Tag: Support

Bitcoin Barely Holds Onto $20,000 Support

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In this episode of NewsBTC’s daily technical analysis videos, we provide a weekly wrap up on Bitcoin price action and look ahead into what might be a critical weekend for crypto. VIDEO: Bitcoin Price Analysis (BTCUSD): September 16, 2022 Overall, there isn’t all that much more to report this week. Bitcoin is still struggling to maintain support and continues to creep lower and lower. We could get some sort of larger movement soon, however. The LMACD is close to crossing bearish on the daily.  Sometimes, although the crossover looks all but…

Ethereum Faces Test Of Survival After Merge, Can $1,400 Support Hold?

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After showing so much strength as the price rallied from $1,024 to a region of $2,000 against tether (USDT) ahead of the anticipated merge, many call for a bull run and a $4,000 Ethereum price at the end of the “Ethereum Merge.” The price of Ethereum has not shown that run it showed in recent months as the price has struggled to break above $1,800. (Data from Binance) Ethereum (ETH) Token Price Analysis On The Weekly Chart  ETH saw a decline in its price from $4,500 to around $1,024, with…

Linux to launch Foundation to support digital wallet development

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The Linux Foundation, a global nonprofit organization that enables innovation within the blockchain ecosystem through access to open source technology, has announced plans to launch the OpenWallet Foundation (OWF).  The OWF is a collaborative effort between companies in the technology and public sector, as well as stakeholders within the blockchain ecosystem, to develop open-source software to support the interoperability of digital wallets; software designed to send, receive, store and monitor digital assets. According to a press release issued on Sept. 13, the primary goal of the OWF is to build…

Blockchain Association unveils BA PAC to support pro-crypto from both US parties

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United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend to attempt to exert greater influence on candidates as they approach the midterm elections in November. The Blockchain Association, founded in 2019, has 90 members, according to its website, which include many of the leading names in the industry. Binance is a notable exception, as it withdrew from the association in April to lobby Congress on its own. The association’s stated aim is “to…

S’pore Based Exchange Crypto.Com Adds Support for Upcoming NFT Platform’s Native Token

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Singaporean digital assets exchange Crypto.com now supports the native asset of a brand-new non-fungible token (NFT) platform, Minted. Customers of the Crypto.com exchange are now able to trade Minted’s (MTD) native token. Minted is a Cronos Labs project in which users can list and acquire over 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains. The payment, trading, and financial services platform on Crypto.com is powered by Cronos, while Minted debuted its commercial platform in August in collaboration with the exchange.  Minted stated that it will offer secondary…

Digital Assets Exchange Crypto.com Rolls Out Support for New NFT Platform’s Native Token

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Singapore-based digital assets exchange Crypto.com is adding support for the native asset of a new non-fungible token (NFT) platform. The exchange’s customers can now trade the native token of Minted (MTD) a Cronos Labs startup that allows users to list and purchase more than 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains. Cronos powers the Crypto.com payment, trading and financial services platform, and Minted launched its commercial platform in August in partnership with the exchange. The NFT collections launched on Crypto.com/NFT and minted on Cronos will be…

Bitcoin Slumps Below Key Support Level. How Low Can It Get?

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Bitcoin have retreated to a crucial area of support that served as the upper limit of the negative movement in late June at the 18,000 range. Bitcoin Breaks Crucial Level After falling below the bear flag at the middle of August, prices were able to fall further on a break of 20,000 before reaching a crucial area of support at around 19,600. Although it has just returned to action, this level has also served as a critical source of resistance for the leading cryptocurrency since 2017. BTC/USD falls below $20k.…

Polygon Shows Bearish Signs, Can $0.76 Support Hold Price Of Matic?

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The price of Polygon (MATIC) has struggled to stay above the key support zone of $0.8 as the price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000 with the price stalling on the next movement. This has affected the price of altcoins, including Polygon (MATIC), as prices dropped below $0.8 but reclaimed that region quickly. (Data from Binance) Polygon (MATIC) Price Analysis On The Weekly Chart  The price of MATIC has had a difficult time replicating its bullish move that…

Bitcoin Breaks Key Support Of $19,000 As Bulls Sweats, What Is Next?

The price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000, with the price stalling on the next movement. Despite so many expectations of the price having a short squeeze to a range of $21,600 before Bitcoin (BTC) next moves down, this wasn’t the case as the price broke below key support of $19,000. (Data from Binance) Bitcoin (BTC) Price Analysis On The Weekly Chart  Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com The price of BTC has had difficulty…