Bitcoin’s trading volume remains low relative to prior highs, although a decisive breakout above $46,000 could encourage additional buying activity. For now, BTC remains in a month-long trading range and is attempting to reverse a four-month long downtrend. Original
Short sellers got liquidated to the tune of $150 million, but two metrics show pro traders did not flip bullish after the recent Bitcoin rally. Bitcoin (BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on a declining price using futures contracts. Some Twitter analysts attribute the price improvement to the Do Kwon, the co-founder of blockchain protocol Terra. During a recent Twitter Spaces conversation with analyst Udi Wertheimer, Kwon revealed…
press release PRESS RELEASE. Metria Network, the much-awaited solution for the entire crypto industry will be within reach soon. The chain agnostic decentralized infrastructure is designed to meet the needs of new-age DeFi and NFT applications by overcoming the issues of scalability, interoperability, and fragmentation of liquidity. Currently under development, the Metria multichain platform is a Polygon-based ecosystem that combines the necessary features and enhancements required to enable seamless transfer of digital assets and liquidity across protocols. While a Polygon native platform, Metria also supports Ethereum and Binance Smart Chain…
Bitcoin (BTC) continues to struggle near the $40,000 resistance zone after overbought signals appeared on the charts. Still, pullbacks could be limited around lower support levels, which could keep buyers active over the short-term. Source
Coinbase is expanding its crypto footprint by extending custodial services support to over half a dozen new altcoins. In a new tweet, the US-based cryptocurrency exchange says it’s adding eight new cryptos to its roster of 150+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $API3, $BLZ, $GODS, $IDEX, $MDT, $GALA, $POWR, and $SPELL. Details here → https://t.co/HtybLZye3z pic.twitter.com/HaA4co8uPj — Coinbase Assets (@CoinbaseAssets) March 17, 2022 Coinbase Custody is a custodial service for institutional investors with big money. It’s…
Crypto hardware wallet has announced support for Cardano (ADA) after many years of not supporting the digital asset. As Cardano has grown and with the rise of decentralized finance (DeFi) on the network, there has been more demand for the cryptocurrency to be added to the wallet, which is one of the most popular crypto hardware wallets in existence. The announcement had come at a time when the digital asset was in need of a boost and it provided that. Trezor which boasts millions of users worldwide will bring more…
Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network. The expanded wallet support comes just a few days after the firm launched Coinbase Pay, which enables users to fund their wallets directly via a web browser extension. In a March 18 blog post announcing the move, the firm also loosely…
Bitcoin started a fresh increase above the $41,000 resistance against the US Dollar. BTC is struggling near $41,500, but it is still above the $40,000 support. Bitcoin is trading well above the $40,000 support zone. The price is trading above $39,800 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $40,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a sharp decline if there is a clear move below the $39,000 support. Bitcoin…
Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level. Ether/USD price at FTX. Source: TradingView On March 15, Ethereum developer Tim Beiko announced that the Kiln testnet — formerly Ethereum 2.0 — successfully passed the Ethereum “Merge.” The process involves taking Ethereum’s Execution Layer from the existing proof-of-work layer and merging it with the Consensus Layer from the Beacon…
Bitcoin (BTC) continues to hover around the $40K resistance zone, albeit with slowing upside momentum. Intraday charts appear overbought, which typically precede brief pullbacks. Still, lower support at $35K and $37K could stabilize selling pressure. Source