Category: Cryptocurrency News

submitted by /u/Feodal_lord [link] [comments]

I want to scale my application with a layer 2 scaling protocol like Polygon but I also need it to be an in house tool running on our own servers. I have started by forking the Polygon repo and individually configuring the files to fit our network but it seems too inefficient. I'd be greatful…
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Bitcoin over the weekend was seen trading below its critical price support as broader market weakness continues. Traders’ confidence in the asset has remained quite low considering the selling pressure in the market. The prices have currently plummeted owing to the news of the Federal Reserve hiking its interest rates. Bitcoin has also displayed profit booking on charts. This could be the reason why prices are falling further. If the asset fails to remain above the $38,000 price level, a short-term downslide could occur. Bitcoin is currently trading in bearish sentiment, however, charts have something else to say. Many bullish divergences were spotted on charts in different time frames. Bullish divergences amount to bullish sentiments. This means that over the long run Bitcoin can recover and trade above immediate resistances. Bitcoin Price Analysis: One Day Chart Bitcoin was trading at $38,956 at the time of writing. Immediate resistance for the coin stood at $40,000. A fall below the current price level would mean BTC would trade near the $38,000 price level. A fall from $38,000 could result in BTC trading at $31,000. In case there is a price reversal after breaking $40,000 then BTC could aim for $42,000. The volume of Bitcoin trading had dropped in the last trading sessions, however, the bars were seen in the green. This could mean that buying pressure was seen returning to the market. Related Reading | Bitcoin Price Continues Struggle, But Miners Refuse To Sell Technical Analysis: One Day Chart The price of BTC was seen trading below the 20-SMA line which signified an increased selling pressure. The price momentum was driven by sellers in the market. An increased buying pressure can push prices above the 20-SMA and then the 50-SMA line. On the Relative Strength Index, the indicator was seen below the 50-line. A reading below the 50-line means a fall in buying strength. Profit booking has caused buying pressure to fall further. The buying strength made recovery attempts but failed each time. At press time, however, there was a small uptick which meant that buying strength continued to try to recover on the charts. Bitcoin Flashes Bullish Divergences On The One-Week Chart Bitcoin has been falling over the weekend and over the last 24 hours, BTC remained consolidated. In the past week, the coin declined by nearly 3%. The one-week chart demonstrated a build-up of bullish pressure. The bulls in the long run could break above the $38,900 price mark. At the present, in the short term, if bulls resurface, a steady support region could form between the $38,000 and $37,000 and that would stop the coin from moving further downwards. Indicators on the one-week chart posted mixed signals as the indicators continued to remain bearish. Both the RSI and MACD displayed hidden bullish divergences (white). Bullish divergences are considered positive and this could lead to northbound price action. Bullish Indication On The Four-Hour Chart Bitcoin was seen trading within a descending wedge since mid of April. Descending wedge is considered to be a bullish price action and is tied with a breakout in prices. On both the four-hour chart and one-week price chart, there are bullish divergences and indications. This suggests that a breakout in prices could be likely. In the case of a week’s time frame, both indicators displaying bullish divergences increase the chances of a breakout. On a short-term time frame, BTC continues to maintain a bearish outlook because of a fall in buying pressure. Related Reading | TA: Bitcoin Consolidates Below $39k: What Could Trigger Another Decline Featured image from UnSplash, chart from TradingView.com

I was looking through my feed and found this little gem from the Safemoon community: ​ https://preview.redd.it/tunjeghoo5x81.jpg?width=530&format=pjpg&auto=webp&s=babc750eb64293704631fcb663610fa6603bb770 Safemoon is pumping…apparently? I checked the price, it was still at the bottom of the barrel. I knew it had to be people getting excited over a small bounce. And probably also people not understanding how percentages work.…
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To those who haven't seen it, the CEO of Crypto.com tweeted out revised changes to the Crypto.com card staking rates in response to community feedback. This is the general summary of the changes: Instead of eliminating card staking earn rates completely, we will offer a more balanced approach: 8% APY for Private Members (Obsidian, Icy…
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submitted by /u/TonathanJavares [link] [comments]

Few minutes ago Kris Marszalek (CEO crypto.com) tweeted some reassuring words of the revise of card stakes, which they have removed just a day before. Make no mistake, personally as an Icy white holder i was gutted and pissed(still am), however this shows that they maybe not completely insane. The huge backslash they received from…
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A panel of crypto industry experts has predicted that the price of ether will reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030. Most of the experts on the panel are bullish on ether, with 61% saying now is the time to buy and a further 32% saying you should […]

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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