Bitcoin price fails to break the resistance at $64,000, resulting in losses back to $60,000. Investors are expected to buy the dip as anticipation for $70,000 grows. Bitcoin dropped slightly below $60,000 over the last weekend but recovered almost immediately, touching highs of $63,675 on Monday. Rising overhead pressure made it increasingly difficult for bulls The post Bitcoin Price Pullback To $60,000 Is An Opportunity To Buy The Dip appeared first on Coingape.

CoinGape

Bitcoin Price Pullback To $60,000 Is An Opportunity To Buy The Dip

While the blockchain network Solana&#x2019;s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of &#x201C;grind, hard work, debugging, building security guardrails.&#x201D; Solana Perpetual [&#8230;]

Bitcoin.com

Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs

2021 will be remembered as a turning point for the cryptocurrency industry in the US as its regulators began to embrace and accept cryptocurrencies – indicating that they are here to stay. After years of waiting and hoping by potential sponsors, Bitcoin investing is finally open to everyone with the implicit approval of US regulators of [&#8230;]The post Approved ProShares Bitcoin Futures ETF Blazes Path for Crypto Mainstream Adoption appeared first on The Daily Hodl.

The Daily Hodl

Approved ProShares Bitcoin Futures ETF Blazes Path for Crypto Mainstream Adoption

In the last installment of &#8216;New Kids On The Block,&#8217; we covered the in&#8217;s and out&#8217;s of ArtBlocks.io &#8211; now one of the most recognizable art-driven NFTs on the market. Today, we&#8217;re diving into Flowty, a peer-to-peer lending platform built around Flow blockchain-based NFTs. This recurring series takes a deep dive into lesser-known, high potential [&#8230;]

Bitcoinist

New Kids On The Block: Flowty

Bitcoin price started a downside correction from well above $64,000 against the US Dollar. BTC could extend its decline below the $60,000 support in the near term. Bitcoin failed to stay above $62,000 and extended its decline. The price is now trading below $62,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $62,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline below the $60,500 and $60,000 support levels. Bitcoin Price Remains At Risk Bitcoin price tried to clear the $64,000 resistance level. However, BTC failed to gain strength and started a fresh decline. The bears gained strength and were able to push the price below the $62,500 support zone. The price even settled below the $62,000 level and the 100 hourly simple moving average. A low is formed near $59,824 and the price is now struggling to stay in a positive zone. It is testing the 23.6% Fib retracement level of the recent decline from the $63,700 swing high to $59,824 low. It is currently facing resistance near the $60,800 and $61,000 levels. The first major resistance is near the $61,750 level and the 100 hourly SMA. The 50% Fib retracement level of the recent decline from the $63,700 swing high to $59,824 low is also near $61,800. Source: BTCUSD on TradingView.com The main breakout resistance is now forming near the $62,000 level. There is also a crucial ...

NewsBTC

Why Bitcoin Could Correct Lower Below $60K In Near-Term

ETF issuers are getting creative with two new filings for inverse and leveraged funds. 

CoinTelegraph

New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’

Recent reports show that Bitcoin mining uses great amounts of renewable energy due to economic incentives. This turn of events raised their numbers of sustainable power mix to almost three times higher than the world average. As renewable energy offers low costs, bitcoin miners, who had to spend 68.42% of their total income to purchase electricity, have upscaled their efficient use of green energy. A recent data review shows how their mix of sustainable energy is higher than any country or industry. Renewable energy is not flexible and their locations do not tend to be convenient for most people. As bitcoin miners move close to sources of energy to lower the costs, they are a viable solution to not waste the sustainable energy that otherwise would be deployed, as explained by CoinShares. According to a survey carried by the Bitcoin Mining Council (BMC), the electricity mix used by bitcoin miners increased 3% from second-quarter to an approximate of 57.7% sustainable in third-quarter 2021 “making it one of the most sustainable industries globally.” MicroStrategy’s CEO Michael Saylor had stated earlier that the Bitcoin Mining Council’s effort to bring clarity and transparency over Bitcoin mining will most likely “play an important role in demystifying” the industry. Furthermore, a whitepaper by the Bitcoin Clean Energy Initiative from earlier this year had explained how bitcoin mining, when using renewable energy, “is especially...

Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy

FTX, the booming cryptocurrency and crypto derivatives exchange founded by Sam Bankman Fried, recently purchased an ad for next year&#8217;s Super Bowl, according to reports. The Super Bowl is the most significant event in American football. It is the annual championship game of the National Football League. The NFL is the most valuable professional sports [&#8230;]

Crypto Potato

Crypto Exchange FTX Buys Ad for the Super Bowl

The floor price for the native non-fungible tokens (NFTs) of the Shiba Inu ($SHIB) ecosystem is now above 1.2 ETH, after over $20 million worth of these tokens were traded on the popular decentralized NFT marketplace OpenSea. According to the platform’s data, 3,300 owners of the Shiba Inu NFTs, known as Shiboshis, have already traded […]

CryptoGlobe

Shiba Inu ($SHIB) NFT Floor Price Surpasses 1 ETH After $20 Million Were Traded

FTX exchange will advertise for the first time during the Super Bowl LVI to reach mainstream football fans. 

FTX buys Super Bowl ad slot to promote crypto to a TV audience of 92M

It has been a strong year for the collective crypto-market. Any asset in the top 10 would agree with this assertion, but this wouldn&#8217;t be the case for XRP. While on the rankings it remains 7th, its April 2021 high of $1.966 is yet to be tested again. From a long-term perspective, every top asset [&#8230;]

AMB Crypto

XRP – Assessing the odds of it climbing past $5 in 2022

Robinhood posted $51 million worth of transaction-based revenue from crypto in Q3, marking a 78% decrease compared to the previous quarter. 

Robinhood shares tank 10% after crypto revenue falls by three quarters

Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to [&#8230;]

Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg

Bitcoin is a universal consensus that could be a framework for grand operations of connectivity.

Bitcoin Magazine

Bitcoin, Gravity And Universal Connection

Real estate developer Prometheus International has sold two luxury homes on the Portuguese island of Madeira for a total of €4.1 million ($4.7 million) paid for in the popular cryptocurrency Cardano ($ADA). According to local news outlet Sapo, this is the “most expensive luxury real estate acquisition in Portugal since the blockchain revolution,” and were […]

Cardano ($ADA) Used to Buy Luxury Real Estate in Portugal

Coinbase CEO Brian Armstrong says the SEC v. Ripple case &#x201C;seems to be going better than expected.&#x201D; He added that the U.S. Securities and Exchange Commission &#x201C;is realizing that attacking crypto is politically unpopular.&#x201D; Coinbase&#x2019;s CEO on the Ripple Lawsuit, SEC Attacking Crypto The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, commented on [&#8230;]

Coinbase CEO Says SEC v Ripple Case ‘Going Better Than Expected’ — Investors Hopeful XRP Will Be Relisted Soon

I believe Ethereum is set to outperform Bitcoin in the coming rally.Ethereum has a much larger utility than Bitcoin and could one day surpass it in market capitalization.However, Ethereum is facing competition from newer and "better" cryptocurrencies, which makes it a riskier investment.

Seeking Alpha

Ethereum: High Risk, Better Reward

Banks have a growing cryptocurrency problem. But, it is not what you think. Internal trading desks and a broadening array of clients are coaxing senior management at big banks to launch crypto-centric services. As covered previously, banking institutions have often obliged this request. Citigroup and its executives are similarly optimistic about these digital tokens. Jane [&#8230;]

‘Digital assets will be part of the future of financial services…’

The “Federal Reserve” is a story of insiders and outsiders, and the attempts of those in power to maintain and concentrate it.

Central Banking: Then And Now

On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual. Related Reading &#124; Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst A report by Arcane Research deep dives into the event, starting from the time it happened on the aforementioned date at 11:34:17. At this time, as the research firm claims, a “sudden massive selling pressure cleared the order book” on the exchange. This caused Bitcoin to crash all the way down to $8,200 for a whole 13 seconds. This parenthesis was enough for Binance US to experience a spike in its trading volume with 550 BTC changing hands, as Arcane Research said. The research firm compared Binance US normal sell volume to that of this event. The former stands at 0.74 BTC in a 4-hour timeframe, “illustrating that this massive sell order (550 BTC) was” extraordinary, Arcane Research said while adding the following: What caused the crash? A fat finger by someone meaning to place a limit sell order at $82,000? An engine error? A Combination? Binance has stated that it was caused by a bid in the trading algorithm of one of the institutional traders on the exchange. This entity created a domino effect which wrack havoc across all Bitcoin exchange platforms. The research claims that the price of BTC ...

Breaking Down The Bitcoin Binance Flash Crash By The Second

The U.S. government has announced that it will be auctioning off bitcoins in a three-day auction starting Tuesday, October 26th. The auction will be carried out online and will see the bitcoins auctioned off in batches by the U.S. government. GSA Auctions carry out auctions on behalf of the U.S. government to clear surplus assets [&#8230;]

U.S. Government To Kickstart Three-day Bitcoin Auction On Tuesday

Cardano and Solana have led the charge of altcoins in the recent round of inflows into the crypto market. Altcoins saw increased inflows alongside bitcoin, which had seen increasing interest from investors after the first bitcoin ETF had been approved and began trading last week. Last week recorded the highest amount of institutional inflows coming into the market. Institutional investors are now upping their stake in the market with the recent gains recorded across the market. Most notably has been the price of bitcoin which had broken a new all-time high following the trading of the first bitcoin ETF. The ETF had been released with much success as over $1 billion had been traded within the first 24 hours of the ETF being released. CoinShares released a report showing that institutional investors are not relenting with their investments. Bitcoin Leads Market Inflows Although altcoins had seen inflows into both assets last week, bitcoin had once again led the market inflows. The record-breaking inflows saw $1.47 billion flow from institutional investors into the market, and bitcoin accounted for a large portion of it. The amount marked the largest inflows in the space of a week in the market. Related Reading &#124; Yieldly’s CEO Says Interoperability In DeFi Is More Important Than A Market-Leading Blockchain Bitcoin has led inflows in the previous weeks and this past week was no exception. Bitcoin inflows made up 99% of the to...

Cardano, Solana Lead Altcoins As Market Sees Record Inflows

Adobe is introducing a Photoshop feature that allows users to prepare images as non-fungible tokens (NFTs), which will include content credentials that marketplaces like OpenSea can display on their websites for each asset. The post Adobe partners with OpenSea and other NFT marketplaces to display content credentials appeared first on The Block.

TheBlock

Adobe partners with OpenSea and other NFT marketplaces to display content credentials

Bitcoin is headed for the $90,000 to $100,000 price mark according to Bloomberg analysts. The big bull is facing minor drawbacks as volatility rises. The 4th quarter remains as promising to Bitcoiners as it is uncertain for skeptics. The price of bitcoin is poised to increase significantly in the coming weeks. This is according to [&#8230;]

ZyCrypto

Why $90,000 Is The Most Cited Level For Bitcoin’s Next Blockbuster Price Move

The Cosmos ecosystem continues to mature and now helps secure more than $130 billion in assets; SCRT, OSMO, and ATOM lead the rally.The post SCRT, OSMO and ATOM Rally as Cosmos Ecosystem Claims Center Stage: Markets Wrap appeared first on Blockworks.

Blockworks

SCRT, OSMO and ATOM Rally as Cosmos Ecosystem Claims Center Stage: Markets Wrap

Crypto Briefing

Adobe Will Offer NFT Verification in Photoshop

In this deep dive, I explain why Bitcoin has fixed supply and explore whether that could be changed.Once one understands how Bitcoin's code is managed and updated, it becomes difficult to imagine a scenario where the supply increases in a way that negatively impacts holders.As part of my research for this article, I personally contributed to Bitcoin's code and will describe my experience.

How Bitcoin's Supply Could Be Increased

Uniswap’s price remained stagnated for quite some time in the past. The DeFi token shed more than 6% just a couple of weeks ago. However with the recent bullish developments, the flagship token has surged to more than 6% at the time of writing. UNI, the #13th ranked token was trading at the $27 mark. [&#8230;]

New milestone for Uniswap, but can it breach $30 again

Direxion has just filed for the Direxion Bitcoin Strategy Bear ETF, a -1x inverse fund that will allow market participants to bet against Bitcoin (BTC-USD) inside an exchange traded fund wrapper. Per the U.S. Securities exchange filing: “The fund seeks to achieve its investment objective through managed short exposure to CME bitcoin futures contracts.” Direxion’s exchange traded fund looks to counter the newly launched ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) and Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF). According to Direxion’s prospectus, the fund will be actively managed. Additionally, the ETF has not been given a ticker symbol or expense ratio at this time. Moreover, just like BITO and BTF, this fund will not directly invest or hold bitcoin as regulators still have not warranted that to be legal at this time. This new filing will allow investors on the other side of the fence that have differing views on Bitcoin to bet against

Bet against Bitcoin with Direxion’s Bitcoin Strategy Bear ETF SEC filing

Digital rights backers and blockchain game developers are pushing Valve to reconsider its recent ban on crypto and NFT games.

Decrypt

Crypto Advocates Protest ‘Gatekeeper’ Valve’s NFT Game Ban on Steam

Ethereum has had a tremendous run, partially on the back of solid fundamentals.However, other forces like leverage, greed, and general investor confusion may have pushed the whole crypto space too far.With so many risks, competitors, and unknowns, caution is appropriate as the easy money appears to have already been made.

Is Ethereum A Buy Or Sell As It Nears All-Time Highs?

SkyBridge Capital founder Anthony Scaramucci says one Ethereum competitor is well-equipped to power complex use cases in the real world. In a new interview with Real Vision, the hedge fund veteran says the decentralized blockchain network Algorand (ALGO) could breathe new life into the consumer goods sector. Scaramucci explains, &#8220;If you&#8217;re flying American or Delta, [&#8230;]The post Ethereum Competitor Could Power Major Real-World Use Cases, According to Hedge Fund Veteran Anthony Scaramucci appeared first on The Daily Hodl.

Ethereum Competitor Could Power Major Real-World Use Cases, According to Hedge Fund Veteran Anthony Scaramucci

A team of US regulators is exploring how banks could hold and deal with digital assets. According to a report from Reuters, regulators are working to create clearer rules for banks to facilitate client trading of crypto, using it as collateral, as well as holding it on their balance sheets. Jelena McWilliams, Chair of the [&#8230;]The post US Regulators Looking at How Banks Could Hold Crypto Assets: Report appeared first on The Daily Hodl.

US Regulators Looking at How Banks Could Hold Crypto Assets: Report

German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auction website reportedly experienced high traffic to bitcoin listings, with 4,000 new registered users over the past few days. German Government Auctioning Seized Bitcoin The Justice Ministry of North Rhine-Westphalia, Germany&#x2019;s largest state by population, announced Monday an auction of bitcoin seized [&#8230;]

Germany Auctions Bitcoin Seized From Darknet: Bargain Hunters Flock to Buy Cheap BTC

In December 2020, the Securities and Exchange Commission (SEC) led by Jay Clayton introduced legal action against Ripple Labs for allegedly selling an unregistered security. The case started a chain reaction that caused a crash in the price of XRP, the token that supports the lawsuit, and its delisting from leading crypto exchanges, such as [&#8230;]

David v. Goliath, How Ripple Is Winning The Case Against The SEC

Derivatives data shows institutional demand remains strong for SOL, and on-chain data points to a rally to $250. 

Expanding ecosystem and $1.86B futures open interest back Solana’s $250 target

Examining the dynamics of short-term holders during bitcoin bull markets and bear markets.

Examining Short-Term Bitcoin Holder Behavior

The Economist Cover Art NFT Sells for Over $420,000

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has been listed on the popular training app Public, which has over one million active users and lists both cryptocurrencies and equities. As reported by Business Insider, the trading app added cryptocurrencies to its platform earlier this month with a limited selection of coins, including BTC, ETH, BCH, LTC, […]

Shiba Inu ($SHIB) Listed on Trading App With Over One Million Users

Bitcoin exchange FTX bought an ad for the upcoming NFL Super Bowl for an undisclosed amount, said to take advantage of the game’s high viewership.

Bitcoin Exchange FTX Buys Super Bowl Ad

The supply of Ethereum should decrease after the network transitions from proof of work to proof of stake.

Ethereum Supply on Pace to Shrink After ETH 2.0 Upgrade

&#8220;For the foreseeable future, I’m fine, because I did buy crypto at the right time.&#8221; So said Frances Haugen, the former Product Manager at Facebook turned whistleblower. Described as &#8220;one...

TrustNodes

Facebook Bitcoin and Freedom, Will Zuck Run For President?

Solana claims the sixth position as market cap surpssses $62.2 billion. Tether and Cardano become next target. SOL proponents predict $500+ price surge in the long term. Solana (SOL) has been dominating the altcoin market over the past three months. SOL is becoming one of the most talked-about altcoins on Crypto-Twitter, and for very valid [&#8230;]

Solana On The Cusp Of Unseating Cardano After Mammoth Valuation Upsurge

“The potential blockchain gaming ecosystem will grow to be orders of magnitude larger than it is now, by the end of this decade," said Enjin CTO Witek Radomski.

26 companies and advocacy groups call on Valve to reverse its blockchain games ban

The Federal Deposit Insurance Corporation FDIC, has announced through its chairperson Jelena McWilliams that the agency is working with other regulators in the U.S. with hopes of looking at the possibilities of banks involving in crypto-related activities. In a speech which she delivered during the Money20/20 Fintech Conference on Monday, McWilliams said the FDIC, is The post FDIC considers clear regulatory terms for banks who want to handle crypto assets appeared first on Coingape.

FDIC considers clear regulatory terms for banks who want to handle crypto assets

An air of uncertainty seems to be surrounding XRP at the moment. The alt has maintained within a rising wedge for 6 weeks now as neither side found the strength for a breakout. With momentum slowing down on the MACD and Awesome Oscillator, XRP could continue to consolidate within the pattern before approaching a more [&#8230;]

How XRP can progress within its rising wedge

Argo has been ramping its mining capacity and it shows in increased monthly mining total.It has also raised money and is selling some crypto from time to time.I see the business strategy as better for profits in dollars, not just crypto on the balance sheet, and am moving my rating to neutral.

Argo Blockchain: A Clearer Path To Profits Could Impact Valuation

Prominent key player cites incoming Bitcoin market volatility. CEO of Binance makes similar warnings about the market in the coming months. Bitcoin suffers mild plunge shortly after, but a recovery is already underway. The Bitcoin market is currently one of the most talked-about markets at present. A lot of recent events have sparked conversations about [&#8230;]

Binance CEO Changpeng Zhao Warns Of Very High Crypto Volatility — Here’s What To Expect

Bitcoin has risen to $66,000 per unit over the past few days. The currency is trading higher than it ever has in roughly 12 years, and everyone seems to be ogling the asset that at one point was considered a bubble and a tool for crime. Bitcoin Is Helping People Cope with the Wounds of...The post JPMorgan: Bitcoin Is Big Only Due to Inflation appeared first on Live Bitcoin News.

Live Bitcoin News

JPMorgan: Bitcoin Is Big Only Due to Inflation

Cryptocurrency exchange Crypto.com has donated $1 million to global nonprofit organization Water.org. Co-Founded by Hollywood movie star Matt Damon in 2009, Water.org is a global nonprofit organization working to bring water and sanitation to the world. Related Reading &#124; Trippy Bunny NFT Donates $220k Mint Proceeds To Suicide Prevention Foundation The donation will go toward supporting Water.org’s mission of [&#8230;]

Synthetix (SNX)

Om Synthetix (SNX)