Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat. After a mixed weekend that saw both a run on $48,000 and a major rejection at that level, Bitcoin is already back, having made up all of its losses. With conditions broadly favorable for continued strength, it may only be a matter of time before the next impulse move reshapes the BTC/USD spot market. Cointelegraph suggests five factors worth taking into account when… Source link

Ethereum Ethereum rose by 1.36% on Sunday. Partially reversing a 1.74% fall from Saturday, Ethereum ended the week up by 9.85% to $3,310.93. After a mixed morning, Ethereum slid to a late afternoon intraday low $3,112.96 before making a move. Ethereum fell through the first major support level at $3,205 and the second major support level at $3,143. A late rally, however, saw Ethereum strike a late intraday high $3,323.54. Falling short of the first major resistance level at $3,331, Ethereum eased… Source link

Attorney Jeremy Hogan has recently highlighted the ambiguity of the SEC’s stance on Ethereum as a security. Although Gary Gensler has stated that US securities laws are very clear, the status of ETH remains. CFTC Commissioner cleared up that Ethereum falls under the jurisdiction of his agency and that it is not a security.   In light of the recent developments in the United States Securities & Exchange Commission (SEC) v. Ripple Labs, attorney Jeremy Hogan brought… Source link

Most altcoins have witnessed a decent rally over the past couple of weeks. While some coins had more sustained upward rallies others struggled to break past their major resistances. The fourteenth ranked alt, Litecoin held ground firmly. LTC traded at $177.95 at press time, highlighting 16.13% weekly gains but had fallen by 0.62% on a daily chart.  Litecoin has had a pretty decent run since July 22, recording red candles on a daily chart only on three days. While LTC had rallied almost… Source link

Dollar-cost averaging (DCA) is defined as purchasing at determined intervals regardless of price, and has proven to be one of the most effective and safest ways to accumulate bitcoin. It allows the individual to mitigate bitcoin’s wild volatility, and have peace of mind in their saving strategy. DCA is also not only good for your net worth, but it’s also good for Bitcoin. As Hass McCook explains in “How The DCA Army Will Drive A $1 Million Bitcoin Price,” Bitcoin benefits in many… Source link

Industry altcoins depicted independent movements on their charts despite Bitcoin’s fall from $47K and Ethereum’s 1.4% decline. VeChain gained by a substantial 8.3%, while trading close to its immediate resistance level. Litecoin too showed gains, albeit not very high. Conversely, Filecoin registered a minor fall as it continued to move in a rangebound manner. Filecoin (FIL) FIL/USD, TradingView Filecoin noted a 1.4% decline since yesterday, along with a consolidated movement within… Source link

With Bitcoin and Ethereum sliding down by 1.6% and 1.4% respectively, altcoins such as MATIC and Chainlink proceeded in the same direction. MATIC lost 2.2% and moved south towards the $1.36 support line, while LINK dipped after it failed to topple over the $27.77 resistance line. Finally, though Monero did not see declining prices, it flashed bearish signals on the chart. MATIC MATIC/USD, TradingView MATIC stood at $1.41 at press time. It had last touched this price level on 19 June. The… Source link

Monero coin price is seeing a consolidated momentum and can soon breakout for the new high. It can soon breakout above $300 in the future XMR coin has seen a breakout above the 100MA which can push the price for a new high . Meanwhile, XMR/BTC pair has seen a gain of more than 1.1% in the intraday session XMR coin price has observed a consolidated momentum on the daily chart but can soon revert to the uptrend. Monero token price has observed a gain of more than 2.2% and is trading near the… Source link

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Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing towards $10,000 in that time,” he said. The trader also sees the Senate’s $1.2 trillion infrastructure bill as the biggest advertisement in history for… Source link