Category: Cryptocurrency News

Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years.

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the $0.074 resistance zone. DOGE is currently struggling to clear the $0.074 resistance against the US dollar. The price is trading below the $0.0725 zone and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.0740 resistance zone. Dogecoin Price Aims Higher After a sharp decline, Dogecoin’s price found support near the $0.0685 zone. DOGE formed a base and recently started a decent increase above $0.070, similar to Bitcoin and Ethereum. There was a clear move above the $0.0720 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low. Besides, there was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE/USD pair. However, the bears were active near the $0.074 resistance. Dogecoin faced rejection near the 76.4% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low. Doge is now trading below the $0.0725 zone and the 100 simple moving average (4 hours). It is holding the key $0.0718 support zone. On the upside, the price is facing resistance near the $0.0722 level. The first major resistance is near the $0.0740 level. Source: DOGEUSD on TradingView.com A close above the $0.074 resistance might send the price toward the $0.0775 resistance. The next major resistance is near $0.0800. Any more gains might send the price toward the $0.0825 level. Downside Break in DOGE? If DOGE’s price fails to gain pace above the $0.074 level, it could continue to move down. Initial support on the downside is near the $0.0718 level. The next major support is near the $0.0700 level. If there is a downside break below the $0.070 support, the price could decline further. In the stated case, the price might decline toward the $0.0685 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0718, $0.070, and $0.0685. Major Resistance Levels – $0.0722, $0.0740, and $0.0775.

Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement.

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

Ethereum price is correcting gains from the $1,920 resistance against the US Dollar. ETH could start a fresh rally if it clears the $1,920 and $1,930 resistance levels. Ethereum is still struggling to clear the $1,920 resistance zone. The price is trading above $1,880 and the 100-hourly Simple Moving Average. There is a crucial bullish trend line forming with support near $1,890 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a substantial decline if it breaks the $1,870 support. Ethereum Price Reaches Key Support Ethereum’s price started a downside correction after it failed to clear the $1,920 resistance zone. ETH corrected lower below the $1,900 level, similar to Bitcoin. There was a move below the 23.6% Fib retracement level of the key increase from the $1,836 swing low to the $1,930 high. However, the bulls were active above the $1,870 support zone. There is also a crucial bullish trend line forming with support near $1,890 on the hourly chart of ETH/USD. Ether is now trading above $1,880 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,920 zone. The next major resistance is near the $1,930 level. Source: ETHUSD on TradingView.com A proper move above the $1,920 and $1,930 resistance levels might send Ether toward $2,000. The next resistance sits near $2,050, above which Ethereum could rise toward $2,120. Any more gains above the $2,120 resistance zone might send the price toward the $2,250 resistance. An intermediate resistance might be $2,200. Downside Break in ETH? If Ethereum fails to clear the $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,890 level and the trend line. The next major support is near the $1,870 zone or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level of the key increase from the $1,836 swing low to the $1,930 high. If there is a close below the $1,870 support, the price could decline toward the $1,840 support. Any more losses may perhaps send the price toward the $1,800 level or even $1,780 in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $1,870 Major Resistance Level – $1,920

The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.

Suiswap with $200M FDV and a valuation of $10 Billion seems to have been copying homework of other players in the game. The metadata for the SuiSwap site is a picture of AptosSwap. The devs literally could not be bothered to change the metadata for this low effort copy and paste. ​ This seems like…
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Bitcoin price is consolidating above the $27,500 support. BTC could start a fresh increase unless there is a clear move and close below $27,500. Bitcoin is still holding the key $27,500 support zone. The price is trading above $27,550 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $27,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a break above the $28,000 resistance zone. Bitcoin Price Holds Support Bitcoin price started a downside correction after it failed to clear the $28,500 resistance zone. BTC moved below the $28,200 and $28,000 levels. There was also a drop below the $27,800 level but the bulls were active near the $27,500 support. A low is formed near $27,559 and the price is now consolidating. There was already a test of the 50% Fib retracement level of the recent decline from the $28,045 swing high to the $27,559 low. Bitcoin price is now trading above $27,550 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $27,850 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $27,850 level and the trend line. The next major resistance is near the $28,000 level or the 76.4% Fib retracement level of the recent decline from the $28,045 swing high to the $27,559 low. Source: BTCUSD on TradingView.com An upside break and close above $28,000 could start a steady increase toward $28,500. If the bulls manage to clear the $28,500 resistance zone might send the price toward the $29,200 resistance zone. The next key resistance is near $29,500, above which the price might rise toward the $30,000 resistance. Downside Break in BTC? If Bitcoin’s price fails to clear the $28,000 resistance, it could continue to move down. Immediate support on the downside is near the $27,550 level. The next major support is near the $27,500 zone and the 100 hourly SMA, below which the price might start a steady decline. In the stated case, the price could drop toward the $27,000 support. 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 below the 50 level. Major Support Levels – $27,550, followed by $27,500. Major Resistance Levels – $28,000, $28,400, and $28,500.