Hi everyone, I’m a total noob looking to buy ETH and BTC for the first time. I first learned about BTC in 2011 when it was still super fringey and almost bought but didn’t. I’m now kicking myself and don’t want to make that mistake with ETH and the upcoming crypto/blockchain decade. My strategy: I’m…
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On October 5, the youth fashion and retail brand Pacsun announced the company is now accepting cryptocurrencies via Bitpay’s payment services. Pacsun says the company has a youthful audience that is “very tech-oriented” and the firm has seen an “increasing desire towards cryptocurrency.” Pacific Sunwear of California Goes Crypto The American retail clothing brand, Pacific […]
This is based on the comment here. Will there be an issue with block producing nodes after EIP-3675 due to eth2 nodes having to now also fill/process block, which is beyond the capability of the minimum hardware requirement (e.x. RaspPi). And if so, how will the affect the network? According to the linked comment, an…
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Rune Christensen believes MakerDAO’s collateral should be mobilized to capital into sustainable investments.
Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month.
Bitcoin extended its rally above the $55,000 resistance against the US Dollar. BTC could correct lower, but the bulls might aim more gains towards $60K. Bitcoin climbed higher above the $52,000 and $54,000 resistance levels. The price is now trading above $53,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $53,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $55,500 and $56,500 resistance levels in the near term. Bitcoin Price Extends Rally Bitcoin price started a strong increase above the $50,000 resistance. BTC even broke the $52,000 resistance level and settled above the 100 hourly simple moving average. The upward move was such that the price broke the $53,200 resistance. It even spiked above the $55,000 level. A high is formed near $55,770 and the price is now consolidating gains. An immediate support on the downside is near the $55,000 level. It is close to the 23.6% Fib retracement level of the upward move from the $50,366 swing low to $55,777 high. There is also a connecting bullish trend line forming with support near $53,000 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, an initial resistance is near the $55,500 level. The first major resistance is near the $56,200 level, above which the price could accelerate higher. The next major resistance for the bulls may possibly be near the $58,000 level. Any more gains could set the pace for a move towards the $60,000 level. Dips Limited In BTC? If bitcoin fails to clear the $56,000 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $55,000 level. The first major support is now forming near the $54,200 level. The next major support is near the $53,000 level and the trend line. It is near the 50% Fib retracement level of the upward move from the $50,366 swing low to $55,777 high. If there is a break below the trend line support, the price might decline towards the $50,000 level and the 100 hourly SMA. Technical indicators: Hourly MACD – The MACD is still moving in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 50 level. Major Support Levels – $55,000, followed by $53,000. Major Resistance Levels – $55,500, $56,200 and $58,000.
Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.
The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
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