News

Cardano’s Vasil Hard Fork Finally Launched on Testnet

Cardano’s Vasil testnet is set to launch on July 3, 2022. The Vasil mainnet is preparing to launch by the ...Read More...

British Army Loses Control Of Twitter And YouTube Accounts To Crypto Scammers

British Army Loses Control Of Twitter And YouTube Accounts To Scammers. The Twitter and YouTube accounts of the British Army were hacked briefly on Sunday, as confirmed by statements from the Army and the Ministry of Defence Press Office. The hackers reportedly used both platforms to promote fraudulent cryptocurrency and NFT projects. Additionally, the hackers […]The post British Army Loses Control Of Twitter And YouTube Accounts To Crypto Scammers appeared first on The Crypto Basic.

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Central Bank of Russia […]

Vitalik Buterin’s Mom Explains What You Need to Find Success in Crypto

The mother of Ethereum co-founder Vitalik Buterin has offered advice for people looking to succeed in the crypto industry. During an interview with CoinDesk, Buterin’s mother Natalia Ameline gave her opinion on the crypto industry and the best way for succeeding. In July 2017, Ameline co-founded Crypto Chicks, a startup that tries to empower women […]

Cardano’s Vasil Hard Fork Ready to Launch on Testnet Today

Cardano’s Vasil testnet is set to launch on July 3, 2022. The Vasil mainnet is preparing to launch by the ...Read More...

Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze

The price of Litecoin (LTC) is currently negative after a significant amount of liquidation. Monday’s data from Coingecko indicates that the price of LTC has decreased by 1.4% over the past week and is currently trading at $49.98. LTC had previously achieved support at $49.68, but was unable to maintain the levels and experienced a price decline. The LTC/USD pair is currently encountering resistance at $50.85; a move over this level would target $51.50. The one-day price chart for Litcoin indicates an upward trend that may persist for some time. However, it may not be steady enough to overcome the market’s significant bearish pressure. Suggested Reading | Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps? Litecoin Up 18% Despite Bearish Pressure In spite of this, LTC has gained 18% in the past seven days. In the previous several days, the Litecoin market has been highly volatile, with values surging and then falling rapidly. After failing to maintain the $52 level and facing severe selling pressure, LTC prices began to retreat. The cryptocurrency’s market capitalization is approximately $3.5 billion, and its 24-hour trading volume is $373 million. At $55.62, which is a resistance level, the LTC/USD pair established a new all-time high on Friday. This level has been retraced, and the price is currently trading below $55.50. If the price continues to decline, immediate support may be found ...

Explore The Opportunities Offered By Gnox (GNOX), Enjin Coin (ENJ), And Kava (KAVA) That Could Make You The Next Crypto Millionaire

The post Explore The Opportunities Offered By Gnox (GNOX), Enjin Coin (ENJ), And Kava (KAVA) That Could Make You The Next Crypto Millionaire appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideCrypto millionaires. Nobody knows how many millionaires crypto has made, but the figure is astonishingly high. These investors were partially lucky, but more importantly, they invested in solid projects early on and sold at the right time. The cryptocurrency asset class continues to grow rapidly, and with new projects constantly launching, there is no shortage …

TA: Ethereum Close Below $1K Could Spark Larger Degree Downtrend

Ethereum is struggling below $1,080 against the US Dollar. ETH could decline heavily if there is a close below the $1,000 support zone. Ethereum remained in a bearish zone below $1,100 and $1,080 levels. The price is now trading below $1,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline again unless there is a clear move above the $1,120 resistance zone. Ethereum Price Remains At Risk Ethereum remained in a bearish zone and retested the $1,000 support zone. ETH formed a base near $1,000 and recently corrected higher. There was a minor recovery wave above the $1,030 and $1,050 level. Ether price climbed above 23.6% Fib retracement level of the key decline from the $1,236 swing high to $997 low. It even attempted an upside break above the $1,100 level but failed. It is now trading below $1,100 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,050 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,060 level. The next major resistance is near the $1,080 zone. The first major hurdle is near the $1,100 zone or the 50% Fib retracement level of the key decline from the $1,236 swing high to $997 low. A close above the $1,120 resistance zone could start a decent increase. Source: ETHUSD on TradingView.com ...

Cardano's Vasil Upgrade Goes Live on Testnet

The much-awaited upgrade is finally expected to launch on the mainnet later this month

India: Crypto-exchange volumes are falling, but for how long

Global crypto-holders suffered a lot during the crypto-winter. In fact, the global market cap of cryptocurrencies even dropped below $1 trillion. This is a far cry from the peak in November 2021 when it amassed $3 trillion. While a lot of universal challenges have pulled back the market’s growth this year, some challenges are more […]

How Does KYC Limit Cryptocurrency Mass Adoption?

Chainalysis estimates that the global adoption rate of digital currencies rose by 880% in 2021. Undoubtedly, millions of users are eager to understand and invest in this vast industry. The massive attention is, however, attracting multiple regulatory interventions which compel the use of KYC procedures. Without a clear framework, such policies end up affecting the digital asset economy. The following article, therefore, hopes to give an insight into how KYC may limit cryptocurrency mass adoption. What is KYC? Know Your Customer, commonly known as KYC, refers to processes that analyze a user’s identity. This procedure allows financial institutions and digital asset platforms to examine a customer’s background as they extend their services. Generally, users have to submit their personal data to access a crypto platform’s services. KYC serves as a safety mechanism that eliminates bad actors from committing any financial crime. Such crimes may include activities like money laundering, illegal trafficking, terrorist financing, and many more. How KYC Limits Cryptocurrency Mass Adoption KYC may affect the acceptance rate of digital currencies in the following ways: 1. Impersonation A number of crypto-based projects may ask for private user-data to access their products. Once this information falls into the wrong hands, cases of impersonation may begin to spread. By definition, impersonation involves the act of stealing a user’s data ...

As BTC Plummets to $19,000, Elon Musk’s Tesla Reports $440 Million Impairment Losses

The world’s largest cryptocurrency Bitcoin (BTC) has struggled to keep up with its recovery and has been trading under pressure at a price of $19,000. After the massive price crash in the BTC price this year, Elon Musk’s Tesla Inc (NASDAQ: TSLA) has been facing a $440 million write-down on its Bitcoin holdings. Last year The post As BTC Plummets to $19,000, Elon Musk’s Tesla Reports $440 Million Impairment Losses appeared first on CoinGape.

British Army’s social media accounts hacked by crypto scammers

Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.

Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate

Bitcoin price settled below the USD 20,000 support zone. BTC is currently (04:05 UTC) consolidating near USD 19,100 and is down 1% in a day and 9% in a week. Similarly, most major altcoins are trading below key support levels. ETH is well below USD 1,100 while XRP is struggling below USD 0.325. ADA could extend losses and test USD 0.42. Total market capitalization...Read More: Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate

Bitcoin Struggles At $19K, Is $17K The Next Target?

Bitcoin has been extremely choppy lately, the king coin lost 7% over the last week. This marks the worst quarter for Bitcoin as the coin shed close to 50% in the second quarter of this year. Post June, the cryptocurrency has noted the worst bearish price action. Over the last few days, BTC broke below the $20,000 mark and touched the $19,000 level. Consistent fall on the chart can push BTC to the next support line. Buying strength lowered considerably pushing BTC to lower levels over the last 24 hour. The bulls tried to revive on the chart and dragged the coin towards $22,000, however, intense sell-off dragged the coin to $19,000. The critical support level for the coin stood at $17,000 and as bears mauled harder, the aforementioned level could be a possibility for BTC over the upcoming trading sessions. The global cryptocurrency market cap today is $914 Billion with a 0.3% increase in the last 24 hours. Bitcoin Price Analysis: Four Hour Chart BTC was trading for $19,000 on the four hour chart. The coin previously traded at the same level some weeks back and then tried to recover on the chart. Resistance for BTC stood at $20,000 and then at $22,000. BTC has witnessed stiff resistance at $22,000 as the coin struggled to trade above the same for a considerable period. If BTC’s current price momentum continues then $17,000 is just a matter of time. Volume of Bitcoin traded declined significantly and the bar was in red displ...

Sango crypto hub goes live in the Central African Republic

Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking sector.

British Army Regains Control Hours After Their Hacked Social Media Accounts Promoting Crypto Scams

The British Army has been the latest victim of rampant crypto scams taking place in the market. On Sunday, July 3, hackers took over control of the British Army’s Twitter and YouTube accounts and posted crypto videos through them. After a brief period following the hack, the British Army regained control with a fresh message The post British Army Regains Control Hours After Their Hacked Social Media Accounts Promoting Crypto Scams appeared first on CoinGape.

Elrond: Decoding reasons behind EGLD’s attempts to rally

Elrond, a fast, scalable smart contract blockchain network witnessed an impressive amount of traction this week. In fact, the EGLD token’s price jumped by 9% over the last 24 hours of 3 July to tade around the $50 mark. Indeed, an impressive rise despite the weary market conditions at the moment. So the most pertinent […]

Voyager Seeks ‘Strategic Alternatives’ Following Pause to Withdrawals

Voyager said it holds $1.3 billion worth of crypto assets on its platform in addition to claims of more than $650 million against 3ACThe post Voyager Seeks ‘Strategic Alternatives’ Following Pause to Withdrawals appeared first on Blockworks.

Bitcoin, Ethereum, VeChain, and ApeCoin Daily Price Analyses – 03 July Roundup

The changes in the global crypto market continue as it has been moving to and fro between gains and losses. The recent changes have brought Bitcoin, Ethereum, and others considerable gains. Though the changes are positive, there is no surety about how long this bullishness will continue. The recent months’ track record shows it has...

TA: Bitcoin Remains In Downtrend, What Could Spark Sharp Upside

Bitcoin is trading in a bearish zone below $19,500 against the US Dollar. BTC might start a sharp recovery wave if there is a move above the $19,500 resistance. Bitcoin failed to gain pace above the $19,500 and $19,600 resistance levels. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $19,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline unless there is a move above the $19,500 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started another decline below the $19,500 support zone. The price even traded below the $19,000 support zone and spiked below the $18,800 level. A low was formed near $18,738 and the price is now consolidating losses. There was a minor upward move above the $19,000 resistance zone. The price climbed above the 23.6% Fib retracement level of the recent decline from the $20,500 swing high to $18,738 low. However, the price is now facing a strong resistance near the $19,400 zone and the 100 hourly simple moving average. There is also a crucial bearish trend line forming with resistance near $19,500 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $20,500 swing high to $18,738 low. Source: BTCUSD on TradingView.com The next key resistance is near the $19,...

Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow

India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI […]

SBF denies FTX is eyeing distressed crypto mining companies

Sam Bankman-Fried said that crypto miners did not fit into the company’s core strategy and there is no synergy from an acquisition standpoint.

According to a Quant Analyst, The Ancient Bitcoin Whales Could Cause BTC Seller Exhaustion—Here’s What it Means

The post According to a Quant Analyst, The Ancient Bitcoin Whales Could Cause BTC Seller Exhaustion—Here’s What it Means appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe price of bitcoin has recently diverged from a crucial level of support and dropped below $20,000. Significant concerns about inflation and rate hikes signaled by central banks, particularly the US Federal Reserve, have caused BTC’s value to halve during the previous month. Amid the ongoing crypto crisis, popular quant analyst claims he is closely …

A full picture of Tron’s [TRX] price trajectory after this breakdown

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After relishing a position above the EMA ribbons for a few weeks, the 61.8% Fibonacci resistance put Tron [TRX] back on its bearish track. The decline from the $0.08-level reignited the bearish efforts in pulling […]

Fork of July: Cardano Vasil upgrade successfully launches on testnet

With the Cardano testnet hard fork complete, all that remains is to fork the mainnet, which will come in about four weeks, or when developers have had enough time to prepare their tools for the upgrade.

Bitcoin Price To Plunge More With Another Major Sell-off Around the Corner orner !

The post Bitcoin Price To Plunge More With Another Major Sell-off Around the Corner orner ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideBitcoin has been in a sharp slump with strong bearish momentum over the past month. Since reaching its ATH in November 2021, the price of Bitcoin has fallen by approximately 74 percent, and the cryptocurrency market has seen more price drops and volatile price movement over the past few days. BTC dipped below the $20,000 …

All You Need to Know About Optimism: Low Cost Layer 2 Blockchain Solution

Optimism is the first Ethereum Layer 2 solution to develop an Optimistic network that is Ethereum Virtual Machine (EVM) compliant. It runs alongside Ethereum and can handle transactions at scale while inheriting Ethereum’s security. The word Optimistic Rollup comes from the manner transactions are handled. Transactions are assumed to be accurate by default, and no calculations are performed. To assure the legitimacy of the transactions, it uses a fraud-proof system. To know about Optimism in greater detail, continue reading. Fraud Proof System Working Verifiers (anyone running an Optimism network full node) can question the validity of transaction proposals given by sequencers. The rollup will do a check by conducting the transaction’s calculation on Ethereum. Before they are approved and transmitted to the Ethereum mainnet, transaction proposals can be disputed under the challenge time, set to one week for Optimism. The verifier is rewarded, while the sequencer is penalized if the proposal is found to be fake. Sequencers must have a pool of bonded ERC-20 tokens to collect the payouts. The needed coin in the instance of Optimism is ETH. This aligns incentives so that verifiers are rewarded for catching bad actors, and sequencers for only submitting proper transaction proposals. The false proposal is withdrawn and replaced with the correct proposal. The false proposed outcome of the transaction is eliminated, but the transactio...

What American Independence Looks Like When Secured By Bitcoin

Bitcoin is a monetary system that returns to the ideals upon which American independence was built.

Crypto Gibraltar Festival to Take Place From September 22nd to 24th, 2022

Crypto Gibraltar 2021 was the first major crypto event following the pandemic and delivered a fantastic combination of informative discussions, productive networking, and banging parties. Amazingly, it’s time to do it all again only bigger and even better! Crypto Gibraltar 2022 will be an invitation-only crypto festival taking place from the 22nd to the 24th […]The post Crypto Gibraltar Festival to Take Place From September 22nd to 24th, 2022 appeared first on NullTX.

Cardano At $0.45, Which Levels Are The Bears Aiming For?

Cardano has slipped considerably on its chart over the last week. After losing support at $0.62, ADA has been on a freefall. On the daily chart, the coin has been trading in a descending channel. ADA has now secured $0.42 as its immediate support. Buying pressure has fallen on the chart as ADA has continued to display bearish sentiment. The bulls have been favouring the sellers and if it continues to do the same, the coin might break below the aforementioned support level. From the technical outlook it appears the Cardano might continue to descend further before it registers an upward movement. A strong revival cannot be predicted just yet, however, if buyers re-enter the market the coin could witness some relief. The global cryptocurrency market cap today is $914 Billion with a 0.3% positive change in the last 24 hours. Cardano Price Analysis: Four Hour Chart ADA was trading at $0.46 on the four hour chart. As the coin broke the $0.62 level, the coin has depreciated in value substantially. Over the last week, the coin lost close to 4.8% of its market value. Over the past couple of days, the coin has mostly oscillated between $0.47 and $0.45 respectively. Local support for the coin stood at $0.42, while the resistance for ADA was at $0.53. As buying strength has remained low, a move above the $0.47 mark seems difficult. The amount of ADA traded diminished significantly indicating bearish pressure. The volume bar was red signif...

Litecoin shoots up by 4,620% – Not price, but…

One of the biggest disadvantages of Litecoin is its lack of demand, when compared to other altcoins in the market. At the same time, one of its biggest advantages also happens to be the lack of demand. That, in a weird way, is worth a milestone in itself. None whatsoever Litecoin hasn’t reported any downtime. […]

Mad Money’s Jim Cramer Says Crypto Immolation Shows the Fed’s Job to Tame Inflation Is Almost Complete

The host of Mad Money, Jim Cramer, claims that “With the immolation of crypto, the Fed’s job is almost complete.” He stressed that “one front in the war on inflation that’s been an outstanding total victory for the Fed” is the battle against financial speculation. Jim Cramer on Fed’s Policy, Inflation, Crypto Jim Cramer discussed […]

Top 4 TRON Ecosystem Tokens to Watch in July 2022

TRON is a robust blockchain ecosystem created and developed by blockchain developers worldwide that adhere to the “Decentralize the Web” guiding principle. The TRON ecosystem consists of various products, including a public chain, a wallet client, stablecoins, decentralized apps (DAPPs), etc. Due to the intimate connections between these products, the stability of the entire ecosystem is […]The post Top 4 TRON Ecosystem Tokens to Watch in July 2022 appeared first on NullTX.

Avalanche price analysis: AVAX trapped in a horizontal range after declining from $21.89

Avalanche price analysis continues to be bearish, as price dropped another 2 percent over the past 24 hours to move as low as $15.87. AVAX has been in a successive downtrend since June 26, 2022, when price underwent a bullish run up to $21.89. Since then, Avalanche price has lowered more than 27 percent and...

Will Sorare NFT beat BAYC and MAYC in the long term given its high…

A lesser-known Ethereum-based NFT collection called Sorare is making huge strides in the NFT marketplace of late. It topped the chart of ‘NFT collection rankings by sales volume.’ In fact, it has registered more sales than Bored Ape Yacht Club [BAYC] and Mutant Ape Yacht Club [MAYC] put together. Blimey! That’s quite a jump You […]

Here’s the Significance of Total Value Locked (TVL) in Cryptocurrencies

Even though it has flaws, the crypto industry has grown like never before, especially in decentralized finance (DeFi) and non-fungible tokens (NFTs). And, because the cryptosphere is constantly changing, savvy investors are always looking for indicators that can help them determine how profitable various crypto products are. Trading volume, market capitalization, and total value locked (TVL) are some of the indicators used to gauge the performance of the crypto market. TVL has become especially popular among DeFi investors when assessing the overall fiat value of assets deposited in a single project or across all DeFi protocols. But before we get into the significance of TVL in cryptocurrencies, let’s take a moment to discuss what it is. What Does Total Value Locked Mean? TVL is simply defined as the total value of digital assets locked or staked in the smart contract of a DeFi protocol. It is a measure of the total funds that can be transacted, lent, or borrowed through a particular DeFi platform. TVL also demonstrates to market observers and potential investors the level of interest, activity, and value currently present in the DeFi protocol. TVL is determined by taking the number of crypto tokens that have been staked in a particular DeFi project and multiplying that number by the token’s current dollar value. On platforms that allow investors to stake more than one cryptocurrency, the total value locked of each crypto is c...

Uniswap: This is what investors need to be wary of before shorting UNI

While the bears continue to repress the bullish efforts every so often, Uniswap [UNI] has been slumping in line with the broader market. The recent buying efforts brought the alt into its sideways track as the market consolidated in the last few days. In countering the selling pressure, the buyers would aim for a break […]

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

The newly announced partnership marks the first time a community bank acting as custody for a stablecoin's reserves.

Steep Corrections Incoming for Dogecoin (DOGE) and VeChain (VET), According to Analyst Justin Bennett

Closely followed crypto analyst Justin Bennett says that sizable downward moves are coming for two large-cap digital assets as Bitcoin trades below the $20,000 level. Bennett tells his 101,000 Twitter followers that leading memecoin Dogecoin (DOGE) has broken down from a rising wedge pattern, which indicates the resumption of the downtrend. According to the crypto […]The post Steep Corrections Incoming for Dogecoin (DOGE) and VeChain (VET), According to Analyst Justin Bennett appeared first on The Daily Hodl.

Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most […]

XRP Technical Analysis: XRP/USD Pair Set to Break Above $0.3886 Resistance

Key technical points: XRP technical analysis shows positive price trends. XRP/USD pair found resistance at $0.3886. Most indicators are bullish. Past Performance of XRP In the last 24 hours, XRP has been on an upward trend. The token started the day at $0.3818 and reached a high of $0.3902. At the time of writing, it is trading at $0.3167. Source-Tradingview XRP Technical Analysis Analyzing the momentum indicators, we see that the MACD is currently in the bullish territory as the fast-moving line crosses above the signal line. The RSI is also rising, which indicates that the token is in bullish territory. The price is above the 50-day and 200-day moving averages, which is a positive sign for the bulls. Looking at the hourly chart, we see that the XRP/USD pair has formed a descending triangle pattern which is a bearish sign. The price is currently trading near the triangle’s support at $0.3050. A breakout below this level can push the price towards $0.2750. Overall, the technical analysis shows that XRP is in a bullish trend in the short-term and is likely to continue its upward movement. Therefore, we believe that XRP is an excellent long-term investment and is likely to continue its upward trend soon. Upcoming Trend If XRP breaks out of the descending triangle pattern, it can retest the $0.3886 resistance level. A breakout above this level can push the price towards $0.4000. However, if XRP breaks below the support of the des...

Can XRP garner enough buying volume for a bullish bounce back

XRP has retraced back to its mid-June lows after a rally attempt that yielded an almost 30% upside. However, the short-lived rally gave way to a substantial bearish retracement, undoing the gains. XRP traded at $0.31 at press time after a 15% downside in the last seven days. The bearish retracement has pushed it back […]

Bored Ape Yacht Club’s Creators Declared War on a Vocal Critic. Could it Backfire?

“Yuga has to win on two sides here,” one attorney said. “They have to convince a courtroom, but they also have to convince the public.“

BNB chain, NFT market, and the untold tale of sales activity

The world of digital assets has come crashing down in recent weeks. The NFT markets have taken the brunt. However, the markets are attempting a reversal with a recent surge in NFT sales. Now, you may ask who will be the new winner of the revamped NFT market? A shining light in this pool of […]

Circle CEO Explains Why Holders of Stablecoin USD Coin ($USDC) Should Feel Safe

On Sunday (July 3), Circle Internet Financial Limited Co-Founder, Chairman, and CEO Jeremy Allaire explained why holders of its fiat-collateralized and fiat-pegged stablecoin USD Coin (USDC) should not be worried (in the aftermath of the Terra ecosystem collapse). As Circle’s Chief Financial Officer Jeremy Fox-Geen stated in a blog post (titled “USDC Trust and Transparency […]

Ethereum price analysis: ETH consolidates around $1,050, further drop next week?

Ethereum price analysis is bearish today as we have seen consolidation around $1,050 and rejection for further recovery. Therefore, ETH/USD is ready to drop further and break past the $1,000 local support. Once that is done, the next week should see the previous swing low at $900 tested. The market has traded with slight bullish...

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE

Traders are taking a hands-off approach to Bitcoin and altcoins until BTC successfully flips the $20,000 level back to support.

Four Reasons Why Governments Should Hold BTC in Their National Reserves

Bitcoin (BTC) has grown so quickly in the last few years that it is now the most well-known cryptocurrency. As recently as November 2021, its value reached an all-time high as people found out how useful it is in the real world. Bitcoin is mostly used as an alternative way to pay for things, but it is also a good way to save money because it is more resistant to inflation. In some sections, it is felt that Bitcoin’s continued upswing and widespread use around the world could see it replace the U.S. dollar as the world’s reserve currency in the long run. Such views have become increasingly popular lately and many believe that it’s high time governments across the world started holding BTC in their national reserves. How did the Dollar Become the World’s Reserve Currency? 78 years ago, 730 delegates from 44 countries met in Bretton Woods, New Hampshire, to chart a post-war financial order for the world. The deliberations laid the foundation for the global financial system we have today. They led to the founding of the International Monetary Fund (IMF), the International Bank for Reconstruction and Development, and the U.S. dollar as the global reserve currency. The U.S. dollar remains the dominant reserve asset. Most countries keep a monetary reserve consisting of the dollar, precious metals, and other highly liquid assets to meet their financial obligations. These reserves are meant to regulate a country’s money supply and mana...

Bitcoin (BTC) Approaching ‘Peak Opportunity’ Zone, According to Top Crypto Trader

A popular crypto trader says that Bitcoin is approaching a price zone that could offer a highly favorable risk-reward ratio for long-term BTC investors. Pseudonymous crypto strategist Rekt Capital tells his 320,900 Twitter followers that this cycle might be different for BTC as the king crypto continues to trade below the 200-week moving average (MA), […]The post Bitcoin (BTC) Approaching ‘Peak Opportunity’ Zone, According to Top Crypto Trader appeared first on The Daily Hodl.