According to a recent report by Reuters, D.E. Shaw, a renowned hedge fund, has strategically acquired a stake in Riot Blockchain (RIOT.O). This development marks D.E. Shaw as the second
Tesla’s recent Q4 report reflects a significant $600 million paper gain from its bitcoin holdings, highlighting the impact of new accounting practices on digital asset valuation. This shift in reporting,
El Salvador has amended its Bitcoin regulations, impacting its previous mandate related to cryptocurrency, in a significant shift aligning with IMF requirements. This recent legislative change aims to lessen the
The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments.
On January 30, COINOTAG News reported that Grayscale’s parent organization, Digital Currency Group (DCG), has launched a new subsidiary specifically focused on cryptocurrency mining. This strategic move underscores DCG’s aim
Adoption can’t happen without practical cross-border cooperation, which will support the growth of digital assets while managing risks and ensuring regulatory compliance.
The recent surge in Ethereum’s active addresses and total value locked in DeFi projects indicates a potential bullish trend for ETH amidst fluctuating market conditions. Ethereum’s average active addresses surged
Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480 resistance levels. Dogecoin Price Aims Higher Dogecoin price started a fresh decline from the $0.3850 resistance zone, unlike Bitcoin and Ethereum . DOGE dipped below the $0.3500 and $0.3350 support levels. It even spiked below $0.320. A low was formed at $0.3052 and the price is now rising above the 50% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.330 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3390 level and 61.8% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. The first major resistance for the bulls could be near the $0.3480 level. The next major resistance is near the $0.3550 level. A close above the $0.3550 resistance might send the price toward the $0.3660 resistance. Any more gains might send the price toward the $0.3880 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.340 level, it could start another decline. Initial support on the downside is near the $0.3250 level. The next major support is near the $0.3150 level. The main support sits at $0.3150. If there is a downside break below the $0.3150 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.3250 and $0.3150. Major Resistance Levels – $0.3400 and $0.3480.
Will DeFi big players increased interest in Ethereum boost ETH's prospects?
CRYPTO ETF FLOWS JAN 29, 2025: Bitcoin ETFs Record $92 Million Net Inflows, Ethereum ETFs Experience -$4.7 Million Net Outflows. ————— 💰Coin: Bitcoin ( $BTC ) $105,185.70 Ethereum ( $ETH