Cryptocurrency Analysis and News Portal
Bitcoin is consolidating above the $39,250 support zone against the US Dollar. BTC could recover if it manages to clear the $40,250 resistance zone. Bitcoin retested the $39,250 support zone and found a strong buying interest. The price is still trading below $41,000 and the 100 hourly simple moving average. There is a
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South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project.The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with
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Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out.Bitcoin heads towards 11
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Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could continue to move down if it stays below the $3,000 pivot level. Ethereum started a downside correction after it failed to stay above the $3,200 level. The price is now trading below $3,000 and the 100 hourly simple
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Sometimes it sounds suspenseful and scary. There’s talk about a dead cat, a black swan, and a death cross.At other times, it sounds Einsteinian. There are EMAs, SMAs, and RSIs. There are Fibonacci levels, Elliot waves, and don’t forget about the Moving Average Convergence-Divergence (MACD). Pretty heady stuff.It can even
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Blockchain project Chainlink Labs has hired the co-creator of Meta’s Diem, Christian Catalini, as well as Stanford cryptographer Dan Boneh as technical advisers, the firm announced Thursday.Chainlink develops “oracle” networks that connect real-world data with smart contracts built on blockchains. European telecommunications company Deutsche Telekom is one of the main
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Ethereum failed to surpass $2,725 and started a fresh decline against the US Dollar. ETH price could continue to move down if there is no move above $2,500. Ethereum failed to clear the $2,700 and $2,725 resistance levels. The price is trading below $2,500 and the 100 hourly simple moving average. There was
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"Still a lack of large buyers, or what we refer to as "whales" on-chain. This looks at entities with over 1,000 BTC and then filters out exchanges," William Clemente, the author of Blockware Intelligence newsletter, said in the latest weekly edition published Friday. Source
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A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin.The cryptocurrency's 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover.Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear
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Ethereum fell to $2,930 before correcting higher against the US Dollar. ETH price is rising and a close above $3,200 could spark a strong recovery. Ethereum extended decline and broke the $3,000 support zone. The price is trading below $3,200 and the 100 hourly simple moving average. There was a break above a
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