Category: Cryptocurrency News

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Bitcoin has once again dipped back down below its $47K resistance point. This time, the price of the digital asset looks to have turned its attention downwards. While this downward correction continues, it is important to know where this correction might lead. Price dips are not a novel concept in bull markets. In fact, price dips are often expected following a rally in the price of any digital asset. Related Reading | Why An 18% Drop In Bitcoin Could Still Be Bullish This drop in price is usually the market taking a bit of a step backward. Not necessarily pulling out of the asset. Bitcoin had only recently broken $50K and did not rest at this position for long. So a small downward stretch will most likely lead to a bounce-back that will push the price higher back above $50K. With a consolidation point putting the digital asset at a reasonable position above $50K. Bitcoin Setup For New All-Time High For bitcoin to hit a new all-time high as the market expects, some factors would play into this. Simply speaking, certain signals would need to be triggered for this price jump. Bulls still have majority standing currently, but it is no secret that the bears are determined to drag down the price of the asset. BTC price set to hit new ATH if bounce-back leads past $49K | Source: Twitter This has seen the price of bitcoin forming its first weekly bear after the run-up. As expected, bears are trying to straighten their hold on the market. Dragging BTC price down to test the $40K to $45K range again in the coming days. Current trends for the past 24 hours could very well put the market on track for this breakout level. Unless BTC sees a U-turn. Related Reading | Puell Multiple: The Bitcoin Metric That Says BTC Miners Aren’t Ready To Sell While below $45K is more than likely, BTC price charging back up past $49K will very well see a break away from current bear trends. Not only will this totally weaken bears’ hold but will also trigger a run-up towards $60K. Time To Buy? Despite the recent dip, market sentiments have not moved much. The Fear & Greed Index shows that the market has now moved out of “extreme greed.” But generally has remained in greed, with a current score of 75. Bitcoin’s current price is mostly a buying opportunity for investors in it for the long run. Also known as diamond hands. Losing over $3,000 in the space of 24 hours will usually see a price rebound. The weekend will most likely usher in an uptick in trading volumes that will see BTC recover above its crash point. BTC price falls below $47K | Source: BTCUSD on TradingView.com At this time of writing, BTC is trending around $46,600, with an overall market cap of $881 billion. The beginning of the week saw the price break out past $50K. Current trending patterns show the asset will usher in the weekend below $50K. Featured image from The Independent, charts from Twitter and TradingView.com

I do this to avoid contaminating my crypto computer with viruses, keyloggers, etc. Crypto computer rarely, if ever, sees the Internet. Some more tips: If you cannot afford a separate computer, and you need to visit questionable sites, you can: Use a virtual machine, like Virtual Box. It's free. A few other free software as…
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What about these crypto rewards credit cards? Sofi, Brex, Venmo, BlockFi, Gemini. Anyone have a good or bad experience with these cards? submitted by /u/SquidProJoe [link] [comments]

Traders say a correction to lower support levels and standard profit-taking was expected after Bitcoin’s swift ascension to $50,000.

DeFi means decentralised finance. 10 years ago, we saw the creation of Bitcoin — a decentralised money. Building upon this asset (decentralised money), we are now at the stage of decentralised finance. We are basically programming code into the money (e.g. $Dai). And in the code, we incentivise people to put money in or take…
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My single 1080 miner has been up for 18 days without issues checked it 4 days ago and it was still fine and past 3 days of high probability like the $4.50 it was showing yesterday on my app. Look at it today and past 3 days was rejected shares for no reason RIP …
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I meant to create only 1 account (to hold my matic, trac and others) but by accident I ended up creating 2 acts in the end. Yesterday I installed ledger live in a new phone and I had forgotten about the 1st acct (that already had 2 ERC20 tokens stored in it) so I allowed…
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