Category: Cryptocurrency News

Bitcoin price recovered losses and climbed above $65,000 against the US Dollar. BTC must climb above the $66,350 zone to start a fresh rally in the near term. Bitcoin started a fresh increase from the $62,500 support zone. The price is now trading above $65,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear close above $66,000. Bitcoin Price Faces Resistance Bitcoin price remained well bid near the $62,500 zone. As a result, BTC started a fresh increase above the $64,000 resistance zone. There was a clear break above the $65,000 resistance and the 100 hourly simple moving average. Besides, there was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 50% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low. On the upside, an immediate resistance is near the $66,000 level. The first major resistance is near the $66,400 level. It is close to the 61.8% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low. Source: BTCUSD on TradingView.com A clear break above $66,350 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,000 level, where the bears might take a stand. An intermediate resistance for the bulls may possibly be near the $67,250 level. Fresh Decline in BTC? If bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $65,200 level. The first major support is now forming near the $65,000 level and the broken trend line. Any more losses could lead the price towards the $64,500 level. The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level. Major Support Levels – $65,200, followed by $65,000. Major Resistance Levels – $66,000, $66,350 and $68,000.

https://twitter.com/mallardshead/status/1460082011746537473?s=21 It should be called the token layer, because you need to pay, swap, wrap, or stake them to do anything, and that's on top of paying gas with the protocol's native currency ETH. It's quite frankly ridiculous, inefficient, and capitalistic to the point it makes Web 2.0 look attractive. I mean, thanks for the…
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Decentralisation is the most important factor IMO, what's the use of Crypto if it's not able to provide sovereignty to it's holder, TPS and smart contract blah blah is irrelevant if you're not decentralized enough. submitted by /u/ChaoticRationalist [link] [comments]

Decentralized Finance (DeFi) is a term to describe applications built on blockchains to disrupt and decentralize finance. DeFi gives people the power to take more control of the services generally provided in centralized finance and creates extreme flexibility. Now that we have the definition out of the way we can talk a bit about why…
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There is approximately US $40 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion. There are still so many people in the world who don’t trust crypto or don’t understand it. So many people…
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has some advice on how to get into bitcoin or other cryptocurrencies. “It’s a wonderful universe. It’s a fantastic asset. It’s a must-own if you’re an investor,” O’Leary said. He also revealed that his crypto exposure has grown to about 10%. Kevin O’Leary Has Some Advice for […]

Does anyone else experience this? I have to give like 6 disclaimers when I mention this stuff to people, because in my experience they'll ask questions that indicate they think a cult leader has taken over my bank account or that I'm just throwing money away like a complete and total idiot. "Yea so I…
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Pretty straightforward. This sub is bullish on quite a few projects. Of this sub’s favorites, which one do you go against the grain on and are actually bearish? I’ll start: ALGO Disclaimer: I do own a small bag of ALGO. I was quite bullish on ALGO when it was below $1, but now I’m not…
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