Category: Cryptocurrency News

Reddit’s NFT collections have taken some of the top 10 spots on OpenSea and seen millions in sales volume over the past week.

Bitcoin price started a strong rally above $19,650 against the US Dollar. BTC is trading above $20,000 and could gain momentum above the $20,500 resistance. Bitcoin started a strong increase above the $19,500 and $19,650 resistance levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $20,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $20,500 resistance. Bitcoin Price Starts Fresh Surge Bitcoin price remained well bid above the $19,000 and $19,200 support levels. BTC formed a base and started a fresh increase above the $19,650 resistance levels. It gained over 5% and there was a clear move above the $20,000 resistance. During the increase, there was a move above a connecting bearish trend line forming with resistance near $19,300 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $20,000 and the 100 hourly simple moving average. A high was formed near $20,400 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent increase from the $19,266 swing low to $20,400 high. On the upside, an immediate resistance is near the $20,300 level. There is also a key contracting triangle forming with resistance near $20,300 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first major resistance sits near the $20,400 level. The next major resistance might be $20,500. A clear move above the $20,500 resistance might send the price towards the $21,200 resistance. Any more gains might set the pace for a steady increase towards the $22,000 resistance zone. Downside Correction in BTC? If bitcoin fails to rise above the $20,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $20,200 zone. The next major support is near the $19,800 zone. It is near the 50% Fib retracement level of the recent increase from the $19,266 swing low to $20,400 high. A downside break and close below $19,800 might open the doors for a fresh test of the $19,500 support. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the overbought zone. Major Support Levels – $20,200, followed by $19,800. Major Resistance Levels – $20,300, $20,400 and $20,500.

With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens.

The crypto yield platform said one of its trading strategies “appears to have failed” forcing the firm halt services earlier this week.

Cardano price has brought the bulls back to its chart. In the last 24 hours, ADA has appreciated over 7%. This price movement could be termed a rally. ADA had made no progress in the last week. However, it has soared up considerably over the past 24 hours. Technical indicators have sided with the bulls as demand for the altcoin rose. If the current price momentum continues over the next trading sessions, ADA could expect the bulls to regain better control over the market. The demand for the altcoin showed considerable appreciation, which has led to an increase in the number of buyers on the one-day chart. Cardano price has to keep moving upwards to avoid the chance of price volatility. It is, however, implied that the chance of a price pullback always remains after a rally. At the present moment, the Cardano price is trading 87% lower than its all-time high, secured in September, 2021. A move above its immediate resistance mark will provide a clear path for the altcoin. Cardano Price Analysis: One Day Chart ADA was trading at $0.39 at the time of writing. The coin picked up bullish momentum the moment it crossed the $0.36 price mark. The overhead resistance mark stood at $0.41 and a push above that level will help Cardano price to sustain the bullish price action. Moving above the $0.41 resistance mark can push Cardano to $0.44. On the flipside, a pullback can drag Cardano price to $0.36 on the one day chart. Further fall from that level will cause ADA to trade near the $0.33 level. The amount of Cardano traded in the last trading session increased signifying that buying strength had increased. Technical Analysis The altcoin rallied and so the demand for the coin also witnessed an increase. After being under the control of sellers over the past trading sessions, Cardano price made a considerable recovery. The Relative Strength Index swung past the zero-line, which meant that buyers were more than sellers at the time of writing. Cardano price was above the 20-SMA line, and that meant more demand for the coin, along with buyers driving the price momentum in the market. Related Reading: Are Bitcoin Bulls Ready To Stampede? | BTCUSD Analysis October 25, 2022 Other major technical indicators also signalled the buyers’ taking over on the one-day chart. The Moving Average Convergence Divergence indicates overall price direction and the strength of the price momentum. The MACD underwent a bullish crossover and formed green signal bars, which was buy signal for the coin. The Awesome Oscillator also depicts the price movement of the altcoin. AO painted green histograms which aligned with the bulls at the time of writing. Related Reading: Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out Top? Featured Image From Business Today, Charts From TradingView

On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass 5.5 EH/s by the year’s end by increasing the miner’s hashrate goal by 10%. […]

Okay so with the popularity of the reddit NFTs the grifters from Twitter are making there way here! Please beware of the Twitter influencers coming onto reddit to pump their own bags. Don't be exit liquidity for these lowlife grifters and get caught up in the "community" and fake positivity Be careful who you follow…
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Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement.