Tag: Key

Bitcoin and gold are smashing through key levels. Here’s what’s driving the moves

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While the U.S. equity market pulls closer to new highs, investors are also bidding up the centuries-old asset of gold and the new digital coins that have been touted as the yellow metal’s replacement. Both gold and bitcoin kicked off the week by hitting new milestones — spot gold hit a record high above $2,100 per ounce, and bitcoin topped $42,000 to hit its highest level since April 2022. The recent gains have been more dramatic in bitcoin, which is now up more than 150% for the year. The digital…

Bitcoin Cash Price Pumps Over 10% But $255 Is The Key To More Gains

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Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone. Bitcoin cash price started a fresh surge above the $232 resistance. The price is trading above $245 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $255 resistance zone. Bitcoin Cash Price Rallies…

Ethereum price rallies toward key resistance but is ETH’s strength sustainable?

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Ether (ETH) is trading higher on Dec. 1, despite its inability to breach the $2,100 resistance. This level has prompted several rejections in the past three weeks, which is especially concerning given Ether’s 16.2% gains in November. Ether 12-hour price index, USD. Source: TradingView However, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of Ethereum’s ecosystem, driven by layer-2 solutions. ETH benefits from ETF expectations and negative news related to competing blockchains A pivotal development occurred on Nov. 30, with the…

Republicans’ Leadership Squabbles Delayed U.S. Crypto Bills Until 2024, Key Lawmakers Say

“That, I think, set us back a little bit,” echoed Sen. Cynthia Lummis (R-Wyo.) at the same event. Lummis, who has been pressing her own wide-ranging crypto legislation in the Senate, also suggested that the stablecoin bill, specifically, will make more progress next year. “That is an area that could come early in 2024.”Rep. Jim Himes (D-Conn.), who has also occupied a leading role in the House negotiations for both bills as the committee’s top Democrat Rep. Maxine Waters (D-Calif.) withdrew support, suggested the industry needs to counter what House…

Algorand Expands Its Presence in India with Key Partnerships

Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA).  Blockchain protocol Algorand (ALGO) has announced its expansion into India through major collaborations with prominent organizations including NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Algorand’s Impact Strengthened by New Collaboration Under collaboration with NASSCOM, Algorand aims to harness the Web3 capabilities of the youth through the FutureSkills Prime skilling hub. This initiative will contribute to the development of a skilled workforce…

Ethereum Price Rally In Jeopardy? Key Supports To Watch Out In Short-Term

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Ethereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the near term. Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the 100-hourly Simple Moving Average and then $2,075.…

Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move

The XRP price keeps being projected to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally.  Three Determinants For A “Parabolic Move” In a post shared on his X (formerly Twitter) platform, crypto analyst JD noted that XRP’s monthly was coming. He went on to state three things that “need” to happen if XRP is to see a massive rally. The first factor he highlighted was…

Ethereum Price Recovers, Why 100 SMA Is The Key To Fresh Increase

Ethereum price recovered from the $1,985 zone. ETH is showing positive signs and might rise further if it clears the $2,075 resistance. Ethereum is recovering higher from the $1,985 zone. The price is trading above $2,040 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the 100-hourly Simple Moving Average. Ethereum Price Eyes Fresh Increase Ethereum price spiked before…

Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance

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A new working paper by Bitcoin advocates and the former head of the Electric Reliability Council of Texas (ERCOT) identifies Bitcoin mining as a key tool for clean energy and balancing the grid. In a new academic paper called “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” the authors suggest that cryptocurrency can aid in the integration of renewable energy. The authors provide a compelling case that demonstrates how Bitcoin miners have been instrumental in demanding response programs, offering unique capabilities as flexible and controllable…

Ethereum Bears Keep Pressing, Why ETH Price Might Revisit This Key Support

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Ethereum price is moving lower from $2,130. ETH is showing a few bearish signs and might decline toward the $1,920 support zone. Ethereum is slowly moving lower below the $2,060 zone. The price is trading below $2,060 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $1,920 support zone. Ethereum Price Extends Decline Ethereum price started a fresh decline after it struggled…