Tag: Support

Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets

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Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Coinbase Commerce […] Original

B2BinPay v19 Introduces Instant Swaps and Expands Blockchain Support in a New Big Update

PRESS RELEASE. B2BinPay, a leading blockchain payment system, has announced the release of its new v19 update. This latest update introduces an array of new features and improvements, including innovative instant swaps and expanded blockchain support. Instant Swaps and Competitive Cost Advantages via VWAP Swap is a favoured approach to handling virtual assets among many […] Source CryptoX Portal

Bitcoin Price Holds Support, BTC Uptrend To Continue Soon?

Bitcoin price started a downside correction from the $50,400 zone. BTC tested $48,250 and is currently attempting a fresh increase above $50,000. Bitcoin price is holding gains above the $48,250 and $48,500 support levels. The price is trading above $48,850 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $50,000 resistance zone. Bitcoin Price Remains Supported Bitcoin…

Coinbase officially ends Bitcoin SV support

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Coinbase has finalized its actions to phase out Bitcoin SV from its list of supported digital assets. Initially rumored in November 2023, the delisting became official when Coinbase announced it had deprecated support for Bitcoin SV (BSV). In a post on X, Coinbase advised users who still held BSV that their assets had been forcefully liquidated and converted into a different cryptocurrency available on the platform, albeit after the deduction of transaction costs. The exchange also notified customers that the involuntary conversion process might not result in compensation, especially if…

Forget Bitcoin Hitting $70,000, Prices Must First Fall To This Key Support Level

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Bitcoin enthusiasts may need to temper their expectations for a rapid ascent to $70,000. On January 28, a crypto analyst thinks the world’s most valuable coin must fall back to $30,000, a critical support level, before resuming its uptrend. Bitcoin Must Fall: Path To $30,000? CryptoCon, a crypto analyst, cites historical price performance to support this assertion. Specifically, the argument is that no Bitcoin cycle has reached its recent high without first revisiting the monthly least square moving average (MA). Currently, this MA is at $30,358. If past performance guides,…

OKX to support Doginals, other inscription standards in marketplace

OKX has expanded its digital asset offerings by integrating various inscription token standards, including Dogecoin Ordinals, into its wallet and marketplace. The integration process begins with the Bitcoin token standard, SRC-20 (Stamps), allowing users to view and transfer different inscription standards. OKX Wallet plans to incorporate ARC-20 (Atomicals), DRC-20 (Doginals), and Runes by late February. Concurrently, the OKX Marketplace will integrate these standards, enabling the purchase and sale of DRC-20, ARC-20, and Runes inscriptions without fees. The development is part of a broader trend where new token standards on various…

Ether (ETH) Finds Support: CoinDesk Indices’ Todd Groth

So how did the crypto options market price in the bitcoin (BTC) spot exchange-traded fund (ETF) launch? From a quick ex-post analysis of option implied vs subsequent realized volatility (see below), expectations in the markets have subsided after the event, and it looks like the bitcoin options market gang correctly priced in the market reaction while team ether options were asleep behind the wheel w.r.t. the rally in ETH post bitcoin spot ETF launch. Source

XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?

XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support. XRP is showing bearish signs below the $0.525 and $0.550 resistance levels. The price is now trading below $0.525 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh increase if it clears the $0.520 and $0.525 resistance levels. XRP…

Ethereum (ETH) Price Defends $2k Support as Whales Buy the Dip

Ethereum price managed to hold the $2,200 support as the crypto market downturn intensified this week, on-chain signals highlight rising whale demand.  On Jan. 22, the crypto market suffered significant bearish headwinds as Bitcoin (BTC) prices wobbled below $40,000 for the first time in 50 days. At press time on Jan. 25, the global crypto market capitalization has shrunk 7%, with $108.5 billion in valuation wiped out within the weekly timeframe.  Ethereum (ETH) vs. Crypto Market Cap Performance | Source: TradingView Losing 5% in Ethereum (ETH) price has maintained a…