Category: Cryptocurrency News

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.

MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone. MATIC price started a decent increase above the $0.90 resistance against the US dollar. The price is trading above $0.90 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.00 and $1.12 resistance levels. Polygon’s MATIC Price Eyes Steady Increase This past month, polygon’s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours). However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours). It gained over 5% today, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Source: MATICUSD on TradingView.com If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level. Dips Limited in MATIC? If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level. The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level. Technical Indicators 4-hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now in the overbought zone. Major Support Levels – $0.90 and $0.85. Major Resistance Levels – $0.95, $0.98 and $1.00.

2013: Launched in December, a “meme coin” featuring a Shiba Inu dog as its mascot Dogecoin, a fork of Litecoin, was born. Despite originating as a joke, it commanded a large number of supporters due to its meme potential. On December 19, Dogecoin jumped nearly 300% in value in 72 hours, rising from $0.00026 to…
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Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains. Ethereum remained well supported and even cleared the $1,280 resistance zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the $1,250 and $1,230 support levels. Ethereum Price Gains Bullish Momentum Ethereum price formed a base above the $1,230 level and extended its recovery wave. ETH was able to climb above the $1,250 and $1,280 resistance levels, similar to bitcoin. The bulls even pushed the price above the $1,300 resistance zone. A new multi-week high is formed near $1,309 and the price is now correcting gains. There was a minor decline below the $1,295 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high. Ether price is now trading above $1,250 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,275 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,300 level. The first major resistance is near the $1,320 level. A clear move above the $1,320 resistance might send the price further higher. The next major resistance is near the $1,380 level, above which ether price might even clear $1,400. Source: ETHUSD on TradingView.com In the stated case, the price could rise towards the $1,450 resistance zone. Any more gains might send the price towards the $1,500 resistance zone. Dips Limited in ETH? If ethereum fails to continue higher above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the trend line. The next major support is near the $1,275 level or the 61.8% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high. If there is a break below $1,275, the price could test the $1,250 support. Any more losses may perhaps start another decline towards the $1,225 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,275 Major Resistance Level – $1,300

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Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese crypto market as a regulated entity. “The Japanese market will play a key role in the future of cryptocurrency adoption,” said the general manager of Binance Japan. Binance Entering Japan Cryptocurrency exchange Binance announced Wednesday that it […]

Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.

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