Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin (BTC) is trading at $9,687 representing a 0.87% loss in value in the last 24 hours and 1 % for today’s session Looking at performance relative to its peers, Ether (ETH) and XRP are both underperforming versus Bitcoin at the moment. Ether, the second-biggest cryptocurrency by market capitalization, being down 1.29% and XRP 1.22% in the last 24 hours. But both have outperformed Bitcoin this week with ETH up a notable 9% over the last seven days. Bitcoin dominance remains at 65% and continues to lose ground following a…

Ethereum Trading Near Crucial Juncture And 100 SMA Holds The Key

Ethereum is trading in a tight range above the $240 support against the US Dollar. ETH price likely to accelerate higher above the $245 and $250 resistance levels in the near term. Ethereum is trading above a major support and pivot area at $240. The price is likely to surge if it clears the $245 resistance and the $250 barrier. There is a major contracting triangle forming with resistance near $244 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either rally above the $245 level…

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

Bitcoin just saw a harsh $1,500 rejection at one of the most important resistance levels in the asset’s history. Though analysts remain long-term bullish, with one going as far as to say that market “fireworks” are in this market’s sights. Related Reading: Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull Case Bitcoin Primed to See “Fireworks,” On-Chain Analysis Shows According to Hans Hague, a senior quantitative analyst at crypto-asset fund Ikigai Asset Management, Bitcoin is currently in ‘heavy accumulation.” He indicated that by pointing to…

Key DeFi Ecosystem Problems, Explained

The DeFi market is made up of many different actors and subsectors, some of which simply don’t exist in traditional finance. While a large majority of participants include lenders looking to loan out assets, borrowers looking for quick access to those assets and exchanges that can act as a medium for lenders and borrowers, there are a number of other important facets and solutions. These include peer-to-peer marketplaces, the tokenization of real-world assets such as real estate and art, prediction markets, staking and collateral, alternative savings with interest earning mechanisms…

Bitcoin Smashes $10K: Key Reasons Why BTC Could Correct Before Fresh Increase

Bitcoin is up more than 5% and it broke the main $10,000 resistance against the US Dollar. BTC price could correct lower in the short term towards $9,950 before it starts a fresh increase. Bitcoin rallied recently and broke many key hurdles near $9,950 and $10,000 (as discussed yesterday). The price traded to a new weekly high at $10,371 and it is currently correcting lower. There is a key connecting bullish trend line forming with support near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

Ethereum Just Saw Key Technical Breakout: Break Above $250 Seems Likely

Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels. Ethereum started a downside correction from the $250 resistance zone. The price corrected below the $240 level, but it found support near the $230 level. There is a major bullish trend line forming with support near $232 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above the $245 and $250 resistance…

Key Indicator: Bitcoin and Other Top Cryptos Are Printing “Perfect Sell Setups”

After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high. Ethereum has fared even better, with the asset pushing 10% higher within a 24-hour time period this weekend. This recovery has convinced many traders that the crypto market is on the verge of a full-fledged bull run, but a key indicator is suggesting a “perfect sell setup” has formed. Bitcoin &…

Key Indicator: Bitcoin and Other Top Cryptos Are Printing “Perfect Sell Setups”

After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high. Ethereum has fared even better, with the asset pushing 10% higher within a 24-hour time period this weekend. This recovery has convinced many traders that the crypto market is on the verge of a full-fledged bull run, but a key indicator is suggesting a “perfect sell setup” has formed. Bitcoin &…

Regulator and Industry Coordination Key to Swift Implementation

“Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many societal strands, including endeavors of profit, community initiatives and far-reaching government policies. When navigating uncharted territory, such as the handling of technological innovation from a regulatory perspective, different stakeholder groups must resist the urge to remain siloed in their strategies and lean into Ford’s vision for shared success. The art of enacting…

Sony’s Messaging on One Key PS5 Feature Is Confusing – And We Deserve Answers

Sony will require all PS4 games submitted for certification after July 13 to be PS5 compatible. The mandate raises questions about the backward compatibility capabilities of the next-gen console. Sony desperately needs to clarify its PS5 backward compatibility messaging or risk confusing would-be owners further. Sony is reportedly mandating that all PS4 games submitted for certification after July 13 must also work on PS5. The news comes courtesy of a report from Eurogamer. The outlet explains that Sony communicated the new rule to developers via PlayStation’s internal partner site. All…