An Ethereum-based private messenger is about to scale its throughput by implementing Waku instead of Whisper
Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair came off to the 9501.66 area after peaking around the 10030.00 level during yesterday’s Asian session. Stops were elected below the 9759 and 9561 areas during yesterday’s pullback. Traders have bid the price higher from the 9280.98 area following its rapid crash from the 10315.00 area last week, selling pressure that actually began days earlier when the price peaked around the 10400.00 level. Chartists observed that the pair briefly traded above the 10804.10 level, an area related to downside price objectives that emerged after selling pressure started around the 10400 level. Downside levels related to this range include the 9363 and 9118 levels. Another related range that traders are watching is the move from 10315.00 to 9280.98. During the move higher, traders were unable to test the 10070.97 level, representing the 76.4% retracement of this range, and that set the stage for lower price activity around other retracement levels in that range including the 9920, 9797, 9675, and 9525 areas. The pair’s high during the move higher was also not too far above the 100-bar MA (4-hourly), and this is also pressuring BTC/USD lower. Traders are split whether bullish sentiment or bearish sentiment will prevail in the short-term. Below current market activity, traders anticipate bids around the 9169.41, 8911.79, and 8739.96 areas. Above current market activity, traders anticipate offers around the 10167, 10215, and 10397 levels. Price activity is nearest the 200-bar MA (4-hourly) at 9520.94 and the 100-bar MA (Hourly) at 9730.11. Technical Support is expected around 9370.10/ 9121.40/ 8760.28 with Stops expected below. Technical Resistance is expected around 10534.04/ 10652.04/ 10698.24 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Ethereum (ETH/USD) slumped early in today’s Asian session as the pair came off to the 256.06 area after trading as high as the 278.13 level during yesterday’s Asian session. Stops were executed around the 269 and 263 areas during the pullback lower. One trading range that traders continue to monitor is the depreciation from 290.00 to 236.36, the range that developed after traders were recently unable to challenge the psychologically-important 300.00 figure. During the pair’s recent appreciation, the market high was around the 275.79 area, not too far below the 277.34 area that represents the 76.4% retracement of this range. Downside retracement levels related to this range include the 256 and 248 areas. Another important trading range that traders are monitoring is the narrower move from 287.13 to 245.25. Important retracement levels in that range include the 277, 271, 266, 261, and 255 areas, and the market may take some short-term direction from these levels. Traders are also monitoring some moving averages and price activity. Traders are waiting to see if price activity can remain above the 50-bar MA (4-hourly), and note that the 50-bar MA (hourly) bullishly crossed above the 200-bar MA (hourly) during Sunday’s North American session, a technical development that may coincide with some additional price appreciation. Below current market activity, traders are anticipating possible technical support around the 234, 230, 220, and 216 levels. Above current market activity, traders are anticipating technical offers around the 281, 293, 302, and 307 levels. Price activity is nearest the 100-bar MA (4-hourly) at 257.35 and the 100-bar MA (Hourly) at 264.85. Technical Support is expected around 230.27/ 226.38/ 222.73 with Stops expected below. Technical Resistance is expected around 272.56/ 296.15/ 304.10 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
US treasury secretary Stephen Mnuchin warned G20 members of retaliatory tariffs should negotiations for a global tax on tech giants fail, Reuters reports. “We’ve been very consistent in saying we think the digital services tax is discriminatory in nature against digital companies, and specifically a handful of US companies,” Mnuchin told reporters attending a G20 meeting in Saudi Arabia on Sunday. “The president was clear that we were proceeding with […] reciprocal tariffs.” The Organisation for Economic Cooperation and Development (OECD), which is in charge of international tax discussions like these, has floated new rules to force major players in… This story continues at The Next Web
Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and has had impacts on niche markets, like crypto, has led some analysts to note that Bitcoin and altcoins may, for the time being, correlated to the US equities market. […]
When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s expected to drop to 1.8% after the halving event. The cryptocurrency’s inflation rate […] The post Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference appeared first on Bitcoin News .
The lawsuit against Tether is proceeding, but first a New York judge needs to choose which law firm takes the lead on the case. The decision will impact the direction of the case
The EOS price has been decreasing since Feb. 14, when it reached a high of 53,210 satoshis. On Feb. 19, it retested the previous breakout level and bounced upwards. EOS (EOS) Highlights The previous breakout level is found at 40,000 satoshis. A golden cross has transpired. EOS is trading inside a short-term range of 41,000-46,000 […] The post EOS Finds Support at the Breakout Level appeared first on BeInCrypto.
Ethereum (ETH) bulls are losing momentum and the ascending triangle that Ethereum (ETH) seemed to be trading in has now turned into a symmetrical triangle. Furthermore, we can see on the 4H chart for ETH/USD that there is now a bearish divergence and it is only a matter of time before we see the price break out of the symmetrical triangle. The current outlook suggests that it might be a bearish breakout, one that could see the price decline to the 38.2% fib level and potentially much lower from there. The altcoin market might see a lot more pain compared to Bitcoin (BTC) if the cryptocurrency market catches up with the S&P 500 (SPX) and begins to decline more aggressively. So far, the reaction to the Coronavirus outbreak, a major catalyst that could move markets, had been limited to Asian markets. However, with the recent outbreak in Italy, we are now seeing the world react more seriously to it. This could be the catalyst that we have been looking at that might trigger the next major correction in the stock market. It is very reasonable to think that this is going to be even more brutal for altcoins like Ethereum (ETH). If investors are trying to get out of something like stocks that are backed by well established businesses, they are more likely to get out of something as volatile and risky as cryptocurrencies. The recent move that we see when BTC/USD started the week trading above $10k is the way the market makers and the whales operate to mislead retail traders while they dump on them. The 4H chart for Ethereum dominance (ETH.D) shows that there is good reason to think that Ethereum (ETH) may be about to head lower considering the manner in which its dominance has been surging the past month. This kind of growth is seldom sustainable and is almost always followed by a brutal correction. In the case of Ethereum (ETH), this might be the beginning of a major trend reversal that could see the price decline much lower in tandem with the stock market. It is only a matter of time that we see a major correction in the cryptocurrency market. Previously, we expected Ethereum (ETH) to rally towards $300 considering the market had seen a correction and had still not broken the uptrend. While that is still possible, it does not seem very likely now as the S&P 500 (SPX) is reacting more aggressively to the Coronavirus outbreak and the big players in this market are now worried to get their money off the market on time before it is too late. However, their dilemma is that they want to do that without spooking retail traders because they want them to believe that the market is going to a new all-time high before halving while they dump their coins on them.
The Daily Hodl: Crypto Analyst Says This Altcoin Just Turned Mega Bullish – Here’s Why Bitcoin (BTC) Could Reap the Rewards
With the crypto markets once again correcting and Bitcoin (BTC) in the $9,600 area, a popular crypto analyst says Litecoin (LTC) is looking increasingly bullish. The pseudonymous analyst who goes by the name Byzantine General says Litecoin’s price action may once again foreshadow where the market at large is heading, as it often did throughout […] The post Crypto Analyst Says This Altcoin Just Turned Mega Bullish – Here’s Why Bitcoin (BTC) Could Reap the Rewards appeared first on The Daily Hodl.
Caitlin Long is setting up a first crypto-native bank in the US that will offer crypto services to institutional investors