has disrupted communication, or online shopping has changed retail,” said Matt Hancock.

Doge Temple creator says the Metaverse is out, the Microverse is in

Niche “Microverse experiences” are the future of the Metaverse. According to the CEO of virtual party platform Party.Space Yurii Filipchuk,

Turkey’s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse

The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous study should be done,” said President Erdoğan. Turkish President Wants the Ruling Party to Study Crypto and the Metaverse Turkish President Recep Tayyip […]

TA: Bitcoin Regains Momentum, What Could Spark Additional Upsides

Bitcoin found support near $35,550 and started a fresh increase against the US Dollar. BTC must clear $38,000 for additional upsides in the near term. Bitcoin corrected lower but the bulls were active near the $35,550 zone. The price is now trading above $37,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a clear move above the $38,000 resistance. Bitcoin Price Finds Support Bitcoin price started a downside correction from the $38,500 resistance zone. BTC declined below the $36,500 level and the 100 hourly simple moving average. However, the bulls were active near the $35,550 zone. A low was formed near $35,550 and the price started a fresh increase. There was a clear move above the $36,200 and $36,500 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair. The pair is now trading above $37,000 and the 100 hourly simple moving average. It is testing the $37,200 resistance zone. It is near the 50% Fib retracement level of the recent decline from the $38,899 swing high to $35,550 low. On the upside, an initial resistance is near the $37,250 level. The first major resistance is near the $37,650 zone. It is near the 61.8% Fib retracement level of the recent decline from the $38,899 swing high to $35,550 low. Source: BTCUSD on TradingView.com The main resistance is still near the $38,000 zone. An upside break above the $38,000 resistance could start a steady upward move. The next key resistance is near the $38,500 level, above which the bulls might gain strength. More Losses in BTC? If bitcoin fails to start a fresh increase above $38,000, it could start another decline. An immediate support on the downside is near the $36,500 zone. The first major support is seen near the $35,550 zone. A downside break below the $35,550 support zone may perhaps push the price towards the $34,000 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $36,500, followed by $35,550. Major Resistance Levels – $37,650, $38,000 and $38,500.

As someone who’s not from the USA, you all politicize crypto way too much.

We get it. Your government can potentially **** this up for everyone. Like real bad. But is this the place where you need to shill your favourite political party and share the same overused "this party bad, this party good" rhetorics? No. There are so many of us that don't give an absolute donkey's ass…
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