Category: Cryptocurrency News

BTC, ETH and altcoins spent most of May trading in the red. So what’s behind XCN’s near-month-long 100%+ rally?

The working paper traces the effects of operations with CBDC through several scenarios and concludes the Fed will have it under control.

The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries […]

The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins.  Today’s summary: Bitcoin reclaims $30,000 over memorial day weekend How Ethereum could lose its head against BTC What’s going on with Cardano? Bitcoin Makes Memorial Day Weekend Memorable Over the US Memorial Day holiday, bulls took advantage of thin order books and low volume, pushing the price per BTC to more than $31,500 at close. Of note, the daily candle closed above the upper Bollinger Band. Bulls must stampede with high volume within the next 24 hours or are at risk of a pullback to at minimum the middle-SMA at around $29,766. Will bulls follow through? | Source: BTCUSD on TradingView.com A strong close above $32,000 could lead to continuation to targets between $34,000 and $38,000. Tonight is also the monthly close for BTCUSD. A close above $29,000 should keep the top cryptocurrency well above support, while closing above $33,000 would be a healthier sign of further recovery ahead. Related Reading | LUNA Aftermath: Total Crypto Market More Oversold Than Black Thursday Ethereum Losing Its Head (And Shoulders) Against BTC The LUNA debacle has significantly hurt altcoin sentiment. The associated selloff and panic took many top altcoins down by 80-90% across the board. Ethereum held up well by comparison to other altcoins, dropping only 64%. Bitcoin fell 62% in total. Ethereum could head down further against BTC | Source: ETHBTC on TradingView.com The long-running outperformance on the ETHBTC trading pair could soon swing further in favor of the top cryptocurrency as BTC dominance strengthens. The ETHBTC trading pair also appears to exhibit a head and shoulders pattern at risk of confirmation and further breakdown. The target would be close to the 0.04 level. Cardano Surges 40% In 48 Hours, But Why? Knife-catching is never a recommended strategy, yet traders everywhere are regularly tempted by this high-risk technique. The reason is because there can be significant reward for getting it right. Cardano has been substantially oversold, falling a full 87% from over $3 to the 30-cent range. Was the R:R too good to pass up? | Source: ADAUSD on TradingView.com Because the altcoin was hit particularly hard, it now represents a strong risk versus reward setup. Bulls who missed their chance on the way up the last time around, could see another 8x if the altcoin revisits prices set late last year. Related Reading | Hammer Time: The Bullish Signal That Could Save Bitcoin Although the reward is high, so is the risk. During the 2018 bear market, after plummeting 90%, ADA then crashed another 78%. On Black Thursday, ADA reached one-cent. 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

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BCAT Africa 2022 aims to increase crypto awareness on the continent at a time when more Africans are turning to digital assets.

We know that most blockchains consist of nodes and miners. My question is; what kind of blockchain applications use nodes? Would they benefit from having more nodes? How? submitted by /u/treehauz [link] [comments]

“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC.

I should not focus on the patterns, i cannot predict the future, only speculate. Focus on changing trend and it`s pace, entry is easy, I should master the getaway. A win is a win, if I got 1% yield for a day then that`s good. I should focus on protecting my asset and let the…
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