Bitcoin (BTC) registered initial downside exhaustion signals, which typically precede brief upswings in price. Still, long-term momentum remains weak, suggesting limited upside toward the $40K-$46K resistance zone. Original
The European parliament earlier today postponed a vote on a package of crypto regulations. Source
Russia’s military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling. The U.S. government has since responded to Russia’s invasion with stringent economic sanctions that have helped crypto prices rebound from their initial price collapse. Amid all the doom and gloom, there are a few voices of hope in the crypto community. Ethereum co-founder Vitalik Buterin, a Russian citizen, voiced vocal opposition to Russia’s invasion and said the country should not have abandoned the…
Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k. BTC Price Makes Sharp Recovery From Crash Due To Russia’s Invasion Of Ukraine Following the commencement of the Russian invasion of Ukraine yesterday, the price of Bitcoin took a deep plunge down as investors pulled out of the market. During this crash, the coin’s value went as low as $34.4k. However, today the value of the crypto already seems to have made some…
NFT activity is an important element in the Ethereum blockchain, accounting for most network transfers. Demand for Bitcoin in the Ethereum ecosystem has decreased dramatically since the beginning of the year. The surge in demand for NFTs and DeFi applications is helping Ethereum supporters to muffle the noise of Bitcoin maximalists who have long insisted that only the original cryptocurrency mattered most. Since the creation of the Ethereum blockchain, the case for Ether eclipsing Bitcoin has been a recurring subject in crypto. Bitcoin maximalists claim that it is still the…
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Social media seems on the brink of a transformation. Major platforms began integrating with digital assets in the form of NFTs and crypto payments. Twitter, formerly led by Bitcoin bull Jack Dorsey, appears ahead of a race that for many started years ago. Big tech is just catching up. Twitter recently allowed its users to use their NFTs as profile pic with a new feature part of their Twitter Blue initiative. Facebook, Instagram, Reddit, and other social media platforms could soon follow in the footsteps of Twitter and integrate NFTs…
BTC is etching daily higher lows and altcoins are holding on to their recent gains, suggesting that a market bottom could be in place. The U.S. equity markets and Bitcoin (BTC) have rebounded sharply from their Feb. 24 lows while gold has made a retreat from its recent highs. This indicates that investors may be buying risky assets and reducing exposure to assets perceived as a safe haven. Recent reports also suggest that Russian President Vladimir Putin may send a delegation to negotiate with Ukraine and this raises hope that the conflict…
Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s trading session. AMP AMP is currently trading over 24% higher in today’s session, climbing to its highest level since last Saturday. Friday’s rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance. The ceiling for AMP/USD lies at the $0.2950 level, and this was marginally broken, as prices rose…
Blockchain technology has begun to gain traction among sports fans and serious admirers. One thing that all regions have in common is blockchain technology. The traditional sports world is slowly but steadily changing, with blockchain as the core base. Blockchain is at the center of it all, from fan tokens and collectibles backed by NFTs to decentralizing the sports ecosystem. D.C. United announced a three-year agreement with XDC Network, a blockchain technology provider. It’s the first time an American major sports club has partnered with a blockchain network. Together, they…