A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is The post New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report appeared first on The Daily Hodl .
Steam players seem to be breaking its refund policy for upset Helldivers 2 clients who are not happy with recent changes made by PlayStation. The dispute arises because PlayStation Network (PSN) online sign-in is required by PlayStation for Helldivers 2 players on PC. This has resulted in anger within the gaming community. Steam has the
CZ gets four months in prison, Gary Gensler had Ether as security for at least 1one year, and the FBI targets crypto mixers.
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Peter Brandt shares views on cryptocurrency struggles. He aligns with Michael Saylor on Bitcoin's dominance. Continue Reading: Peter Brandt Discusses Crypto Market Dynamics
Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves the flagship crypto might make soon enough. What Next For Bitcoin? In their newsletter titled “Fake Dip?” 10x Research drew the crypto community’s attention to the fact that Bitcoin has historically experienced potential rallies whenever its relative strength index (RSI) drops to 40%. As such, there is the possibility that BTC could again rally following its recent decline. Related Reading: Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price The research platform warned that a “line in the sand” at the $62,000 mark could keep the flagship crypto from rallying. However, Bitcoin has already broken above that level, which could mean there is still a bullish sentiment around the crypto token. Meanwhile, the research hinted that BTC would need a catalyst to enjoy a sustained rally. They highlighted four bullish events that helped Bitcoin enjoy a parabolic run soon after breaking a vital support level. These events included Treasury Secretary Janet Yellen’s bid for uncapped deposit insurance, BlackRock’s application for a Spot Bitcoin ETF, Franklin Templeton also filing for a Spot Bitcoin ETF, and when US Core PCE dropped below 3.0%. This echoes the sentiment of Andrey Stoychev, Head of Prime Brokerage at Nexo, who previously mentioned that Bitcoin would need a catalyst to make a significant move to the upside. He predicts that Bitcoin will only continue to trade around the $67,000 range without this catalyst. 10x Research didn’t sound optimistic about BTC enjoying a sustained rally, as their trend model indicates that the flagship crypto is in a downtrend. Despite that, they are not ruling out the possibility of BTC experiencing a bullish reversal. The research firm also revealed that they would look to buy the dip if Bitcoin drops significantly or rallies from here. BTC Still Destined To Hit New Highs Crypto analyst Mikybull Crypto recently suggested that Bitcoin will still hit new highs. He stated that Bitcoin’s current price action is meant to create “more fear across the market and then bottom for upward continuation.” Crypto analyst Ali Martinez also recently suggested that the bull run was far from over, bearing in mind that Bitcoin consolidated around this period in the last two bull runs. Related Reading: Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 He claimed that BTC might be over 500 days away from hitting its market top for this cycle. As to how BTC could rise, Martinez mentioned that it could hit a new all-time high (ATH) of $92,190 if it breaches the resistance level of $69,150. It is also worth noting that crypto analyst PlanB stated that Bitcoin hitting $100,000 this year is “inevitable.” At the time of writing, BTC is trading at around at around $63,500, up over 7% in the last 24 hours, according to data from CoinMarketCap. BTC price recovers above $63,000 | Source: BTCUSD on Tradingview.com Featured image from BBC, chart from Tradingview.com
Vodafone, a major UK-based telecommunications provider, has revealed plans to integrate cryptocurrency wallets into subscriber identity module (SIM) cards. This initiative is part of the company’s broader effort to utilize blockchain technology to enhance smartphone functionality. According to David Palmer, Vodafone Blockchain Lead, during an interview with Yahoo Finance Future Focus, the company is set
At the eagerly awaited Berkshire Hathaway yearly shareholders meeting, Warren Buffett, the well-known investor and CEO, made an amazing comparison between the coming of AI and the origin of nuclear weapons. Through his words he made this evolutionary leap sound like a loud warning bell, to treat it with a responsible and cautious approach. AI
Global investment giant Franklin Templeton thinks Solana (SOL) is primed to establish itself as the “third major crypto asset” after Bitcoin (BTC) and Ethereum (ETH). In a new analysis, the firm’s digital assets unit notes that the Solana network has witnessed significant increases in total fees and decentralized exchange (DEX) volumes in the past year. The post Solana Primed To Establish Itself As ‘Third Major Crypto Asset’ After Bitcoin and Ethereum: Franklin Templeton appeared first on The Daily Hodl .
Buying the coin when the indicator falls again may be perfect opportunity before a potential 39% rally.