Bitcoin (BTC) is in recovery mode as buyers maintain intraday support levels. Spot trading volume is starting to tick higher, albeit still below January highs, according to CoinDesk data. That could keep buyers active toward $46K resistance. Original
The utility token of a popular crypto exchange is seeing a boost after a price spike caused by a surprise Binance listing. On Monday, Binance announced plans to list the native token of liquidity network platform WOO Network (WOO). “Binance will list WOO Network (WOO) and will open trading for WOO/BNB, WOO/BTC, WOO/BUSD and WOO/USDT trading pairs at 2022-02-08 06:30 (UTC). Users can now start depositing WOO in preparation for trading Withdrawals for WOO will open at 2022-02-09 06:30 (UTC).” WOO is an ERC-20 coin and the native utility token of WOO…
Crypto exchange Coinbase has filed for a political action committee reportedly to support “crypto-forward lawmakers” ahead of the 2022 midterm elections in the United States. According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress. Political action committees, or PACs, are organizations often aimed at raising funds to elect candidates supporting similar…
The internet has provided a remarkable stage for creativity and innovation. However, there is a problem: conventional content creators are not appropriately compensated for their efforts. Despite its best efforts to propel artists to new heights, the level of competition is so high that creators have little room to expand efficiently. The oversupply of content and creators has annihilated the whole Web 2 universe. Though things are beginning to change, and there is light at the end of the tunnel. Blockchain, and in particular NFTs, are paving the way for…
Even though Bitcoin (BTC) was rejected at $45,500, hope for another substantial advance in the cryptocurrency market has reappeared. Bulls are now aiming to beef up their defense at the $43,000 support level. According to TradingView data, after reaching a weekly high of $45,500 early on Feb. 8, bears were able to lower the price of Bitcoin to $42,900 during afternoon trading as investors realized profits and prepared to place bids at $38,000. At the time of writing, the pioneer token is worth $44,091. Bitcoin Steadies At $44k Bitcoin (BTC)…
Hope for the possibility of another significant rally in the cryptocurrency market has returned, even though Bitcoin (BTC) rejected at $45,500. Currently, bulls are looking to shore up their defense at the $43,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that after making a run to a weekly high at $45,500 early on Tuesday, bears managed to drop the price of BTC to $42,900 during afternoon trading as investors realized profits and prepare to place bids around $38,000. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what…
The relative strength index (RSI) on the four-hour chart is declining from overbought territory, similar to what occurred in late December amid a short-term downtrend. This time, however, bitcoin has broken above previous resistance levels, which means the current pullback could stabilize soon. Original
Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency’s comeback continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 becomes popular retest target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating. Volatility was once again in evidence as the pair fluctuated by $1,000 on intra-hour timeframes, circling $44,800 at the time of writing. Fears of a major correction were nonetheless left unfounded on the day, despite theories that $40,000 could see a retest next.…
The intermediate-term outlook has become less bearish for BTC given the recent price bounce. That means buyers could remain active toward the next level of resistance of $45,000 to $47,000. At that point, a brief pullback is to be expected after retracing 38% of the prior downtrend. Original
Polygon will use the funding to build Web 3 applications and invest in zero-knowledge technology. Source