Category: Cryptocurrency News

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The scheme, which has been in operation since May 2021, targeted Chinese users through social media groups and fake websites.

New Jersey’s move is just the latest in a series of orders and complaints against crypto-based interest-bearing account issuers in the United States.

Portfolio Goals Your goal is to ↓ Lower Risks ↑ Increase Rewards (While sticking to YOUR risk tolerance, goals, and your timeline) There's no perfect portfolio. I'm going to include some theory + examples, and you have to think about what works for YOU. The Role of Each Class Stablecoins: Preserves capital & serves as…
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Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries […]

Bitcoin struggled to gain pace above the $48,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $46,000. Bitcoin gained pace above $47,500 and traded as high as $48,200. The price is trading above $46,500 and the 100 hourly simple moving average. There is a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $46,000 support zone. Bitcoin Price Remains Supported Bitcoin price extended increase above the $47,500 resistance zone. BTC even broke the $48,000 resistance zone and traded as high as $48,200. Recently, there was a downside correction from the $48,200 high. The price declined below the 23.6% Fib retracement level of the upward move from the $44,468 swing low $48,200 high. However, it is still trading above the 100 hourly simple moving average. There is also a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $47,600 level. Source: BTCUSD on TradingView.com The next major resistance could be near the $47,800 zone and the triangle trend line. A successful break and close above the triangle resistance might push the price towards $48,200. The next major hurdle on the upside might be near the $49,000 level. Any more gains could send the price towards the key the $50,000 level. Dips Supported in BTC? If bitcoin fails to clear the $47,800 resistance zone, it could correct further lower. An immediate support on the downside is near the $47,000 zone. The next major support is seen near the $46,800 level. The key support is now forming near the $46,400 level and the triangle trend line. It is near the 50% Fib retracement level of the upward move from the $44,468 swing low $48,200 high. A downside break below the $46,300 support zone could send the price to $46,000 and the 100 hourly SMA. Any more losses might put a lot of pressure on the bulls in the near term. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $46,800, followed by $46,300. Major Resistance Levels – $47,800, $48,000 and $48,200.

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The firm highlighted growth in hash rate, mining equipment sales, hosting revenue, digital asset mining income as key reasons for the improved performance.

I wrote a negative post about Ape when the whole thing first happened. Made it to the front page (it’s pinned on my profile if you want to read it). And while I don’t necessarily believe in that project, I don’t think it really serves a purpose to voice a negative sentiment about something I’m…
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