Bitcoin, Ethereum and even Dogecoin registered a spike in prices following Elon Musk’s tweet. The world’s richest person, Tesla and SpaceX Chief Executive Officer Elon Musk has been quite influential in terms of driving the price action of cryptocurrencies. In his recent tweet, Musk stated that he would not be selling his Bitcoin, Ethereum and Dogecoin and that he still continues to own them. This tweet came after Elon Musk asked a question about the expected rate of inflation in the next few years. Soon after that particular tweet, Bitcoin, Ethereum and even Dogecoin registered upward price movements on their respective charts. BTC was up by 3%, while Ethereum gained a little above 2% and Dogecoin zoomed up by 4%. Despite a positive price sentiment, cryptocurrency’s prices remain quite volatile. At press time these coins reversed some of the recent gains. Related Reading | Bitcoin MPI Rises To Highest Value Since March 2021, Bull Rally Soon? Bitcoin Price Analysis: Four Hour Chart Bitcoin was priced at $38,428 at the time of writing. It lost 0.8% of its market value. It is safe to say that BTC was consolidating as the coin has been struggling to move past the $39k mark. Strong support for the coin stood at the $37k mark, however, sharp resistance awaited the token at $40k. In case BTC breaks on the upside and manages to climb over the $39k mark, the next stop would be around the $42k-$43k region. On the flip side, a breakthrough at the $37k support mark would push BTC to trade in between the $37k-$34k price levels. Bitcoin Technical Analysis The technical outlook however suggests bearish pressure in the market. The volume of Bitcoin was seen declining as the previous sessions closed in the red. The Relative Strength Index also corresponded with the bears hence sellers re-entered the market. Awesome Oscillator that depicts market momentum. The indicator was seen turning green which meant that market momentum could change directions over the upcoming trading sessions. Bollinger Band indicate volatility and it flashed a squeeze which meant that prices could witness sharp fluctuations in the next trading sessions. Ethereum Price Analysis: Four Hour Chart Ethereum was trading for $2528 at the time of writing. Prices were seen trading laterally and the coin depreciated slightly by a per cent after noting gains in the past 24 hours. Overhead price ceiling was at $2614, following which the coin could encounter strong resistance at $2722. On the other hand, ETH’s local support was at $2450. Ethereum Technical Analysis The volume of Ethereum traded has declined which is correlated to a fall in the number of buyers in the market. The technical outlook painted a bearish pull. Ethereum was seen below the 20-SMA line and that corresponds to sellers taking charge of the current price momentum. Bollinger Bands tightened and that is a sign of sharp price volatility. Although ETH was trading sideways, prices could either swing up or down sharply over the next trading sessions. The Relative Strength Index was below the half-line indicating more number of sellers. Related Reading | QuickSwap Asks The Community, To Split or Not to Split QUICK Token?

Welcome to the OCE Report Card, where we take a look at our regional reps as they hit up the biggest tournaments overseas after tens of months in isolation at home. Our first* students of the year — a brave but embattled team without a home and an adopted crew of mice. ESL Pro League’s […]

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Despite mainly being in the red, there were a few notable big movers in crypto markets on Friday. Initially, STX was one of them, climbing by as much as 36%, before giving up all of these gains. However, RUNE and KDA managed to sustain gains. Thorchain (RUNE) Thorchain (RUNE) rose for the second time in […]

LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that […]

Following an extended period of bearish pressure, bitcoin’s price surged on Wednesday, as bulls returned to the market. ETH was also higher, climbing to a five-day high in the process. Bitcoin Bitcoin finally broke above its recent price ceiling on hump-day, leading to the world’s largest cryptocurrency snapping a six-day losing streak. Following a low […]

A look at how far the information security industry has come - and how far it still has to go.

Cosmos was 10% lower on Saturday, as the red wave once again submerged crypto markets. Despite this, Anchor protocol was again able to extend gains, climbing by as much as 15% in the process. Cosmos (ATOM) Cosmos (ATOM) was able to hang on to the #20 spot in the crypto top 100 on Saturday, despite […]

Bitcoin dropped 8% to $38,000, erasing much of its recent rally.  The latest sell-off was triggered by data showing strength in the U.S. jobs market, which furthers the case for a Federal Reserve rate hike this month. Traders were now looking at $35,000 as the next support level. A breach would put Bitcoin exactly where

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An at-home bitcoin miner describes his setup, offsetting heat costs, tax incentives and his role in securing the Bitcoin network.

While watching a fearful memory take shape in the brain of a living fish, neuroscientists see an unexpected level of rewiring occur in the synaptic connections.

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Yenwen Feng says Perpetual Protocol and True plan to increase the asset cap in…

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