Bitcoin price continued its upward trend above the $48,800 resistance level. BTC tested $50,000 and is currently showing signs of a downward correction. Bitcoin price rose above the resistance levels of $48,500 and $48,800. The price is trading above $48,800 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term ascending channel with support at $49,750. The pair may begin a downward correction below the $49,750 and $49,500 levels. Bitcoin price rises 5% Bitcoin price remained in the positive zone above the $48,000 resistance zone. BTC continued its upward trend…
Author: Crypto Flexs
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reporter Posted on: February 13, 2024 Cardano’s recent activity has hinted at potential positive outcomes for the network. Cardano’s NFT space has presented challenges that impact its diversity and appeal. Over the past month, Cardano (ADA) has been fighting between bullish and bearish sentiments, causing the ADA price to fluctuate frequently. surge in activity But recent network activity could help the ADA see green more consistently. According to data, the Cardano network successfully executed 81,000 transactions in the last 24 hours. Just joined: Cardano $ADA The network successfully completed 81,000 transactions in the last 24 hours. — Adaptive News |…
The Bank of Russia said in its latest report that financial fraud involving cryptocurrency-related elements will increase in 2023. illegal activityIncluding financial pyramids, the number of confirmed cases increased by 15.5% compared to the previous year, reaching 5,735. Online fraud surges as cryptocurrency takes center stage that much report This highlights the growing trend of illegal participants in the financial market using cryptocurrency. By 2022, every second similar investment project involved a cryptocurrency, and by 2023, almost every financial pyramid and illegal broker offered investments in domestic tokens or accepted donations in cryptocurrencies, the bank claims. According to the report,…
According to Anthony Pompliano, Wall Street is on its way to new all-time highs, acquiring Bitcoin at a rate 12.5 times greater than daily production. Anthony Pompliano recently highlighted Wall Street’s significant interest in Bitcoin (BTC) on CNBC’s Squawk Box, saying, “Wall Street loves Bitcoin. “They are buying 12.5 times more Bitcoin per day than the network can produce.” Pompliano’s comments highlight strong institutional demand for Bitcoin. This especially highlights that as the cryptocurrency approaches its halving in mid-April, the rate at which new Bitcoins are created will be cut in half, potentially strengthening the already tight supply-demand balance. Wall…
Digital Currency Group said in a letter to shareholders on Monday that the company recorded $210 million in revenue in the fourth quarter of last year. This is a 59% increase compared to the same period last year.The company, which owns Grayscale Investments, said high asset prices, particularly Bitcoin, were the main reason for the increase in profits. DCG also reported fourth-quarter EBITDA jumped to $99 million, compared to negative $7 million during the same period in 2022.“For fiscal year 2023, DCG’s consolidated revenue was $749 million and EBITDA was $275 million,” the company said in its letter to shareholders.…
“There is no news that could have a price correlation with Bitcoin other than the halving, which could provide returns in the medium to long term,” Ryan Lee, senior analyst at Bitget Research, wrote in a note to CoinDesk. “It is also important to consider psychological levels in the market, such as the BTC price from $50,000 to the previous ATH, which could lead to a larger price retracement,” he said.
Ethereum price rose more than 5% and headed towards $2,700. ETH is consolidating gains and could target a move towards $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bullish flag pattern with resistance at $2,500. If it stays above the $2,630 support area, it could start a new rally. Ethereum price begins a new surge Ethereum price remained stable above the $2,420 resistance level. ETH outperformed Bitcoin by forming…
Bitcoin Dogs (0DOG) will launch its much-anticipated BRC-20 token presale on February 14, 2024. Bitcoin’s first ICO, 0DOG presale, will run for 30 days. This project provides a gaming and NFT ecosystem on the Bitcoin blockchain. Bitcoin Dogs will be the first pre-sale on the Bitcoin blockchain when the ICO launches on February 14, 2024. The project will bring a new NFT and gaming ecosystem to Bitcoin, and its native token, 0DOG, is currently one of the most popular token sales. Scheduled to launch at 11am GMT on Wednesday, Bitcoin Dogs is receiving a ton of interest from the cryptocurrency…
Cryptocurrencies have become a popular investment option for individuals looking to diversify their portfolios and participate in the digital economy. One opportunity that is gaining momentum is Ucoin, a promising cryptocurrency that offers a variety of benefits and investment opportunities for savvy investors. What is YuCoin? Ucoin is a decentralized peer-to-peer digital currency that runs on blockchain. It is designed to be a secure and efficient medium of exchange that can be used for trading, investing, and as a store of value. Ucoin is built on unique blockchain technology that guarantees transparency, security, and flexibility to users. Why Yukoin? Ucoin…