Category: Cryptocurrency News

The Initial Public Offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.

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We all know nobody knows shit about fuck, but there are levels to this. I just came across this Business Insider article: Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-winter-crash-slump-interest-rates-regulation-ubs-2022-1?op=1 Waaaittt a minute. A few months ago, Business Insider had dozens of articles written by journalists and analysts…
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Ethereum extended decline below the $3,300 support zone against the US Dollar. ETH price could recover from $3,120, but it might face hurdles near $3,250. Ethereum extended decline below the $3,300 and $3,250 support levels. The price is trading below $3,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,200 and $3,250 resistance levels. Ethereum Price Struggles Ethereum extended decline below the $3,250 support zone. ETH even broke the $3,200 support level and settled below the 100 hourly simple moving average. It traded as low as $3,129 and is currently correcting higher. There was a minor move above the $3,150 level. The price is now facing resistance near the $3,180 level. There is also a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low. If there is an upside break above the trend line, the price could rise towards the $3,250 resistance zone. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low is also near the $3,250 level to act as a hurdle. A clear move above the $3,250 level might pump the price in the near term. The next major resistance is near the $3,400 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,550 in the near term. More Losses in ETH? If ethereum fails to start a fresh increase above the $3,200 level, it could continue to move down. An initial support on the downside is near the $3,140 level. The first key support is now forming near the $3,120 level. A downside break below the $3,120 level might push the price further lower. The next major support for the bulls may perhaps be near the $3,000 handle. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still well below the 50 level. Major Support Level – $3,120 Major Resistance Level – $3,250

A historically significant 30% of the Bitcoin supply is now held at a loss — and that has ended in a bullish rebound twice since March 2020.

The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space for other tokens and currencies, such as ethereum […]

I've seen it many times: Bitcoin is at 60K, people say: I wish I could buy at 40K! Then it goes to 40K and they say: Oh it's going to 30K. When it goes to 30K, I'll go all in! Then it reaches 30K and they hope for 10K. The opposite also happens, with people…
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