Day: February 3, 2022

Bitcoin Turns Lower From Bearish Trendline; Support at $35.5K

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Bitcoin failed to penetrate critical technical resistance earlier this week and is now staring at a support level of $35,500. Prices dropped 4.6% on Wednesday after buyers failed to push through the trendline connecting highs reached in November and January. The top cryptocurrency was changing hands near $36,400 at press time, representing a 1.3% drop on the day. The reversal lower from the bearish trendline in the wake of below-50 or bearish readings on the daily and the 4-hour chart relative strength index indicate an end of the corrective bounce…

ECB, BOE Have Scant Leeway to Influence Bitcoin

Overall, the environment for risk assets, including bitcoin, is gloomy, according to Pankaj Balani, CEO of Delta Exchange. “The cryptocurrency could continue to trade sideways until bottom fishing emerges,” Balani told CoinDesk in a WhatsApp call. “That looks unlikely as long as macro factors remain bearish.” Source

How To Build A Bitcoin Mining Farm

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io This is an episode of Compass Live hosted by Compass Mining. In this livestream, Compass talks with a panel of miners about how large-scale mining farms are designed and built. All three guests explain their experiences touring and designing mining farms, from the massive Whinstone farm in Texas to off-grid mining units in Wyoming. ๐Ÿ‘ค Follow them on Twitter. โœ”๏ธ Justin Ballard: โœ”๏ธ Neil Galloway: โœ”๏ธ Chad Harris: โœ”๏ธ Jason Les: Follow our hosts on Twitter too! โœ”๏ธ Zack Voell: โœ”๏ธ Will…

How To Get in the Game

Like NBA Top Shot, the game concerns the trading of โ€œiconic highlight collectibles,โ€ and you can build up your collection or sell your NFTs on an in-game marketplace. The project is in closed beta right now, meaning you canโ€™t play it without an invitation from the NFL. The game is set to be open to the public by the end of the football season. To kick-start its launch, attendees atSuper Bowl LVI, which takes place on Feb. 13 at SoFi Arena in Los Angeles, will all be offered NFTs from…

6 Top Cryptocurrencies You Can Stake: An In-Depth Guide

Despite the crypto marketโ€™s wild volatility, holding cryptocurrency long term has proven to be an effective trading strategy when it comes to making a return on investment. According to Lookintobitcoin data, holding bitcoin has been profitable for 3,875 of its 4,182-day lifespan (92%) โ€“ hard to believe, but true. While some capitalize on market volatility by actively trading crypto, many are simply looking for a more hands-off way to grow their portfolio. Among the options available, staking assets is considered one of the top ways to earn passive income for…

Long-Term Buyers Unfazed by Bitcoin's Recent Drop to $33K

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Long-term bitcoin holders were unfazed by the cryptocurrency’s drop in the last few months. Prices for bitcoin fell to as low as $33,100 in the last week of January amid a falling sentiment for risk assets in the market, after beginning the year around the $47,500 mark. One of the biggest price drops came towards the end of January with bitcoin prices falling by $10,000 from Jan. 20 to Jan. 22., trading data shows. Since then the crypto recovered to the $38,800 mark, where it then saw resistance and then…

Crypto donations jumped nearly 16x in 2021, new report says

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2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to researchย data from The Giving platform, crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly 16x over the same period. The average crypto donations also saw a 236% increase, rising from an average of $3,109 in 2020 to $10,445 in 2021. The data further revealed that the average crypto donation…

WHY THE CRYPTO MARKET IS DOWN! (CRYPTO NEWS TODAY)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io WHY THE CRYPTO MARKET IS DOWN! (CRYPTO NEWS TODAY). Check out my private community over at Patreon – where we help each other to be more successful in the crypto market and possibly grow your portfolio to new levels. I share buy, sell, crypto holdings, and trade alerts, as well! And, we have our private Discord support group that you will be a part of, too. Come check it out! ๐Ÿ’ฐ๐Ÿ’ฐ JOIN CRYPTO.COM THRU THIS LINK – IF YOU DO NOT ALREADY…

Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report โ€“ Exchanges Bitcoin News

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Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the worldโ€™s largest digital assets exchanges, interviewed by Kommersant, are not objecting to a potential requirement to establish permanent presence in Russia in order to continue to offer services to its citizens. The idea…