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Bitcoin Reconsiders $ 40,000, What Are The Chances That BTC Will Reach New ATH
Bitcoin price continued its recovery and surpassed the $ 38,000 resistance against the US dollar.
After a successful break and subsequent movement above $ 36,000, the bitcoin price began to skyrocket.
The price gained momentum and overcame the $ 39,200 resistance. It even rallied above the $ 40,000 resistance and stopped above the 100-hour simple moving average. A high is forming around the $ 40,212 level and the price is currently consolidating gains.
Ethereum Fights Around $ 1,250: Why ETH Remains Attractive During Downturns
Ethereum gained bullish momentum above the $ 1,150 resistance against the US dollar.
Bitcoin and Ethereum surged strongly above $ 38,500 and $ 1,150, respectively. The price even broke through the $ 1200 and $ 1220 resistance levels. However, bears were active near the $ 1250 mark. The bulls made two attempts to overcome the $ 1250 zone, but to no avail. A recent high was formed around $ 1252 and the price is currently consolidating.
It has already tested the 23.6% Fibonacci retracement level of the recent advance from a swing low of $ 983 to a high of $ 1,252. On the other hand, on the hourly ETH / USD chart, a major bullish trendline is forming with support around $ 1200.
Ethereum price turns green
DOT Jumps 40% To New ATH To Become 5th Largest Cryptocurrency
The price of Polkadot is up 38% in the last 24 hours when the coin hit $ 12.70.
The DOT started to rally towards the end of 2020, when it bounced off the $ 4.50 support level and hit $ 9.65 by the end of the year. In 2021, it struggled to break through resistance near $ 10.20 in the first week of January and eventually pulled back earlier this week, dropping to $ 8 support.
From there, the cryptocurrency recovered as it broke through $ 10 and met resistance at $ 10.95. Prices continued to rise today as the DOT surged from $ 12 to $ 12.72.
The RSI is approaching overbought conditions, but there is still room to allow the market to rally higher before it becomes extremely overbought.
DOT jumped 40%
Bitcoin Futures Open Interest Hit ATH Again as Bitcoin Price Soared 900% Since 2018
Bitcoin price rally seems to have flared up again given that it has risen 10.97% in the last 24 hours
According to CoinMarketCap, the Bitcoin price rally appears to have flared up again, given that it has risen 10.97% in the last 24 hours to reach $ 38,549. The leading cryptocurrency recently fell to an intraday low of around $ 32,200 due to an impending correction following its bullish move that broke through the $ 41,500 level.
Cryptanalyst Joseph Young analyzed current price increases and noted that future open interest in BTC has returned to a record high of over $ 12 billion.
This trend is seen at a time when analysis shows bitcoin holders are constantly piling up, and crypto whales have seen the recent drop as a silver lining needed to grow their BTC portfolio.
Bitcoin Futures Open Interest
Bulgarian crypto exchange owner sentenced to 10 years in prison for laundering $ 5 million
A Bulgarian citizen and his Romanian accomplices were sentenced to prison for a multi-million dollar scheme to rob more than 900 Americans.
According to an official statement from the US Department of Justice, Rossen Yosifov, a 53-year-old man, defrauded hundreds of American citizens in a well-planned illegal operation.
He managed and promoted the so-called RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Now a US court has sentenced him to conspiracy to commit an offense under the Racketeering and Corrupt Organizations Act plus conspiracy to launder money.
At the time of the crime, Iosifov and his Romanian accomplices from the Alexandria Online Auction Fraud network were involved in a large-scale online fraud. They organized a fake auction, which killed at least 900 Americans.
Online scam AOAF
eToro May Limit Weekend Bitcoin Buying If Demand And Volatility Continue
EToro has warned customers it could restrict buying bitcoin and cryptocurrencies this weekend if demand and volatility persist.
Online brokerage eToro has warned customers that it could restrict buying bitcoin and cryptocurrency this weekend if demand and volatility persist.
“The unprecedented demand for cryptocurrency, coupled with limited liquidity, creates challenges for our ability to maintain PURCHASE orders over the weekend,” the company said in an email to customers. “In light of this, we may need to set limits on orders for PURCHASE of cryptocurrency on weekends.”
While the notice applies to the upcoming weekend, it could also be applied to “next weekend” if the same situation persists, an eToro spokeswoman said.