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Robert Kiyosaki: Will Again Buy Bitcoin (BTC) When it Hits $27K

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  • Robert Kiyosaki says that Bitcoin crashing is great news.
  • He will buy BTC again when it hits $27,000.
  • Bitcoin has strong support at $23.3k.

Rich Dad, Poor Dad author Robert Kiyosaki made a recent tweet that Bitcoin crashing is great news. In addition, he mentioned that he will buy BTC again when it hits $27,000.

Kiyosaki adds,

When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment. Remember the problem is not gold, silver, or Bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.

Kiyosaki is an outspoken problem of the Fed, the Treasury Department and the Biden administration, calling them losers and socialists, and evaluating the demise of the dollar.

Crypto prices seesawed moderately over the Memorial Day weekend, avoiding the worst fears of few investors who predicted a bloody weekend of bearishness. According to CoinGecko, the BTC price is trading at $36,990.93 with a 24-hour trading volume of $34,687,656,626, at the time of writing.

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BTC/USDT Price Chart (Source: TradingView)

As per the chart above, BTC has strong support at $23.3k. This indicates that there is a possibility of Bitcoin hitting $27k soon. But bitcoin is down more than 37% so far in May, the cryptocurrency’s worst monthly performance since September 2011.

Bitcoin prices later bottomed out nearly $2 in October 2011. Since its mid-April peak near $65,000. Moreover, bitcoin has tumbled about 45%. Despite a rough couple of months, bitcoin is still up 24% year to date, and up about 270% over the past year.

Source: https://coinquora.com/robert-kiyosaki-will-again-buy-bitcoin-btc-when-it-hits-27k/

Blockchain

Bitcoin, Ether, or XRP – The crypto of choice for terror funding is…

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It has been a tense time for Coinbase. The crypto-exchange recently felt the regulatory squeeze when the United States SEC reportedly threatened to sue if Coinbase launched its high-interest crypto product – Lend.

These developments, however, haven’t stopped the exchange from highlighting its efforts towards compliance. A recently-released Twitter thread is a case in point.

The crypto-exchange yesterday shared statistics about cryptocurrencies’ link to global terrorism, and what it is doing to combat the threat.

Coinbase investigates

Cryptocurrency’s “links” to terrorism are a major reason behind the FUD among international policymakers and regulators.

And yet, a report by Coinbase’s Special Investigations Team found that “illicit activity” made up less than 1% of all activities in the crypto-space in 2020. This was an observation arrived at after looking at the BTC, ETH, LTC, BCH, and XRP blockchains or ledgers.

About terrorism, the report stated,

“Further breaking down illicit activity, we find that transactions associated with terrorist financing (TF) in 2020 made up less than 0.05% of all illicit volume. As such, terror funding in cryptocurrencies remains extremely low in overall terms.”

It’s worth noting, however, that the report identified the Palestinian militant group Hamas as having raised the most funds among terrorist organizations.

Do terrorists have any preferences?

According to the said report, Hamas has collected more than $750,000 in Bitcoin since 2018. After Hamas, the Saudi-led jihadi activist movement has raised more than $250,000 in Bitcoin and altcoins. In third place, came an Al Qaeda-related exchange service.

Source: Coinbase Blog

Bitcoin was the most prominent crypto in terrorism financing, but the report also identified the growing popularity of altcoins such as XRP and Ether.

Bitcoin’s popularity could be due to its status as the biggest crypto and the coin’s relative stability. Meanwhile, XRP’s use case is similar to the cross-border hawala remittance practice common in Middle Eastern and South Asian cultures.

In order to stop terror funding campaigns, Coinbase claimed it would “blocklist” crypto-addresses related to such institutions, use its analytics, and work with agencies like the FBI.

Analyzing Hamas

Put simply, the Palestinian organization aims to destroy Israel. It has two main components – A military force and a social welfare arm.

In 2020, Chainalysis reported how the organization’s Izz ad-Din al-Qassam Brigades (AQB) launched multiple campaigns to raise Bitcoin donations. Their tactics included instructional videos for both basic and experienced tech users, as well as unique payment addresses for every donor.

While crypto-terror funding is a small part of the vast DeFi sector, traders can expect to see more exchanges and companies keeping a watch on organizations classified as terror groups.

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Source: https://ambcrypto.com/bitcoin-ether-or-xrp-the-crypto-of-choice-for-terror-funding-is

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Ethereum Wallet Transfers $215 Million Worth of ETH

ETH Whale moved 71,191 coins to an unknown wallet on 22 September.

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The network activity of Ethereum has jumped substantially since the start of this week amid the price volatility of ETH. Whale Alert, a prominent blockchain tracking and crypto analytics platform, recently highlighted a transaction worth $215 million involving the transfer of 71,191 Ethereum from an unknown wallet.

The mentioned transfer was executed on 22 September at 16:06 UTC. In a separate transaction, a crypto whale account moved 21,587 Ethereum from digital exchange Binance to an unknown wallet. Since the London Hard Fork, Ethereum’s overall whale activity has increased sharply.

The exchange supply ratio of Ethereum saw a jump in the last few days but the overall trend remained negative. The latest data from Santiment shows that some ETH holders dumped the world’s second-largest digital currency during this week’s market volatility.

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“During the recent dip, there was an influx of ETH to exchanges, likely indicating that some people have sold off during this dip. Overall, ETH supply on exchanges remains on a downtrend which is a good thing as it alleviates sell pressure. ETH’s Daily Active Addresses remains rather active over the past 6 months, indicating the health of the network is still strong,” Santiment highlighted.

Ethereum 2.0 and ETH Whales

Ethereum’s network upgrade is probably the most important development for the world’s second most valuable digital asset. Since the launch of Beacon Chain in December 2020, the ETH network saw a jump in large transactions. Ethereum whale accounts accelerated the movement and accumulation of ETH since the London Hard Fork in August 2021. On 21 September, a leading ETH whale account moved 75,730 coins to an unknown wallet.

After a sharp decline of approximately 20% in the last seven days, Ethereum is now back above the price level of $3,100. The cryptocurrency gained nearly 8% in the last 24 hours. The overall market cap of ETH touched $370 billion today. The cryptocurrency now accounts for 18.5% of the overall crypto market cap.

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Source: https://www.financemagnates.com/cryptocurrency/news/ethereum-wallet-transfers-215-million-worth-of-eth/

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Litecoin (LTC) Price Analysis: Recovery Possible Above $175

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  • Litecoin price declined heavily below $180 and tested $145 against the US Dollar.
  • LTC price is now trading below $170 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $164 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair must move above the $175 resistance to start a decent recovery in the near term.

Litecoin price is recovering losses from $145 against the US Dollar, similar to bitcoin. LTC price could continue higher if it clears $165 and $175.

Litecoin Price Analysis

This past week, there was a major decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. LTC broke many supports near $180 to enter a bearish zone.

There was also a break below the $165 level and the 55 simple moving average (4-hours). It tested the $145 zone and recently corrected higher. It climbed the 23.6% Fib retracement level of the recent decline from the $195 swing high to $144 swing low.

However, it is still trading below $170 and the 55 simple moving average (4-hours). An immediate resistance is near the $162 level. There is also a major bearish trend line forming with resistance near $164 on the 4-hours chart of the LTC/USD pair.

The next key resistance could be $170. It is close to the 50% Fib retracement level of the recent decline from the $195 swing high to $144 swing low.

The main resistance could be near the $175 level and the 55 SMA. A close above the $170 and $175 levels could open the doors for a decent increase. In the stated case, the price could rise towards the $188 resistance in the near term.

On the downside, an immediate support is near the $155 level. If there is a downside break the $155 support level, the price could revisit $150. The next key support is near the $145 level, below which there is a risk of a move towards the $125 level.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly trading below $170 and the 55 simple moving average (4-hours). Overall, the price must move above the $175 resistance to start a decent recovery in the near term.

Technical indicators

4 hours MACD – The MACD for LTC/USD is now gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is still below the 50 level.

Key Support Levels – $155 and $145

Key Resistance Levels – $165 and $175.

Tags: litecoin, LTC
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Source: https://www.livebitcoinnews.com/litecoin-ltc-price-analysis-recovery-possible-above-175/>

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