Tag: Support

Ethereum Keeps Sliding Down, Will The Support Line of $1,100 Break?

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Ethereum continued on a bearish path as the coin has now found support level at $1,100. Over the last two days the coin surged and touched the $1,200 mark but shortly after that, it witnessed a pullback on the chart. Ethereum’s strong resistance currently stood at $1,300. The technical perspective of the coin has also remained bearish. Over the last 24 hours, ETH lost 9% of its value and invalidated most gains it secured in the past one week. After the bulls could not manage to move past the $1,300…

Bitcoin Lightning Network developer updates node software with Taproot support

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Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2 among other improvements. lnd is a software component that handles various aspects within the LN including managing a database, generating payment invoices and revoking payments to name a few. The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use…

Solana Broke Its Nearest Support, Vital Trading Levels To Keep An Eye On

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Solana has fallen on its chart over the last 24 hours by 2%. Over the last 24 hours, there has been strong bearish influence on SOL’s price. Currently the coin has found support on the $34 level. The market also has been taken over by the bears, Bitcoin has been hovering around the $20,000 mark for the last 24 hours. Other market movers have also retraced in their respective charts. Technical outlook of the coin continues to point towards negative price action suggesting that price of Solana can fall further.…

Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund. In a Monday letter to investors, Grayscale said that of the more than 11,400 letters the United States Securities and Exchange Commission, or SEC, had received in regards to its proposed Bitcoin (BTC) investment vehicle, “99.96 percent of those comment letters were supportive of Grayscale’s case” as of June 9. According to Grayscale, roughly 33% of the letters questioned the lack of a spot BTC ETF in the U.S. given…

Dogecoin Price Jumps As Elon Musk Reiterates Support For Meme Crypto At Qatar Forum

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Dogecoin, one of the most popular parody coins in the crypto market, is on a tear today. The crypto was up 13% at the time of publication. The move comes as Tesla CEO Elon Musk repeated his support for cryptocurrency on Tuesday at the Qatar Economic Forum in Doha. Musk stated at the Qatar Economic Forum that he buys and backs it because people “who are not that wealthy” have requested him to, according to Bloomberg News. Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts…

Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession – Featured Bitcoin News

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Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover bid, and the likelihood of a near-term U.S. recession. Elon Musk on Crypto Investing Tesla CEO Elon Musk shared his thoughts on a wide range of topics in an interview with Bloomberg News’ John Micklethwait at the Qatar Economic Forum Tuesday. Crypto investing was among the topics discussed. Musk was asked whether he thinks people should still invest in…

Bitcoin Reclaims $20,000, Could It Lose Support Again?

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Bitcoin and other major altcoins have been on a consistent free fall and even hit multi-yearly lows. BTC even touched $17,000 mark this month, however, the king coin has now reclaimed its $20,000. Over the last week, the coin lost 22% of its value but on the daily chart it gained close to 7%. Technical outlook for the coin has picked up bullishness but still reflects signs of weakness. Buyers also have returned to the market, but if buying strength drops again BTC might find support close to $17,000. It…