Author: dfmines

Regulated crypto bank Avanti CEO Caitlin Long says tarring the entire crypto industry with the same brush is unfair.

submitted by /u/wisercharlie [link] [comments]

Bitcoin price broke the key $52,000 resistance zone against the US Dollar. BTC remains supported and it could continue to climb higher towards $55,000. Bitcoin started a fresh increase above the $51,500 and $52,000 resistance levels. The price is now trading above $52,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $52,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dips a few points, but it might find support near $52,250 and $52,000. Bitcoin Price Extends Gains Bitcoin price consolidated above the $51,000 zone for some time before starting a fresh increase. BTC broke the key $52,000 resistance zone and the 100 hourly simple moving average to move further into a positive zone. The price even broke the $52,500 resistance and traded as high as $52,800. It is now trading well above $52,000 and the 100 hourly simple moving average. An immediate support is near the $52,400 level. It is near the 23.6% Fib retracement level of the recent increase from the $51,183 swing low to $52,800 high. The next support could be near the $52,250 level. There is also a key bullish trend line forming with support near $52,250 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The main support is now forming near the $52,000 level. It is close to the 50% Fib retracement level of the recent increase from the $51,183 swing low to $52,800 high. If there is a downside break below the $52,000 support zone, the price could extend its decline. In the stated case, the price could test the $50,850 support or the 100 hourly SMA. More Upsides In BTC? If bitcoin stays above the $52,000 support zone and the trend line, it could rise further. An immediate resistance on the upside is near the $52,650 level. The first major resistance is near the $52,800 level. A close above the $52,800 level could pump the price further in the near term. The next major hurdle for the bulls could be near the $53,500 zone. Any more gains could lead the price towards the $54,200 level. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 60 level. Major Support Levels – $52,250, followed by $52,000. Major Resistance Levels – $56,650, $52,800 and $53,500.

submitted by /u/pale_blue_dots [link] [comments]

Officially joined the 1 full token club! Back when it rose to ATHs I didn’t think I’d be able to get a full one. I been buying the dip as well as the ride back up! Converted some Of my BTC to make this happen, but I like ETHs future over BTCs. Cheers everyone! …
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Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products.

The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based solution that “does not jeopardize the whole banking system.” Lagarde Unveils ECB’s […]

General Conclusion $OHM is a decentralised reserve currency that can be used as an alternative to traditional fiat. It uses the Reserve + Algo mechanism. It uses four stability mechanisms: treasury, LP tokens, bonds and staking. How We Classify Stablecoins In a few newsletters ago, we discussed that the four main stablecoin mechanisms are Reserves,…
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