Category: Cryptocurrency News

The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about […]

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Bitcoin price is holding the $48,000 support zone against the US Dollar. BTC must clear $49,500 and $49,750 to start a fresh increase in the near term. Bitcoin broke the $48,500 resistance, but it faced hurdles near $49,500. The price is now trading above $48,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $48,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless it clears the $48,000 support and the 100 hourly SMA. Bitcoin Price Holds Key Support Bitcoin price formed a base above the $48,000 and started a fresh increase. BTC broke the $49,000 resistance and settled above the 100 hourly simple moving average. However, the price failed to gain strength above the $49,500 level. A high was formed near $49,657 before the price started a downside correction. There was a drop below the $49,000 support level. The price moved below the 23.6% Fib retracement level of the upward move from the $46,486 swing low to $49,657 high. Bitcoin is now trading above $48,500 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $48,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The next key support is near the $48,000 zone and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the $46,486 swing low to $49,657 high. If there is a downside break below the $48,000 support zone, the price might continue to move down. The next major support is near the $46,550 level. Fresh Increase In BTC? If bitcoin stays above the $48,000 support zone, it could start a fresh increase. An immediate resistance on the upside is near the $49,000 level. The first major resistance is near the $49,350 level. The main resistance is near the $49,500 level. A clear break above the $49,500 level could set the pace for more gains. In the stated case, the price might even surpass the $50,000 zone. Technical indicators: Hourly MACD – The MACD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is just below the 50 level. Major Support Levels – $48,500, followed by $48,000. Major Resistance Levels – $49,000, $49,350 and $49,500.

Among the darlings of this sub is up-and-coming chain Algorand. The founder claims to have "solved" the Blockchain Trilemma using their revolutionary consensus algorithm. From their marketing page: Algorand uses cryptographic sortition to select users to propose blocks for a given round. When a block is proposed to the blockchain, a committee of voters is…
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Solana (SOL) has achieved its latest all-time high with some impressive growth in the last 24 hours. The token, currently ranked the 8th most valuable cryptocurrency by market capitalization, shooting over the $100 threshold. At the time of writing this post, SOL is worth $100 This milestone is the end result of a series of…
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Hi guys. I’m back with this again. For anybody who saw the previous posts… I still can’t find a taker for my free btc. Tldr: I had an old btc wallet with $18 btc. I wanted to experiment and see how likely it is that someone would get a seed phrase and know what to…
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