Category: Cryptocurrency News

Crossover Markets Group Inc. is being launched by two former Jefferies FX brokers, and aims to make a splash in the institutional crypto investment scene.

The bill will now be carried with support to the Senate for passing before a final sign-off into law by Governor Hochul.

Ethereum started another decline from the $3,030 resistance against the US Dollar. ETH even spiked below $2,800 and currently attempting an upside correction. Ethereum started a major decline below the $2,950 and $2,860 support levels. The price is now trading below $2,950 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,800 support to start a decent recovery in the near term. Ethereum Price Restarts Decline Ethereum failed to gain pace for a move above the $3,030 resistance. ETH formed a top and started a major decline below the $2,950 support. There was a sharp move below the $2,900 level and the 100 hourly simple moving average. Ether price even spiked below the $2,800 support zone. A new weekly low is formed near $2,766 and the price is now consolidating losses. It recovered above the $2,800 level. There was a break above the 23.6% Fib retracement level of the recent decline from the $3,041 swing high to $2,766 low. On the upside, an initial resistance is seen near the $2,860 level. The next major resistance is near the $2,900 level. There is also a key bearish trend line forming with resistance near $2,910 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $3,041 swing high to $2,766 low. Source: ETHUSD on TradingView.com A clear move above the $2,910 resistance might start another increase. The next major resistance on the upside might be $2,950. Any more gains may perhaps send the price towards the $3,030 resistance. More Losses in ETH? If ethereum fails to gain pace above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,800 zone. The first major support is near the $2,765 level. If there is a downside break below the $2,765 support, the price could start another decline. The next key support is near the $2,650 zone, below which there is a risk of a move towards $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is well below the 50 level. Major Support Level – $2,765 Major Resistance Level – $2,910

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“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev.

Bitcoin failed to gain pace above $40,700 and declined against the US Dollar. BTC traded to a new weekly low and might struggle to climb above $39,200. Bitcoin started a fresh decline after it failed to clear the key $40,700 resistance zone. The price is now back below $39,000 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support near $39,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be capped near $38,800 or $39,200. Bitcoin Price Declines Sharply Bitcoin price attempted a clear move above the $40,500 level. However, BTC failed to clear the $40,700 and $40,750 resistance levels. A high was formed near $40,776 and the price reacted to the downside. There was a sharp decline below the $40,000 level and the 100 hourly simple moving average. Besides, there was a break below a connecting bullish trend line with support near $39,500 on the hourly chart of the BTC/USD pair. Bitcoin is now back below $39,000 and the 100 hourly simple moving average. It traded as low as $37,672 and is currently consolidating losses. It is testing the 23.6% Fib retracement level of the recent decline from the $40,776 swing high to $37,672 low. An immediate resistance on the upside is near the $38,800 level. The next key resistance could be near the $39,200 zone. The 50% Fib retracement level of the recent decline from the $40,776 swing high to $37,672 low is also near the $39,250 zone. The main resistance is now forming near the $39,550 level and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com If there is a clear move above the $39,200 and $39,550 levels, the price could start a decent increase. In the stated case, the price could even surpass the $40,000 resistance. The next major resistance may perhaps be near the $40,700 zone. More Losses in BTC? If bitcoin fails to clear the $39,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $37,650 level. The next major support is seen near the $37,500 level. A close below the $37,500 support zone might start another decline. In the stated case, the price might drop to $36,200. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level. Major Support Levels – $37,650, followed by $37,500. Major Resistance Levels – $39,200, $39,550 and $40,000.

An Austin resident is a proud homeowner after securing a loan denominated in USDC stablecoin over the Polygon network by using their credit score.

Hey, redditors of the world! Right now due to war in Ukraine thousands of developers have lost their jobs. I with my fellow coworkers from Ukraine have created a community of mid to senior level developers (DeFi, web-dev, ML, etc.) of more than 1200 people. The main asset of our community is speed – we…
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Three cryptocurrency exchange-traded funds (ETFs) scheduled to launch on the Cboe Australia exchange today were delayed due to “checks” still being undertaken.

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