Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Majority of Americans Believe US in Recession, Survey Shows

New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]

Bitcoin Price Falls Again: Is Bearish Momentum Returning?

Bitcoin price started another decline below the $66,500 level. BTC is gaining bearish momentum and might revisit the $63,200 support. Bitcoin started a fresh decline from the $68,500 resistance zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade toward the $63,200 support zone. Bitcoin Price Gains Bearish Momentum Bitcoin price failed to hold gains above the $66,500 support level. BTC started another decline and traded below the $66,000 support zone. There was a move below the 50% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. Besides, there was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair. The pair is now accelerating lower below the $65,000 level. Bitcoin price is now trading below $66,000 and the 100 hourly Simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. If there is a recovery wave, the price could face resistance near the $65,200 level. The first key resistance is near the $65,500 level. A clear move above the $65,500 resistance might spark another increase in the coming sessions. The next key resistance could be $66,200. The next major hurdle sits at $66,800 and the 100 hourly Simple moving average. A close above the $66,800 resistance might push the price further higher. In the stated case, the price could rise and test the $68,000 resistance. More Losses In BTC? If Bitcoin fails to recover above the $65,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,000 level. The first major support is $63,200. The next support is now near $62,500. Any more losses might send the price toward the $61,500 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 – $64,000, followed by $63,200. Major Resistance Levels – $65,500, and $66,800.

RFK Jr. praises Trump’s embrace of cryptocurrency

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

Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam

Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs.

in ethe

Should I sell my ethe shares and convert to the new eth etf? What is the penalty in sticking with ethe submitted by /u/anxietyokra [link] [comments]

What’s causing the Crash today?

I noticed ETH had a big crash overnight, anyone know what happened? Was it the NFT's? submitted by /u/Prestigious-File-993 [link] [comments]

Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser

Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […]

Analyst Warns Of A POPCAT Correction Following 230% Surge

The Solana-based memecoin Popcat (POPCAT) has been making the headlines for the past week after becoming the first cat-themed token to reach a $1 billion market cap. The token has surged over 230% in the past month, which propelled the token to a new all-time high (ATH). However, a crypto analyst has warned investors of a possible correction for the feline sensation. Related Reading: PolitiFi Memecoin Shakeout: BODEN Plummets 55% While KAMA Skyrockets 150% Following Biden Dropout POPCAT Leads The Clowder This month, Popcat has registered a remarkable performance. The token began climbing the chart on July 11, breaking above a $900 million market capitalization by July 16. That day, the Solana-based memecoin flipped Ethereum’s MOG and became the largest cat-themed token by market cap. Popcat continued its ascending trajectory, reaching a $1 billion market cap on July 20 and becoming the first ever cat memecoin to achieve this milestone. The following day, the token reached its ATH of $0.9939, according to CoinGecko data. Currently, the token is the eighth-largest memecoin by market cap, sitting above Cat in a dogs world (MEW) and MOG. MEW has also seen a remarkable performance in the past week, with a 98.2% surge in the last seven days. During Q2, the cat-themed tokens saw massive growth and infiltrated the top 10 memecoin list. Moreover, a CoinGecko survey revealed the category became the 14th most popular crypto narrative in the second quarter. Is A Correction Looming? Following its recent performance, some crypto analysts and investors considered that “Popcat is looking good.” Team Lambo Charts shared on X that the memecoin had “another fresh breakout done” earlier today. Per the post, the token broke out of the downtrend line after successfully retesting the $0.84 mark. If the cat-themed memecoin continues to hold above this price range, the analyst believes a retest of the $1 resistance level is possible. Based on this, he set an initial $1.08 target “for the overall 25% move short term.” VikingXBT, another market watcher, also commented on the token. To him, Popcat’s performance following its ATH “makes sense on the lower timeframe.”  The analyst pointed out that the token “hit the psychological target a lot of people had.” He stated that the current retraces and retest of the old resistance are “molto buono.” Additionally, he suggested that investors embrace themselves “with a bit of patience” while the token resumes its climb. Nonetheless, not all analyses are confident about the memecoin’s recent performance. On Monday, renowned analyst Altcoin Sherpa shared his thoughts on X. Per the analyst, the chart “looks decent still but would be concerned if this prints a lower high/shoulder.” Sherpa thinks that if it happens, and Popcat starts to sell off, “all cat beta is going to die.” However, the analyst clarified he’s still bullish for now as he believes that cat-themed memecoins “will do pretty well and play catch up.” Related Reading: Ethereum ETFs Launch About To Kickstart The Altseason? Analysts Weigh In As of this writing, the largest cat-themed cryptocurrency registers a 12% and 27% increase in the daily and weekly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com

Andreessen, Horowitz criticize Biden’s crypto regulations, reveal why they backed Trump

submitted by /u/Consistent-Revenue61 [link] [comments]

Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal

The Bitcoin-based cashback app will go public on the Nasdaq after a SPAC deal that’s expected to wrap up by the end of this year.