Category: Cryptocurrency News

Snowden draws attention to buying Bitcoin after the March 2020 crash as BTC price action consolidates below $17,000.

Hi all, I'm pretty new to the crypto space and I'd like to get ahead on my taxes for the year. I've looked at some different software that generates transaction reports (Cointracker, Koinly, CoinLedger) and all appear to have fees related to downloading tax docs. Some only charge above a certain number of transactions and…
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Edit: 5th tweet 40 seconds ago – I'll stop updating since they're coming faster now ​ Edit: 4th tweet arrived boys: https://twitter.com/SBF_FTX/status/1592214726708453376 ​ Edit: Just 1 hour ago SBF decided to make a third tweet saying: 3) A I've never before seen somebody trying to self sabotage their image and career like this. Is he…
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submitted by /u/NftSol [link] [comments]

Bitcoin price failed to clear $18,000 and started a fresh decline. BTC is showing bearish signs and it might soon decline towards the $15,000 level. Bitcoin started a fresh decline from the $18,000 and $18,150 resistance levels. The price is trading below $18,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline below the $15,500 support zone in the near term. Bitcoin Price Resumes Drop Bitcoin price attempted a recovery wave above the $17,500 resistance zone. However, BTC failed to gain strength above the $18,000 resistance and stayed below the 100 hourly simple moving average. A high was formed near $18,155 and there was a fresh decline, similar to ethereum, bnb, and ripple. The price declined below the $17,500 and $17,200 support levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $15,555 swing low to $18,155 high. Bitcoin price is now trading below $18,000 and the 100 hourly simple moving average. Besides, there is a key bearish trend line forming with resistance near $16,400 on the hourly chart of the BTC/USD pair. The price also spiked once below the 76.4% Fib retracement level of the upward move from the $15,555 swing low to $18,155 high. On the upside, an immediate resistance is near the $16,800 level and the trend line. The first major resistance is near the $17,000 level and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com A clear move above the $17,000 resistance might push the price further higher. The next major resistance is near $17,500, above which the price could test the $18,000 zone. More Losses in BTC? If bitcoin fails to start a recovery wave above the $17,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $16,000 level. The next major support is near the $15,550 zone. A clear move below the $15,550 support might push the price further lower. In this case, the price may perhaps decline towards the $15,000 support zone. 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 below the 50 level. Major Support Levels – $16,000, followed by $15,550. Major Resistance Levels – $16,800, $17,000 and $17,500.

All the news spreading around, all the FUD surrupnding them, it looke like they will really be going down. But they're not and the worst is proabbly behind them. All this media and people on twitter felt like an attack against them. This had to cause tens and hundreds of millions of withdrawals. And they…
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submitted by /u/marsangelo [link] [comments]

I bet that most of us are using Twitter and we're there getting information about the crypto scene, crypto predictions, NFT use, and new collections. It's like that over a night Twitter became the main crypto social platform. Do you have that feeling too? Musk now owns a social network that is used by a…
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CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX.