CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, UTOPIA News. OKEx News
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Ethereum Consolidates Above $ 600, Strong Argument For Growth
Ethereum broke the $ 600 resistance level and tested the $ 625 zone against the US dollar.
Before the start of the downward correction, it was trading near the resistance of $ 625. A high of around $ 624 was formed and the price corrected below $ 615. There was a break below the 50% Fibonacci retracement level of the upside movement from the swing low of $ 587 to the high of $ 624.
Ether is currently approaching the $ 600 support zone and is trading above the 100-hour simple moving average. Also on the hourly chart of the ETH dollar pair, a large contracting triangle is forming with resistance around $ 620.
Utopia Announces Launching Revolutionary P2P Decentralized Ecosystem with Embedded Crypton
Utopia p2p releases CRP on crypto exchanges
Utopia announces the launch of its revolutionary decentralized platform for secure and encrypted communication, anonymous transactions in embedded Crypton cryptocurrency, decentralized file transfer and storage, private browsing, website hosting and other options.
Utopia is a free, anonymous and uncensored product designed for secure communication, anonymous payments and truly free internet without borders.
Utopia’s P2P software consists of a large number of built-in applications for everyday use on a single platform: uMessenger for instant encrypted text and voice messaging, file transfer and storage, group chats and channels, news feeds and private conversations.
Utopia ecosystem encryption ensures the security of mail transmission and storage. Your uMail, like the inside of Utopia, cannot be blocked or taken away.
Utopia p2p releases CRP
Why bitcoin price can adjust dramatically if it breaks 100 SMA
The bitcoin price tried to break up above the $ 19,500 resistance against the US dollar, but failed.
Bitcoin prices rose again to $ 19,250 and $ 19,400. BTC made another attempt to break through the $ 19,500 resistance but failed to get a bullish momentum.
The high was formed around $ 19,586, and the price is currently trading above the 100-hour simple moving average. There was a break below the $ 19,400 level. The price even traded below the 23.6% Fibonacci retracement level of the recent advance from a low of $ 18,851 to a high of $ 19,586.
Bitcoin is currently trading near the $ 19,300 level. Initial support is around the $ 19,220 level. Also on the hourly chart of the BTC / USD pair, a key bullish trend line is forming with support around $ 19,200.
Bitcoin Price Shows Bearish Signs
$ 3.6 Billion Bitcoin Released From Long-Term Storage For November Rally
During the 42% Bitcoin rally in November, approximately 185,600 BTC that had not moved were transferred to the network.
The November rally in BTC, aimed at testing record price highs, resulted in over 1% of the bitcoin supply going out of long-term storage.
According to the Hodlwaves Unchained Capital metric, which measures time since Bitcoin moved onto the chain, roughly 15% of the bitcoins that hadn’t moved for five and seven years as of November 1st were finally moved onto the chain during the month of November.
The share of BTC supply represented by coins that were previously dormant for two to three years also fell from 12% to 11% – a relative decline of almost 5% compared to November, while coins that did not move for one to two years, fell.
Long-term storage movement of BTC
The largest Russian bank “Sber” will launch a pilot project of digital currency
Sberbank, Russia’s largest bank, has announced plans to develop its own digital currency.
Sberbank, the largest Russian bank, announced plans to develop its own digital currency back in August, and now the bank’s CEO German Gref has confirmed that they have chosen JP Morgan as their technology partner. Sberbank boasts over 100 million customers and recently even dropped the bank’s name to position itself as a fintech company.
The stablecoin will be called SberCoin and is expected to start as a trial next year, however Gref did not confirm if the pilot will go beyond the sandbox phase.
Sberbank will launch a digital currency project