Tag: Support

Crypto exchange CoinDCX raises $135M funding to support Indian Web3

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Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country.  The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a VC firm from Facebook co-founder Eduardo Saverin — Coinbase, Polychain and Cadenza also joined in on the oversubscribed funding round to…

Crypto-focused PAC has used $9M to support Democratic candidates since January

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Protect Our Future, a political action committee set up in January, with backers including FTX CEO Sam Bankman-Fried, has spent more than $9 million to support candidates running for seats in the U.S. House of Representatives. According to expenditures reported to the U.S. Federal Election Commission, as of April 14, Protect Our Future has used $9,024,317 toward supporting the campaigns of Carrick Flynn, Lucia McBath, Shontel Brown and Jasmine Crockett to represent separate districts in Oregon, Georgia, Ohio and Texas, respectively. McBath and Brown are incumbent candidates, while Crockett currently…

LINK Hovers Near Long-Term Support as ZIL Loses 10% of Its Value – Market Updates Bitcoin News

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ZIL was down by as much as 10% to start the week, as prices continued to fall following recent highs. LINK was also predominantly red on Monday, as it marginally fell below the long-term support level, hitting a one-month low in the process. Zilliqa (ZIL) ZIL was one of the biggest crypto movers on Monday, as prices dropped by as much as 10% to start the week. After trading at a high of $0.1154 on Easter Sunday, ZIL/USD raced to an intraday bottom of $0.1015 during Monday’s session. Today’s drop…

Bitcoin Slips Below Support Level to $38.5K as US Tax Return Deadline Approaches

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The leading cryptocurrency by market value fell to $38,577 during the Asian hours, a level last seen on March 15, according to CoinDesk data. Per analytics firm IntoTheBlock, $40,000 was important support, as significant buying activity has happened around that level in the past. The latest decline means the cryptocurrency has lost over 17% since testing waters above $48,000 three weeks ago. Original

Bitcoin clings to $40K support as focus returns to BTC price ‘supercycle’

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Bitcoin (BTC) fooled no one with its criss-crossing of $40,000 on April 15 as traders remained firmly risk-off on BTC. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin returns to key 2022 Fib level Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing modestly after returning to the $39,500 zone on Thursday. The move erased an impulse move higher from earlier in the week, underscoring the lack of bullish market momentum despite conspicuous demand for Bitcoin among institutional buyers. For popular trader Crypto Ed, there was reason to believe that…

ETH Remains Close to Support of $3,000 on Good Friday – Market Updates Bitcoin News

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Ethereum continues to trade close to its support level of $3,000 on Good Friday, as some financial markets were closed for the holiday weekend. Volatility has slightly eased as a result, with BTC also hovering near its floor around $40,000 during today’s session. Bitcoin Bitcoin was trading lower during Friday’s session, as volatility in crypto markets somewhat eased as a result of the Easter break. Following a high of $41,245.49 on Thursday, BTC/USD is down by 2%, dropping to a low of $39,695.74 in the process. Today’s drop pushed prices…

Ethereum At $3028, Where Is The Next Critical Support Level For ETH?

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Ethereum was priced at $3030 and the altcoin king noted a sharp decline of 11% in the past week. Major cryptocurrencies are all on a downtrend, after breaking past their immediate support levels. Bitcoin was priced below $40k and had declined by 12% over the past week. The global cryptocurrency market cap stood at $1.96 Trillion after a decline of 0.2% over the last 24 hours. Ethereum had witnessed a selling spree in the last week but over the last 24 hours, the coin tried to recover from the grasp…

Can The 600-Day MA Support Line Push Bitcoin Again?

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Charts show the Bitcoin 600-day moving average (MA) has once again met with the BTC price curve, will the line act as support for the crypto once again? Bitcoin Price Curve Is Once Again Touching The 600-Day MA As pointed out by an analyst in a CryptoQuant post, the BTC price has once more dropped down to the 600-day MA support line. A “moving average” (or MA in short) is an analytical tool that averages a given quantity over a specific period of time, and constantly updates itself as time…