PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures […]
submitted by /u/mahad3v9 [link] [comments]
Given the volatility of the crypto market, most know this isn't a get rich quick kind of thing. A lot of people say if you can't see your portfolio drop 50% without having a panic attack, crypto might not be for your best interests. Tell yourself each time you buy, that this is at least…
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The bank will concentrate efforts on building an institutional-grade facility to invest in crypto assets.
Okay so I see speculation that we’re entering a bear market, but I also see “analysts” saying we’re still in the Bull. – Here’s my analysis, it’s probably the best one yet. Here’s why we’re not entering a bear market. – Winter is coming, yes. Winter will be here shortly, therefore it’s bullish. Why is…
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On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number […]
submitted by /u/dwolftech [link] [comments]
For good reason, given recent news about government shutdown fears in the US and Evergrande/China banning crypto again, there is a lot of FUD about a massive market correction across assets classes and especially in the stock market. It’s easy to say, “I’ll DCA” if shit hits the fan. But would you? Assuming you have…
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Bitcoin prices could reach $6 million per coin in forty years’ time, but the whales may eventually pull the plug.
Bitcoin price extended its decline and tested the key $40,750 support against the US Dollar. BTC could start a fresh increase as long as it is above $40,750. Bitcoin extended its decline below the $42,000 and $41,200 support levels. The price is now trading below $42,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase as long as it is above the $40,750 support zone. Bitcoin Price Tests Key Support Bitcoin price remained in a bearish zone below the $42,500 level. BTC extended its decline below $42,000 and settled below the 100 hourly simple moving average. There was a break below the $41,200 level, but the bulls protected the $40,750 support zone. A low is formed near $40,772 and the price is now rising. It surpassed the $41,200 and $41,500 levels. There was a break above the 23.6% Fib retracement level of the recent decline from the $44,327 swing high to $40,774 low. Bitcoin is now trading below $42,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $42,000 level. The first major resistance is near the $42,100 level. There is also a major bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair. The next major resistance is near the $42,600 level and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $44,327 swing high to $40,774 low is also near the $42,550 level. A close above the $42,600 level could push the price further higher. In the stated case, it could test the $43,500 resistance. More Downsides In BTC? If bitcoin fails to clear the $42,100 resistance zone, it could continue to move down. An immediate support on the downside is near the $41,200 level. The main breakdown support is near the $40,750 zone. A close below the $40,750 support level might lead the price towards the $40,000 zone. Any more losses could trigger a larger decline towards $38,000. 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 now rising towards the 50 level. Major Support Levels – $41,200, followed by $40,750. Major Resistance Levels – $42,000, $42,100 and $42,600.
