So I have been thinking of buying a small amount of ethereum to try it out and as I was researching I found out that If you hold for more than a year then the tax is lower. Does this still apply if I send. So if a where to buy in metamask and keep…
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Stock prices are supported by something in the real world – corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don't have money to put in now and have lost…
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The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings […]
Bitcoin failed to recover above $32,000 against the US Dollar. BTC is gaining bearish momentum and trading below the key $30,000 support zone. Bitcoin started a fresh decline and traded below the key $30,000 support zone. The price is now trading below $30,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $31,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate lower below the $27,500 and $27,000 levels in the near term. Bitcoin Price Dives Below Key Support Bitcoin price attempted a recovery wave above the $32,000 level. However, BTC struggled to continue higher and started a fresh decline below $31,000. There was a clear move below the key $30,000 support zone and the price settled below the 100 hourly simple moving average. The decline gained pace below the $29,500 level. Finally, there was a move below the $28,000 level and the price traded to a new multi-week low at $27,700. Recently, there was a minor upside correction above $29,000. Bitcoin recovered above the 23.6% Fib retracement level of the recent decline from the $32,132 swing high to $27,700 low. However, the bears were active near the $30,000 resistance zone. The price remained below the 50% Fib retracement level of the recent decline from the $32,132 swing high to $27,700 low. There is also a key bearish trend line forming with resistance near $31,000 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The next key resistance could be near the $31,500 level. The key breakout zone is still near the $32,000 zone, above which the price might start a steady recovery wave in the near term. More Losses in BTC? If bitcoin fails to clear the $30,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $28,200 level. The next major support is seen near the $27,700 level. A downside break and close below the $27,700 support might accelerate losses. The next major support could be $27,200, below which the bears might aim a move towards the $26,500 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 50 level. Major Support Levels – $28,200, followed by $27,700. Major Resistance Levels – $29,500, $30,000 and $31,400.
I bought into crypto at the end of May 2021, around this time a year ago and DCAed every week until around the beginning of August before deciding to just hold and not DCA during the bullrun last year (best decision I made in hindsight). I have the majority of my portfolio in BTC and…
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Newly discovered documents suggest a possible conflict of interest from a former SEC official when he made a speech about Ethereum which some claim could jeopardize the SEC’s case against Ripple.
Unless you have been living under a rock, we just experienced a catastrophic crypto meltdown. People are understandably upset, posts here are now emotionally charged. However the writing was on the wall as highlighted in my previous post https://www.reddit.com/r/CryptoCurrency/comments/ubg9me/despite_what_people_say_on_this_sub_expect_crypto/?utm_medium=android_app&utm_source=share I don't intend this to be a told you so post, I want to simply urge…
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The crypto market has deep-dived to 11% in just 24 hours. It’s been in the hole or behind and most coins (led by LUNA) have been suffering major losses such as Avalanche, ApeCoin, Solana, and Shiba Inu, to name a few. So, what’s happening here? It’s like a ripple or domino effect that has hit one and is now derailing the rest of the cryptocurrencies. Not Just LUNA LUNA has lost 97% of its value following the major dip of UST stablecoin. The losses of other coins are not as massive as Terra but they have also suffered devastating double-digit losses over the 24-hour time frame. Suggested Reading | Shiba Inu Vs. Dogecoin And LUNA: Which One Will Survive The Crypto Carnage? Altcoins In The Red Most altcoins are in the red at this time. It’s a major blow in the crypto space and people are trying to analyze their cards. Avalanche has plummeted to 34% or under $32 and it even crashed below $28 which is far worse than its slump in August 2021. More so, Solana is now down by 26% which has further dropped to around $52 as of this writing. Luna is the cryptocurrency of Terra. Following the collapse of USDT or the dollar stablecoin, Luna also suffered a massive slump at 97% or below $1. BTC total market cap at $550.71 billion on the daily chart | Source: TradingView.com ADA of Cardano has also slid down by 16% or $0.56 displaying tremendous dips comparable to what transpired in February 2021. Additionally, Polkadot (DOT) has also crashed to around 24% over the past 24 hours, or about $9. Other tokens and meme coins are also extra volatile and dipping today like Dogecoin which is down 23% or $0.087 and Shiba Inu, which has lost over 27% in the past 24 hours. Meanwhile, ApeCoin is also falling rapidly and has scraped 37% off its market value over the past day with the current prevailing price at $5.90. The price has now plunged to 85% compared to its winning streak of $39.40 following its launch in March of this year. Trouble In Metaverse? Even the metaverse is having trouble Decentraland and The Sandbox have plunged to 28% or $0.85 and 28% or $1.32, respectively. These metaverse gaming tokens were selling like hotcakes especially following Facebook’s switch to Meta but are now losing out on value. The crypto market has slumped by 11% in a quick span of 24 hours led by the king of cryptocurrencies, Bitcoin which suffered a dip of 6% or a price below $29,900. Meanwhile, Ethereum is also down to 8% or $2,180. Suggested Reading | Bitcoin Price Crashes Below $30K As Markets Show Signs Of Paranoia Featured image from Physics World, chart from TradingView.com
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Ethereum whales have been transacting a huge volume of Ethereum, marking the highest one day whale activity since January.
