Category: Cryptocurrency News

submitted by /u/DetroitMotorShow [link] [comments]

submitted by /u/CryptoBULLLL [link] [comments]

Biconomy, a cross-chain transaction infrastructure platform, announced today integration with Moonriver, an Ethereum-compatible smart contract blockchain environment on the Kusama (KSM) network. Moonriver is intended to function as the “canary network” for Moonbeam on Polkadot, meaning that the new code would ship to Moonriver first, where it can be tested and verified under real economic…
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Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone.

You get your friend setup with a wallet and give them some ETH. They ask, "Now what??". What are the apps or daos or products you tell them about? They arent interested in defi yet, they just need to get their feet wet. What are simple apps or communities that will make sense to new…
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Without consensus on its implications, the Evergrande potential default has impacted the traditional market, and Bitcoin. The first cryptocurrency by market cap started the week with a correction with risk to trend further down. At the time of writing, Bitcoin trades at $43,462 with a 9.1% and 6% loss in the daily and weekly chart, respectively. Bitcoin Holds On To Critical Support Pseudonym analyst IncomeSharks claimed that Bitcoin could be at the beginning of a correction. The analyst looked at BTC’s On Balance Volume (OBV), a metric used to measure momentum. Related Reading | Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead As seen below, Bitcoin has been moving sideways on its OBV since it moved to the upside at the end of July. This coincides with BTC breaking out from its former range, and its current price action. If Bitcoin break to the downside on its OBV, bulls could face hurdles on their attempts to reclaim previous highs. In the meantime, the $40,500 to $43,000 will operate as critical support, according to analyst Daan Crypto Trades with $50,000 still operating as major resistance. This analyst said: BTC I’m seeing $40.5-50K approximately as a big range we’re in. We initially got rejected by the upper resistance area and now came back down. The entire 40.5-43.5K area should offer good support and I doubt we’d fall below that without much of a fight. Bitcoin Indicators Favor The Bulls Despite the current price action and the macro-economic elements that suggest more downside, Bitcoin seem to show strength on some of its fundamentals. Part of the reason for the crash, according to a Glassnode report, is some BTC holders taking profit on upper levels. Since late July, the market has consistently realised net profits on the order of around $1B per day as prices rallied from $31k to over $52k. This suggests a relatively meaningful bid has supported the market on the way up. An important metric that has favored the bulls is the amount of Bitcoin sitting on exchange platforms. Standing at a 13% of BTC total supply, a new multi-year low according to Glassnode, the metric has continued to trend downwards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course As seen below, the amount of BTC on exchanges returned to levels last seen in February 2018. This was followed by a period of consolidation before Bitcoin gather enough strength to score a fresh all-time high.

Because they are selling at the first dip, FUD, and nothingburger news. I've been in crypto for over 8 years, and I see new people always assume that if they had entered crypto in early 2017, or even in 2012, they'd be rich now. They probably wouldn't. I'm not. They would have sold at the…
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submitted by /u/0xstark [link] [comments]

Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month.