Category: Cryptocurrency News

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

Poland’s data protection watchdog has confirmed it has opened an investigation into OpenAI over a complaint it received from an applicant.

Hi all. I thought I'd just do a basic recap on BTC of the last month! It's been pretty flat, hasn't it. Despite FED meetings, doubts around Binance and if they will continue to trade in various parts of the World, XRP continuing to piss off the SEC, and the SEC's multiple on-going legal proceedings…
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Experts remain divided on when the next bull market is set to kick off, but they all agree on one thing: the next big rally won’t look like the last one.

The decades old ‘NSA created Bitcoin’ theory has again made the rounds on social media, with one Bitcoin advocate adding more weight to his ongoing theory.

Chainlink’s LINK price recovered above the $6.50 resistance. The price is now correcting gains, but it might find bids near $6.40 and could start a fresh increase. Chainlink price is showing positive signs above $6.5 against the US dollar. The price is trading above the $6.50 level and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.40 support. Chainlink (LINK) Price Turns Green After a steady decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price recently started a fresh increase, like Bitcoin and Ethereum. The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to pump the price above the $6.50 level and the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.00 zone. A high is formed near $7.03 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. LINK is still trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. Source: LINKUSD on TradingView.com If there is a fresh increase, the price might face resistance near $6.80. The first major resistance is near the $7.00 zone. A clear break above $7.00 may possibly start a steady increase toward the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price could revisit $7.85. More Losses? If Chainlink’s price fails to climb above the $6.80 resistance level, there could be a downside extension. Initial support on the downside is near the $6.50 level. The next major support is near the $6.40 level, below which the price might test the $5.90 level. Any more losses could lead LINK toward the $5.75 level in the near term. Technical Indicators 4 hours MACD – The MACD for LINK/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $6.50 and $6.40. Major Resistance Levels – $6.80 and $7.00.

China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto.

Ethereum price gained bearish momentum below $1,620 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,540. Ethereum declined further below the $1,600 support zone. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down and test the $1,540 support in the short term. Ethereum Price Takes Hit Ethereum’s price started a fresh decline from the $1,660 and $1,670 resistance levels. ETH declined below the $1,620 support level to enter a bearish zone and underperformed Bitcoin. The bears even pushed the price below the $1,600 support and the 100-hourly Simple Moving Average. A low is formed near $1,568 and the price is now attempting a recovery wave. There was a move above the $1,580 level. The price is testing the 23.6% Fib retracement level of the recent decline from the $1,660 swing high to the $1,568 low. Ether is now trading below $1,620 and the 100-hourly Simple Moving Average. There are also two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,600 level and the first trend line. The next resistance is near the $1,610 level, the second trend line, and the 100-hourly Simple Moving Average. The trend line is also near the 50% Fib retracement level of the recent decline from the $1,660 swing high to the $1,568 low. Source: ETHUSD on TradingView.com A close above the $1,620 resistance might send the price toward the $1,650 resistance. The next major barrier is near the $1,660 level. A close above the $1,660 level might send Ethereum further higher toward $1,750. More Losses in ETH? If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,565 level. The next key support is $1,540. A downside break below $1,540 might accelerate losses. In the stated case, there could be a drop toward the $1,440 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,540 Major Resistance Level – $1,620