Ohio introduces bill preventing state taxes on crypto payments
The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.
The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.
While Bitcoin.com News previously tapped generative artificial intelligence (AI) chatbots to forecast bitcoin’s price trajectory, this time we’ve pivoted to a hotter debate: “Will solana surpass ethereum in market dominance by 2025’s close?” 11 AI Models Weigh In: Is Solana’s Rise a Threat to Ethereum? Amplifying our prior methodology, we queried a myriad of leading […]
Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level. Ethereum is facing an increase in selling below the $2,650 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,600 and $2,650. Ethereum Price Takes A Hit Ethereum price failed to clear the $2,850 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,720 and $2,650 support levels to enter a bearish zone. The price declined over 10% and even declined below the $2,550 support zone. A low was formed at $2,458 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low. Ethereum price is now trading below $2,600 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,600 level. The main resistance is now forming near $2,650 or the 50% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low. A clear move above the $2,650 resistance might send the price toward the $2,750 resistance. An upside break above the $2,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,850 resistance zone or even $2,920 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,450 Major Resistance Level – $2,650
In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally. Ethereum Must Defend Key Price Level Ethereum, the second-largest digital asset by market cap, continues to trade in the mid-$2,000 range. At the time of writing, ETH is priced just below $2,700, offering bulls a glimmer of optimism for a potential breakout above the $3,000 resistance level. Related Reading: Ethereum Short Positions Surge 500% In 3 Months – What’s Behind The Bearish Sentiment? However, in his latest analysis, Martinez emphasized the $2,600 level as a critical price point for ETH. He added that if the digital asset falls below this level, then “altseason will be canceled.” The recent Bybit crypto exchange hack sent shockwaves across the cryptocurrency industry as hackers stole digital assets worth more than $1.4 billion. Notably, ETH accounted for the bulk of the stolen funds. Despite this, ETH held up relatively well compared to Bitcoin (BTC), according to fellow crypto analyst Daan Crypto Trades. The analyst pointed out that ETH’s ability to remain at essentially the same price level after such a massive hack is “interesting.” They added: To see ETH at basically the same level as before a $1B+ hack is pretty interesting. Would not be surprised it there’s indeed some entity buying back some of that lost ETH or people frontrunning such a thing. At some point the ETH likely has to get back somehow, whether it’s recovered or bought back. Otherwise there would not be a 100% cover of funds. Crypto analyst Ted echoed this sentiment in his own analysis of the Bybit hack. In an X post, he highlighted that not only did the hack fail to push ETH to new lows, but the cryptocurrency has already rebounded 35% from its bottom. Meanwhile, crypto trader Merlijn The Trader provided some hope for ETH bulls, sharing a three-week Ethereum chart that suggests ETH is poised to break out of a symmetrical triangle pattern for its “biggest bull run yet.” Altseason In Jeopardy? Seasoned crypto analyst Rekt Capital also weighed in, sharing a daily altcoin market cap chart that shows altcoins failing to close above key resistance levels, highlighted in red circles. They explained: Altcoin Market Cap is transitioning into this triangular market structure (blue). Alts will need to daily close above the blue lower high and then above black resistance to confirm a major trend shift. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts That said, there may still be hope for an impending altseason led by Ethereum. A recent report found that ETH reserves on crypto exchanges are at a nine-year low, which could exacerbate supply scarcity and drive up prices. At press time, ETH trades at $2,671, down 5.2% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
submitted by /u/Amazonreviewscool67 [link] [comments]
NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange.
NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange.
Bitcoin price started a fresh decline below the $95,000 support. BTC must stay above the $90,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance at $92,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $96,500 level and started a fresh decline. BTC declined heavily below the $95,000 and $94,200 support levels. The price even dived below the $92,500 level. It tested the $90,800 zone. A low was formed at $90,888 and the price is now consolidating losses. It is back above the $91,500 level and now faces hurdles near the 23.6% Fib retracement level of the downward move from the $96,483 swing high to the $90,888 low. Bitcoin price is now trading below $94,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $92,200 level. There is also a short-term triangle forming with resistance at $92,200 on the hourly chart of the BTC/USD pair. The first key resistance is near the $93,200 level. The next key resistance could be $93,650 or the 50% Fib retracement level of the downward move from the $96,483 swing high to the $90,888 low. A close above the $93,650 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance level. Any more gains might send the price toward the $95,500 level or even $96,400. Another Decline In BTC? If Bitcoin fails to rise above the $92,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $9`,500 level. The first major support is near the $90,850 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $86,400. 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 – $91,500, followed by $90,850. Major Resistance Levels – $92,200 and $93,200.
Key Takeaways: USDC and EURC became the first regulated stablecoins under Dubai’s crypto framework when they were officially recognized by the DFSA. The DIFC, a beacon of innovation in the MEASA region, can now facilitate these new use cases, allowing its companies to utilize USDC and EURC for payments and treasury management. With its progressive approach,…
Read more
submitted by /u/nickert0n [link] [comments]