Miners have accumulated $600M worth of Bitcoin since Feb
Bitcoin miners appear reluctant to sell their BTC as hashrate increases despite the recent sell-off.
Bitcoin miners appear reluctant to sell their BTC as hashrate increases despite the recent sell-off.
Ethereum started a major decline below the $3,200 support zone against the US Dollar. ETH price traded as low as $2,807 and it is now attempting a recovery wave. Ethereum started a fresh decline below the $3,300 and $3,200 support levels. The price is now trading below $3,200 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady recovery wave if there is a close above $3,050 in the near term. Ethereum Price Corrects Losses Ethereum started a major decline from the $3,500 resistance zone. ETH traded below many important support zones near $3,300 and the 100 hourly simple moving average, similar to bitcoin. The bears gained strength below the $3,200 support zone. Finally, ether spiked below $3,000 and extended its decline. A low is formed near $2,807 and the price is now correcting losses. There was a break above the $2,920 and $2,950 resistance levels. The price recovered above the 23.6% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. An immediate resistance on the upside is near the $3,020 level. There is also a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com A close above the $3,020 and $3,050 levels could start a decent recovery. The next major resistance might be near the $3,130 level. It is near the 50% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. A clear break and close above the $3,130 level could start a steady increase. The next major resistance sits near $3,300. More Losses in ETH? If ethereum fails to correct higher above the $3,020 and $3,050 resistance levels, it could start another decline. An initial support on the downside is near the $2,960 level. The next major support seems to be forming near the $2,900 level. A downside break below the $2,900 support zone could lead the price towards the $2,800 zone. The next major support is near the $2,750 level, below which ether price might decline towards the $2,640 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still well below the 50 level. Major Support Level – $2,960 Major Resistance Level – $3,050
ERTHA metaverse is Heroes of Might and Magic game-type inspired economic and social life built on a binance smart chain to explore and investigate the world by choosing specializations and increasing the strength of your NFT and country. Ertha’s globe consists of 350,000 HEX land plots, represented as NFTs. By owning a HEX land plot, […]
I checked out the code and discovered ravencoin-seeder wouldn't build out of the box. Super minor fix on a minor thing, but it just feels nice to toss my first commit into something (even if it ends up not getting approved). 🙂 https://github.com/RavenProject/ravencoin-seeder/pull/3 submitted by /u/Xangis [link] [comments]
Robinhood is reportedly testing a new crypto wallet feature that would finally enable users to withdraw crypto from its app.
Everyday we see newcomers proudly state that something as solid as Ethereum will never lose 80% of its value but little do they know that Ethereum lost 94% of its value over the course of 11 months in the year 2018. And it wasn't until year 2020 that Ethereum started to see a slow recovery.…
Read more
submitted by /u/medoweed516 [link] [comments]
Has anyone tried fastpool.xyz/rvn? Is it safe/reliable to provide hash power to such small pools? Las time I checked it only had 114 Mhm/s. It could take weeks to find a block, but the rewards could be nice, at least in theory, right? Also it would help to de-centralize the network, am I correct? …
Read more
The Shanghai Stock Exchange is currently on holiday, celebrating the Mid-Autumn Festival, they will reopen on Wednesday at 9:30 China time. When it reopens, we will see the real impact of Evergrande both on stock and crypto markets. You can track the time until opening here: https://www.tradinghours.com/markets/sse/hours Hope for the best, but be ready for…
Read more
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto Exchanges Expected to Shut […]