Tag: Support

ETH Remains Close to Support of $2,550 to Start the Weekend – Market Updates Bitcoin News

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Ethereum was once again trading close to its support of $2,550 on Saturday, as crypto markets continue to consolidate. Following strong gains on Tuesday, BTC and ETH have both mainly traded sideways, as price uncertainty grips markets. Bitcoin Bitcoin is down just over 1% as of writing, as the world’s largest cryptocurrency continued to trade below $40,000 to start the weekend. On Saturday, BTC/USD has so far fallen to an intraday low of $38,432.93, following an earlier high of $39,510.69. Today’s high is roughly $1,000 lower than yesterday’s peak, where…

Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users – Exchanges Bitcoin News

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Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022. Kraken Exchange to Give $1,000 in Bitcoin to Each Eligible Ukrainian Customer U.S.-based crypto exchange Kraken is preparing to distribute $10 million to Ukrainian customers suffering from the Russian invasion. Between March 10 and July 1, clients who created an account…

Stripe announces fiat payment support for cryptocurrencies and NFTs

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U.S.-based fintech giant Stripe has significantly ramped up its crypto initiatives after it launched a service that enables payments for NFTs and digital assets via fiat currency. Businesses can use Stripe’s new application programming interfaces (APIs) to accept fiat payments for crypto, provide digital wallets, payout users in fiat, leverage identity and know-your-customer (KYC) solutions, and utilize data to detect and block fraudulent transactions. Stripe co-founder John Collinson shared an announcement via Twitter on March 11, and the firm also partnered with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just…

Solana Poised For Triple Digits, Support Set At $80

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Since reaching an all-time high of $259.90 on November 6, Solana has been declining. It has been following a declining resistance line throughout the decline, which was most recently validated on March 2. Solana Bulls May Push Price Above $100 So far, the price has dropped to $75.35 on February 2. The subsequent bounce confirmed the $73 area as support. This is a horizontal support area as well as the 0.786 Fib retracement support level. SOL is currently trading at a 66% decrease from its all-time high. Solana’s price is…

Bitcoin rallied, but analysts say it’s ‘more of the same’ until $46K becomes support

“Volatility” is the word of the month and that is exactly what cryptocurrency investors saw today as Bitcoin rallied after concerns over the Biden administration’s executive order on crypto turned out to be a ‘nothingburger’. Data from Cryptox Markets Pro and TradingView shows that after trading near the $39,000 mark for the past few days, the price of Bitcoin (BTC) spiked 10.42% to an intraday high at $42,606 on as cautious traders flooded back into the market. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what traders and analysts in…

Bitcoin price holds key support level — Can BTC rebound to $43K next?

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Bitcoin (BTC) looks poised to test the $43,000 level in March, according to a technical setup shared by Rekt Capital, a pseudonymous market analyst.  BTC rebounds from solid 2022 support Bitcoin’s drop toward $37,000 on March 7 was met with modest buying sentiment, leading to a price rebound above $39,000 on March 8. Interestingly, the upside retracement move originated around the same upward sloping trendline serving as an accumulation zone for traders in 2022. Update after 2 months: Too many retail investors on derivative exchanges could be a bearish signal.…