Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies. Central Bank of Russia Issues Draft Directive Banning Crypto Investments […]
submitted by /u/gigabyteIO [link] [comments]
If you check CoinMarketCap right now, (price glitch fixed BTW) you will see that Ethereum has a market cap of 586B and Bitcoin is at 1.17 trillion. Ethereum is essentially exactly half of Bitcoin right now. I have been very bullish on both ETH and BTC for a while, but personally I've always been more…
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Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA. Bitcoin is forming a base above the $46,400 and $46,000 support levels. The price is still trading below $48,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear $49,200 and the 100 hourly SMA for a steady increase. Bitcoin Price Forms Base Bitcoin price declined towards the $46,000 support level. BTC seems to be forming a base above the $46,000 and $46,400 levels. A low was formed near $45,759 before the price started a recovery wave. There was a move above the $47,200 and $47,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC/USD pair. However, the pair still trading below $48,500 and the 100 hourly simple moving average. It faced a strong resistance near the $48,250 zone and the 100 hourly SMA. Bitcoin also struggled near the 50% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. An immediate resistance on the upside is near the $48,100 level. The first major resistance is near the $48,250 level. The next key resistance could be $48,800. It is near the 61.8% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. Source: BTCUSD on TradingView.com A proper break above the $48,800 resistance could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly gain momentum. Dips Limited In BTC? If bitcoin fails to clear the $48,880 resistance zone, it could start a downside correction. An immediate support on the downside is near the $47,500 level. The first major support is now forming near the $47,000 level. The main support is now near $46,000. A downside break below the $46,000 support may perhaps accelerate losses in the near term. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Levels – $47,200, followed by $46,000. Major Resistance Levels – $48,250, $48,800 and $50,000.
submitted by /u/Capulous7217 [link] [comments]
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves up and get on with it, so that by the time this becomes […]
submitted by /u/Nrehart [link] [comments]
There are some aspects of crypto I think are absolutely necessary and can't wait to be using them in a mainstream way. And yes I am also talking about metaverses. But not the kind of crap I see pushed here everyday. The real projects we want and need are probably just being thought of today…
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Everybody in this sub who isn't a troll assumes that crypto it's going to replace a number of different Industries, most obviously banking and especially money transfer companies. I was surprised to see the vehement excitement with which people in here greeted the assumed imminent death of Ticketmaster and its competitors at the hand of…
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submitted by /u/twigwam [link] [comments]
