Bitcoin (BTC) is stabilizing above the $43K support level, although upside appears limited over the short-term. Momentum signals are still negative, especially on the monthly chart. For now, the recovery from Jan. lows remains intact. Original Source 43k45K48KBitcoinResistanceStabilizesSupport CryptoX Portal
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The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6. Data from Cointelegraph Markets Pro and TradingView shows that the downward move for Ether (ETH) accelerated on April 6 and dropped the top altcoin…
Bitcoin (BTC) broke below a month-long uptrend, which means sellers are in control. Pullbacks appear to be short-term within a broader recovery phase from January lows. Original
Bitcoin (BTC) is stabilizing after a 3% price drop, although the cryptocurrency is stuck in an intraday trading range. Overbought signals could keep some buyers on the sidelines. Original
When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials and eight trade association leaders to examine “various potential applications of and policies for blockchain technology” and report to the governor in December 2023. Republican state Senator Sharon Brown, one of the sponsors of the…
Bitcoin faces short term downside price action. The first crypto by market cap has been rejected once again as it tries to reclaim the high area around its current levels and could test its next critical support zone. Related Reading | Full Speed Ahead: Ethereum Turns Bullish In The Long Term At the time of writing, Bitcoin trades at $45,500 with a 2% loss in the last 24-hours and the past week. The benchmark crypto experienced a relief rally into these levels, but bulls have been unable to sustain momentum…
Bitcoin (BTC) is in pullback mode after a choppy weekend. The cryptocurrency could find support around $43K, which should stabilize the down move. Momentum signals turned negative on the daily chart, similar to what occurred during the first week of February and March. Original
According to the firm Moonpay, the non-fungible token (NFT) marketplace Opensea plans to accept credit card payments using the company’s payment infrastructure. The move follows Opensea gathering $23.5 billion in all-time sales volume, and the company’s recent Solana support announcement. Moonpay Reveals Opensea Users Will Soon be Able to Pay for NFTs With a Credit Card Opensea visitors can soon pay with credit cards if they don’t own any crypto assets, according to a tweet from the company Moonpay. “Sail the Opensea with your card,” Moonpay detailed on Friday. “Soon,…
For now, BTC is testing support around its previous breakout point at $45,000. Upside exhaustion signals, per the DeMARK indicators provided a timely countertrend reversal set-up earlier this week, although a continuation of that sell signal has not been confirmed. That means price action is currently neutral, pending a decisive break above or below the five-day price range. Original