Tag: Key

Cryptocurrency vs. Stocks: Key differences explained

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Both the crypto and the stock markets are volatile and subject to external influences. However, there are also differences between them. When we’re talking about cryptocurrency vs. stocks, there is a big difference in how they are traded. Cryptocurrency can be bought at a cryptocurrency exchange, whereas you can buy stocks at the stock exchange. Of course, there are differences in the exchanges and opening hours, as previously described.  Normally, the crypto market is more volatile than the stock market. However, the stock market is also subject to volatility due…

BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

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Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session. Bitcoin BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs. On Saturday, BTC/USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49. Following four consecutive days of gains, today’s consolidation sees bulls identifying…

Bitcoin dips 3.6% from weekly highs — What are the key BTC price levels to watch?

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Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC misses out on “very bullish” daily close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping from a peak of $43,337 to lows of $41,779 on Bitstamp before recovering. At the time of writing, the pair traded at around $42,300 — still $1,000 off the highs. Enthusiasm had been clearly in evidence on Tuesday thanks to increasing publicity focused on Blockchain protocol Terra’s apparent $3…

American Consumer Protection Key to Biden’s Cryptocurrency Plan

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While the Securities and Exchange Commission and the Commodities and Futures Trading Commission have been the U.S. financial watchdogs most closely associated with cryptocurrency regulation, U.S. President Joe Biden’s executive order on the nascent asset class actually puts consumer protection front and center. Whereas the U.S. Federal Trade Commission and the Consumer Financial Protection Bureau have largely taken a backseat to the SEC and CFTC, a closer examination of Biden’s executive order on cryptocurrencies actually directs the CFPB and the FTC to more closely study how they can police cryptocurrency…

Web3 will be key to the future of China’s internet, says security regulator

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The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New Generation of Internet that is Approaching,” talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3. The article talked about the significance of forward-looking research and strategic infrastructure development. Yao predicted that Web3 will reconstruct the organizational form and business…

Bitcoin Price Eyes Another Key Upside Break Above $41.5K

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Bitcoin started a fresh increase above the $40,000 resistance against the US Dollar. BTC remains supported and might rally again above the $41,500 resistance. Bitcoin reclaimed the $40,000 level and might continue to rise. The price is trading above $40,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but the bulls might remain active near the $40,000 zone. Bitcoin Price Remains Elevated…

Bitcoin Breaks $40K, Key Upside Break Suggests Trend Change

Bitcoin started a major increase above the $40,000 resistance against the US Dollar. BTC might correct lower, but downsides could be limited below $40,000. Bitcoin was able to clear the $40,000 resistance and entered a positive zone. The price is trading above $40,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $39,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but there is a key support forming near the $40,000 zone.…

Why REQ, MFT and KEY rallied over 20%

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Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether to outlaw proof-of-work cryptocurrencies, which was ultimately rejected.  Despite these pressures, however, several cryptocurrency projects have managed to post gains in excess of 20% on March 14, thanks to new partnerships and protocol updates. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Request Network (REQ),…

Environmental sustainability key sticking point in EU MiCA bill

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The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA). A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU. Although…

Bitcoin Key Indicators Suggest Strengthening Case For More Downsides

Bitcoin gained bearish momentum below $40,000 against the US Dollar. BTC is at risk of more downsides towards the $37,200 and $36,600 levels. Bitcoin started another decline below the $40,000 and $39,000 levels. The price is trading below $39,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $39,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down unless the bulls able to push the price above $39,550. Bitcoin Price Extends…