Tag: Support

Bitcoin whale support lines up as trader says $14K ‘most bearish’ BTC price target

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Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold. The picture was complicated by increasing concerns over investment fund Three Arrows Capital…

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

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United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet. Peirce characterized the SEC’s attitude toward the crypto market as a “refusal…

Bitcoin Maintains its $20k Support Amidst Anxiety Over the US Fed’s 75 Basis Point Hike

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Summary: The US Fed has announced a 75 basis point hike in interest rates. However, such a rate hike was predicted to inspire confidence in investors who now believe the US Federal Reserve is focused on bringing down inflation. Bitcoin has since maintained its $20k support zone amidst anxieties that the 0.75% interest rate increment is the biggest since 1994. Bitcoin’s $20k support is the level to watch until the bear market is officially over. Moments ago, the US Federal Reserve announced increasing its main interest rate by 75 basis…

Coinbase Triggers Explosive Rally for Ethereum-Based Altcoin As Exchange Announces Support for New Crypto Assets

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One altcoin focused on privacy and scaling solutions is surging after being added to top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Marlin (POND) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Marlin is a high-performance “layer-zero” blockchain network that’s geared toward delivering high-quality infrastructure for the decentralized web. Calling itself “the unglamorous underbelly of the decentralized economy,” Marlin seeks to provide solutions for scaling and user privacy. The Marlin Foundry offers users the ability to leverage bandwidth…

‘Too early’ to say Bitcoin price has reclaimed key bear market support — Analysis

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Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for “relief” from FOMC meeting Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day. The pair had seen a strong bounce after nearing $20,800, with traditional markets likewise recovering after panic set in over United States inflation. Eyeing where Bitcoin could go next, on-chain…

Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

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Bitcoin’s month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities markets also sold-off sharply, hitting their lowest levels of the year.  Data from Cointelegraph Markets Pro and TradingView shows that the Bitcoin sell-off began late in the day on June 12 and escalated into midday on June 13 when BTC hit a low of $22,592. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what several market analysts are saying…

Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund

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Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra network after the terrible crash. The Terra Network crash caused a lot of pain in the crypto community. One of its results was that the South Korean government suddenly set up measures to examine crypto exchanges. According to a report, up to 280,000 crypto investors in South Korea lost…

Binance Pay, Alchemy Pay, ePayments, and QponBay Support Offline Crypto Payments for NFTs at ‘Artaverse’ – Press release Bitcoin News

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press release PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported are BNB, ETH, ACH, and USDT. The exhibition is one of the largest of its kind and will be held in the 150,000 square-foot Central Harbourfront venue in Hong Kong. Hosted both inside and outside,…

Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

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On June 8, the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price.  With the Ropsten upgrade now looking more like a “buy the rumor, sell the news” type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look. ETH/USDT 1-day chart. Source: TradingView Can Ether escape the head-and-shoulders pattern? Pseudonymous Twitter analyst “Cactus” pointed out a bearish head-and-shoulders pattern and questioned whether Ether price would be able to follow the sharp downside that…