It's Monday here, and the Asian markets are open and bleeding. Source: https://money.cnn.com/data/world_markets/asia/ Hong Kong's Hang Seng : -3.4% Japanese Nikkei: -3.46% India's SENSEX: Just opened but is around -2.85% and falling rapidly. Markets take cues from each other and the European and the American markets might probably go down at opening. Crypto has been…
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The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used […]
It’s insane how much banks and hedge funds have gamed the system to line their pockets and rig the game in their favor. The more you look into it, the more you see that the entire traditional financial system is fraudulent/manipulated. The worst part is how smug these institutions are about their blatant malpractice and…
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The prominent developer and prolific project founder has stepped down from any involvement in the crypto and DeFi space following the spotty launch of the Solidly project.
submitted by /u/ShotBot [link] [comments]
Hey there, I'm relatively new in mining. I'm mining ETH on Hiveos but would like to get paid in Ravencoin. Can someone give me a quick wallet guideline on how I could do that on hiveos instead of getting paid in ETH? submitted by /u/ITwhatisthat [link] [comments]
Bitcoin started a fresh decline below $40,000 against the US Dollar. BTC is gaining bearish momentum and could even drop to the $35,000 support. Bitcoin started a fresh decline below the $40,000 and $39,000 levels. The price is trading below $40,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $38,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down towards $35,000 unless it recovers above $39,000. Bitcoin Price Extends Decline Bitcoin price started another major decline after it failed to stay above the $42,000 support. BTC broke many important supports near $40,000 to enter a bearish zone. The price gained bearish momentum below the $39,000 level and the 100 hourly simple moving average. It even declined below the $38,000 support level and traded as low as $37,801. The current price action suggests more downsides below $37,800. If there is an upside correction, bitcoin price might face resistance near the $38,500 level. It is close to the 23.6% Fib retracement level of the recent decline from the $41,920 swing high to $37,801 low. There is also a key bearish trend line forming with resistance near $38,500 on the hourly chart of the BTC/USD pair. The first key resistance is near the $39,800 level. It is close to the 50% Fib retracement level of the recent decline from the $41,920 swing high to $37,801 low. Source: BTCUSD on TradingView.com A clear move above the trend line resistance and then a move above $39,800 might start a steady increase. The next major resistance for the bulls may possibly be near the $40,500 level and the 100 hourly simple moving average. More Losses in BTC? If bitcoin fails to clear the $38,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $37,800 zone. The next major support is seen near the $37,400 level. If there is a downside break below the $37,400 support, the price might start a major decline. In the stated case, there is a risk of a move towards the $35,000 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 30 level. Major Support Levels – $37,800, followed by $37,400. Major Resistance Levels – $38,500, $39,800 and $40,000.
I parked some money in ADA late last year. At that time, I got the impression that it was a hot project that was approaching its architecture deliberately, with an eye on long-term functionality and sustainability. While the market as a whole has been very unstable, ADA just seems to have stopped moving. Could you…
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A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar […]
I’m doing this within my Coinbase wallet’s browser. submitted by /u/iFizzgig [link] [comments]
