Author: dfmines

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Anything that we need to know about the Ethereum London Hardfork as an ETH holder? submitted by /u/RepresentativeAd1254 [link] [comments]

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Payments giant Paypal is hiring more than 100 crypto-related positions as demand for cryptocurrencies grows. Paypal’s CEO recently revealed the company’s expansion plans, stating, “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that.” Paypal’s Crypto-Related Job Postings Paypal is hiring more than 100 […]

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dHEDGE’s “v2” Polygon deployment boasts a SushiSwap integration enabling asset managers to access Sushi’s DEX and yield farming functionality.

Bitcoin price started a downside correction from the $42,600 zone against the US Dollar. BTC is now trading below $40,000 and it might extend losses towards $38,500. Bitcoin started a downside correction below the $41,200 and $40,000 support levels. The price is now trading below $40,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $40,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue lower towards the $38,500 support zone in the near term. Bitcoin Price Back Below $40K Bitcoin price extended its increase above the $42,000 resistance level. BTC even climbed above the $42,500 resistance level and settled above the 100 hourly simple moving average. However, the price struggled above the $42,600 level. A high was formed near $42,629 before the price started a downside correction. There was a break below the $41,200 and $40,500 support levels. It even broke the $40,000 support level and the 100 hourly simple moving average. A low is formed near $39,281 and the price is now consolidating. An immediate resistance on the upside is near the $40,000 level. It is near the 23.6% Fib retracement level of the downward move from the $42,629 swing high to $39,281 low. The first major resistance is near the $40,500 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $40,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the downward move from the $42,629 swing high to $39,281 low. If there is an upside break above the trend line, bitcoin could rise towards $41,200. The next major resistance on the upside is near the $42,000 zone. More Losses in BTC? If bitcoin fails to climb above the $40,000 and $40,500 resistance levels, it could continue to move down. An initial support on the downside is near the $39,200 level. The first major support is now near the $38,500 zone. A clear downside break below the $38,500 support might call for more losses. The next major support is near the $37,000 zone. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 30 level. Major Support Levels – $38,500, followed by $37,000. Major Resistance Levels – $40,000, $40,500 and $42,000.

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