Category: Cryptocurrency News

Bitcoin price extended decline below the $60k support against the US Dollar. BTC could extend losses towards $55k in the coming sessions. Bitcoin started a fresh decline below the $65k and $62k support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $58,500 and $57,500 support levels in the near term. Bitcoin Price Gains Bearish Momentum Bitcoin price started a fresh decline from well above the $65,000 zone. BTC traded below the key $65,000 support level to enter a bearish zone. There was a clear break below the $62,000 support and the 100 hourly simple moving average. Finally, the price traded below the main $60,000 support zone. A low is formed near $58,630 and the price is now consolidating losses. On the upside, an immediate resistance is near the $60,000 level. The first major resistance is near the $60,450 level. It is close to the 23.6% Fib retracement level of the key decline from the $66,350 swing high to $58,630 low. There is also a key bearish trend line forming with resistance near $61,000 on the hourly chart of the BTC/USD pair. A clear break above $61,000 resistance may possibly call open the doors for a steady recovery. The next major resistance sits near the $62,500 level. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the key decline from the $66,350 swing high to $58,630 low is also near the $62,500 level to act as a key hurdle. A move above the $62,500 level might start a fresh rally. More Losses in BTC? If bitcoin fails to recover above the $61,000 resistance zone, it could extend decline. An immediate support on the downside is near the $58,800 level. The first major support is now forming near the $58,650 level. The next major support is near the $58,000 level, below which the bears might aim a retest of the $55,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $58,500, followed by $58,000. Major Resistance Levels – $60,450, $61,000 and $62,500.

I admit i haven’t been following the L2 upgrades as much as i should. I use a hardware wallet and was wondering how the L2 upgrade will affect my holdings of ETH and erc20 tokens on it. Will i need to migrate them or will my hardware wallet vendor upgrade the wallet? My big fear…
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Am I paranoid? The couldn’t stave off the creepy, stomach dropping into my feet feeling when the Zuck announced the change. I don’t think this is good for the world and humanity at large. The amount of tracking and the data mining is already at an uncomfortable level. Adding this to the mix is just…
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Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework is a three-pronged approach of what can be done now,” noting that it is the result of Ripple’s “direct interactions with regulators and bipartisan policymakers.” Ripple’s ‘Real […]

I've been luck this year and our company has just given everyone at work a small bonus this year. After paying off some other expenses I will am left with about $2000 free to spend. I am planning on investing this into crypto but wondering what I should buy? I currently hold some BTC, DOT,…
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As many on this glorious sub of expert traders always suggest is to buy the dip when the market takes us on a joy-ride with these nasty big red dildos some interlectuals call a candle chart. Waking up to most of my tokens being 4 to 10 % cheaper than last time I checked, I…
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Voyager is offering bonus' in conjunction with the Dallas Mavs for $100 and the deal was to wait 14 days after trading it to be able to withdraw it and they're not letting any of us withdraw it. My bonus was received on 10/31 and I bought BTC and LTC with it and traded TF…
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Lower volumes compared to ProShares were expected, but Van Eck hopes its lower fees can give it an edge over competitors.

It seems the recent sentiment here is of sheer FUD crud. Volatility in this market is completely to be expected. Hell, people actually depend on it (just don't leverage crypto ffs). Does anyone even remember what happened May this year? If you're not fucking nuts to trade crypto short term and expect any kind of…
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The film production company behind Pulp Fiction called Quentin Tarantino’s plans to make NFTs based on the film a “deliberate, premeditated, short-term money grab.”