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Bitcoin bears lose strength, which could spark a decent recovery
The bitcoin price has continued its decline below $30,000 support against the U.S. dollar.
The bitcoin price continued its decline below $30,200 and $30,000 support levels. Bitcoin appears to be forming a support base above the $29,250 level. Initial upside resistance is near the $30,000 level. This is close to the 23.6% Fibonacci retracement level of the recent downward move from a swing high of $31,900 to a low of $29,313.
The first serious resistance is near the $30,600 level. This is about 50% of the Fibonacci retracement level of the recent downtrend from a swing high of $31,900 to a low of $29,313.
Bitcoin price has fallen below $30,000
Waves launch Duck Hunters game to encourage participation in Waves DeFi
The team has launched the Duck Hunter game, a series of NFT gamification initiatives combined with Defi incentive mechanisms for the Waves ecosystem.
While demand and prices for the best NFT tools have declined in recent weeks, innovation and experimentation combining NFT with DeFi have only increased. The OpenSea NFT market has reached an estimated $1.5 billion, and statistics show that NFT-related tweets are also on the rise. Another example of rapid growth is Waves Ducks. Their market volume grew 19 times in 10 days, and the price of the $EGG token rose from $20 to $600 in just 8 days.
Waves.tech, an ecosystem of innovative blockchain solutions and products that use the Waves.protocol, has announced the expansion of its native Waves Ducks game with NFT to become a first-of-its-kind NFT gaming platform that integrates DeFi trading and harvest mechanics. The Waves team aims to make DeFi concepts more fun and accessible to everyone with this NFT gamification initiative. The platform allows you to give birth to ducks from EGG tokens, buy them at the market, or win them in social events.
Waves launch Duck Hunters game
Ethereum begins recovery, why ETH may resume falling
Ethereum has begun an upward correction from the $1,720 zone against the U.S. dollar.
Ethereum remained in bearish territory and continued to fall below $1,800, as did bitcoin. The price was only $1,718 and appears to be forming a base above $1,720. Ether is now correcting profits and trading above the $1,750 level. There has been a breakout above the 50% Fibonacci retracement level of the key decline from a high of $1,832 to a low of $1,718.
There was also a break above a key bearish trend line with resistance around $1,790 on the ETH / USD hourly chart. The pair is now trading above the 61.8% Fibonacci retracement level of the key decline from a swing high of $1,832 to a low of $1,718.
Ethereum price correcting losses
ARK Katie Wood buys more Grayscale Bitcoin Trust stock Tuesday
Katie Wood shows her beliefs are still strong by buying another bitcoin
ARK Invest Katie Wood bought an additional 140,157 shares of Grayscale Bitcoin Trust for its ARK Next Generation Internet ETF on Tuesday, according to its daily trading reports.
This comes after the prominent asset management firm added 310,000 shares of GBTC on July 19.
The ARK Next Generation Internet ETF, which primarily offers access to technologies such as artificial intelligence, big data, deep learning, and blockchain, now holds 9 million shares of GBTC, with a total market value of $216 million. Grayscale’s shares currently represent the company’s eighth-largest holding.
ARK Katie Wood buys more shares of GBTC