Category: Cryptocurrency News

Every spike it’s “bull market” this or that, and every crash it’s “bear market” blah blah. In the past we’ve definitely had clear bull and bear markets at various times, but when you look at the past year or so things have been far too erratic to call any of it “bull” or “bear” market.…
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With the Omicron variant causing stirs, and yet another story of Tether printing over a billion dollars overnight, its fair to say tensions are high as the prices have been bleeding slowly after some glorious pumps in OCT/NOV. The pumps can't last forever though, and corrections are healthy – so do you hold onto your…
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submitted by /u/lestercamacho [link] [comments]

The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million […]

The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months, despite being ordered by the country’s regulator to cease trading in June.

Bitcoin declined heavily and it even spiked towards $40K against the US Dollar. BTC is recovering, but it must clear $50K for a steady increase in the near term. Bitcoin is attempting a recovery wave above the $47,000 and $47,500 levels. The price is now trading below $50,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $48,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upward move if there is a clear break above $50,000. Bitcoin Price is Recovering Losses Bitcoin price failed to stay above the $52,000 and $50,000 support levels. BTC declined heavily and broke many important supports near the $48,000 level. It even dived below the $45,000 level and traded close to the $40,000 level. A low was formed near $40,150 and the price is now recovering losses. It climbed above the $45,000 resistance zone. There was a break above the 50% Fib retracement level of the recent decline from the $57,688 swing high to $40,150 low. It is now trading below $50,000 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $48,600 on the hourly chart of the BTC/USD pair. An immediate resistance on the upside is near the $49,600 level. The first major resistance is near the $60,000 level. The next major resistance is near $50,900. It is close to the 61.8% Fib retracement level of the recent decline from the $57,688 swing high to $40,150 low. Source: BTCUSD on TradingView.com A clear break above the $50,900 resistance zone could open the doors for more upsides. The next key resistance is near the $52,500 level, above which the price could rise steadily. The next stop for the bulls may possibly be near the $53,500 level. More Losses In BTC? If bitcoin fails to clear the $50,000 resistance zone, it could extend losses. An immediate support on the downside is near the $48,500 level. The first major support is now forming near the $47,500 level. A downside break below the $47,500 support may perhaps start a sharp decline. The next stop for the bears might be $55,000. 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 currently near the 50 level. Major Support Levels – $48,500, followed by $45,000. Major Resistance Levels – $50,000, $50,900 and $52,500.

microstrategy.sx/eth is "tracking" all the "winners". Really hope the traffic inbound is faked otherwise lots of people are losing millions of dollars. submitted by /u/SwimsWithDolphin [link] [comments]

Hi Eth Community, I am an idiot. I got referred a video on YouTube as I am into crypto videos: https://www.youtube.com/watch?v=ARIkioO7u80. As a dumbass, I legit thought this was a real event, so I sent 1.5 ETH to the wallet on www.eth2022.org. But looking at it now, it's pretty obvious that it's not legit and…
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Hello! I recently got interested in cryptocurrency, and I wanted to set up a basic miner to just test and learn how things work. So far I have: Used 'Coin Wallet' to create a wallet address Installed 'ethminer' (https://github.com/ethereum-mining/ethminer) Ran ethminer with: .ethminer -P stratum1+tcp://MY_WALLET_ADDRESS@us-eth.2miners.com:2020 This should connect to the pool from 2miners (https://eth.2miners.com/). On…
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