Day: January 16, 2024

Binance and Gulf Innova’s Thailand Crypto Exchange Open for Trading

“With the full operation of Binance TH by our Thai joint venture to the general public in Thailand, we will uphold our unwavering commitment to security, transparency, and service quality. Blockchain technology and digital assets carry the power to bring about financial inclusion,” Richard Teng, CEO of Binance, added in a release. “This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” Source

UNI Price Prediction – Uniswap Momentum Reignites, 15% Lift-off Possible

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UNI price is moving higher from the $5.65 support. Uniswap is up 5% and it seems like the bulls could aim a fresh surge toward the $8.00 zone. UNI started a fresh increase above the $6.00 and $6.20 resistance levels. The price is trading above $6.50 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is showing bullish signs and might rally if…

Ethereum Price Rangebound – Can ETH Pump Again To Retest $2,700?

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Ethereum price corrected lower and tested the $2,440 support. ETH is now trading in a range and facing hurdles near the $2,550 and $2,585 levels. Ethereum is attempting a fresh increase from the $2,450 level. The price is trading just above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $2,550 and $2,585 resistance levels. Ethereum Price Holds…

Bitcoin Price Consolidates Losses, Why 100 SMA Is The Key To Recovery

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Bitcoin price is struggling below the $43,500 resistance zone. BTC could start another decline if it stays below the 100 hourly SMA. Bitcoin price started a major decline from the $49,000 resistance zone. The price is trading below $43,250 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance near $43,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the $43,250 resistance zone. Bitcoin Price Turns Red Bitcoin price…

Volatility Increases Following SEC’s Spot Bitcoin ETF Approval – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) concluded the previous week at approximately $41,750, marking a 5.0% decrease from the first week of the new year with a closing value of around $43,750. The price exhibited significant volatility, primarily influenced by the approval of BTC Spot ETFs, which heightened market dynamics. The week commenced with a robust uptrend on Monday in anticipation of the approval, witnessing a 9.0% price increase and nearly reaching $47,000. Tuesday saw BTC nearing $48,000 before encountering pronounced volatility due to false news regarding the approval, causing a dip below $45,000…