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2023-09-03 14:50:11 Biggest Movers: LTC, BCH Surge 20% Higher on Friday

Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022.

Litecoin (LTC) rose above $100.00 for the first time since April, as traders seemingly remained bullish on the token following its recent listing on EDX markets.

Today’s move came as bulls were able to break out of a recent resistance level of $98.00, with the relative strength index (RSI) doing similar.

Should momentum continue, bulls will likely ease pressure closer to an upcoming level of 68.00.

Bitcoin cash (BCH) made significant gains for a second straight session, this time rising by over 20% to end the week. Open / Comment

2023-09-02 15:14:01 BTC MID-TERM UPDATE

The left part shows the 1W Bitcoin chart and the right part is about 1D one.

The left chart perfectly represents a strength of the $26,950 zone. All the weekly candles since the beginning of March were closed above this level. Bulls are doing their best to save it.

The right chart shows a local picture where we can see a long consolidation above this support level. That's why we are not worrying right now.

Outcome: as long as the price remains above the $26,950 — we are safe. Don't enter any margin position, there NO TRIGGER for it. In case of breakdown, just set up spot buy orders in the $24,000 - $25,000 zone.

There are chances that you will not have an opportunity to buy Bitcoin at such low price in the near future. Open / Comment

2023-09-01 15:32:01 Potential Rally on the Cards for Bitcoin (BTC), Predicts Firm

The blockchain intelligence firm Santiment predicted in a tweet this morning that Bitcoin (BTC) may rally soon. This optimistic outlook comes after the U.S. House passed a crucial debt ceiling deal, which subsequently resulted in the S&P500 as well as several altcoins spiking in the past 24 hours.

According to the post, the S&P 500 soared to its highest price since August of last year. In addition, altcoins such as Litecoin (LTC), UNUS SED LEO (LEO) and FantasyGold (FGC) also saw their prices jump recently. The increases in these altcoins’ prices led Santiment to believe that BTC’s price will soon follow suit.

At press time, the market leader’s price was trading at $27,104.41 following a 0.93% gain over the past 24 hours, according to CoinMarketCap. This positive price movement added to the crypto’s already-positive weekly performance – taking BTC’s total weekly gain to 2.49%. However, altcoins had outperformed BTC slightly, as its dominance was down 0.10%.

From a technical perspective, the daily RSI indicator on BTC’s chart supports Santiment’s bullish outlook, with the RSI line trading above the RSI SMA line at press time. In the past 48 hours, it had attempted to cross bearishly below the SMA line, but had rebounded.

Furthermore, the RSI line was positively sloped towards overbought territory – signaling bulls’ growing strength. The RSI line was also at 47.67, which meant that there was a lot of room for a bullish move before BTC would find itself in overbought territory.

Traders and investors may want to wait for BTC’s price to close above the 9-day and 20-day EMA lines before going long on the crypto. Should this happen, BTC’s price could climb to the next resistance level at $27,650 in the following 48 hours. On the other hand, a daily close below $26,515 would put BTC at risk of dropping to $25,800. Open / Comment

2023-08-31 15:35:15 H.R. Giger 'Alien' Statue to Be Fractionalized, Sold as NFTs

Particle, a digital art platform that offers fractionalized ownership of culturally significant artworks via the blockchain, will soon give collectors the opportunity to own a piece of an iconic sculpture by H.R. Giger—the Academy Award-winning artist who designed the titular creature featured in the 1979 sci-fi horror classic Alien.

The sculpture, “Necronom/Alien III, 2005,” depicts the famous xenomorph from the film franchise. The piece is edition #1 of a collection of six statutes, Particle CEO Harold Eytan told Decrypt.

"It is the only one following the prototype that was made by Giger himself, and the prototype remains at the Giger museum," he said.

Daniel Arsham on Making NFT Artwork That is ‘Not Possible’ in the Real World
It's made out of steel and polyester resin, and measures more than seven feet long and three feet tall. At least one of the sculptures was valued at more than $240,000.

Digital “particles” of the piece—NFT works that represent a 1/500 stake in the sculpture, representing a total value of half a million dollars—will go on sale for $1,000 each beginning June 16.

"A private collector in Germany is selling it through Particle following the group exhibition Species at the Mai36 gallery in Zurich," Eytan said. "It has only previously been in one other collection—and before that was in Giger's private collection."

Holders of Alien particles will be able to vote on whether the physical sculpture should be sold, should it ever receive an offer to be purchased. Open / Comment

2023-08-30 16:04:01 BTC

Both targets for Bitcoin were reached, the $30,500 resistance was broken upwards!

Ideally, we need to wait for the Daily Closure above this level to be sure, but such strong impulses give hopes! Next targets for Bitcoin are $32,000 and $33,000.

But globally, if now we are able to stay above $30,500 - $31,000, we can easily see $35,000 - $37,000 in the near future! Open / Comment

2023-08-29 13:53:00 US-Based Valkyrie Funds Plans to Convert BTF into Bitcoin and Ethereum ETF on Oct. 3. Open / Comment

2023-08-28 16:46:00 Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity

A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto.

Following the Nasdaq news, major investment bank Citigroup is now also taking time to rethink its approach to crypto, with Bloomberg reporting on Monday that the bank is “reviewing its partnership” with Swiss crypto custody software provider Metaco.

At the same time, State Street, another major US asset manager, has axed its deal with the London-based crypto custody provider Copper Technologies, Bloomberg said.

As with Nasdaq’s decision to move away from crypto, regulatory uncertainty in the US is believed to be a major reason for the firms to distance themselves from the nascent industry.

However, some things are also moving forward in the relationships between traditional finance and crypto-native firms. In Europe, French banking giant Societe Generale has been granted a license by the country’s regulator that will allow it to offer crypto custody services. Open / Comment

2023-08-27 13:53:00 MicroStrategy CEO Michael Saylor Commits Firmly to Bitcoin Amid ETF Developments. Open / Comment

2023-08-26 14:31:02 EGO listing made +200% profit on highest point, currently trading in +35% profit above the public sale price.

Great results, especially for such a boring market, hope you joined. If not, you can consider buying now since overall the current price is very good for entering. Open / Comment

2023-08-25 16:13:02 Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an unparalleled 51.23 trillion.

Data reveals that around 373 exahash per second (EH/s) of hashrate is committed to the Bitcoin blockchain, and the network’s hashpower has been consistently growing.

The most recent difficulty adjustment transpired at block height 792,288 with a 3.4% increase. The difficulty climbed from 49.55 trillion to the present 51.23 trillion after Wednesday’s surge. This is the first time Bitcoin has registered a difficulty above the 50 trillion mark. Open / Comment