Bitcoin (BTC) is attempting to break below a short-term uptrend, which could encourage greater selling pressure. Volume data shows no signs of capitulation yet, although support is around $30K-$32K. Original
Bitcoin (BTC) is at risk of a price breakdown as momentum signals weaken. The cryptocurrency has minor support at $37K, although stronger support is seen at $30K-$32K. Original
Bitcoin (BTC) is on watch for a decisive breakout or breakdown from its three-month range this month. The cryptocurrency has experienced a loss of upside momentum in April, suggesting indecision among buyers and sellers. Original
The latest moves in crypto markets in context for May 2, 2022. Source
Coinbase continues to expand its crypto footprint by extending custodial services support to half a dozen altcoins, including four decentralized finance (DeFi) tokens. In a new announcement, the US-based cryptocurrency exchange says it’s adding six new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $BFC, $C98, $DODO, $MTL, $PROM and $REEFDetails here ? https://t.co/HtybLZye3z pic.twitter.com/ZnmLXncD9N — Coinbase Assets (@CoinbaseAssets) April 28, 2022 Coinbase Custody is a custodial service for institutional investors with big…
Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster which both offer users the ability to earn through active participation. First up is the move-to-earn Step App (FITFI), a Web 3.0 digital fitness protocol that merges exercise, socializing, playing and earning crypto into one. Crypto.com says that FITFI, which stands for Fit Finance, will be available for purchase using a variety of fiat currencies. The project began during the fourth quarter of 2021 and boasted over 113,000 sign-ups in advance of its recent beta launch. As part…
Bitcoin (BTC) price momentum has weakened over the past month, which suggests the current trading range could persist into next week. Upside appears to be limited. Original
Ethereum has been on quite the journey, from splitting to creating its market presence within a few years. And now, they are looking at saving electricity and other concerns put forth by analysts with their latest validation protocol. The cryptocurrency supports several blockchain networks through its layers-2 services and validations. With all these facts combined together, ETH could very well dethrone Bitcoin as the number 1 largest cryptocurrency network. Related Reading | TA: Ethereum Faces Key Challenge, Why Fresh Decline Still Possible Surprisingly, after all these achievements, one must wonder…
The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens. Remote Procedure Call is a software communication protocol that one program can use to request a service from a program located on another computer on a network without having to understand the network’s details. RPC is used to call other processes on the remote systems like a local system. Pocket Network is a blockchain data platform built for applications that…
Momentum signals have weakened over the past week, which typically precedes a period of flat to negative price action. For now, buyers have kept prices anchored around the $40,000 price level, albeit unwilling to decisively break above the $46,710 resistance level over the past three months. Original