Tag: Support

Bitcoin Fate Hangs On $25,400 Support, $20,500 Looms As Potential Bottom

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Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, is displaying persistent indications of an ongoing downtrend. Currently oscillating between the $26,000 level and the $25,800 mark, it is edging closer to a crucial support level at $25,400.  The significance of this threshold cannot be overstated for BTC bulls, as it holds the potential to halt the ongoing decline. Bitcoin Faces Crucial Levels, Analyst Warns Of Potential Dip Bitcoin finds itself at a critical juncture as it tests a crucial support level, according to renowned crypto analyst Ali Martinez.…

Altcoin Season In Limbo As Bitcoin Dominance Holds Key Support

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Market observers are closely eyeing the tussle between Bitcoin and its altcoin counterparts. Bitcoin’s dominance, a critical indicator of its market influence relative to the entire crypto market, has reached a pivotal crossroads. This juncture holds the potential to determine whether this year’s trend of Bitcoin outperforming altcoins will persist or if the heralded “altcoin season” is on the horizon. Bitcoin Dominance (BTC.D) stands as a percentage value that calculates Bitcoin’s market capitalization against the entire global crypto market capitalization. This metric has garnered substantial attention due to its role…

Will $0.5 Support Trigger a Correction Shift?

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XRP, the cryptocurrency associated with Ripple, faced a tumultuous ride in recent weeks as its price witnessed a significant downturn. However, an interesting turn of events has unfolded as the coin found solace at a crucial support trendline coinciding with the psychological level of $0.5.  This fortuitous alignment has offered XRP bulls a potential launching pad for a counteroffensive, raising questions about the possibility of a recovery. The value of XRP soared after a groundbreaking legal verdict that classified the token as not being a security in the protracted legal…

Coinbase lists SEI; TOADS soars 450% as DigiToads supporters look at Binance for support

The listing of Sei (SEI) on Coinbase drove prices and trading volumes higher. Sei is a platform for trading crypto assets, and SEI enables on-chain transactions and paying fees. DigiToads is also drawing investor attention as TOADS, its native token, is already up 450%. DigiToads, with its features and tokenomics, is considered one of the best coins to invest in among meme coin enthusiasts. TOADS remains attractive to users due to its high utility and meme nature. Because of TOADS’ quick popularity, crypto enthusiasts wonder if it will also list in…

OpenSea Will No Longer Support NFTs Minted On This Blockchain

In November last year, NFT marketplace Opensea announced that the Binance Smart Chain Chain (BSC) was one of the several blockchains it was adding support for. However, that collaboration seems to be ending less than a year after. OpenSea To End Support For BSC NFTs In an announcement on the X (formerly Twitter) platform on August 17, the NFT marketplace stated that users would no longer be able to list or buy NFTs minted on the BSC chain. However, users “will still be able to view, discover, and transfer BSC…

Elon Musk Shows Public Support For Pro-Crypto Presidential Candidate

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X (formerly Twitter) owner Elon Musk is known to have an underlying interest in politics and cryptocurrencies. And this time around, the world’s richest man has showered praises on a pro-crypto candidate.  Elon Musk Compliments Pro-Crypto Ramaswamy Elon Musk revealed his admiration for Republican Presidential Candidate Vivek Ramaswamy in response to a clip of Ramaswamy’s appearance on Tucker Carlson’s online show posted on the X platform. In the tweet, Musk labeled him “a very promising candidate.” This isn’t the first time the world’s richest man has shown public support for…

Tether discontinues USDT support on Bitcoin, Kusama, and Bitcoin Cash

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has announced modifications to its USDT issuance strategy, discontinuing support on the Bitcoin, Kusama, and Bitcoin Cash while indicating potential future collaborations. Tether, the issuer of the stablecoin USDT, has announced significant changes to its support on various blockchains. After an extensive evaluation focusing on security, customer service, regulatory compliance, and overall oversight, Tether halted support for USDT on the Bitcoin(BTC), Kusama(KSM), and Bitcoin Cash(BCH) platforms. The company cited insufficient traction as the primary reason,…

Bitcoin Plunges To $28,500, Will This Historical Support Hold Again?

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Bitcoin has plunged toward the $28,500 mark during the past day, which happens to be quite near a historically significant support line. Bitcoin Is Now Near The Short-Term Holder Realized Price As pointed out by an analyst in a CryptoQuant post, BTC’s latest drawdown has brought it near the realized price of the short-term holders. The “realized price” here refers to a metric that’s derived from the “realized cap” model of Bitcoin. The realized cap calculates the total valuation of the asset by assuming that the actual value of any…

Bitcoin support levels to watch as BTC price aims at $28K

Bitcoin (BTC) is struggling to avoid further losses this week as an extended sideways trading period risks ending in a breakdown. BTC price action, long constricted by resistance above $30,000, is looking increasingly unstable, data from Cryptox Markets Pro and TradingView shows. The latest Federal Reserve minutes served to sharpen Bitcoin bears’ game on their release on Aug. 16, with buyside interest declining to send BTC/USD to near two-month lows of $28,300. Given the narrow trading range in place since June, the drop was significant, even if totaling less than $1,000…