Tag: Support

Bitcoin Price Starts Technical Correction, Here’s Key Support To Watch

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Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $16,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards the $16,650 and $16,500 support levels. Bitcoin Price Faces Bears Bitcoin…

Ethereum Price Gearing For Lift-Off to $1,400, Key Support In Place

Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains. Ethereum remained well supported and even cleared the $1,280 resistance zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the $1,250 and $1,230 support levels. Ethereum Price Gains Bullish Momentum…

Bitcoin Custody Firm Casa to Add Ethereum Support

The app works by leveraging crypto’s multisignature, or “multisig” functionality. Multisig is when a user needs more than one signature to spend crypto funds. A user holding bitcoin (BTC) in a Casa wallet for example, could use a “2-of-3” multisig, meaning, three private keys exist, but only two are required to spend funds. If the user loses one key, they can still access their funds with the remaining two (one of which is entrusted to and securely stored by Casa). Source

The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support – Bitcoin News

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On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB NFT assets. Opensea Integrates BNB Chain — Marketplace Users Can Now Buy and List BNB-Based NFT Assets This week, Opensea surpassed $33 billion in all-time sales according to statistics recorded by dappradar.com. On Nov. 29, 2022, Opensea revealed that the BNB blockchain will now be supported by…

OpenSea Adds Support for BNB Chain NFTs

In September, OpenSea announced it would be expanding support for additional blockchains and languages to retain its standing as the world’s largest NFT marketplace. Currently, the platform supports NFTs from Ethereum, Polygon, Klaytn, Solana, Arbitrum, Avalanche and Optimism. Source

Fresh Rally Likely If DOGE Holds This Support

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Dogecoin rallied towards the $0.108 level against the US Dollar. DOGE is correcting gains and approaching a major support at $0.090. DOGE started a downside correction from the $0.1080 resistance against the US dollar. The price is trading well above the $0.0850 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.088 support zone to start a fresh rally. Dogecoin Price…

5A Crypto Exchange Announces $5M Fund to Support Global Users

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5A crypto exchange has established a 5 million USDT fund to support global users”during this challenging period in the crypto industry,” the company said Monday. Earlier this month crypto exchange FTX filed for bankruptcy, triggering a domino effect across the already-troubled industry, prompting other firms to warn of worsening liquidity crunches. Therefore, 5A crypto exchange is trying to turn the industry tumult of the past few weeks into an opportunity. The crypto market has lost two-thirds of its value in a year and has been roiled by the collapse of…

Bybit launches $100M support fund for institutional traders

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Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling across the digital asset space. The support fund, valued at $100 million, is available to market makers and high-frequency trading institutions struggling with financial or operational difficulties following the collapse of FTX earlier this month, Bybit disclosed on Nov. 24. The funds will be distributed to eligible applicants at a 0% interest rate. To be eligible,…