Key Takeaways: In Montana, House lawmakers shot down a proposal to create a state Bitcoin reserve. Opposition was dominated by fears about the risk to taxpayer money or speculation. The bill’s defeat also underscores challenges to securing widespread legislative support for crypto adoption. The rejection of House Bill No. 429 in Montana, which would have established an official…
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Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s efforts to counter BRICS nations’ impact on […]
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Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move, outperforming Bitcoin. ETH gained pace above the $2,750 and $2,850 resistance levels. The price even spiked toward $3,000 before the bears appeared. There was no upside continuation and the price corrected gains. There was a move below the $2,850 support. The price traded below the 50% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD. It is close to the 61.8% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. On the upside, the price seems to be facing hurdles near the $2,820 level. The first major resistance is near the $2,850 level. The main resistance is now forming near $2,880 or $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,120 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,850 resistance, it could start another decline. Initial support on the downside is near the $2,780 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,850
OKX Ventures’ founder Jeff Ren told Cointelegraph that fund-worthy crypto startups are ones that combine solid tech with an ability to adjust as the market evolves.
Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone. Bitcoin started a fresh decline from the $99,500 zone. The price is trading below $97,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips Again Bitcoin price formed a base above the $95,500 level and started a recovery wave. BTC was able to surpass the $97,000 and $98,500 resistance levels. The price even cleared the $99,000 resistance level. However, the bears remained active below the $100,000 level. A high was formed at $99,481 and the price started a fresh decline. There was a move below the $98,000 and $96,000 levels. A low was formed at $94,888 and the price is now recovering. There was a move above the $95,500 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low. Bitcoin price is now trading below $97,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $96,500 level. There is also a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair. The first key resistance is near the $97,200 level or the 50% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low. The next key resistance could be $97,750. A close above the $97,750 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $99,500 level or even $100,000. Another Decline In BTC? If Bitcoin fails to rise above the $97,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level. The next support is now near the $94,200 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,400. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $95,500, followed by $95,000. Major Resistance Levels – $96,500 and $97,200.
The Czech National Bank is exploring bitcoin’s potential as a reserve asset, with its governor emphasizing the need to adapt to evolving financial markets despite crypto risks. Czech Central Bank Signals Bitcoin Interest—A Step Toward BTC Reserves? Aleš Michl, governor of the Czech National Bank (CNB), renewed discussion on social media platform X last week […]
Blockchain analytics firm Lookonchain reports Bybit bought $742 million worth of Ether using two wallet addresses between Feb. 22 and 23.
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Onchain sleuth ZachXBT and Nick Bax, a member of a white hat hacker group, both allege that eXch was used by the Lazarus Group to launder $35 million from the Bybit hack.
