The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples. Source
Russian Banks Raise Key Rates to 20% in Desperate Measure to Save Ruble
Tag: Key
Bitcoin Surges to $40,000 After Breaking Key Resistance
The fear of missing out (FOMO) was at its peak as the price for Bitcoin rose above $40,000. The cryptocurrency started a nervous weekend at around $39,000 on Feb 26 after a one-day spike briefly noticed USD 40,000 return to fame just a day ago. After a day of high volatility, Bitcoin was relatively calm on Saturday. After trading as high at $40,330 over at Bitstamp, there are now signs that the market may be stabilizing for good this time around, with more positive news coming out from Cointelegraph Markets…
Terra LUNA price nears key level after rallying 45% this week
A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback. Descending channel risks LUNA decline LUNA has been trending lower inside a falling channel—made up of two parallel descending trendlines—since December 2021. In doing so, the Terra token typically tests the lower trendline as support for a rebound to the upper trendline, as shown in the chart below. LUNA/USD daily price chart featuring falling channel. Source: TradingView Similarly, a pullback from the upper trendline sends the price…
Bitcoin Reverse Losses, But Why $40K Still Is The Key
Bitcoin found support near $34,300 and started a strong recovery against the US Dollar. BTC climbed above $38,000, but it is still struggling near $40,000. Bitcoin found support near the $34,300 and $34,500 levels. The price is trading above $38,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $37,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further if there is a clear move above $39,500 and $40,000. Bitcoin Price Gains Momentum…
Crypto Tax Compliance Remains Minefield as IRS Leaves Key Questions Unresolved
A lack of guidance on everything from staking rewards to NFTs means there’s a certain amount of guesswork involved in tax filings. Source
Five key takeaways from the official Indian crypto ads guideline
The Advertising Stands Council of India (ASCI) released a set of 12 guidelines for promotions and advertisement of virtual digital assets (VDA), including cryptocurrencies, on Wednesday. The chief advertising watchdog has developed the new guideline after extensive consultation with the stakeholders of the crypto ecosystem as well as the government, ASCI said. The advertising guidelines also mark the first legal framework related to the digital asset market in the country at a time when the government is yet to finalize the crypto bill. The new crypto advertising framework is set…
Web3 might be crypto’s key to the mainstream market
2021 has been a significant year for crypto with no fungible token (NFT) being awarded word of the year, decentralized finance (DeFi) trending in the mainstream media and crypto companies making headlines for a variety of announcements. This is, no doubt, in part due to the effects that COVID-19 has had on the economy, with many looking for new ways to diversify their finances and a move to working from home giving people the free time to research new interests. And, many chose to get involved in crypto. As conversations…
Ethereum Drops To Key Support, Why ETH Remains At Risk
Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level. The price is now trading below $2,950 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 2,850 support. Ethereum Price Dive To Major…
Ethereum Overcome Hurdles, Why 100 SMA Is The Key
Ethereum found support near $2,830 and recovered losses against the US Dollar. ETH price could continue to rise if it stays above the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,900 resistance zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend increase if there is a clear move above $3,060. Ethereum Price Eyes…
Young, Crypto-Savvy Voters May Hold Key to South Korea's Next Election
Presidential candidates are wooing young retail investors who may decide the outcome of the upcoming election. Source