MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility of selling financial products on this platform next year. MUFG Prepares […]
The BAYC founders want an NFT creator royalties model that ensures transferring NFTs between wallets remains free and encourages creators to remain within the NFT ecosystem.
Ethereum extended losses below the $1,400 support against the US Dollar. ETH is consolidating and might recover if there is a clear move above $1,340 resistance. Ethereum started a major decline below the $1,400 and $1,350 levels. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 10% and is currently consolidating losses near $1,300. Ethereum Price Dives Over 10% Ethereum started a major decline from well above the $1,550 level. ETH broke a major support near the $1,500 level and the 100 hourly simple moving average. The recent decline in FTT and SOL dragged the market lower, including bitcoin. Ether price declined heavily below the $1,400 support level. The bears were even able to push the price below the $1,350 level. The price traded as low as $1,221 and recently corrected a few higher. There was a move above the $1,250 and $1,300 levels. The price is now trading below $1,400 and the 100 hourly simple moving average. It is consolidating near the 23.6% Fib retracement level of the recent decline from the $1,580 swing high to $1,221 low. An immediate resistance on the upside is near the $1,320 level. There is also a key bearish trend line forming with resistance near $1,320 on the hourly chart of ETH/USD. The next major resistance is near the $1,340 level. A clear break above the $1,340 resistance could set the pace for a decent increase. Source: ETHUSD on TradingView.com In the stated case, the price could rise to the $1,400 level. It is near the 50% Fib retracement level of the recent decline from the $1,580 swing high to $1,221 low. Any more gains might send the price toward the $1,500 resistance zone. More Losses in ETH? If ethereum fails to climb above the $1,340 resistance, it could continue to move down. An initial support on the downside is near the $1,275 level. The next major support is near the $1,220 level, below which ether price may perhaps extend losses. In the stated scenario, the price could decline towards the $1,100 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,275 Major Resistance Level – $1,340
I have a miner running on a flash drive and the rig stopped working, luckily it just had a 2080 on there. Just an old card until I fill it out. Anyways I re flashed my usb, changed risers, power cords, and get nothing. My psu is a 1200w running on a 240v pdu with…
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My brother recently seemed a bit off so I pressured him into telling me what was wrong. He lives at home still and is in his late 20’s. He has a decent job but I have no idea how he managed to borrow so much money. He told me he put 120,000 into cryptocurrency and…
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The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date.
Two questions on Defi history. There have been decentralized exchanges before Ethereum. Ripple, Counterparty, Bitshare, etc. But they are not called the first defi project. The title seems to go to MakerDao usually. Is this just an Ethereum-centric view of the history? Or because they failed to lead to a thriving Defi ecosystem? If the…
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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during […]
Bitcoin price declined over 10% and even spiked below $18,000. BTC remains at a risk of more losses, as the FTX faces more heat. Bitcoin started failed to recover ground and declined over 10%. The price is trading below $19,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $18,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards the $17,500 and $16,800 support levels. Bitcoin Price Nosedives Bitcoin price started a major decline after it settled below the $20,000 support zone. FTX’s problems escalated the issues and the crypto market faced a strong selling pressure. BTC declined below the $19,500 and $19,000 levels. The bears were able to push the price below the key $18,500 support. The price even dives below the $18,000 level and settled well below the 100 hourly simple moving average. A low was formed near $17,276 and the price recently corrected higher. There was a move above the $18,000 level. Bitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $20,670 swing high to $17,276 low. The price is now trading below $19,000 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $18,400 level. There is also a connecting bearish trend line forming with resistance near $18,380 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first major resistance is near the $19,000 level. It is near the 50% Fib retracement level of the recent decline from the $20,670 swing high to $17,276 low. A clear move above the trend line resistance and $19,000 might start a fresh increase towards $20,000. The next major resistance is near $20,500, above which the price could test the $21,000 zone. More Losses in BTC? If bitcoin fails to start a recovery wave above the $19,000 resistance zone, it could resume its decline. An immediate support on the downside is near the $18,000 level. The next major support is near the $17,250 zone. A clear move below the $17,250 support might push the price further lower. In this case, the price may perhaps decline towards the $16,800 level. 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 – $18,000, followed by $17,250. Major Resistance Levels – $18,400, $19,000 and $20,000.
