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TA: Bitcoin Price Recovery Faces Hurdle, Why 100 SMA Presents Resistance
Bitcoin found support near $20,750 against the US Dollar. BTC is correcting gains, but it is facing resistance near $21,500 and the 100 hourly SMA. Bitcoin found support near the $20,750 after a strong decline. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $21,270 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover higher if there is a clear move above the $22,000 resistance. Bitcoin Price Struggles Bitcoin price gained bearish momentum […]
Crypto Crash 2022: Fantom and MetaCryp To Survive It
Cryptocurrency Cryptocurrency use is continually expanding. More and more people are investing in cryptocurrencies every day. Social proof has profoundly impacted the bitcoin project. More people are investing in the coin market due to the human tendency to place more faith in items that many people tried. Since 2019, the popularity of cryptocurrencies has increased. The industry of cryptocurrencies has a lot of both good and bad things going on. Therefore that’s why people mostly talk about it. Since 2019, many categories of investors have become interested in new cryptocurrencies. People with a variety of hobbies are welcome in the […]
Gnox (GNOX) DAO Will Outpace With Its Loaded 50,000 USD Treasury Gains Of Aave (AAVE) And ApeCoin (APE)
Gnox (GNOX) Gnox is bringing a shake-up to DeFi (decentralised finance) earnings; DeFi is the fastest growing economic sphere, and Gnox ensures everyone can participate. Leveraging buy and sell taxes to build a treasury fund deployed in protocols to earn on behalf of investors. The developers of Gnox have created a single investment vehicle granting exposure to yield farming. Gnox is the first protocol to offer yield farming as a service, and all investors have to do is hold GNOX to receive a monthly stable coin reflection. Loading the treasury with $50,000 means that at launch, the passive income earning […]
Kraken Daily Market Report for August 19 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $943.7 million, 30 day average spot: $562.8 million. Total futures notional: $253.2 million. The top five traded coins were, respectively, Ethereum (↓13%), Bitcoin (↓10%), Tether (↓0.01%), USD Coin (↑0.01%), Cardano (↓12%). Strong returns from Tribe (↑11%), MXC (↑6.4%), and Centrifuge (↑6.0%). August 19, 2022 $943.7M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD ETH $1609.82 ↓13% $276.2M BTC $20832.20 ↓10% $251.7M USDT $1.00 ↓0.01% $241.3M USDC $1.00 ↑0.01% $43.5M ADA $0.45 ↓12% $27.6M…
Bitcoin Now Accepted by Two Ukrainian Tech Giants: Report
Bitcoin and other cryptos are now being accepted as means of payment at two of Ukraine’s largest tech retailers: Techno Їzhak, and Stylus. Customers can now purchase products from each retailer using Bitcoin from their online stores, or from their combined 100+ retail locations. Per a report from the Ukrainian outlet Obozrevatel, Bitcoin payments at both companies will be facilitated through the crypto point-of-sale provider, WhitePay. When paying online, customers can pay in cryptocurrency through an acquiring form. In-person, WhitePay’s point of sale system will print a QR attached to a receipt of the transaction. The receipt includes details about […]
Bitcoin Miners Pocketed Quick Profit by Selling Nearly 6K BTC Amid Recent Rally
Bitcoin It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near the $25,000 level. Since then, it has been on a downtrend. This has resulted in mounting sell pressure on Bitcoin miners. However, during the brief upswing in early August, they managed to book some profits by selling their tokens. According to the Glassnode data […]