Category: Cryptocurrency News

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

Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area was full of bid orders, as NewsBTC reported yesterday, which proved a critical zone for the rebound. The current price action seems to be trending upwards in volatility after a long period of stagnation for BTC’s price. As seen below, data from Arcane Research indicates that low volatility levels could be brewing Bitcoin for a fresh rally or a reclaim of its previous highs. The research firm noted that Bitcoin’s 30-day volatility reached a multi-year low. The last time this metric stood at its current levels was in November 2020. At that time, Bitcoin broke out of its bear market price action from the $3,000 to $16,000 range and into uncharted territory. The decrease in volatility seems to have hinted at this price movement and could potentially be indicative of BTC’s future performance as it rebounds back to $40,000. Arcane Research noted the following on BTC’s volatility and why it is signaling more market activity: Bitcoin’s dull price action over the recent month led bitcoin’s 30-day volatility to reach its lowest levels since November 5th, 2020, on Saturday, April 16th. The low volatility regime back in the fall of 2020 held for nearly three months from late September until early November, but such prolonged low volatility period is unusual. Bitcoin Whales Push Price From The Bottom Of Its Range Separate data from Material Indicators (MI) indicates an increase in short-term activity from large Bitcoin investors. As seen below, investors with bid orders of around $100,000 (in purple), $10,000 (in red), and $1,000 (in green) are buying into BTC’s current price action. Retail investors and “Mega” BTC whales remain dormant. In total, other investors classes have been buying as much as $60 million in BTC over the past day. $39,000 and $38,000 continue to display important support for BTC’s price in case of potential downside. To the upside, $45,000 and $48,000 are BTC’s most important resistance levels with over $10 million in asks orders on these two levels alone. Related Reading | Now Or Never: Bitcoin Builds Base At Decade-Long Parabolic Curve Could the BTC whales push the cryptocurrency to the high $60,000 and into uncharted territory as it did in November 2020? Time will tell. The macro conditions seem to be unfavorable for a fresh rally. #FireCharts 2.0 (beta) shows #Bitcoin liquidity is on the move. There is currently ~$25M in Ask liquidity between here and the next technical resistance level is the 50 Day MA.Note: MegaWhales have yet to buy. #Crypto More from Material Indicators… https://t.co/26BLOFwenL pic.twitter.com/qRagkZTBlg — Material Indicators (@MI_Algos) April 19, 2022

submitted by /u/laulau9025 [link] [comments]

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

Hey all, I'm exploring an idea around building a multi-chain web3 inbox that would aggregate on-chain notifications in one place. Is there an ethereum equivalent to something like Dialect on solana that provides infrastructure for on-chain messaging? I found EPNS but doesn't seem like it has been widely adopted? Thanks, submitted by /u/clayc210…
Read more

This follows on the heels of Metamask blocking transactions, Infura blacking out large geographical areas, NFT platforms seizing property, several dapps integrating blockchain forensic products, and too many others to list. The most frightening part is that anytime these are brought up, they're rapidly dismissed with an ever worsening set of talking points by ethereans.…
Read more

Australia is set to get its first bitcoin exchange-traded fund (ETF) after a report suggested the country’s clearinghouse, ASX Clear, confirmed that four market participants agreed to meet its stringent margin requirements. ASX Clear’s Margin Requirements An Australian clearinghouse controlling access to the country’s equity capital markets, ASX Clear, is expected to approve a bitcoin […]

A few days ago I got caught up in the Sphere hype and exchanged 4 ETH worth about $12K for Sphere using Rubic Exchange. This was a mistake and for more reasons than just not buying the dip. ​ MetaMask Transaction I'm not sure what exactly happened but $2K just vanished at the exchange. Looking…
Read more

I'm just throwing shit out there, but if someone actually picks up on that, knock yourselves out and build — the world needs this. So, a starter pack would include an app, a fitness tracker for men or a fitness tracker and a dildo for ladies. Of course you'll need to mint an NFT (of…
Read more

PRESS RELEASE. Bittrex Global, a leading digital asset exchange, welcomes the YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, to its Initial Exchange Offering (IEO) platform, Bittrex Global Starting Block. By using blockchain technologies, the YellowHeart Protocol is transforming what tickets can do and how they are created, sold and […]