Category: Cryptocurrency News

In this episode of NewsBTC’s daily technical analysis videos, we examine the total cryptocurrency market cap (TOTAL) following Ethereum Merge-related disappointments and sideways Bitcoin price action, and attempt to understand how long crypto winter might last. Take a look at the video below: VIDEO: Total Crypto Market Cap Analysis (TOTAL): September 20, 2022 Bitcoin price action continues to go mostly nowhere and Ethereum has pulled back due to Merge-related sell the news profit-taking, so in the video below we take look at these factors combined via the Total Crypto Market Cap chart.   Related Reading: WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September 19, 2022 When Will The Cryptocurrency Market Bottom And What Next? Sentiment, price action, and technical indicators all are behaving similarly to the 2018 bear market bottom. If no new lows are made, taking a bars pattern fractal from the bear market bottom and fitting it over the current price action could give some clues into what to expect. Fitting the fractal perfectly involves increasing its size slightly, which results in a higher high if the similarities were to continue. The higher high would also occur at around the same trend line where the last double top formed. Connecting resistance levels and support levels could create the structure of a rising wedge or in Elliott Wave terms, an ending diagonal. Ending diagonals form when an asset’s price has climbed far too much too fast. Here is access to a FREE 1-hour course on how to spot an Elliott wave pattern on a price chart and develop a solid trading plan around it. Get The Elliott Wave Principle Applied right (normally a $99 value) right here: https://t.co/7a7sDe3SM3 pic.twitter.com/NKzIcwiuWy — Tony “The Bull” Spilotro (@tonyspilotroBTC) September 19, 2022 The fractal would provide the final wave 5 before a larger bear market in crypto. In Elliott Wave Theory, wave 5 can often match the magnitude of wave 1, which makes price and technicals behaving similarly as wave 1 that much more notable here. Although wave 3 is typically the longest in Elliott Wave Theory, there is evidence that in commodities, wave 5 is the strongest due to supply and demand. In the past, cryptocurrencies have shown impressive performance during a wave 5. Could a wave 5 in crypto still be left in the bull market? | Source: TOTAL on TradingView.com Total Market Cap More Bullish Than Bitcoin On weekly timeframes, the Total Crypto Market Cap is much more bullish than Bitcoin, having crossed bullish on the LMACD long ago, while Bitcoin waits for the signal to confirm with a weekly close. The Relative Strength Index also reached oversold conditions, which in the past has been enough to put in a bottom in crypto. Unlike BTC, the Total Crypto Market cap is clinging onto the 200-week Moving average, which in the past has also signaled the end of crypto winter. Several signals from the last crypto winter have appeared | Source: TOTAL on TradingView.com Related Reading: WATCH: Bitcoin Barely Holds Onto $20,000 Support | BTCUSD September 16, 2022 Why Crypto Winter Could Last Another Several Months Flipping to monthly timeframes, also shows that the 50-month moving average is also doing its best to keep crypto afloat. Although daily and weekly timeframes show several key similarities with the 2018 bear market bottom, the monthly timeframe’s current candlestick structure better resembles the 2014 bear market bottom, which when compared, could suggest that the crypto winter has several more months to go before prices begin to thaw out. How much longer will crypto winter last? | Source: TOTAL on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

The recent Ethereum upgrade highlights staking opportunities for institutional holders. In the short term, however, liquidity is still an issue, .

The hackers behind the attack may have been responsible for breaching India-based crypto exchange CoinDCX’s Twitter account given the similar fake XRP giveaways.

With less than a day to go until the FOMC announcement, many are watching for the signs, rising inflation is still a problem in America, so the FOMC meeting will reveal whether they will go even harder. Expectations are currently 84-16 for 75bps, so the 0.75% is the better chance. Interest rates have a very…
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APE looks bullish ahead of staking as this could be one of the most anticipated stakings in crypto. Price reclaims 50 exponential moving average (EMA) on the daily timeframe  ApeCoin price breaks out of an asymmetric triangle setting up a bullish scenario ApeCoin (APE) has seen more turbulent times than a rosy start as its price tumbled from $27 to $4 but could be set for a major run ahead of its impending staking scheduled to start in the fourth quarter of this year. The price of ApeCoin (APE) has shown great strength against tether (USDT) ahead of the staking despite the crypto market faced with price uncertainty. (Data from Binance platform) Related Reading: 3 Experts Take On The Bitcoin Price, Will $19,000 Hold Or Break? ApeCoin (APE) Price Analysis On The Weekly Chart  Although so much speculation about the price of APE performing so well, like its Bored Ape Yacht Club, Mutant Ape Yacht club, and of course, the sale that generated so much talk in the crypto industry, “the Otherside” land sale. The performance of APE was short-lived as the market continued to see a decline in the price of crypto assets. The price of APE on the weekly chart got rejected as the price tried breaking above $7.5, with the price falling to a weekly low of $4. The price of APE bounced from that level with what seems to be an area of high demand for the price of APE.  APE price rallied from this region to $5.7, where it has been faced with resistance to breaking above this region to trend higher. The price of APE needs to break and hold above $6 to resume its bullish sentiment. A break above $7.5 with what looks like a strong resistance would signal strong bullish movement as the price has been rejected severally from that region. APE looks bullish ahead of the staking, with the staking acting as the catalyst for APE price movement. Weekly resistance for the price of APE – $7.5. Weekly support for the price of APE – $4. Price Analysis Of APE On The Four-Hourly (4H) Chart The 4H timeframe for APE prices continues to look strong as the price broke out of its asymmetric triangle and closed above it setting up for more bullish movement. On the 4H timeframe, the price of APE is currently trading at $5.66 above the 50 and 200 Exponential Moving Average (EMA), acting as support for the APE price. The price of $5.2 corresponds to the support at 50 EMA for the price of APE. The price of APE needs to hold the asymmetric triangle to maintain its bullish structure ahead of the staking.  Four-hourly resistance for the APE price – $6.5. Four-hourly support for the APE price – $5.2-$4.5. Related Reading: Crypto Downtrend Led Investors To Liquidate Over $432 Million Featured Image From Boardroom, Charts From Tradingview

The vulnerability in private keys generated by the popular Profanity vanity key generator was noted in January and has already been implicated in at least one major hack.

submitted by /u/sith_happenss [link] [comments]

According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant. Most of today’s digital communications, including cryptocurrencies, leverage public key encryption and CISA believes when “quantum computers […]

Hi, I use Polygon, and I bridged some MATIC to my ETH Wallet.Now I can't swap it because ETH Wallet has 0.0 ETH. Is there a way to overcome this without having to buy ETH separately? (Please no DMs) submitted by /u/consumer4king [link] [comments]

It sounds obvious that we gonna go back to 200-300$ level…. What do you think guys ? Bear market didn't start yet 🐻 submitted by /u/Sith7777 [link] [comments]