Droppers of btc

2023-09-29 17:27:01 Bitcoin, Ethereum Technical Analysis: BTC Above $27,000, ETH Reaches 1-Month High

Bitcoin continued to trade above the $27,000 level on Friday, after a surge beyond this point towards the end of yesterday’s session. Ethereum rallied to a one-week high. Bitcoin remained above the $27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.

Following a low of $26,424.95 on Thursday, BTC/USD raced to an intraday high of $27,259.50 earlier in the day. As a result of the move, bitcoin rose to its highest level since September 20, when price peaked at $27,393.00.

Bitcoin chart by TradingView

However, earlier gains have since edged lower, largely due to a collision which took place on the relative strength index (RSI). Looking at the chart, the index was unable to push past a resistance level of 58.00, and has since fallen to a reading of 56.57.

Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.

Ethereum chart by TradingView

Ethereum (ETH) continued to trend higher on Friday, breaking out of a key resistance level in the process. ETH/USD peaked at $1,687.28 earlier in today’s session, which comes a day after trading at a low of $1,620.68.

This surge has resulted in ethereum climbing over a long held ceiling at $1,670, hitting a one-month high in the process. The latest uptrend coincided with the relative strength index moving beyond a ceiling of its own at 57.00. It is now tracking at 58.61. Open / Comment

2023-09-26 18:44:01 Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound Ahead of US Consumer Confidence Data

Bitcoin rebounded from a multi-week low on Tuesday, as markets awaited the latest consumer confidence report in the United States. The latest figures from the Conference Board are expected to show a slight decline, with a reading ofи This will be down from 106.1 the month prior.

Bitcoin was back in the green on Tuesday, as its price rebounded from a multi-week low during yesterday’s session. BTC/USD peaked at $26,421.51 earlier today, which comes following a low of $26,011.47 the day prior.

Monday’s low saw the world’s largest cryptocurrency trade at its weakest point since September 13, after dropping below $25,800. From the chart, it appears that the rebound in price came as a result of the relative strength index (RSI), finding a floor of its own at 45.00.

As of writing this, price strength is now tracking at 45.84, with the next visible point of resistance at the 55.00 mark. Should bulls reach the 55.00 level, there is a strong possibility that BTC will move close to the $27,000 zone.

Ethereum (ETH) also rose higher on Tuesday, after dropping to a key point of support to start the week. Following a low of $1,565.03 on Monday, ethereum rallied to an intraday high at $1,598.10 less than 24 hours later.

Not only did ETH bulls reject a breakout below a floor at $1,565, but also used this as a point of reentry, buying the dip in price. Similar to bitcoin above, the surge came as a floor of the RSI also held firm, acting as a springboard for traders.

ETH continues to hover below the $1,600 level, however, this could change following this afternoon’s consumer confidence report. Open / Comment

2023-09-23 19:07:01 Bitcoin, Ethereum Technical Analysis: BTC Establishes a New Support Point on Saturday

Bitcoin started the weekend in consolidation, as traders seemingly found a new price floor at $26,500. The price uncertainty comes as markets settled following a volatile week, which was headlined by the Federal Reserve rate decision. Ethereum remains below $1,600.

Bitcoin consolidated for a second straight session, with the cryptocurrency hovering around a floor at $26,500. Following a high of $26,786.10 on Friday, BTC/USD slipped to a low of $26,389.30 earlier in the session.

The price of bitcoin has since rebounded, and at the time of writing this is trading at the $26,581.84 level. It appears that the rebound came as the relative strength index (RSI) failed to break out of its own floor at 50.00.

At the time of writing this, price strength is tracking at 50.01, and should this hold, bulls could be tempted to reenter the market. Moving averages continue to signal that there could be an incoming uptrend, with the 10-day (red) trend line still higher.

Ethereum (ETH) remained under the $1,600 on Saturday, despite attempts by bulls to reenter this region. ETH/USD dropped to a low of $1,587.43 to start the weekend, hours after bulls pushed price to an high of $1,599.97.

However, it appears that there could be another attempt to move past this level, with ethereum currently trading at $1,593.07. Unlike bitcoin, an upwards crossover of moving averages has yet to occur, however it seems like this could happen at any point. Open / Comment

2023-09-20 19:10:08 Awakening of 2012 Bitcoins: 8 Transfers Mobilize 520 BTC After 11 Years

In September 2023, a flurry of dormant so-called “sleeping bitcoins” from 2012 stirred to life. On September 18, a whopping 909 BTC worth more than $24 million changed hands. Not resting there, the momentum carried into the next day when vintage transfers from 2012 mobilized 519.95 bitcoin, boasting a value of over $14 million.

Following the five BTC transactions from 2012 executed on Monday, Tuesday saw another burst, moving an additional 519.95 BTC. At block height of 808,426, the address “15ZuB” sprang into action, shifting ten bitcoin valued at a cool $270K.

This digital wallet came into existence on October 7, 2012. After, block 808,437 witnessed another ten bitcoin from 2012 being unleashed from “1MLs3,” an address originating on November 11, 2012. Then, in another twist, block 808,438 experienced a similar movement, with yet another ten bitcoin on the move.

This vintage transfer came from the “1365X” address, created on December 12, 2012. The trio of transactions each boasted a “moderate” privacy rating of 55, as evaluated by blockchair.com’s privacy assessment tool.

A while later, at block 808,493, a set of three transactions from 2012 were spent. The legacy addresses were created on September 10 and 11, 2012. The address “1BEFy” spent 99.89 BTC, “1G2j4” moved 99.99 BTC and the final address “1ucmw” moved 100.09 BTC. All eight transfers from 2012 were caught by btcparser. Open / Comment

2023-09-20 12:00:06 Step into the gaming future with Vave Platform!

Enjoy 100% cashback on your first crypto-sports bet deposit as a new player. Register using promo code DROP during registration to unlock premium slot machines and live gaming.

But that's not all! Don't miss the #VaveCommunity 2nd Season at http://Zealy.io ending on September 25th for a chance at the $1250 prize!

Explore quests, rewards, and exhilarating challenges waiting for you. Join now!

Stay up to date with all the offers at @vave_official Open / Comment

2023-09-17 20:14:02 Deciphering the Differences Between Proof-of-Stake and Proof-of-Work

As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS). This explainer will examine how these protocols differ and the unique benefits and drawbacks of each.

Proof-of-work (PoW), first introduced by Bitcoin in 2009, requires miners to compete to add new blocks to the blockchain. By expending significant computational power, miners prove that the work was done to validate transactions. The first miner to win the race and discover a block is rewarded with newly minted cryptocurrency.

Rather than miners, PoS networks have “validators” who stake or lock up their coins to participate in transaction validation.

The idea is that staking coins aligns incentives between token holders and the network. In some versions of PoS, validators are randomly selected to propose new blocks, rather than competing to discover them.

PoS advocates consider this much less computationally expensive. However, PoS networks are considered susceptible to various attacks, like censorship, whales manipulating consensus, Sybil attacks, and the nothing-at-stake attack.

PoS proponents believe proof of stake is the future, enabling faster, cheaper transactions. Both have trade-offs. Hybrid models aim to combine the best of both worlds. Open / Comment

2023-09-14 20:17:01 Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin

Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse repurchase agreements.

As of August 31, 2023, $45.36 million supports PYUSD, which has a notional value of approximately $44.50 million. Paxos’ repurchase agreements are characterized by “overnight maturity with reputable financial institutions and overcollateralization with U.S. Treasuries,” as highlighted in the update.

The report states that out of the total, $43.86 million is collateralized by Treasury notes, and $1.5 million is collateralized with cash reserves. “As all trades are overcollateralized, the risk of loss is not deemed to be material,” Paxos assures in the transparency report.

Paxos also mentions that it collaborates with BMO Harris Bank, Customers Bank, and State Street Bank. “In order to support overnight and weekend liquidity, Paxos maintains balances in excess of FDIC insurance limits,” the company discloses. Open / Comment

2023-09-12 19:22:01 Report: More Than 50 Virtual Currency Platform Operators Want to Join the Taiwan Market

About 52 virtual currency operators have shown interest in joining Taiwan’s financial market, the Financial Supervisory Commission has said. The commission also said that it is planning to announce the region’s first virtual asset management guiding principles sometime in September.

As explained in one local report, the FSC made these revelations during a public hearing conducted by a local legislator Guo Guow. In addition, the regulator also revealed that it is planning to announce sometime in September the first virtual asset management guiding principles.

The report also suggested that authorities in the region have however not ruled out setting up laws specific to virtual assets. Yet, before such laws are enacted, virtual assets will reportedly be regulated under the Money Laundering Prevention Act.

However, the report said under the current guidelines, aggrieved virtual asset investors cannot lodge complaints against operators with the Financial Review Center. Nevertheless, the FSC said it will still attempt to protect virtual asset users via other methods at its disposal. Some of these methods include asking operators to separate their assets from users’ funds. Open / Comment

2023-09-09 18:49:02 Bitcoin, Ethereum Technical Analysis: Price Movement in BTC

Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the cryptocurrency has largely been unchanged.

Bitcoin started the weekend trading close to the $26,000 level, as bulls attempted to break into this price zone. Friday saw bitcoin peak at $26,414.01, however as the day progressed, price slipped, after bulls were unable to move past a key resistance point.

BTC/USD was trading at a low of $25,730.12 earlier in today’s session, however it has marginally risen, and now sits at $25,862.51. The slight increase comes as the relative strength index (RSI) moved closer to a key resistance level of 45.00.

At the time of writing, the index is tracking at a reading of 39.66, after making a move towards a floor of 35.00 on Friday. The 10-day (red) and 25-day (blue) moving averages look set for a cross in the near future, which could trigger a rise in bullish sentiment. Open / Comment

2023-09-06 18:50:08 G20 Nations Actively Discussing Crypto Framework, Says Indian Finance Minister

The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” she emphasized.

Regarding crypto discussions at the G20, the Indian finance minister emphasized: “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets.”

She also noted that crypto is both “a threat as well as an opportunity,” emphasizing: “As much as you build firewalls, there are more and more newer ways in which attacks are being made.”

India’s Prime Minister Narendra Modi said last month that crypto needs “a global framework and regulations.” Open / Comment