Pressure
- Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours.
- Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20)
- BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.
Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday.
Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on Feb. 22, according to Norwegian blockchain analytics firm Arcane Research.
Recommended News
-
Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a BTC fund with his own $25 million investment, showing that there is demand for the leading crypto asset. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Scaramucci Kickstarts Bitcoin Fund According to…
-
Dubbed the Next Unicorn, zkTube Launches its Mainnet
zkTube is the most advanced scaling solution on Ethereum Layer 2. It has adopted ZK-Rollups that run computations off-chain and submit the validity proof to chain to provide low gas fees, higher transaction throughput for Ethereum, mainnet security, and extra privacy. It has gathered a lot of attention from over 80 countries since its launch in 2020. And the mainnet will be launched on 10th, September, 2021. zkTube Mining Mechanism is Launched zkTube team is continuously working and achieving several milestones. The zkTube mining mechanism has launched. zkTube is the only…
-
An extraordinary Valentine’s Day on February 14! The SuperCells Token (SCT) angel whitelist is now open, and there are even more stem cell Standard package lotteries!
According to the SuperCells Foundation’s official news, the SuperCells Foundation has now launched its SCT angel round whitelist campaign on Valentine’s Day, February 14th. Valentine’s Day meets with the SCT angel round whitelist The SuperCells Token (SCT) angel whitelist is available for sale with limited amount! Time: February 14th – February 20th Total amount: 1,000,000 USDT Limit per person: 100 USDT Payment receiving address: 0x5A065c8b6Bf86bef0Dc815046f2D1c1EC490eca4 Rules: After completing the survey: [questionnaire https://forms.gle/iTJ5cACGJ6sC6wBo7], users can get a whitelist quota of 100U per whitelist; one super cell Standard package –…
-
Story from Markets Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021
Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 19.Source: TradingView Bitcoin’s price was on an uptrend Friday, a marked reversal from the past several…
-
PPP Blockchain A new ecosystem of decentralized private social is on the rise
1.The awakening from centralization to decentralization The Internet had entered the human world 18,000 days ago. As people bask in the economic boom of the Internet age, an epic surveillance campaign has spread across the globe. Our civilisation has come to a crossroads as the “surveillance tsunami” engulfing our private spaces. As George Orwell and Aldous Huxley had warned, liberal democracy had been replaced by authoritarianism, and civil liberties are being curtailed. “The weak desire privacy, the strong pursuit of transparency”, privacy is becoming the most scarce resource in this era. The people…
-
Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers
A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…
-
Pacquiao:The birth of PACC will make great history
Iam a member of our country, should be everywhere for the sake of thecountry, I love our nation, this is the source of my self-confidence.The road is to go out, the history is written out, our every step ofaction are writing their own history. –Manny Pacquiao By Emanuel Philippine national hero manny of skin DE Mr Pacquiao PACinvestment by the global digital pay ecological tong card platformwill full takeover industry’s top EP EP – – EinsteinProbe double malechain system exchange DEX and conducting all-round cooperation in thefield of digital, to…
-
First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA’s Incoming CEO
Altcoin roundup AAVE proposes decentralized stablecoin: The U.S. dollar-pegged algorithmic stablecoin GHO will be minted by users and generate interest yields. It will be native to the Aave ecosystem and available on the Ethereum network initially but is expected to be offered on other Aave-supported blockchains based on future community votes. Read more here. Ethereum name service spikes: Ethereum Name Service (ENS) domain registrations spiked this week as a prominent address sold for hundreds of ether (ETH), sparking retail interest. ENS is a decentralized domain name protocol that runs atop the Ethereum network, providing users…
-
Cross-chain interoperability can not be realistic?
Vitalik Buterin is skeptical about the cross-chain ecosystem On January 8th, Ethereum co-founder and core developer Vitalik Buterin tweeted a link in a Reddit post in which he discussed his belief in a multi-chain future, but he The cross-chain ecosystem is skeptical that as the number of cryptocurrencies held in cross-chain bridges increases, so does the incentive to hack attack on them, and their would be more serious consequences. If you move 100 ETH to a cross-chain bridge on Solana network to get 100 Solana-WETH, no one will attack Ethereum…
-
Mobius Digital Token Game Wallet-Practicing Robert Kiyosaki’s Road to Financial Freedom
“Once you understand how money works, and know the various opportunities you can have in the future, you can start living the life of your dreams.” In 2021, information becomes more and more valuable. Some people can get rich overnight just by managing money. This is knowing how to invest. How to study the movement of money? How to make money work for yourself, and have the investment mind, these are not learned in daily life. Robert Kiyosaki, the world’s top financial and business educator, wrote the “Rich Dad, Poor…
