Tag: Support

ETH price risks 20% drop if key support level breaks

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Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion, but is also in danger of breaking below a key technical support level.  ETH slides vs. BTC in second half of January The ETH/BTC pair declined nearly 9.25% on Jan. 24 from its local top of 0.0779 BTC established on Jan. 11. Since the start of the year, Bitcoin is slightly outpacing Ether in USD terms, rising 38% versus 35%, respectively. ETH/BTC daily candle price chart. Source: TradingView Interestingly, Ether’s pullback versus Bitcoin has landed its price…

Elon Musk Defends His 2018 Tweets of Taking Tesla Private and Support from Saudi Investors

During his testimony, Elon Musk said that he indeed had support from Saudi investors who later backpedaled from their commitment. On Monday, January 23, Tesla chief Elon Musk testified before the jurors adding that he indeed had support from Saudi’s sovereign wealth fund for taking Tesla private. Besides, he also spoke about using his own share in his space rocket company SpaceX to fund this buyout. During his trial in the San Francisco federal court, the billionaire shared details about the matter. “With SpaceX stock alone, I felt funding was…

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain

CryptoX – Cryptocurrency Analysis and News Portal Uniswap, like other decentralized exchanges (DEXs), relies on smart contracts to match trades and supply liquidity between traders. It locks up over $3.4 billion worth of various tokens across five blockchains, with V3, the latest iteration, commanding $2.6 billion of that figure, according to DeFiLlama. Source The post Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain appeared first on CryptoX. CryptoX Portal

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K

Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature CEO DePaolo said at a New York conference hosted by investment bank Goldman Sachs. Source

Will Dogecoin Dip To Local Support As Coin Trades Sideways?

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Dogecoin started losing value as soon as it fell outside its ascending parallel channel. At the moment, Dogecoin is trading laterally. Over the last 24 hours, DOGE went up by 0.3%, which confirms that the coin was stuck in a consolidated price region. Last week, Dogecoin brought in close to 4% gains. The technical outlook for the Dogecoin price depicted that bearish momentum had set in. Demand and accumulation for the meme-coin depreciated when it started to trade sideways. The meme coin noted a price pullback after it breached the…

BlockchainSpace Makes an Exceptional Move for Web3 Community Support with Metasports Acquisition

BlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years. BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, is confident that 2023 will be a banner year following the majority acquisition of Intellectual Property (IP) House, Metasports. Peter Ing, Chief Executive Officer and Founder of BSPC, believes the synergistic partnership with…

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News

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The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in Digital Euro Development, Says Many Decisions Are Political Finance ministers of the EU member states that have adopted the common European currency, the Eurogroup, met on Monday in Brussels to mark Croatia’s accession to the…

Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance

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Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin traders stay wary post-CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December. The first such release of 2023, the event preceded the start of trading on Wall Street, with Bitcoin briefly gapping higher before returning to threaten a breakdown below the $18,000 mark. In so doing, the largest cryptocurrency…