According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners […]
The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
So now that Merge is complete and Eth can sport a more carbon neutralish suit than others, how long until mobs start to jump on tokenized rewards everywhere… from Reddit to Walmart? submitted by /u/R_Kotex_Cylborg [link] [comments]
Polkadot price had touched the $8 price level before the bulls lost steam and fell on the one-day chart. DOT travelled 3.6% lower in the last 24 hours on its chart. Over the past week, DOT had gained some value, but most of that was nullified at press time. The Polkadot price was making a recovery over the last two days as it had declined before that. Buyers had stepped in during the recovery period. At the time of writing, however, buyers had exited the market again. The technical outlook for the coin was bearish, with sellers taking over the market. The support zone for Polkadot price stood between $6.16 and $5.52. A fall below the $5.52 mark could bring DOT down below the $5 mark. As Bitcoin’s bulls fizzled out in the market, most altcoins that registered gains also started to lose their bullish momentum. If demand for DOT increases on its chart, the coin can attempt to revisit its immediate resistance mark. If buying power continues to fall, DOT will return to its local price support line. Polkadot Price Analysis: One Day Chart DOT was trading at $6.29 at the time of writing. The bulls tried hard to defend the price of the altcoin at $8, but buying strength fell, and it caused the altcoin to fall on its chart. The Polkadot price will witness a tough price ceiling at the $6.80 mark as the coin has been rejected at that level a couple of times in the past. A move past the $6.80 level will help DOT inch near the $7.73 price mark. On the flip side, the local support level for the coin stood at $6.17 and a fall from that mark would push Polkadot near the $5.52 level. Over the last trading session, the amount of Polkadot traded fell, signalling declining buying strength. Technical Analysis DOT was displaying that there was a fall in buying strength on the one-day chart. For most of this month, Polkadot price witnessed increased selling pressure, which has caused the bears to eventually gain more strength. The Relative Strength Index was below the half-line, and that meant sellers were out in force compared to buyers in the market. Polkadot was below the 20-SMA line, and that can be interpreted as less demand. It also meant that sellers were driving the price momentum on the one-day chart. Related Reading: Bitcoin Price Crashes To $19,000, But Stays Strong Against Other Assets DOT’s technical indicators displayed that selling strength had taken over the chart. The Moving Average Convergence Divergence indicates the price momentum and overall price action of the coin. The MACD continued to display red signal bars, which were also sell signal for the coin. Bollinger Bands measure price volatility and price fluctuation. The bands had widened as they reflected incoming price fluctuations for the altcoin. Related Reading: Ethereum Price Broke Out Of Descending Channel, What’s Next? Featured image from Publish0x, Chart: TradingView.com
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation.
Ethereum is drawing attention from the SEC as it changes to POS. The foundation is attracting SEC attention even though it doesn't earn money. In other words, it does not conflict with item 2 of the Howey test.(That's, the investment of money is NOT in a common enterprise.) So I want to know if the…
Read more
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
submitted by /u/leafytx [link] [comments]
After a bit of a rush 2 days ago, we are down to just the female-appearance avatars remaining. I was curious to find out how many of those are left, to give an indication on when the entire series will be gone. We have a total of 7 remaining now. It has been this way…
Read more
Bitcoin failed to stay above the $20,000 resistance against the US Dollar. BTC is sliding and might even break the $18,250 support zone. Bitcoin failed to stay above the $20,000 resistance and started a fresh decline. The price is trading below $19,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower below the $18,250 support zone in the near term. Bitcoin Price Restarts Decline Bitcoin price attempted a decent upward move above the $19,500 resistance. BTC even climbed above the $20,000 resistance and the 100 hourly simple moving average. However, the crypto market faced a fresh selling interest after the US Dollar regained strength. As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $20,000 level. Besides, there was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC/USD pair. The pair declined below the 61.8% Fib retracement level of the upward move from the $18,645 swing low to $20,383 high. It is now trading below $19,000 and the 100 hourly simple moving average. An immediate support on the downside sits near the $18,600 level, with a bearish angle. On the upside, an immediate resistance is near the $19,000 level. Source: BTCUSD on TradingView.com The next major resistance sits near the $19,200 zone and the 100 hourly simple moving average. A close above the $19,200 level might start a decent increase. In the stated case, the price could rise towards $19,500. Any more gains might lead the price higher towards the $20,000 resistance zone. More Losses in BTC? If bitcoin fails to recover above the $19,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,500 zone. The next major support is near the $18,250 zone. It is near the 10236 Fib extension level of the upward move from the $18,645 swing low to $20,383 high. Any more losses might call for a drop towards the $17,500 support zone in the coming sessions. 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 – $18,500, followed by $18,250. Major Resistance Levels – $19,000, $19,200 and $20,000.
