Crypto is at the end of the day a shared record ledger. That’s it. Regarding that other popular post, this doesn’t mean Ticketmaster can’t charge us ridiculous extra fees for facilitating concert ticket sales because they work with the people who own and operate the venue. Not the artists. This has nothing to do with…
Read more
BTC price took a sharp tumble below a key support level, but data shows today’s dip could be another buying opportunity for bulls.
BitPay, a bitcoin & crypto payment platform, today announced support for Lightning Network payments. Now, BitPay merchants and their customers have access to cheaper, more scalable bitcoin payments. The combination of payments made through the main bitcoin blockchain and through the Lightning Network results in an overall better payment experience that is fast, low cost,…
Read more
There is no other asset class that will experience such gains over the next 100 years. Up until the last are mined in 2140, it will be a RACE to acquire them. Afterwards miners will be the highest paid job around securing and transacting the world monetary network. Crypto market value will reach $100 trillion…
Read more
PRESS RELEASE. Boston, 6 April 2022 – Creaticles ($CRE8), the world’s first NFT Requests Marketplace matching NFT buyers to its roster of verified global artists, has today announced a collaboration with Fantom Foundation. The integration on Fantom, one of the fastest growing layer-1 blockchain platforms, represents the first step in Creaticles’ multi-chain expansion plans, and […]
Bitcoin has hit a roadblock in its recent upward trajectory. After the digital asset had successfully broken above $47,000, it had been subsequently beaten down by the bears. This was a result of an important resistance point that proved impossible for bitcoin to beat at the time. It continues to struggle with this point even now and has declined into the $44,000 territory. This point remains the level to beat for the cryptocurrency to once more register a bullish trend. Bitcoin Fails To Break Resistance Bitcoin establishing a bullish trend can sometimes be a tricky thing. This is due to the fact that as the price grows, the resistance being mounted by bears at various levels becomes increasingly hard to beat. This was the case at the $47,500 level where bitcoin had met significant resistance. Failure to break above this level had sent the digital asset spiraling back down and eventually landing in the low $40,000s. Related Reading | TA: Bitcoin Tops Near $47K, Why The Bulls Must Defend $45K This point is pertinent for bitcoin to beat given that it is the major resistance between the asset and the coveted $50,000 price point. It may not be the previous all-time high but hitting $50,00 surely puts the cryptocurrency on a path to setting another ATH. $47,500 is an important technical level for BTC which means a failure to maintain a position above this would be brutal, as evidenced by the recent downtrend. After this had been the $45,000 level, where it was presumed bulls had formed significant resistance. However, with BTC tumbling below this point, it is obvious that the support formed at this level fails to rival that of the $36,000 to $38,000 level. BTC on a downward correction | Source: BTCUSD on TradingView.com This is nothing more than a correction though after a tremendous bull run, notes Egor Volotkovich, Executive Director of cross-chain solutions at EVODeFi. “Bitcoin is leading a general market correction today as it retested the $45,000 support level after surging to a 24-hour high of $47,106,” said Volotkovich. “The correction is a somewhat temporary breather that the BTC investors are exhibiting following periods of consistent growth and resilience across the board.” Moving Towards Better Things In the long term, Bitcoin continues to look better. The digital asset which had broken above its 50-day moving average had been able to establish a more bullish trend in the short term. Taking this on into the long term. Related Reading | Bitcoin Retail Reaches Second-Highest Buying Rate In History. Good Or Bad? It has also formed new support around its 200-day moving average which has always been a sign of good things to come in the past. And with momentum picking up in the last month and buying ramping up both on the institutional and retail level, there is a stronger argument for the long-term profitability of the digital asset. “With the continuous buying momentum as seen by the inflows into major BTC-hinged products like the Canadian Bitcoin ETFs, the chances that Bitcoin’s momentous growth will be reintroduced in the near future is high, and should this happen, we may see prices retest the $48,000 benchmark before mid-month,” concluded Egor Volotkovich. Featured image from MARCA, chart from TradingView.com
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day.
submitted by /u/meepmurp- [link] [comments]
I'm still in the learning phase of crypto and looking for helpful resources, and thoughts on how to better understand the mechanics of the demand side of eth token. There seems to be a ton of analysis on the supply, burn fees and amount of staked eth, which is great but I still feel like…
Read more
submitted by /u/chejazi [link] [comments]
