Month: August 2022

BTC, ETH Drop as Key Resistance Levels Hold – Market Updates Bitcoin News

boss

Bitcoin fell lower on Friday, as the token slipped below a key resistance level during today’s session. Following a mini rally in price this week, bitcoin bears returned to action, as volatility in the market increased. Ethereum was also lower, falling back below $1,700. Bitcoin Following a mini rally this week, bitcoin (BTC), was back in the red on Friday, as the token slipped below a key resistance point. The world’s largest cryptocurrency fell to an intraday low of $21,171.79, which is nearly $600 lower than Thursday’s high at $21,744.87.…

SEC delays VanEck’s third Bitcoin spot ETF application

boss

The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded fund (ETF) by global investment firm VanEck. The company has long been trying to get the green light for what will be the first BTC ETF in America, with its first application lodged with the SEC dating back to 2017, which was eventually denied. VanEck saw a second application ruled out in November 2021 by the SEC, reasoning that the firm had not met thestandards to protect…

Large Ether Traders Position for Volatility Spike as Merge Draws Near

The strategy will make money if ether settles well beyond the $800-$3,000 range on Oct. 28, making the call or put more valuable than the initial per contract cost of $62.98. That figure is reached by adding the premium paid for one call option contract, $40.52 and one put option contract, $22.46. The total premium paid for buying the 4,000 call and put contracts is $251,920. The calculation is based on figures mentioned in the above chart. Source

Elrond (EGLD) Builds Bearish Sentiment, Will Price Coil Up To 80 Instead?

boss

The price of Elrond (EGLD) has shown little relief bounce against Tether as it continues to range in its bearish flag pattern. Although relief bounces are shown by other cryptocurrencies across the market, with some double-digit gains, Elrond’s price has struggled to crack those gains. (Data from Binance) Elrond Price Analysis On The Weekly Chart Weekly EGLD Price Chart | Source: EGLDUSDT On Tradingview.com From the chart, the price of Elrond saw its weekly bottom at $40, and the price of EGLD bounced from that region to a price of…

WARNING! Time To Leave Coinbase?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WARNING! Time To Leave Coinbase?! Dumb Money w/ Matt Kohrs 🦆 Clips Channel: 🦆 Rumble Channel: Track My Trades & Share Yours: 🚀 Public Stock Investing Sponsor: 🚀 FREE Stock, No PFOF, NO Market Makers: True Trading Group Education Partner 🚀 TTG’s Free 7-Day Trial: Track WallStreetBets w/ Tendies 🚀 Retail Sentiment Sponsor: 💎🙌🚀 Ortex (7-day Trial): 💎🙌🚀 Options Picker: 💎🙌🚀 Emoji Charting: #Coinbase #Sec #CryptoNews =============================================================================== Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS. Let me know in…

CME Bitcoin futures see record discount amid ‘very bearish sentiment’

boss

Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens.  In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of morale among BTC futures participants. Futures basis revisits June lows After an initial shock during June’s BTC price drop, which has since held as a macro bottom, Bitcoin derivatives have not been the same. After an initial bounce, metrics are trending downwards, and this month are challenging records. Futures basis — the difference between futures contract prices and…

Cryptocurrencies copying Bitcoin don’t really make the cut, experts say

boss

Cointelegraph’s Joseph Hall interviewed Bitcoin (BTC) advocates Pierre and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast, at the Surfin’ Bitcoin 2022 event held in France. The group talked about how France can attract more miners, where Bitcoin fits in terms of financial planning and the difference between Bitcoin and other cryptocurrencies.  According to Pierre, who also works at the mining firm Riot Blockchain, there are two ways for France to attract large-scale Bitcoin miners. The first is to provide assurances in terms of policies on Bitcoin mining.…

The Card Battle Heats Up in Latam, as Ripio and Bitso Both Announce Crypto-Enabled Cards – Exchanges Bitcoin News

boss

Cryptocurrency debit and credit card offerings in Latam are thriving, as two exchanges in the area are planning to launch their crypto-enabled cards. Ripio, the Argentina-based exchange, and Bitso, a Mexican exchange, both announced the future launch of their cards, in partnership with Visa and Mastercard respectively, as an answer to the rise of the popularity of crypto in the region. Crypto Cards Galore in Latam The separation of the crypto market and the traditional banking world is disappearing, as more and more banking institutions are adopting crypto and offering…