Category: Cryptocurrency News

Bitcoin extended decline below the $47,000 support zone against the US Dollar. BTC could correct lower, but the bears might remain active near $48,000. Bitcoin declined further below the $48,000 and $47,000 support levels. The price is now trading well below $48,000 and the 100 hourly simple moving average. Earlier, there was a break below a major rising channel with support near $49,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses, but there are a lot of hurdles on the upside near $48,000. Bitcoin Price Breaks Key Support Bitcoin price failed to stay above the $50,000 support zone. As a result, there was a sharp bearish reaction and BTC settled below the $50,000 pivot level. There was a break below a major rising channel with support near $49,400 on the hourly chart of the BTC/USD pair. The pair even broke the $47,000 support level and settled well below the 100 hourly simple moving average. A low was formed near $45,759 and the price is now correcting losses. Bitcoin price is now trading near the 23.6% Fib retracement level of the downward move from the $50,788 swing high to $45,759 low. An immediate resistance on the upside is near the $47,400 level. Source: BTCUSD on TradingView.com The first major resistance is near the $48,250 level. It is near the 50% Fib retracement level of the downward move from the $50,788 swing high to $45,759 low. A proper break above the $48,250 resistance could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly gain momentum. More Losses In BTC? If bitcoin fails to clear the $48,250 resistance zone, it could continue to move down. An immediate support on the downside is near the $46,500 level. The first major support is now forming near the $46,000 level. A downside break below the $46,000 support may perhaps push the price towards the $45,500 support. Any more losses could lead the price towards the $45,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well below the 50 level. Major Support Levels – $46,250, followed by $46,000. Major Resistance Levels – $47,400, $48,000 and $48,250.

0x67B6a6a88de218114eA2a58F5970CCC712156247 All the faucets are down :/ submitted by /u/cjohndesign [link] [comments]

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Matrix star Keanu Reeves has revealed that he owns cryptocurrency which a friend bought for him a while back. “Yeah, I have a little hodl,” he said. The famous actor also commented on non-fungible tokens (NFTs) and the metaverse. Keanu Reeves Talks Crypto, Metaverse, and NFTs Famous Hollywood actor Keanu Reeves talked about cryptocurrency, the […]

The second most popular NFT collection, Bored Ape Yacht Club, is back on the news. On the one hand, a deadly mistake cost a pseudonymous user more than $250K. On the other, a feelgood story of a diamond-hand holder that minted a Bored Ape seven months ago and just sold it for over $1M. Or did he? The deal is tainted by a suspect second transaction that the community immediately detected.  Related Reading | The Sandbox Purchase Bored Ape Yacht Club NFT for More Than $2.9 Million Exciting beginning of the week in the Yacht Club, and NewsBTC has all the juicy details on both stories.  A Costly-Costly Mistake In The Bored Ape Yacht Club Maxnaut’s membership to the Yacht Club has been revoked. This person’s distraction while listing his Bored Ape for 75ETH, lead him to actually list it for 0.75ETH. A bot immediately snatched it, paying an extra high transaction fee to ensure the extremely profitable buy. Not only that, the bot listed it for 88 ETH straight away. Forget the Roomba and those goofy Boston Dynamics robots, this is the most useful and effective bot ever created.  The ex-owner, Maxnaut, told Cnet: “I list a lot of items every day and just wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse but a bot sent a transaction with over 8 eth [$34,000] of gas fees so it was instantly sniped before I could click cancel, and just like that, $250k was gone.” A horror story if we ever heard one. Multitasking takes another victim.  BTC price chart on Bitbay | Source: BTC/USD on TradingView.com From Diamond Hands To Millionaire, But Wait… Only 10.000 Bored Apes exist. All of them were minted for 0.08ETH each. The photographer John Knopf was one of the lucky people that believed in the project from the get-go and was greatly rewarded. This is his story. “I bought my ape for .08 on minting night and just sold it for 347 ETH. I am at a loss for words right now. I am crying so much. Thank you Bored Ape Yacht Club for completely changing my life and everyone in the community!” https://twitter.com/JohnKnopfPhotos/status/1470101795460419588 The person who told him to buy completes the heartwarming story. “Going from degening into Bored Ape Yacht Club because I liked the art, to telling John Knopf to ape in that fateful Friday night (…) I’m so so so happy for you. Massive. Massive for you, and for the BAYC community.” https://twitter.com/_jeffnicholas_/status/1470100638390374402 But wait, what is this? The Ethereum blockchain shows that John Knopf sent 230 ETH back to the wallet that bought his Bored Ape. https://twitter.com/Eurico_RT/status/1470106148917460996 But wait, what is this? The owner of the wallet did send a message to John Knopf through the blockchain asking him to return the funds. Apparently, he was trying to make a bid and made a million Dollar mistake. https://twitter.com/Jiran_z/status/1470120827878211586 The New Bored Ape Owner Shared His Side Of The Story A few days later, Deepak Thapliyal, the Bored Ape 9452’s new owner, told his story. “I decided I wanted this ape no matter what (…) I knew I wanted it, so originally I moved 655 ETH into my wallet because I was actually prepared to buy it at full ask.” https://twitter.com/dt_chain/status/1470153518514384896 He wasn’t actually making a bid, but checking John Knopf’s wallet activity in Etherscan. However, “After I placed my originally bid, I had to move 230 ETH to another wallet in mobile. I _thought_ the copy button for the address I was sending too was pressed properly. PS: I was multi tasking.” Here we go, multitasking takes another victim.  https://twitter.com/dt_chain/status/1470153538756034563 Deepak found Knopf’s on Twitter, and “I tweeted at him and he followed so I could DM him. I explained my story and told him how I wanted his ape. He quickly informed me he had no intentions to keep my money and would send it back. He asked if I wanted the ape still which I said “yes”.” They agreed on a price and the rest is history. “Funny story to tell my kids one day when I give them this ape.  Thanks to John for being a standup guy and returning my ETH.” https://twitter.com/dt_chain/status/1470153545215315973 Facts And Burning Questions And that’s pretty much it. Do you buy Deepak Thapliyal’s story? Was it an innocent mistake? Or do you think he and Knopf were up to something? The high price buy raises all of the Bored Ape’s prices, and Bored Ape 9452 especially. However, the blockchain doesn’t lie and Knopf ended up with 347 ETH total.  Related Reading | Miramax Sues Quentin Tarantino Over “Pulp Fiction” NFTs. Tarantino Moves Forward You have all the facts and every side of the story. Reach your own conclusions. Featured Image: Screenshot from the Bored Ape’s website | Charts by TradingView

Just an important heads up. JPOW is expected to announce this Wednesday, how quickly the fed might taper, and raise rates. If the announcement is a faster tapper than expected, than expect a major dip in risky assets, so you might want to keep the cash until than if/when a major dip does happen! A…
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We provide over 100+ FREE crypto articles on our SubStack! 😀 (Link on our profile). This is not financial advice. ​ TLDR: The centralised way of decision making and governance is inefficient. DAO is a new way of organisation and making decisions, instead of relying on the central authority. Everyone gets to be part of…
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Hey all I read this article: https://nakamotoinstitute.org/mempool/bitcoin-not-blockchain/ Makes the argument that bitcoin + blockchain as a unit is the true technology not blockchain alone. Blockchain exists to ensure immutability however blockchain alone can't do this since you need a currency that has value. The value of the currency + blockchain combined create the security. To…
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