Tag: Support

Binance Donates $10 Million to Support Ukrainians, Launches Crowdfunding Initiative – Bitcoin News

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Binance, the biggest cryptocurrency exchange by trading volume, has announced a series of humanitarian aid actions it will take to support Ukrainians. The exchange stated it will donate a minimum of $10 million to help the Ukrainian people through the Binance Charity Foundation. Binance also announced it was kickstarting a crypto-first crowdfunding site to coordinate donations to the Ukrainian cause. Binance to Offer Humanitarian Donation to Ukrainians Binance, one of the leading exchanges in the cryptocurrency sphere, has announced its intentions to help the people of Ukraine in…

Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’ – News Bitcoin News

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On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is Rallying in the Face of Crisis’ The price of bitcoin (BTC) surged on Monday to a high of $44,256 per unit at 5:35 p.m. (EST). BTC’s price hasn’t been this high in USD value in roughly…

Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support

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Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels. Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb. 25, reflecting bearishness despite the 11% rally to $2,700. The worsening conditions depict investors’ doubts regarding the Ethereum network’s shift to a proof-of-stake (PoS) mechanism. As reported by Cointelegraph, the much-anticipated sharding upgrade that will…

Apple Pay to halt support for Russian banks sanctioned on war in Ukraine

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Several Russian banks that were sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay. Russia’s second-largest bank, VTB — as well as other banks like Sovcombank, Otkritie, Novikombank and Promsvyazbank — are on the list of companies sanctioned by the United States, the Bank of Russia confirmed on Friday. Users of debit and credit cards issued by these banks will no longer be able to use Apple Pay and Google Pay, the central bank said in the announcement,…

Last Bitcoin support levels above $20K come into play as BTC price faces ‘time of uncertainty’

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Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts.  In its latest market update on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000. Analyst eyes BTC’s 20-week and 200-week MA for cues Military action by Russia in Ukraine has markets in a spin Thursday, with stocks and crypto following a firm downtrend as uncertainty grips Asia, Europe and the United States alike. Bitcoin has already…

Bitrue Announces Support For Cardano (ADA) As Base Pair On Exchange

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Crypto exchange Bitrue has announced the addition of Cardano (ADA) as a base pair on the platform. Starting February 24th, users of the platform will be able to trade its wide variety of crypto options using the digital asset as a base pair. Initial coin pairs for ADA will be ETH, SOL, LTC, ICP, XDC, SHIB, GALA, AVAX, MATIC, and MANA, and Bitrue will continue to add more trading pairs on a weekly basis. Bitrue has continuously supported the Cardano blockchain and this is the latest step in that streak.…