Bitcoin price is facing a strong resistance near $46,700 against the US Dollar. BTC is likely to nosedive if it continues to struggle above the $46,500 resistance. Bitcoin is still struggling to clear the $46,500 and $46,700 resistance levels. The price is now above the $45,000 zone and the 100 hourly simple moving average. There…
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Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of $65,000 had the cryptocurrency community calling for a bear market, but according to a trend strength indicator, bears are nowhere in sight. In fact, the tool, called…
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Bitcoin is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. Every time it seems like there is a slowdown, the price picks up again, breaking new resistance points that had before held it back. The run-up from a price…
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Ethereum is back leading the crypto market rally as most of the coins in the top 10 by the market move sideways in lower timeframes. ETH’s price trades at $3,247 with a 3.1% and 28.8% profit in the daily and weekly chart. ETH trends to the upside in the daily chart. Source: ETHUSD Tradingview The…
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Data shows funding rates for Bitcoin have turned positive, a signal that might indicate market sentiment is bullish among traders. Bitcoin Funding Rates Turn Positive, While Derivative And Spot Reserves Move Down As pointed out by a CryptoQuant post, the funding rates seem to be slightly positive for the BTC market right now. The Bitcoin…
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The crypto industry was taken by storm when Poly Network, an interoperable cross-chain platform, revealed that they were attacked. The hacker pulled what turned out to be one of the biggest thefts in DeFi history, at least, that it has been called by the mainstream media. The attacker managed to transfer funds from several blockchains…
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Cardano’s (ADA) price has made a splash on the charts this week. The asset’s success lately can be attributed to the growing interest in the upgrade that would see smart contracts be a reality on the blockchain. Cardano’s (ADA) price has also followed the run-up that the market has experienced lately. Sentiments across the crypto…
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FUNToken today announced that they have created a new token, XFUN, to further increase the speed and transparency in iGaming while significantly decreasing the cost of transactions. XFUN is a new layer two token on Polygon, benefitting from the significantly increased performance and lower latency on this blockchain system. XFUN is minted through a process…
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Blockchain Australia is displeased with the way its government is treating the crypto industry locally. According to the association, the government is judging the industry through malicious scammers and actors who’re tarnishing its image through their activities. Blockchain Australia believes that the authorities should engage with the industry to develop regulations that’ll fit all purposes.…
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Payment Provider Powering Real-World Digital Asset Transactability There is no denying that cryptocurrencies are one of the most significant technological advancements in recent years that can disrupt the centralized finance ecosystem globally. With the underlying blockchain technology and a fully decentralized ecosystem, cryptocurrencies can change the global financial sector. Not only can cryptocurrencies eliminate intermediaries…
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