Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.”
Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.”
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading below $49,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $49,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it is able to clear the $50,000 level. Bitcoin Price Holds Key Support Bitcoin price started a fresh decline from the $52,000 resistance zone. BTC broke the $49,000 support level and settled below the 100 hourly simple moving average. There was also a move below the $48,000 level, but the bulls were active near the $47,300 zone. A low is formed near $47,298 and the price is now correcting losses. There was a move above the $48,000 resistance zone. Bitcoin climbed above the 23.6% Fib retracement level of the downward move from the $51,955 swing high to $47,298 low. The price is now trading below $49,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $49,000 level. The next major resistance is near the $49,500 level. There is also a major bearish trend line forming with resistance near $49,900 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the downward move from the $51,955 swing high to $47,298 low. A clear break above the $49,500 resistance zone could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly start a steady increase. More Losses In BTC? If bitcoin fails to clear the $49,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $48,000 level. The first major support is now forming near the $47,300 level. A downside break below the $47,300 support may perhaps increase selling pressure. The next stop for the bears might be $46,000. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Levels – $48,000, followed by $47,300. Major Resistance Levels – $49,500, $50,000 and $52,000.
Over the last couple of days (month really, ever since a reddit engineer accidentally revealed too much on his first day on the job), you've probably seen a massive influx of articles and questions on community points, ever since reddit updated their community points page. So, I'll do my best to answer your burning questions…
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Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay’s announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for the popular trading platform Robinhood to list shiba inu crypto has garnered […]
submitted by /u/thefoodboylover [link] [comments]
We have so many shitcoins everywhere with no fundamental use cases, what are your top 10 coins will survive a bear market wipeout?. For me it's: 1) Bitcoin, 2) Ethereum, 3) Luna, 4) Solana, 5) DOT, 6) Monero, 7) Polygon, 8) Litecoin, 9) Chainlink, 10) Algorand. submitted by /u/Heisenberg_USA [link] [comments]
submitted by /u/badaccountant28 [link] [comments]
submitted by /u/JoJopama [link] [comments]
Traders could do nothing but wait on Dec. 7 when dYdX went down along with Binance.US and Coinbase due to an AWS problem.
