The price of Ethereum fell sharply along with Bitcoin. ETH has been trading below $2,000, but still holds key support at $1,920 and may attempt a fresh rally higher. Ethereum struggled to clear the $2,070 resistance level and corrected its downward trend. The price is trading below $2,000 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $1,990. Once the $2,000 hurdle is overcome, the currency pair could start a new increase. Ethereum Price Eyes Fresh Increase Ethereum price failed to resolve the resistance of…
Author: Crypto Flexs
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summary To understand NFTs in Bitcoin, we need to shift our perspective from more familiar blockchains such as Ethereum, Avalanche, Polygon, Cardano, and Solana. Let’s take a look at how Ordinal, a new type of NFT, is created and utilized in the Bitcoin ecosystem.Let’s look at the details of BRC-20, a framework for managing these digital artifacts, and how it differs from other blockchain systems. The intent is to provide practical information to creators, marketplaces, and collectors interested in participating in Bitcoin NFTs.We will also discuss important considerations for protection and inheritance to ensure the longevity of these assets. This…
With a cryptocurrency bull market just around the corner, investors must carefully decide whether to invest in the stability of Bitcoin (BTC) or explore the wild west of altcoins. People with limited capital should think carefully before making decisions. However, the Bitcoin community believes that the asset will grow indefinitely with each cycle. But can they manage that level of growth this time? An effective cryptocurrency investment strategy requires a thorough understanding of key market factors. The cost of missed opportunities and the investor’s risk appetite must be carefully considered before investing. cost of missed opportunities Due to the evolving…
Bitcoin price rose today, rebounding from the November 21 correction to $35,651 and hitting an intraday high of $37,431. The rally comes after Bitcoin prices rebounded 3% as traders digested Binance’s agreement with the U.S. Department of Justice (DOJ). The agreement has reignited hype around traders’ belief that a spot BTC exchange-traded fund (ETF) will soon be approved, which will lead to significant inflows into Bitcoin and boost prices across cryptocurrency markets. Bitcoin price. source: TradingViewLet’s take a look at why the price of Bitcoin rose today. The Binance Story Ends with Agreement Initially, Bitcoin (BTC) price sent mixed signals…
BNB Chain has launched BNB SafeWallet, a powerful multi-signature wallet service. Leveraging the trusted Gnosis Safe protocol, this cutting-edge feature is now available to users of the Binance Smart Chain (BSC) and opBNB networks. Use Gnosis Safe to enhance security BNB Chain’s BNB SafeWallet sets a new standard for digital asset protection by leveraging the Gnosis Safe protocol. Known for its stringent security protocols, Gnosis Safe offers complex access control mechanisms and advanced transaction logic systems. A key feature of the service is its multi-owner functionality, which provides additional security by mandating multi-factor authentication for wallet transactions. Advanced Asset…
partBuying high-value items like cars, real estate, electronics, vacations, furniture, jewelry, art, and collectibles with cryptocurrency has become increasingly accessible and convenient through services like BitPay. BitPay facilitates direct cryptocurrency payments for these items, offers cryptocurrency bill payment services, and offers cryptocurrency cards for easy transactions that support a variety of popular cryptocurrencies.When it comes to big-ticket items that can be purchased with cryptocurrency, options abound. It’s also a great way to escape many of the costs and inconveniences associated with traditional payment methods such as banks, credit card companies and mortgage lenders. Let’s take a look at expensive products…
Jamie Coutts, a cryptocurrency analyst at Bloomberg, recently predicted that next year will be an impressive year for the industry. his august 30th Twitter, Jamie Coutts reveals that despite the fact that cryptocurrencies have been ‘brought to its knees’ by the SEC over the past decade, the United States still holds a whopping 80% of Bitcoin. Only the giant cryptocurrency asset management company Grayscale boasts a 55% share. Despite being overwhelmed by the SEC for a decade while other jurisdictions made the leap to spot ETP solutions, the United States still accounts for 80% of all ETP solutions. #Bitcoin fund…
Mike Novogratz expects the SEC to approve a Spot Bitcoin ETF this year. Barclays analysts do not expect this to be of much benefit to Coinbase. Coinbase stock is currently down more than 30% from its year-ago high. Mike Novogratz, CEO of Galaxy Investment Partners, expects the Securities and Exchange Commission to approve a spot Bitcoin ETF by the end of this year. Here’s what Mike Novogratz said on CNBC today: Last week, U.S. regulators refrained from appealing a court ruling that found there was no sufficient reason to prevent Grayscale from converting its flagship trust into an exchange-traded fund.…
SDNY Judge Katherine Polk Failla ruled that “self-driving” software Uniswap is not liable for losses suffered by users due to fraud and ponzis. Judge Failla, who has dismissed lawsuits against Uniswap, Paradigm, and others, is also presiding over SEC v. Coinbase. Cryptocurrency advocates have pointed to the industry’s growing momentum in the courts as a sign that the SEC may face defeat against Brian Armstrong’s cryptocurrency exchange.The SEC lost to Grayscale in court and a partial defeat in its securities campaign for Ripple’s XRP token. Following a string of court victories amid a flurry of lawsuits from financial watchdogs like…
Bitcoin price cut all losses and rose above $37,000. BTC is now eyeing a major upside reversal above the $37,750 and $38,000 resistance levels. Bitcoin is showing positive signs and is testing the resistance of $37,750. The price is trading above $37,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a major bearish trendline with resistance near $37,150. Breaking out of the $38,000 resistance area, the pair could begin a major rally. Bitcoin price gains strength again As news of Binance’s settlement and CZ’s withdrawal came,…