Tag: Support

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Currently, Bitcoin ETFs and institutional crypto investments are banned in South Korea, meaning that “100% [of the] volume comes from retail,”…

Animoca Plans US Listing, Banking on Trump’s Crypto Support

Key Notes Driven by the Trump administration’s pro-crypto stance, Animoca Brands wishes to expand into the world’s largest capital market. President Donald Trump’s pledge to make the US a global crypto hub has attracted firms like Deribit, Ripple, and eToro to plan IPOs. Animoca’s co-founder Yat Siu emphasized the company’s robust financial position, with $300 million in cash and $538 million in digital assets. . Hong Kong-based Animoca Brands is now looking for a New York listing and entering the world’s largest capital market, amid the crypto-friendly approach undertaken by…

Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh surge above the $102,500 zone. BTC is now correcting gains and trading below the $103,500 resistance zone. Bitcoin started a strong increase above the…

Massive Comeback Above Key Support

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is back above the $2,500 level after a massive surge that flipped market sentiment nearly overnight. Following months of intense selling pressure that began in late December 2024,…

Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent?

Chainlink (LINK) continues to showcase resilience, holding firm within a well-established uptrend as the price consolidates near a critical support level at $15.29. This zone, which has previously acted as a launchpad for bullish momentum, is once again drawing attention as bulls defend it with determination. The current price action suggests that the market is taking a breather, potentially setting the stage for a fresh leg higher. With bullish sentiment gradually building and support holding steady, speculations are whether LINK can capitalize on this consolidation and ignite its next rally…

Bitcoin Price Watch: MACD and Momentum Support Further Gains

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At 7:50 a.m. Eastern time on Friday, bitcoin’s price held steady at $103,191, pushing its market capitalization to $2.04 trillion with a 24-hour trading volume of $55.17 billion. The intraday price range spanned from $99,239.45 to a local high of $104,332, showcasing a bullish tone tempered by emerging signs of consolidation. Bitcoin The daily chart […] Original

Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support

Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNI’s price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around…

VWAPs Don’t Lie—XRP Faces Judgment Day At Monthly Support

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is drifting back to the lower boundary of a five-month trading range, yet the higher-time-frame structure remains intact, according to a daily chart published on May 7 by…

US Treasury Secretary expresses support for crypto bills at hearing

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Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome. US Treasury Secretary speaking at a May 7 hearing. Source: Scott…

Bitcoin Targets $100K Breakout If Key Support Holds

Key Notes Positive US-China trade talks and the Federal Reserve’s $20 billion daily bond purchases are boosting Bitcoin and crypto market sentiment. Analysts expect Jerome Powell’s FOMC commentary and potential rate cuts on May 7 to play a decisive role in Bitcoin’s trajectory. Large wallets holding 10 to 10,000 BTC have accumulated 81,338 BTC over six weeks. Ahead of the FOMC meeting on Wednesday, and following positive developments in the US-China trade talks, Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B price has…