Category: Cryptocurrency News

Dapper Labs has been busy with several new launches this week, while Crypt TV and Metaversal are launching a scary new NFT collection.

Bitcoin started a fresh decline below the $43,000 support against the US Dollar. BTC declined sharply to $40,000 and might continue to move down. Bitcoin started a fresh decline below the $43,000 and $42,500 support levels. The price is trading below $42,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $43,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $42,000. Bitcoin Price Turns Red Bitcoin price failed to stay above the $43,180 support level and extended decline. BTC traded below the $42,500 support level to enter a bearish zone. The decline gained pace below the $42,000 level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $43,600 on the hourly chart of the BTC/USD pair. The pair even broke the $40,500 support and traded as low as $40,100. It is now consolidating losses below the $41,000 level. On the upside, an initial resistance is near the $41,000 level. It is near the 23.6% Fib retracement level of the recent dive from the $44,375 swing high to $40,100 low. Source: BTCUSD on TradingView.com The next key resistance is near the $41,620 level. The main resistance is now forming near the $42,250 level. It is close to the 50% Fib retracement level of the recent dive from the $44,375 swing high to $40,100 low. A clear move above the $42,250 resistance zone might start a decent increase. The next major resistance is near $42,750, above which the price might rise towards the $43,200 level. More Losses in BTC? If bitcoin fails to start a recovery wave above the $41,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $40,350 zone. The next major support is seen near the $40,000 level. If there is a downside break below the $40,000 support zone, the price might gain bearish momentum for a move to $38,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level. Major Support Levels – $40,350, followed by $40,000. Major Resistance Levels – $41,000, $41,650 and $42,250.

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“Ethereum demand is tied more closely to transactions. Therefore, similar scaling constraints hurt Ethereum demand more than they suppress Bitcoin demand,” Morgan Stanley’s report reads.

Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on […]

Hello r/ethereum. I have been researching this project for a little while and I am going to buy some Eth soon. I was hoping you all could help me with a couple questions. I am considering either Binance Us (in the usa here), Coinbase Pro or Kraken to buy it as from my research these…
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Regarding the recent “genius detective” who claimed to have “cracked” the seed words in crypto.com’s commercial: the fact that so many people on this sub think that there’s any evidence whatsoever of this person actually cracking a wallet that crypto.com activated shows how hilariously little the people of this sub know about how crypto wallets…
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Millennials are most likely to seek alternative financial services and assets such as crypto, and younger generations are hopping on to the bandwagon leading researchers to expect a crypto boom in 2022.