Crypto Regulations Should Be Comprehensive, Consistent, and Coordinated, Says IMF
The IMF says that crypto assets are disrupting the existing financial system, and as such they should be regulated globally in a comprehensive and consistent manner.
Fractional NFT Markets See Significant Growth in 2021 as Market Cap Surpasses $200 Million
While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, […]
ConstitutionDAO: The failed project that shook the crypto world
ConstitutionDAO is a true underdog story that gave the world an idea of what DAOs, a new form of blockchain-based community, can accomplish in the future. For those not familiar with the saga, here’s what happened. What is ConstitutionDAO? ConstitutionDAO was launched on November 11 by a group of crypto enthusiasts as an attempt to […]
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Elon Musk & Crypto: “How One Man Has All That Power”
Elon Musk has made himself known as an entrepreneur, eccentric personality, crypto investor as well as part owner and heavy endorsor of power-meme turned token, Dogecoin. He continues to continues to educate those on the wonders and dangers of crypto. Let’s take a look at the history of Elon musk and crypto, particularly with Dogecoin. Related Reading | Bitcoin ATM Stolen During Raid In Barcelona Behind The Scene Moves… Elon has had his hand in many different projects – some that have hit, and others that look hopeful for the future. He has also been known as a influencer in what’s hot and what’s not, because of his power within social and mainstream media. Tesla owners have quickly established Apple-level brand loyalty. Musk has single-handled tweeted and affected the way people invest in high volumes. He currently holds the positions of co-founder, CEO and/or chief designer at SpaceX, Tesla, OpenAI, Neuralink and The Boring Company. Theses innovative companies cover a wide array of verticals, from AI to infrastructure, aerospace, electric vehicle manufacturing, and neuro-technology. Musk was apart of the early online payment days with his hand in finding Paypal, one of the first online transaction companies. One project Elon has played a role in growing is Dogecoin. Latest price action on Doge coin : Doge-USD on TradingView.com In April 2019, Elon Musk mentioned Dogecoin and his interest in being a doge-head, he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The price of the coin went from $0.002 on April 1 to as high as $0.004 on April 4. Musk continued tweeting about DOGE, and even had other celebs like Snoop Dogg join in. What’s Beef Musk has been known for his recent point of view on bitcoin, after being a holder – he exposed the threats and harms to the earth caused by bitcoin mining. These tweets caused controversy along with his in and out play with the fears of crypto. Some can say Musk was in part responsible for the 20% plunge Bitcoin went through, well as Dogecoin’s rise and drop after his SNL appearance. One thing we learned from Trump’s presidency, is the impact social media can have on the public today, and Elon has proved this theory right. The way he has used social media as a tool to influence the way people look at things is amazing. While some of it can be chance, if you look at the impact over time, it is clear that Elon has used Twitter and wielded influence that has impacted cryptocurrency. His following has shown that celebrities can play a role in exposing those projects to the main stream world to push crypto forward. Your mileage may vary. Related Reading | Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury
TA: Bitcoin Consolidates Below $50K: What Could Trigger A Sharp Decline
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if it stays below $50,000 for a long time. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading just below $49,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $49,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must settle above the $50,000 level to start a steady increase in the near term. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave from the $47,000 support zone. BTC climbed above the $48,500 and $49,000 resistance levels. It even broke the $50,000 zone and the 100 hourly simple moving average. However, there was no upside continuation above $50,800. A high was formed near $50,788 and the price started a fresh decline. There was a clear move below the $50,000 level. The price declined below the 50% Fib retracement level of the upward move from the $46,943 swing low to $50,788 high. Besides, there was a break below a key rising channel with support near $49,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading just below $49,000 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $49,200 level. The first major resistance is near the $49,500 level. The main resistance is near the $50,000 zone. A daily close above the $50,000 level could open the doors for more upsides. The next key resistance is near the $50,800 level, above which the price may possibly rise towards the $52,000 level. More Losses In BTC? If bitcoin fails to clear the $50,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $48,500 level. The first major support is now forming near the $48,400 level. It is near the 61.8% Fib retracement level of the upward move from the $46,943 swing low to $50,788 high. A downside break below the $48,400 support may perhaps push the price towards the $47,000 breakdown support. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level. Major Support Levels – $48,400, followed by $47,000. Major Resistance Levels – $49,200, $50,000 and $50,800.
Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see […]
90% Of All 21 Million Bitcoin Have Now Been Mined
Once people, institutions, and governments start realizing how scarce Bitcoin is, a whole new level of FOMO will ensue.
Popular NFTs To Invest In – Add These To Your Portfolio
Non-Fungible Tokens (NFTs) have become popular over the last year, especially in recent times when we have seen an explosion of minting and some unbelievable […]
TA: Ethereum Plunges to $4K: Can Bulls Save the Day?
Ethereum is struggling to gain pace above the $4,050 zone against the US Dollar. ETH price is recovering, but the bulls could face resistance near $4,175. Ethereum extended decline below the $4,050 and $4,000 support levels. The price is now trading below $4,100 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support near $4,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $4,100 resistance zone and the 100 hourly SMA. Ethereum Price Struggle Continues Ethereum struggled to gain pace above the $4,175 and $4,200 levels. ETH started a fresh decline and traded below the $4,100 support zone. There was a close below $4,100 and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $4,080 on the hourly chart of ETH/USD. The pair traded below the 50% Fib retracement level of the recovery wave from the $3,833 swing low to $4,176 swing high. It is now showing a few bearish signs below the $4,100 level. An initial resistance on the upside is near the $4,050 level. The first major resistance is near the $4,100 level and the 100 hourly SMA. Source: ETHUSD on TradingView.com The next major hurdle is near the $4,175 level. A clear break and close above the $4,175 level could stage a steady increase in the near term. In the stated case, the price might even surpass the $4,250 resistance in the near term. The next major resistance is near the $4,350 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,100 level, it could extend its downside correction. An initial support on the downside is near the $4,000 level. The key support is now forming near the $3,960 level. The 61.8% Fib retracement level of the recovery wave from the $3,833 swing low to $4,176 swing high is also near the $3,960 support zone. If there is a clear break below the $3,960 support, the price could extend losses. The next major breakdown support is $3,850, below which the price could decline towards $3,600. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $3,960 Major Resistance Level – $4,175
Bitcoin (BTC) Price Prediction: BTC/USD in a Tight Range between $47k and $50k as Further Selling Is Imminent
BTC/USD May Lose $47k Support as Further Selling Is Imminent – December 12, 2021 On December 10, BTC/USD fell to the low of $47,051 as […]