Category: Cryptocurrency News

The Federal Reserve’s rate hike spree will likely spoil XRP’s most bullish fundamentals in years.

If you are an aspiring crypto investor, Bitramo is now offering a series of exciting investment opportunities tailor-made for you. This crypto start-up stormed into the market earlier this year with three mining rigs that have already claimed their stake as the most profitable mining hardware ever created. Making things even better, you don’t need to be a technology geek to make a profit using Bitramo miners. Bitramo’s product range currently comprises of Ramo1, Ramo 2, and Ramo X, three cutting-edge 3nm ASIC miners. Many industry experts feel that these three rigs are the most powerful and cost-efficient mining rigs ever to hit the market. The extraordinary capabilities of these miners are because of their unrivaled hash rates and reasonably lower power consumption, two factors that are directly responsible for a miner’s profit-making potential. Bitramo Hash Rates Bitcoin       Litecoin     Ethereum      Monero Ramo 1:             360 TH/s      30 GH/s      2 GH/s         2MH/s Ramo 2:             750 TH/s      70 GH/s      5 GH/s         5 MH/s Ramo X:            2250 TH/s    210 GH/s    15 GH/s       15 MH/s Individuals that are well acquainted with the field of crypto would surely understand the value of these hash rates. As a result of these hash rates, compared to other products, Bitramo miners can process much more data in a given time. Some of the delighted users of these miners claim that they have recovered 100% return on their investment within just one month. Some of the profitability figures revealed by these users are simply mind-boggling. Monthly Profits               Bitcoin       Litecoin     Ethereum     Monero Ramo 1:              $1900           $1400         $2200          $2500 Ramo 2:              $4000           $3500         $5700          $6600 Ramo X:             $12,300        $10,500      $17,000       $20,000 If you think that now you know all the great things about Bitramo miners, you are wrong because there is much more in store. Firstly, unlike any other company in the crypto market, Bitramo takes the needs of all types of users into account while creating its products. The company’s mission is to create a space for everyone to benefit from investing in crypto. All their mining rigs are plug-and-play devices that can be used without any specialized knowledge of crypto. These miners have simple system requirements and can be operated with a nominal internet speed of just 10kb/second. Oftentimes, finding a trustworthy mining pool can be a problem for newbies. Bitramo solves this problem by offering its own mining pool that is available to its customers for free. To make crypto investment more profitable for its customers, Bitramo covers the delivery and custom fees for all its customers. The company also offers complete insurance coverage during transit and a warranty for all types of software or hardware issues.          

“Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all,” a core team member wrote.

Now that Ethereum is running with PoS, are block reorgs still possible? Can I assume that as soon as I see a new block this is final? If not, how I should think about it? submitted by /u/hshlgpw [link] [comments]

Make up your fuckin mind please. It is a Security. Naw, it isn’t. Well, maybe it is. No, it is, for sure. But maybe not. submitted by /u/JasChew6113 [link] [comments]

In this episode of NewsBTC’s daily technical analysis videos, we examine a recent showing from bulls after a bloody Monday morning open in Bitcoin price action. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 19, 2022 Last night, we had the weekly close in Bitcoin price, and overnight, there was a deep plunge to the low $18K region. However, since the 9AM Monday morning open, prices have climbed by more than 5% already leaving a long wick behind. Related Reading: WATCH: Bitcoin Barely Holds Onto $20,000 Support | BTCUSD September 16, 2022 Bull Stop Bears Short With Hammer Time Bitcoin price is forming a hammer. A hammer is a type of bullish reversal signal in Japanese candlesticks that represents a large, sudden presence from bulls once a key price objective was reached. On daily timeframes, there isn’t all that much significant going on otherwise to confirm the signal. Price has once again touched the lower Bollinger Bands where the reaction occurred. The RSI suggests that the strength behind the move was very weak despite the depth. Stochastic has also fallen to the oversold line. Holding above it leads to short-term rallies, but as you can see in the past price can fall right back down. Despite the plunge, there wasn’t much strength from bears | Source: BTCUSD on TradingView.com Weakening Weekly Momentum Could Be Ready To Turn Since today is the first day of the week, the weekly candle in Bitcoin currently is a hammer also. With several days remaining before the close, it is unlikely it will stay that way. The head of the hammer, or real candle body, is hanging on just above former all-time high resistance. Zoomed in closely, you can see why this move was especially demoralizing for bulls. Any traders who entered on leverage will have been stopped out after months of position building, leaving only those who entered on the wick to $17,500 remaining in a long position. Given the macro situation and the extreme bearish sentiment, new lows appear to be a given. However, bearish momentum has been weakening on weekly timeframes, which is a bullish signal to go with a hammer candle. If bulls can close the weekly histogram in the green and complete a bullish crossover on the LMACD, a sustained rally could materialize. Comparing it with the 2018 bear market bottom, once crossed, Bitcoin never returned to those prices. Bears expose weakness on weekly timeframes | Source: BTCUSD on TradingView.com Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022 Why Bitcoin Bulls Have 11 Days To Save September There are only 11 days left in the monthly candle, and this is all the time bulls have left to prevent a much deeper selloff in BTC.  Although the current candle looks ugly, compare it to past levels where a meaningful reversal began. A doji pattern to close September could be the beginning of a cluster of support forming that tells the market new lows won’t be happening. The onus is on bulls to make a strong showing within the next 11 days to put bearish momentum on monthly timeframes to a stop. In the past, the histogram turning pink was the turning point that let the market know bulls were taking back control over crypto.  How will September end? Can bulls finally stop bearish momentum? | Source: BTCUSD 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

With the latest price drop in the first half of this month, Ethereum has reached a new low. Ethereum, as of late, has been estimated to be worth around $1,420. Ethereum’s future, though, appears to be gloomier at the moment. The current price of one ether is below the 61.80 Fibonacci level, which is somewhere around $1,340 at the time of this writing. Any progress made since early September has been lost in the recent market downturn. The coin still has some chance of being salvaged, though. There has been a lot of volatility in the financial markets since the market crash on September 13 in response to the CPI report and interest rate hike. In response to the recent negative developments in the U.S. economy, stock prices and cryptocurrency prices fell precipitously. However, Ethereum has a chance of gaining 10% before it resumes its backward motion. Related Reading: Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone? On Jittery Traders & Federal Reserve Rate Hikes Fear has spread among traders and investors due to the combination of historically high inflation and the Federal Reserve’s quantitative tightening initiatives, which center on a potential 1% interest rate hike. The market’s reaction to this newfound anxiety was a precipitous drop almost instantly. The price decreased by 26.02 percent from the 10th to the 18th of September, effectively erasing the purported recovery seen in late August. There are two possible ways for the price of Ethereum to recover: 1- investors will “buy the dip” in response to a price decline, or 2- investors will “HODL” until the price recovers to normal. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data Scenario one is more probable, as buying the dip will result in a profitable investment for traders. With the Stoch RSI indicators providing strong oversold signals, it is possible for the market to see increased purchasing activity as anxieties recede. Recent market movements are also consistent with the XABCD harmonic pattern. This can be a buy signal for traders, resulting in a 10 percent price increase relative to the present price movement. Second Scenario Might Lead To Another Pain For Ethereum If Ethereum is ever to rebound, bulls must generate and maintain sufficient momentum to overcome the current market’s worries. The momentum must also surpass the 1,467 price range, as failure to do so will impede future uptrends. The support for this hypothetical bull rebound is $1,243. Any downturn from that point can provide the bears with sufficient momentum to break the 78.60 Fib level. This could be the case if market confidence is not restored. Buyers and holders of Ethereum should also monitor other currencies. With a correlation value of 0.72, any additional decline in Bitcoin’s price will prompt a sell-off in Ethereum and other altcoins. ETH total market cap at $163 billion on the daily chart | Source: TradingView.com Featured image from Crypto Basic, chart from TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270.

According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270.

Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.08% Ethereum Classic (ETC) Ethereum classic (ETC) […]