Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report […]
Tried to access my Gemini account and got smacked in the face with this "Temporarily Grounded" meme. Links to Outages Some systems are currently experiencing outages SERVICE DISRUPTION – ALL SERVICESSUBSCRIBE Investigating – The Gemini platform is currently unavailable and will be under maintenance. Our team is working diligently to restore service.…
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Bitcoin extended losses and even spiked below $30,000 against the US Dollar. BTC is now consolidating and might correct higher towards the $32,000 resistance. Bitcoin started a strong decline below the $33,500 and $32,000 levels. The price is now trading below $32,000 and the 100 hourly simple moving average. There are two important bearish trend lines forming with resistance near $32,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct higher, but the bears might remain active near $32,000. Bitcoin Price Declines 10% Bitcoin price remained in a major downtrend and extended downsides below the $35,000 level. BTC traded below the key $33,500 and $32,000 support levels to move further into a bearish zone. There was a close below $32,000 and the 100 hourly simple moving average. The price even traded below the $30,800 level and spiked below $30,000. A new multi-week low is forming near $29,755 and the price is now consolidating losses. On the upside, bitcoin price is facing resistance near the $31,250 level. It is near the 23.6% Fib retracement level of the recent decline from the $36,060 swing high to $29,755 low. The next key resistance could be near the $32,000 level. There are two important bearish trend lines forming with resistance near $32,000 on the hourly chart of the BTC/USD pair. The key breakout zone could be near the $33,000 zone. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $36,060 swing high to $29,755 low is also near the $33,000 zone. To start a decent recovery wave, the price must settle above the $33,000 level. In the stated case, the price might rise towards the $35,000 level. More Losses in BTC? If bitcoin fails to clear the $32,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $30,200 level. The next major support is seen near the $30,000 level. A downside break and close below the $30,000 support might spark more downsides. The next major support could be $29,500. Any more losses might send the price towards the $28,800 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 40 level. Major Support Levels – $30,200, followed by $30,000. Major Resistance Levels – $31,200, $32,000 and $33,000.
“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments,” said AMC Theatres CEO Adam Aron.
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First Nicehash had 100% unlock for LHR and now NBminer has it. Meaning more and more miners will most likely be having full LHR unlock for ETH. How many people are going to switch from rvn to eth now. Since your LHR can now get full hash rates on eth. If your staying on RVN,…
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Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales. In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this was quite the opposite a few days ago. Shiba Inu has suffered a major dip at only 216,260 transactions even though it has been listed by (HOOD) or Robinhood Markets Inc. The total burn rate so far is at 31.71% or coming from the initial burned supply of 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708. Suggested Reading | Bitcoin Carnage Continues As BTC Disintegrates To $34K SHIB At No. 11 To everyone’s amazement, SHIB has also made it to CoinMarketCap’s coveted list at the 11th position. Basically SHIB is next to SOL which is currently in the 10th level and ahead of the APE on the 12th position. Over the last 24 hours, Shiba Inu had a major price drop of 5.17% and a drop of 24.07% in the course of 30 days. The current price of SHIB is now at $0.00001891 or roughly around 0.000000000545 BTC. More so, SHIB has a trading volume of $533,696,977 in a span of 24 hours. SHIB also has a current market cap of $10,385,504,641. SHIB total market cap at $8.22 billion on the daily chart | Source: TradingView.com Crypto Market Stronger Than Stock Market The stock market is going strong but when you compare it to the crypto market, the gains of stocks would be minimal compared to the crypto space. Crypto has been going strong ever since the pandemic; going to as high as $1.6 trillion or a jump of 1,100%. It’s not just the kings of crypto Bitcoin and Ethereum that are driving the crypto market value up but also Shiba Inu (SHIB) which have been attracting new investors into the crypto space. The meme coin SHIB were on fire especially in 2021. Suggested Reading | APE Takes A Beating As It Sheds 50% Of Its Price 2021: SHIB’s Strongest Year SHIB has an intra-year gain at a roaring 121,000%. The token can only be purchased for $0.000000000073 on January 1, 2021, and after 10 months, it climbed to a whopping $0.00008841. So, basically, if you invested $1 on January 1, 2021, you would have been a millionaire by October 27. Shiba Inu is definitely an investable asset as we are witnessing it today. A yearly of 46,000,000% is just amazing, to begin with, and can lure in new investors. Shiba Inu did not make it alone. Yes, the token had some help, especially from the market dynamics of crypto like derivatives and options or short-selling. More so, the token is popular on social media because Tesla CEO Elon Musk openly supports the token – and it has been a win-win setup for both. Featured image from Pixabay, chart from TradingView.com
Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future.
Terra USD (UST) and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem.
