Category: Cryptocurrency News

This is a copy/paste from the original article located at https://ruudy.medium.com/the-kadena-ecosystem-is-rotten-to-the-core-cd355b635976 – I implore you to read the Medium version if at all possible, as version below will the the same article but without links, images and formatting. Because images are missing, some context might be missing. Abstract (this means TLDR) Last week, Kaddex, the…
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Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin. Last Friday, the crypto market saw a significant decline correlating US Indexes.  Bitcoin and Ethereum, the major players in the crypto market, gained 2% in the past 24 hours. Both crypto combined capitalization reached nearly $1.2 trillion today, with total crypto market capital at $1.9 trillion.  Related Reading | Ethereum Trades Below $3,000 Support, Why Is ETH Falling Since November? The crypto markets see a broad recovery as equities continue their upward trajectory. The BTC/USD pair is trading above $40,000 while ETH/USD has gained ground close to the $3,000 resistance level. Both coins are gaining amid this positive trend for all assets. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all gone up today. The S&P 500 is up 2.3%, the Dow Jones Industrial Average is higher by 1.7%, and the Nasdaq Composite leads the upside with 2.8%. This happened as Asian and European stocks had good days before the US Federal Reserve’s 0.5% interest rate hike. Bitcoin And Ethereum Still Look Bullish The bitcoin price is holding well above $38,000, but it’s close to touching another key supply wall at $40,000. However, this could signify that the bulls still have some strength and may push higher soon. As per Altcoin Sherpa, a crypto trader and analyst, “the market structure looks bullish.” He further added; As long as these lows are maintained and we still see higher lows, I think the bullish market structure is still intact. Still thinking 55k+ in the coming weeks. While commenting on Ethereum prediction, Altcoin Sherpa said; Unlike $BTC, ETH is still decently above its last lows and still has a bullish market structure (btc does too but its closer). Would like to see a higher low formed for #Ethereum. I think that it’s still at the mercy of BTC though, as always – if BTC tanks, so will ETH.  Related Reading | TA: Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase “Bitcoin could go higher,” said Rekt Capital, one of the top crypto analysts. The analyst said; Bullish Divergence on the 4-hourly is playing out. Key resistance in the very short-term will be this red area [above $40,300]. Turning it into support like in the previous yellow circle would be a bullish sign for trend continuation. Bitcoin has been below its 100-day moving average for a few weeks. The price has been supported by $37,000 and the falling trendline. This has lessened the bearish momentum. The $37,000 mark has become an important support for Bitcoin. If it falls below that, the price might go down to $30,000.   Featured image from Pixabay and chart from Tradingview.com  

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A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector The draft […]

The cosmos, Juno blockchain community has now voted to seize nearly all of coins from a Juno-whale that supposedly got then through an illicit way. This is a major move in decentralized governance and the first time that a community has voted to influence user balances. This is both good and bad. The obvious bad…
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So I recently watched a Max Maher video about a few kinds of bots that you can run in a bid to replace active trading. There are obvious advantages to this like removing emotions, catching movement when you are not looking at charts example when you are asleep. Further, slightly complex bots can DCA in…
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Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge.

HBAR Foundation, bloXroute, GamerGains, Spruce, Venly, Playmint and Oasis.app headline the latest funding deals from the world of blockchain.