Category: Cryptocurrency News

The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern.

Buying/holding Crypto is a big F*ck you to China. One day in the future, China will have their Communist Coin, and it will blow up like crazy since their people will be forced to use it. The only way to fight Communist Coin is by continuing to support Capitalist Coins by choosing to invest in…
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The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan.

Bitcoin price extended its recovery above the $43,500 level against the US Dollar. BTC is now facing a major barrier near $44,200 and $44,400. Bitcoin recovered above the $42,500 and $43,500 resistance levels. The price is now trading above $43,000 and the 100 hourly simple moving average. There is a rising channel forming with support near $43,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further higher if there is a clear break above the $44,400 resistance. Bitcoin Price Revisits Resistance Bitcoin price remained stable and extended its increase above the $43,000 level. BTC even broke the $43,500 level and settled above the 100 hourly simple moving average. However, the price is still struggling to clear the $44,200 and $44,400 resistance levels. A high is formed near $44,100 and the price is now consolidating gains. It is now trading above $43,000 and the 100 hourly simple moving average. An immediate support is near the $43,500 level. There is also a rising channel forming with support near $43,340 on the hourly chart of the BTC/USD pair. The channel support is near the 23.6% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. On the upside, an immediate resistance is near the $44,100 level. Source: BTCUSD on TradingView.com The first major resistance is near the $44,400 level, above which the price could start a major increase. The next major resistance is near the $45,500 level. Any more gains could set the pace for a move towards the $47,200 level. Fresh Decline In BTC? If bitcoin fails to clear the $44,100 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $43,500 level. The first major support is now forming near the $43,350 level and the channel trend line. A break below the $43,350 level might push the price towards the $42,500 level. It is close to the 50% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. Besides, the 100 hourly SMA is near the $42,500 zone to provide support. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level. Major Support Levels – $43,350, followed by $42,500. Major Resistance Levels – $44,100, $44,400 and $45,500.

submitted by /u/d_d0g [link] [comments]

Feel as though the support fell off a cliff went from about a hundred to zero. Funny how quickly people lose interest. Also how fast this subreddits sentiment changes one moment you are getting downvoted about trying to point out the problems with Solana then the next you are being upvoted. Just goes to show…
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Former federal prosecutor Katie Haun says that regulators really need to take stock of the fact that we’re beyond just financial use cases of cryptocurrency. “There’s much more to crypto than that,” she said, adding that “Regulation cannot be one size fits all.” Haun further said that crypto is not the Wild West and the […]

submitted by /u/Some1fromReddit [link] [comments]