Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
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It’s no secret Sam Bankman-Fried shelled out millions to Democratic causes. But it turns out a fellow top executive — Ryan Salame, the former co-head of FTX’s derivatives business and FTX whistleblower — was backing Republicans and conservative PACs in a big way. Meanwhile, some of the donations from SBF himself may not have been…
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I'm a mod of an ETH project, and I've been deleting the same post 5-10 times a day. Now I am noticing that there are bots posting a thread in web3 subs all over: [Brand] is giving away [amount e.g 700] nfts free to the first [identical amount to give away e.g 700] people. Also…
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At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]
The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely. As Bitcoin slipped on its chart too, most altcoins have been depreciating on their respective charts as well. The technical outlook of the coin was bearish as accumulation decreased due to an increase in liquidation. Broader market support is necessary for LINK to propel its price to a higher level. For instance, Bitcoin has been stuck between the $17,400 and the $18,000 price levels. If BTC trades above the $17,400 level, multiple altcoins can potentially rally. Although the overall trend of the Chainlink price does not clearly indicate a breakout on the upside, the coin currently trades near a level that has previously triggered several rallies for the coin. Chainlink’s trading volume has decreased, indicating that bears have taken control of the market. Related Reading: Altcoin Indexes Take Beating As Investors Flip Alts For Bitcoin Chainlink Price Analysis: One-Day Chart LINK was trading at $5.99 at the time of writing. Ever since Chainlink fell from the $6.30 price level, the altcoin has broken below multiple support lines. Presently, the altcoin has secured the $5.70 support line as its local price floor. If demand for the altcoin registers a considerable increase, then the first barrier for LINK stood at $6.30, which marks a 40% rally in the price of the asset alone. Moving above the $6.30 mark can push LINK into the $7 zone. On the other hand, losing the $5.70 support line will drag Chainlink to $5.40. The amount of LINK traded in the last session declined, indicating sellers were dominant in the market. Technical Analysis The altcoin has registered a significant fall in demand ever since the beginning of this month. The Relative Strength Index (RSI) also noted a multi-month low at the time of writing. The RSI was below the 40-mark and it registered a downtick; this could mean a further fall in price before LINK makes a comeback. Related Reading: Breaking: One Of The Largest P2P Crypto Exchanges Removes Ethereum Due To ‘Integrity’ The Chainlink price also travelled below the 20-Simple Moving Average (SMA), representing that the sellers were driving the price momentum in the market. SMA, however, registered a golden cross, which is when the 20-SMA crossed over the 50-SMA line; this marks a bullish signal for the coin. LINK also captured a sell signal on the daily chart. This was an indication to owners to sell the asset and buy later, as the altcoin’s price could fall further. The Moving Average Convergence Divergence (MACD) displayed red signal bars that are tied to the sell signal for the asset. The Bollinger Bands portray price volatility and fluctuation. The bands drew closer together, indicating that the price might fall further. Over the last 24 hours, LINK has dipped by 2%. In the past week, the coin has lost close to 14% of its market value. Featured Image From UnSplash, Charts From TradingView.com
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Russia’s crypto OTC platform Bankoff has reportedly not only helped officials avoid sanctions but has also generated some gains.