The Crypto market is still suffering from ushered in a week of plummeting. Bitcoin was plunging to around $34,000 on last Friday while Ethereum also touched a low of 2,300 on the same day. (Read More)

US President Joe Biden's administration is working on an initial government-wide strategy on digital assets for release next month. (Read More)

According to the Bloomberg report, the United States Biden administration is preparing to release an executive order on cryptocurrencies as soon as next month. The order is expected to bring an initial government-wide strategy, assessing the risks and opportunities of digital assets. Though there is no official confirmation on the upcoming executive order, senior administration […]

Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000. Bitcoin started a major decline below the $40,000 and $38,000 support levels. The price is now trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $34,000 support. Bitcoin Price Extends Losses Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone. It traded as low as $34,007 and is currently consolidating losses. It is now trading below $38,000 and the 100 hourly simple moving average. On the upside, an initial resistance is near the $36,200 level. There is also a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair. The trend line is near the 23.6% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. The first major resistance is near the $36,800 level. An upside break above the $36,800 resistance could start a steady recovery wave towards $38,000. The next key resistance is near the $40,000 level, above which the bulls might aim a test of $41,200. Source: BTCUSD on TradingView.com An intermediate resistance is near the 50% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. Any more gains may perhaps call for a move towards the $42,500 resistance zone. More Losses in BTC? If bitcoin fails to start a fresh increase above $36,500, it could start another decline. An immediate support on the downside is near the $34,500 zone. The first major support is seen near the $34,000 zone. A downside break below the $34,000 support zone may perhaps spark another major decline. The next major support is near $32,500, below which the price could even decline below the $32,000 zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level. Major Support Levels – $34,500, followed by $34,000. Major Resistance Levels – $36,250, $36,500 and $38,000.

Warrragwag, a Filipino interior designer-turned-artist, shared his journey from being a BS Architecture graduate from UST to an NFT artist at the Inaugural Tezos Crypto Art Exhibit.

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DPC Week 6 games and tiebreaker results for the NA region. The North American DPC region has been one of…

The post Dota 2: 2022 DPC NA Division I And Division II Week 6 Results appeared first on Esports News Network | ESTNN.

The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden administration is reportedly preparing to release an initial government-wide […]

What makes the first month of the year such an important part of Bitcoin’s history?

Once again, on Saturday, the Solana Status page confirmed rumors that there was a high number of transaction failures for the past 2 to 3 days after some of the network’s users voiced concerns. “Solana mainnet beta is experiencing high levels of network congestion…..The current issue experienced by validators is due to excessive duplicate transactions.’ […]

The price of ADA moves up and down after the SundaeSwap launch, initially starting with excitement around the launch but then following the downtrend of Bitcoin as we can see further in our latest Cardano news. ADA’s price has been up around 10% in the past week tied to the launch of Cardano’s beta version […]

Russia’s main stock index, MOEX, has crashed more than 20% since late October (pictured), plunging by 10% since January 12th. Tensions between Russia and Ukraine with speculation intensifying about a...

Bitcoin has established itself as an alternative new-age financial instrument. There is a steady increase in the price of Bitcoin

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