Tag: Support

Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry

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Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors’ primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a meaningful impact after a Celsius bankruptcy examiner report showed that “Tether’s exposure…

Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

Bitcoin price failed to settle above $23,500 and corrected lower. BTC is trading above $22,400, but it is now trading below the 100 hourly SMA. Bitcoin is slowly moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $23,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $23,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin…

Bitcoin Back Above $23,000 Once Again, Altcoins Support Rally

Aptos led the rally in altcoin space jumping by more than 40% in a day amid huge whale accumulation. The world’s largest cryptocurrency Bitcoin (BTC) continues to see more buying interest as the BTC price spikes above $23,000 once again, some altcoins follow this tendency. As of press time, BTC is trading 1.4% up at a price of $23,050 and a market cap of $443 billion. CryptoQuant CEO Ki Young Ju noted that Bitcoin has entered an early bull phase. As per on-chain PnL-related indicators such as MVRV ratio, most…

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News

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Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported a bill on Tuesday designed to enforce the latest global bank capital rules. Reuters noted in a report that the lawmakers have also incorporated…

Cardano (ADA) to Launch Eopsin – a Pythonic Programming Language, Robinhood to Add Dogecoin (DOGE) Support Soon, Snowfall Protocol (SNW) Announces Its Release in February

Place/Date: – January 25th, 2023 at 2:05 pm UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market is in a state of flux as we enter 2023. With new developments and announcements being made on a regular basis, it can be difficult to keep track of the latest happenings in the crypto world. However, three projects that are currently making waves in the crypto community are Cardano (ADA), Dogecoin (DOGE), and Snowfall Protocol (SNW). Cardano (ADA) Introduces Eopsin to Make dApp Development Seamless Cardano (ADA) is making waves…

Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Ethereum started a downside correction below $1,600 against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,480 support. Ethereum is showing a few bearish signs below the $1,600 and $1,580 levels. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover if it stays above the $1,500 and $1,480 support…

Bitcoin Price Just Saw Technical Correction But Key Uptrend Support Intact

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Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500. Bitcoin started a downside correction and declined below the $23,000 support zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Tests Key…

80% Of Uniswap Holders Support BNB Chain For V3 Protocol

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Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book. For the v3 launch, the protocol carried out a ‘temperature test’ for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens. Surprisingly, about 80% of…

80% Of Uniswap Holders Support BNB PoS Chain For Deploying V3 Protocol

Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book. For the v3 launch, the protocol carried out a ‘temperature test’ for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens. Surprisingly, about 80% of…