Binance and OKX did not explain the reasons behind the move, which created confusion in the crypto industry. Source
Crypto Exchanges Binance and OKX Suspend Support for Solana Versions of USDT, USDC Stablecoins
Tag: Support
Ethereum price weakens near key support, but traders are afraid to open short positions
Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange. Meanwhile, Ether’s total market volume was 57% higher than the previous week, at $4.04 billion per day. This data is even more relevant considering the collapse of Alameda Research, the arbitrage and market-making firm controlled by FTX’s founder Sam Bankman-Fried. On a monthly basis, Ether’s current…
Binance Coin Shows Weakness As Price Sits On Key Support; Is $200 Possible?
BNB’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement. BNB’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. BNB’s price continues to hold $270 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA) The price of Binance Coin (BNB) has been a standout performer in recent weeks rallying from a low of $280…
Crypto stablecoin issuer Circle adds Apple Pay support
Circle, the issuer of the United States dollar-pegged stablecoin USD Coin (USDC), has added support for Apple Pay — with the intention of bringing the crypto and traditional payment systems closer together. Circle made the announcement in a Nov. 15 blog post suggesting it may boost sales for crypto-native businesses as they can facilitate traditional payments from non-crypto-using customers while enabling customers to “buy crypto with Apple Pay on their preferred exchange.” According to Circle, the addition of Apple Pay support will benefit traditional businesses by allowing them “to shift…
Renewed Bitcoin Market Swoon Has Put Price Support At $13K in Crosshairs: Technical Analysis
“From a technical perspective, bitcoin has now broken below $18,000, which was an area of support in recent weeks. The next levels to watch are $13,500, the 2019 high, and $12,500 (the 3Q20 high),” strategists at Morgan Stanley wrote in a note to clients on Friday. Source
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review – The Weekly Bitcoin News
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the rise and fall of the toppled exchange behemoth. All this and more, just below. FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’ On Nov. 10, 2022, FTX CEO Sam Bankman-Fried…
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa – Press release Bitcoin News
press release PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including regions such as Korea, South East Asia, and more. This is the first of the sequence of new investment funds from LBank Labs. Africa is one of the areas with a lot of untapped potential for blockchain expansion. With new member Czhang on board LBank Labs,…
Why The Bulls Could Protect This Crucial Support
XRP price started a major decline from the $0.50 resistance against the US Dollar. The recent collapse of FTX and FTT sparked a sharp move towards the $0.32 support. Ripple is down over 15% and there was a drop below the $0.40 support against the US dollar. The price is trading well below $0.4000 and the 100-day simple moving average. There was a break below a major contracting triangle with support at $0.455 on the daily chart of the XRP/USD pair (data source from Kraken). The pair could start a…
Ethereum Bulls Defend $1,200 Support As Price Holds; How Long Will This Last?
ETH’s price loses its $1,500 support as the price trades to a region of $1,250 before bouncing off this region. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price remains weak across all timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Previous weeks saw the price of Ethereum (ETH) and most altcoins trend higher as many produced gains of over 200%, including the price of Ethereum (ETH) rallying from a region…
Why This Support Is The Key For Fresh Increase
BNB price (Binance coin) declined heavily after the FTX collapse against the US Dollar. BNB must stay above the $300 support to start a fresh increase. Binance coin price started a major decline from the $360 resistance zone against the US Dollar. The price is now trading above $300 and the 100 simple moving average (4-hours). There was a break below a major bullish trend line with support near $338 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could start a fresh increase if…