Category: Cryptocurrency News

Ripple is consolidating below the $0.35 resistance zone against the US Dollar. XRP price could extend its decline if there is no recovery wave above the $0.35 barrier. Ripple is currently consolidating below the $0.35 and $0.365 levels against the US dollar. The price is now trading below $0.365 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a decent recovery if it clears the $0.350 resistance zone. Ripple Price Faces Resistance After struggling to clear the $0.40 resistance, ripple’s XRP started a fresh decline against the US Dollar. The price dropped below the $0.380 and $0.365 support levels to move into a bearish zone. The price gained pace below the $0.35 support and settled below the 100 simple moving average (4-hours). The bulls finally appeared near the $0.332 level. A low is formed near $0.3321 and the price is now consolidating losses, just like bitcoin and ethereum. Xrp price climbed a few points above the $0.340 level. An immediate resistance is near the $0.350 zone. There is also a key bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair. The trend line is close to the 23.6% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low. A successful break above the $0.350 resistance might send the price towards the $0.365 resistance. It is close to the 50% Fib retracement level of the downward move from the $0.3968 swing high to $0.3321 low. Source: XRPUSD on TradingView.com The next key resistance is near the $0.372 level and 100 simple moving average (4-hours). Any more gains might send the price towards the $0.40 level in the coming days. More Downsides in XRP? If ripple fails to clear the $0.350 resistance zone, it could continue to move down. An initial support on the downside is near the $0.340 level. The next major support is near $0.332. If there is a downside break and close below the $0.332 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.340, $0.332 and $0.305. Major Resistance Levels – $0.350, $0.365 and $0.372.

Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels. Ethereum attempted a recovery wave and climbed above the $1,200 level. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady increase if there is a clear move above $1,230 and $1,250. Ethereum Price Eyes Upsides Break Ethereum price started an upside correction from the $1,150 support zone. ETH was able to climb above the $1,180 and $1,200 levels. There was a close above the $1,200 level and the 100 hourly simple moving average. Ether price even tested the $1,230 resistance zone. It is now consolidating below the $1,230 level, similar to bitcoin. There was a minor decline below the $1,220 level. The price declined below 23.6% Fib retracement level of the upward move from the $1,150 swing low to $1,230 high. Ether is now trading above $1,200 and the 100 hourly simple moving average. An immediate resistance is near the $1,220 level. There is also a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH/USD. The first major resistance is near the $1,230 level. A clear upside break above the $1,230 resistance could send the price towards the $1,250 resistance. Source: ETHUSD on TradingView.com To start a steady increase, the price must settle above the $1,230 and $1,250 levels. The next major resistance could be $1,300. If the bulls clear the $1,300 resistance, the price might rise towards $1,345. Any more gains might send the price towards the $1,400 resistance zone. Fresh Decrease in ETH? If ethereum fails to climb above the $1,230 resistance, it could start another drop. An initial support on the downside is near the $1,200 level and the 100 hourly simple moving average. The next major support is near the $1,190 level. It is close to the 50% Fib retracement level of the upward move from the $1,150 swing low to $1,230 high. A downside break below $1,190 might spark a move towards the $1,150 support. Any more losses could lead the price towards the $1,065 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now slowly gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,190 Major Resistance Level – $1,230

U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which aims to “protect self-custody from misguided attempts to restrict it.” U.S. Lawmaker Pushes for Self-Custody Congressman Warren Davidson (R-Ohio) has touted crypto self-custody following the […]

There are so choices on the market, I don't know where to start with. Hoping experienced subscriber can share some light on this, much appreciated. submitted by /u/SunnySideUp8899 [link] [comments]

It will actually increase them. For example, I only stake one validator because I am not confident in the liquidity once locked in a contract. HOWEVER, once the option is enabled to remove (pending rate limits, etc) then I am 100% staking the rest. submitted by /u/NiceAsset [link] [comments]

The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

2 months ago, CCIP-040 made 2 changes: Comedy flair posts will not count towards limiting the number of posts allowed per token in the top 50 posts. Instead, Comedy flair posts will have their own limit of just two. If you read the comments in original poll, a lot of people liked the 1st half…
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I have just started to look into crypto, and I have to admit, I'm confused. I'm neither a believer, nor a skeptic, as I simply don't have the information, and I don't have the knowledge to discern which sources are the best and most trustworthy. I would be eternally grateful for any help you all…
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Bitcoin price is still struggling below $17,000. BTC remains at a risk of a fresh decline unless there is a clear move above the $17,200 resistance zone. Bitcoin is facing a strong resistance near $17,000 and $17,200. The price is trading above $16,800 and the 100 hourly simple moving average. There is a new declining channel forming with resistance near $16,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt a recovery wave if there is a clear move above the $17,200 resistance zone. Bitcoin Price Struggle Continues Bitcoin price started an upside correction from the $16,250 zone. BTC managed to recover a few points and was able to settle above the $16,600 level. There was a clear move above the $16,800 resistance and the 100 hourly simple moving average. The price even attempted an increase above the $17,000 resistance, but the bears were active. A high was formed near $17,067 and the price is consolidating in a range. There was a minor decline below the 23.6% Fib retracement level of the upward wave from the $16,261 swing low to $17,067 high. Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,900 zone. There is also a new declining channel forming with resistance near $16,900 on the hourly chart of the BTC/USD pair. The first major resistance is near the $17,000 zone. Source: BTCUSD on TradingView.com The main hurdle seems to be forming near the $17,200 and $17,250 levels. A clear move above the $17,250 resistance might call for a move towards the $17,500 resistance. The next major resistance is near $18,000, above which the price climb towards the $18,450 resistance zone. Fresh Drop in BTC? If bitcoin fails to clear the $17,200 resistance, there could be a fresh drop. An immediate support on the downside is near the $16,700 level and the channel trend line. The next major support is near the $16,625 level or the 50% Fib retracement level of the upward wave from the $16,261 swing low to $17,067 high. A downside break below the $16,625 support might call for a move towards the $16,370 level. Any more losses might send the price towards $16,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $16,700, followed by $16,370. Major Resistance Levels – $17,000, $17,200 and $17,500.

On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that both Ellison and Wang have been cooperating with law enforcement officials. The U.S. Securities and Exchange Commission (SEC) […]