Bitcoin’s recent price action reflects investor caution as key support levels are tested following record highs, igniting discussions on market stability. After reaching unprecedented heights, Bitcoin is now consolidating around
MicroStrategy chairman Michael Saylor has once again stressed the importance of the US having a strategic Bitcoin Reserve. In his latest CNBC interview, Saylor said that accumulating one million Bitcoins over the next five years can help the government reduce the US national debt by a staggering $16 trillion i.e. over 45% of the existing The post How Bitcoin Reserve Will Cut US National Debt by $16 Trillion? Michael Saylor Explains appeared first on CoinGape .
Bitcoin is consolidating after new all-time highs, but bulls cannot afford to lose track of too many potential support levels, says BTC price analysis.
The latest trends in the crypto market spotlight a surge in cat-themed tokens, with POPCAT, MEW, and MOG achieving record highs amidst growing investor interest. This notable increase in value
The post Crypto vs SEC Cases Could Be ‘Dismissed or Settled’ Under Trump, Says Joe Lubin of Consensys appeared first on Coinpedia Fintech News Consensys CEO Joe Lubin anticipates a favorable shift for the crypto industry with Donald Trump’s reelection, expecting that many SEC cases against crypto firms could be “dismissed or settled.” Speaking at DevCon 2024 in Thailand, Lubin suggested that Trump’s pro-crypto stance and his pledge to remove SEC Chair Gary Gensler could potentially save the industry …
Golden Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Golden Shiba (GOLDSHIB), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days. This is because GOLDSHIB is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Golden Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
BNB price struggled to clear the $665 resistance zone. The price is consolidating and might aim for a fresh increase above the $635 level. BNB price started a downside correction from the $665 resistance zone. The price is now trading below $640 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Holds Support After a close above the $620 level, BNB price extended its increase. However, upsides were limited above $660 and the price remained capped, unlike Ethereum and Bitcoin. There was a move below the $632 and $620 levels. However, the price is now holding gains above the $600 level. A low was formed at $616 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $661 swing high to the $616 low. The price is now trading below $620 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB/USD pair. If there is a fresh increase, the price could face resistance near the $626 level. The next resistance sits near the $638 level or the 50% Fib retracement level of the downward move from the $661 swing high to the $616 low. A clear move above the $638 zone could send the price higher. In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger move toward the $665 resistance. Any more gains might call for a test of the $680 level in the near term. More Losses? If BNB fails to clear the $638 resistance, it could start another decline. Initial support on the downside is near the $620 level and the trend line. The next major support is near the $615 level. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $620 and $615. Major Resistance Levels – $638 and $650.
On November 15th, COINOTAG reported significant movements in the Ethereum market, drawing attention to a well-known whale address. This account, which previously staked 32,416 ETH last year, has recently shown
President- elect Donald Trump and his team are developing a plan to establish a Bitcoin(BTC) reserve, and his…
After a prolonged period of inflows, US spot crypto ETFs faced significant outflows amid a market cap drop for Bitcoin and Ethereum. The decline marks a pivotal shift in investor