Optimism-based projects spike on rumors of token airdrop
“We’re nearing the end of a chapter and the beginning of the next — one driven by community ownership and governance,” noted Optimism.
“We’re nearing the end of a chapter and the beginning of the next — one driven by community ownership and governance,” noted Optimism.
I’ve always wondered this since I don’t understand it much nor have I been in the position lol Say someone makes $500,000 off a token, decides to cash out, sends it to coinbase or etc wherever, then sells it on there, do you just then deposit it from there into your bank? I mean I…
Read more
Volatility remains one of the characteristics of Bitcoin that could easily change the holding stance of investors. To some, a downward movement will mark their period of massive accumulation and expansion of their holdings. On the other hand, some will suffer considerable losses through a dip. Bitcoin has been on a dipping move as it gets to its monthly low of $39,000 within some days of hitting the $40,000 mark. Though many people had expected that the BTC price would show some bearish trend for a few days, the events have proved the contrary. Bitcoin has gradually taken a downward tour by going into a 37K – 40K region. This recent dip has given some whales the opportunity of making massive purchases of the token. Related Reading | The Young Turks Embarrass Themselves Trying To Discuss Crypto Regulation A CryptoQuant technical analyst, Minkyu Woo, stated that a significant coin volume was moved out through spot exchanges during the Bitcoin sell-off. He mentioned the possibility of whales buying a considerable amount of BTC since the outflow size could only proceed through the check for spot exchanges’ top 10 BTC outflows. Analyst Explains The Entire Bitcoin Price Movement According to Woo, the 37K – 40K mark stands as the BTC price range in the crypto’s critical accumulating phase. This move has long begun in March 2022. Also, Woo advised investors to keep their holdings or purchase more of the dips if possible. In the past, where there have been cases of spiked outflow volume, a notable amount of BTC has gone out via exchanges. However, a sudden reversal in the market’s sell-off came as the crypto price climbed up. Recent events have followed a similar pattern as Bitcoin regained all its losses by moving to the $41K region. Moreover, Woo explained that Bitcoin has gotten below the 200 MA support from the 2020 fourth quarter. This means that BTC would have more accumulation of smart money. In his chart, Woo indicated the dipping pattern for BTC into the bottom zone and its subsequent spike and buying interest. Related Reading | Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest Just like Bitcoin has displayed its bearish trend, the action reflects the general status of the broader crypto market. Besides Bitcoin, Ethereum has indicated significant drops by moving below its $3K level. Also, other prominent altcoins are not left out in the southward movement of price. Fortunately, the entire crypto marketplace seems to be getting higher in an upward recovery movement starting from today. Ethereum has moved back to its $3,000 region, and BNB is up within the $400 level. Other altcoins are following closing through the recovery trend. Featured image from Pexels, charts from TradingView.com
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR.
submitted by /u/Tejas_LiMan [link] [comments]
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office of Investigations. “What we want to do is to track that as […]
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases.
Bitcoin extended its recovery above the $41,400 against the US Dollar. BTC could rally further if there is a clear close above the $41,500 and $41,800. Bitcoin started a decent recovery wave above the $41,000 and $41,400 levels. The price is now trading above $41,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $41,500 resistance and $41,800 to start a major upward move. Bitcoin Price Shows Positive Signs Bitcoin price formed a base above the $40,000 level. BTC started a decent recovery wave and was able to clear the $41,000 resistance zone. The price remained in a positive zone and climbed further above the $41,400 level. It even spiked above the $41,500 resistance and settled above the 100 hourly simple moving average. A high was formed near the $41,825 level and the price is now consolidating gains. Bitcoin is trading well above the 23.6% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. There is also a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $41,500 level. The next key resistance could be $41,800. To start a strong upward move, the price must settle above the $41,500 zone and then clear $41,800. If the bulls succeed, the price could rise towards the $42,500 resistance zone. Any more gains might call for a move towards the $43,200 level. Dips Limited in BTC? If bitcoin fails to clear the $41,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $41,050 level. The next major support is seen near the $40,400 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. A downside break below the $40,400 support zone and $40,000 could increase selling pressure. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $41,050, followed by $40,200. Major Resistance Levels – $41,510, $41,800 and $42,500.
The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility.
