Category: Cryptocurrency News

Avalanche had performed well over the past week, however, the coin depreciated significantly over the last 24 hours. It shed close to 12% over the past day. AVAX experienced tough resistance at the $21 mark, and it was unable to break over it causing price of the asset to slump further. Bitcoin and other major market movers has been struggling to trade above their immediate resistance mark too. BTC has been stuck at the $20,000 mark over the last few days. Broader market weakness has caused most altcoins to drop on their charts. Currently, most prominent altcoins including AVAX has been witnessing a wave of selling pressure. With mounting selling pressure, AVAX might move closer to the immediate support level of $14 over the next trading sessions. Since, the coin bounced from the $20 price level, AVAX has ever since continued to move south on its 24 hour chart. The global cryptocurrency market cap today is $892 Billion with a fall of 5.1% over the last 24 hours. Avalanche Price Analysis: One Day Chart AVAX was exchanging hands at $16 on the 24 hour chart. After being rejected at the $20 level, the coin continued to move on the bearish trend. The next support line for the coin was at $14.  If the coin is unable to sustain above the $14 mark, it could trade near the $13 mark. Overhead resistance was at $21, despite AVAX trying to break past it, the coin has failed multiple times causing the bears to gain strength. The volume of AVAX traded declined on the chart and the volume bar was in red which signified selling pressure and bearishness. Technical Analysis AVAX has barely registered buying strength over the past month. Over the last few days even though the coin registered some buying strength recovery, the current price drop invalidated the same. The Relative Strength Index was below the half-line for whole of this month, with occasional dip into the oversold region. At press time RSI again noted a downtick suggesting continuation of a downtrend. Conversely, Moving Average Convergence Divergence flashed green signal bars. The indicator depicts the current price direction and possibility of price reversals too. The green signal bars on the MACD are considered to be a buy signal and this presents a buying opportunity. If buyers act on it, AVAX might experience some relief. Related Reading | Tracking Whales, What This Bitcoin Divergence Could Hint About BTC’s Price Buying momentum faded from AVAX’s charts, in consonance so did the amount of capital inflows. Chaikin Money Flow depicts capital inflows and outflows, the indicator was below the halfline. This reading meant that capital inflows were lesser than outflows suggesting higher selling pressure. Bollinger Bands constricted sharply, indicating that explosive price movement could possibly be on the charts. Bollinger Bands reads the price volatility in the market. Overall, technical outlook remains heavily bearish for AVAX suggesting further southbound action for the coin. If buyers re-enter the market, the coin can manage to move upwards for the next trading sessions. Related Reading | TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K Featured image from www.avax.network, chart from TradingView.com

Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either.

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The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet […]

Bitcoin declined towards the $18,500 support zone against the US Dollar. BTC recovered sharply, but the bears are still active near the $20,500 and $20,650 levels. Bitcoin climbed higher sharply after there was a test of the $18,500 zone. The price is now trading above the $20,000 level and near the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline unless there is a move above the $20,500 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started another decline below the $20,000 support zone. The price even traded below the $19,200 support zone and spiked below the $18,800 level. There was a test of the $18,600 zone and the price traded as low as $18,617. Recently, there was a sharp upward move and the price climbed above the $19,500 resistance. There was a move above the 50% Fib retracement level of the key drop from the $21,697 swing high to $18,617 low. However, the price is now facing a strong resistance near the $20,500 zone and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $20,400 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the key drop from the $21,697 swing high to $18,617 low. An immediate resistance on the upside is near the $20,500 level. Source: BTCUSD on TradingView.com The next key resistance is near the $20,950 zone. A clear move above the trend line resistance and then $20,950 could push the price further higher. In the stated case, the price could rise towards the $21,650 level. The next major resistance sits near the $22,500 level. Fresh Decline in BTC? If bitcoin fails to clear the $20,500 resistance zone, it could start another decline. An immediate support on the downside is near the $20,000 level. The next major support now sits near the $19,800 level, below which the price could decline heavily. In the stated case, the price may perhaps decline towards the $18,500 level. Technical indicators: Hourly MACD – The MACD is now 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 – $20,000, followed by $19,800. Major Resistance Levels – $20,500, $20,950 and $21,650.

BnkToTheFuture’s three proposals include two different ways to restructure and relaunch the firm, or an option to co-invest in the firm with a bunch of Bitcoin whales.

“Europe’s upcoming crypto-assets policy framework will be to crypto what GDPR was to privacy,” says Circle chief strategy officer Dante Disparte.

Deutsche Bank has predicted that the price of bitcoin will increase nearly 40% from the current level to $28K by the end of the year. The bank’s analysts also warned that “the crypto free fall could continue.” Deutsche Bank’s Bitcoin Price Prediction Deutsche Bank has reportedly predicted that the price of bitcoin will rise to […]

I've never been so happy watching Su Zhu go down. He was a king cobra snake oil salesman and he gets what he deserves shilling his shitcoin presale vc scum bags and hating on Ethereum along the way. Dude was an online egomaniac with a god complex who was also so insecure he took shirtless…
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Always removed on r/ethfinance so I reposted here Unlike Uniswap V2 Automated Market Maker with simple equation x*y=k, Uniswap V3 Constant Function Market Maker has much much much much complex equations. IL is not fixed, it depends on your fee, range, rebalance, I will skip that, if you’re a math savvy person then you should…
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