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Bitcoin Technical Analysis: BTC Consolidation Points to Potential Shifts Ahead
Bitcoin Technical Analysis: BTC Consolidation Points to Potential Shifts Ahead
29.03.2024 13:15
On March 29, 2024, with a trading price of $70,075, and oscillating within a 24-hour range of $68,362 to $71,754, bitcoin’s current market behavior reveals significant consolidation and neutrality. Bitcoin Bitcoin’s 1-hour chart reveals recent volatility, with a significant bounce from a low of approximately $68,362, suggesting a strong support level. Conversely, the resistance near […]
bitcoin.com
#bitcoin (btc) #bitcoin bears #bitcoin bulls #bitcoin price #bitcoin technical analysis #crypto #cryptocurrency #markets and prices
Underdogs Defy Odds, Shaking up NCAA Tournament Brackets
Underdogs Defy Odds, Shaking up NCAA Tournament Brackets
29.03.2024 13:00
With the dust settling from Thursday’s upsets, attention shifts to an equally promising lineup of games in the South and Midwest Regions, where teams like Marquette, NC State, Houston, and Duke vie for dominance in their quest for the Final Four. March Madness Delivers Rising Underdogs and Steadfast Favorites Statistically, this tournament has been one […]
bitcoin.com
#branded spotlight #crypto #cryptocurrency #gambling #march madness #ncaa tournament
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
29.03.2024 12:28
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […]
bitcoin.com
#crypto #cryptocurrency #regulation #russia sanctions #stablecoin #tether
Dogecoin Jumps 37% – How High Can DOGE Go This April?
Dogecoin Jumps 37% – How High Can DOGE Go This April?
29.03.2024 12:25
Retail and institutional investors alike are taking notice as Dogecoin (DOGE), the playful cryptocurrency born from internet fame, experiences a surprising surge. Prices jumped almost 10% in a single day this week, marking a 37% increase over the past seven days, according to CoinGecko. This unexpected rally has the “Doge army” howling with excitement, but experts caution that the future of this meme-inspired coin might not be all sunshine and rainbows. DOGE up nearly 10% in the last day. Source: Coingecko From Meme To Market Mover Dogecoin, launched in 2013 as a lighthearted parody of Bitcoin, has defied expectations. It has evolved into a symbol of community-driven digital currency, attracting a passionate following. However, despite its recent rise, Dogecoin remains far from its peak of $0.73 reached in May 2021. Related Reading: Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst Technically, Dogecoin seems to be finding support at $0.1599, a level that [...]
newsbtc.com
#altcoins #crypto #cryptocurrency market news #doge #dogecoin #memecoin
On the Halving, Bitcoin is Getting New Technologies: Rollups and Tokens. Sovryn’s New Initiative is How to Get In Early
On the Halving, Bitcoin is Getting New Technologies: Rollups and Tokens. Sovryn’s New Initiative is How to Get In Early
29.03.2024 12:00
Sovryn’s and BOB are offering early users a piece of the new Bitcoin economy. With the Bitcoin Halving less than a month from now, Bitcoin will get two significant technological additions: Rollups, which will allow an increase in user adoption, lower fees, and smart contract capabilities, and native Bitcoin tokens called Runes. These two additions […]
bitcoin.com
#branded spotlight
‘Trust in Authority’ Sustains Popularity of Centralized Exchanges in Latin America, Says Ricardo Da Ros
‘Trust in Authority’ Sustains Popularity of Centralized Exchanges in Latin America, Says Ricardo Da Ros
29.03.2024 11:20
According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.” Da Ros suggests that this culture, combined with the […]
bitcoin.com
#bitcoin latam #blockchain #centralized exchanges #crypto #crypto exchanges #cryptocurrency #decentralized exchanges #interview
Wyckoff ‘SOS’ Could Catapult Bitcoin To $100,000: Hedge Fund Manager
Wyckoff ‘SOS’ Could Catapult Bitcoin To $100,000: Hedge Fund Manager
29.03.2024 11:00
Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply and demand dynamics to forecast price movements. Understanding The Wyckoff ‘SOS’: Bitcoin To $100,000? The Wyckoff Method, developed by Richard D. Wyckoff, is a framework for understanding market structures and predicting future price movements through the analysis of price action, volume, and time. The ‘Sign of Strength’ (SOS) within this methodology signifies a point where the market shows evidence of demand overpowering supply, indicating a strong bullish outlook. Edwards’s observation of an SOS pattern in Bitcoin’s recent price movements suggests that the market is at a pivotal point, where sustained [...]
newsbtc.com
#bitcoin #bitcoin halving #bitcoin price #bitcoin price prediction #btc #btc price #capriole investments #charles edwards
Google Introduces Cryptocurrency Wallet Balance Check via Search Engine
Google Introduces Cryptocurrency Wallet Balance Check via Search Engine
29.03.2024 11:00
Google has enhanced its search engine to allow users to check their cryptocurrency wallet balances directly by entering the wallet’s address, supporting various blockchain networks including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom. This feature not only shows the native token balance of a wallet for each supported network but also indicates the last time […]
bitcoin.com
#bitcoin #block explorers #crypto #cryptocurrency #google #news bytes #polygon
Blockchain Technology Disrupts the Financial Sector: Insights into 2024 Trends
Blockchain Technology Disrupts the Financial Sector: Insights into 2024 Trends
29.03.2024 10:25
Over the years, the rise of blockchain and its penetration into the financial sector has created all that is convenient to man. This includes streamlining payment systems to allow easier and cheaper cross-border transactions and the rise of the ever-popular and controversial cryptocurrency.All industries across the globe are experiencing the most drastic, exciting, and challenging innovation with the digitalization of the modern world and unstoppable technological advancements. These changes have been experienced in the financial sector.Blockchain Technology and the Financial SectorBlockchain is an unstoppable force that will continue to rock the entire financial industry and how we conduct business transactions in the future. Many investors have sacrificed money in their high savings interest accounts to trade cryptocurrency because of the significant returns. With the limitless possibilities of blockchain technology in finance, here’s what we’re looking forward to in [...]
financemagnates.com
#blockchain #cryptocurrency #finance
Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
29.03.2024 10:19
The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade to the Ethereum network has helped […]
bitcoin.com
#dapps #defi #dencun upgrade #ethereum scaling solution #gas fees #interview #sec spot bitcoin etf #web3
Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst
Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst
29.03.2024 09:54
Bitcoin (BTC) is poised for a potential surge after forming a bullish technical pattern and attracting a wave of institutional investment. The world’s leading cryptocurrency recently surpassed the $70,000 mark, setting the stage for a possible breakout that could eclipse its current all-time high of $73,750. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory This optimistic outlook comes from analyst Ali Martinez, who identified a bull flag pattern on Bitcoin’s 4-hour chart. This technical indicator typically follows a significant price increase and signifies a consolidation period with a slight downward trend. However, the decreasing trading volume during this phase suggests a temporary pause rather than a reversal, potentially leading to a renewed uptrend. Validating The Bull Flag Pattern: Bitcoin Consolidation Phase Analysis Bitcoin’s recent dip below $61,000 served as a testing ground for this theory. The cryptocurrency demonstrated resilience [...]
newsbtc.com
#bitcoin #btc #price action #price analysis
SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
29.03.2024 08:21
SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess the viability of such a development, which included the participation of 38 institutions, including central banks and […]
bitcoin.com
#cbdc #crypto #cryptocurrency #fintech #interconnection #mbridge #swift
Bitcoin Cash Trading Escalates as Second Halving Event Nears
Bitcoin Cash Trading Escalates as Second Halving Event Nears
29.03.2024 08:13
Bitcoin Cash (BCH) is experiencing a surge in trading activity and open interest ahead of its second halving event set for April 4, with open interest in futures perpetual contracts reaching a record high of $708 million, an increase from the previous peak in May 2021. The increase in open interest and trading activity is […]
bitcoin.com
#bch #bitcoin cash #crypto #cryptocurrency #halving #news bytes
XRP Price Holds Support – Indicators Show Risk of Downside Break
XRP Price Holds Support – Indicators Show Risk of Downside Break
29.03.2024 06:58
XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. XRP is facing a major hurdle near the $0.6580 zone. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.5720 support. XRP Price Faces Uphill Task After a steady decline, XRP price found support near the $0.5720 level. A low was formed at $0.5714 and the price started a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.5880 and $0.600 resistance levels. The price cleared the 23.6% Fib retracement level of the downward wave from the $0.7442 swing high to the $0.5714 low. The bulls pushed the price above the $0.620 resistance zone, but the bears are active near $0.640. Ripple’s token price is now [...]
newsbtc.com
#ripple #xrp #xrpbtc #xrpusd #xrpusdt
Tether Formally Announces a Shift Towards Open-Source AI
Tether Formally Announces a Shift Towards Open-Source AI
29.03.2024 06:45
Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for “top-tier talent” to help them establish a new division dedicated to these developments. Tether Turns to AI, Opens Recruitment […]
bitcoin.com
#ai #crypto #cryptocurrency #open source #stablecoins #technology #tether
“The Colosseum” – GAIMIN’s Web3 Membership Program for Esports Fans
“The Colosseum” – GAIMIN’s Web3 Membership Program for Esports Fans
29.03.2024 06:00
The world of esports remains an ever-growing industry, where competitive gaming takes center stage. Gaimin Gladiators ( www.gaimingladiators.gg ), GAIMIN’s (www.gaimin.io) esports team, is making waves with a game-changing move, this time beyond the arena. We are introducing on 2nd April 2024 the first version of The Colosseum, our very own Web3 fan loyalty membership […]
bitcoin.com
#branded spotlight
Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn’t Over Yet
Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn’t Over Yet
29.03.2024 05:14
Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH retested the $3,450 zone before the bulls appeared, like Bitcoin. A low was formed near $3,459 and the price recently climbed higher. There was a move above the $3,520 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,680 swing high to the $3,459 low. There was also a break above a key bearish trend line with resistance at [...]
newsbtc.com
#eth #ethbtc #ethereum #ethusd #ethusdt
$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded
29.03.2024 05:13
Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock contract. Distribution of Blast Rewards Set to […]
bitcoin.com
#blockchain #crypto #cryptocurrency hacking #digital assets #security #web3 gaming
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
29.03.2024 03:52
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial $500 million to $800 million offering with H.C. Wainwright & […]
bitcoin.com
#bitcoin #bitcoin mining #cleanspark #crypto #cryptocurrency #news bytes
Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis
Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis
29.03.2024 03:46
Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF), a move aimed at providing investors with regulated exposure to ether without direct ownership of the cryptocurrency. Bitwise Aims for SEC Approval With Spot Ethereum ETF, Backed by Correlation Data Bitwise’s proposed ETF, conducted in […]
bitcoin.com
#bitwise #bitwise etf #crypto #cryptocurrency #ether #ethereum #ethereum (eth) #exchange traded fund #finance #sec
TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6
TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6
29.03.2024 03:15
PRESS RELEASE. Geneva, Switzerland, March 28, 2024 – HackaTRON Season 6, co-hosted between TRON DAO, HTX DAO, BitTorrent Chain, and JustLend DAO, introduces an exciting lineup of new sponsors, partners, and judges. Showcasing HackaTRON Sponsors Diamond Sponsors: Ankr: Specializing in decentralized infrastructure services for DApp development, Ankr supports the seamless integration and deployment of blockchain […]
bitcoin.com
#press release
Bitcoin Price Primed To Clear $71,500 and Rally Again
Bitcoin Price Primed To Clear $71,500 and Rally Again
29.03.2024 03:09
Bitcoin price is again rising above the $70,000 resistance zone. BTC seems to be setting up for a steady increase above the $71,500 resistance zone. Bitcoin price is climbing higher and above the $70,000 resistance zone. The price is trading above $70,500 and the 100 hourly Simple moving average. There is a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could soon start a fresh rally if it clears the $71,500 resistance zone. Bitcoin Price Regains Strength Bitcoin price remained well-supported above the $69,000 resistance zone. BTC climbed higher the $70,000 resistance zone to move again into a positive zone. The price broke the $71,000 level and retested $71,500. A high was formed near $71,539 and there was a downside correction. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $68,468 swing low to the $71,539 high. Bitcoin is now trading above $70,000 and [...]
newsbtc.com
#bitcoin #bitcoin price #btc #btcusd #btcusdt #xbtusd
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
29.03.2024 02:34
Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making it easier for them to make transactions. Celo Aims for Usability in […]
bitcoin.com
#altcoins #celo #crypto #cryptocurrency #gas token transaction fees #stablecoins #usdc #usdt
Blackrock CEO Larry Fink ‘Very Bullish’ on Bitcoin — Hails IBIT ‘the Fastest Growing ETF’ Ever
Blackrock CEO Larry Fink ‘Very Bullish’ on Bitcoin — Hails IBIT ‘the Fastest Growing ETF’ Ever
29.03.2024 00:20
The CEO of Blackrock, the world’s largest asset manager, Larry Fink, says he is “very bullish on the long-term viability of Bitcoin.” Noting that he is “pleasantly surprised” by the demand for Blackrock’s spot bitcoin exchange-traded fund (ETF), he emphasized that the Ishares Bitcoin Trust (IBIT) is “the fastest growing ETF in the history of […]
bitcoin.com
#blackrock #crypto #cryptocurrency #ethereum etfs #finance #ibit #ishares bitcoin trust #larry fink #spot bitcoin etfs #spot ether etfs
Bitcoin Bull Flag Could Predict 10% Surge To $77,000, Analyst Explains
Bitcoin Bull Flag Could Predict 10% Surge To $77,000, Analyst Explains
29.03.2024 00:00
An analyst has explained that a breakout from a bull flag pattern could lead Bitcoin to surging towards a new all-time high of $77,000. Bitcoin Has Been Forming A Bull Flag Pattern Recently In a new post on X, analyst Ali has discussed about a bull flag recently forming in the 4-hour price of the cryptocurrency. The “bull flag” here refers to a pattern in technical analysis that, as its name implies, looks like a flag on a pole. In this pattern, a sharp uptrend is succeeded by a period of consolidation towards the downside. The uptrend makes up for the pole, while the consolidation period acts as the flag. Related Reading: Dogecoin Soars 17% To Break $0.21 As Volume Explodes When the price is trapped inside the flag, it tends to find resistance at its upper line, so tops may be probable to form there. Similarly, the lower line may act as support, thus facilitating for bottoms to take shape. The bull flag is usually considered to be a continuation pattern, meaning that the prevailing [...]
newsbtc.com
#bitcoin #bitcoin bull flag #bitcoin news #bitcoin pattern #bitcoin price #bitcoin price prediction #bitcoin rally #bitcoin surge #btc #btcusd
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