I believe at this point we are going to see a lot of back and forth on short-term charts. Monero rallied a bit on Thursday to reach the $192.50 level. The $200 level just above will offer a significant amount of resistance based upon psychology, but probably not much beyond that. If we were to break above the $200 level, then the next target will be $210, where the 200-day EMA currently sits. Advertisement On the downside, the 50-day EMA is sitting at the $180 level, an area that has been… Source link

Want to make it? Bet on what they hate I like to ponder about the market dynamic in crypto, on how the market behaves during the latest market cycle. After some time, I came up with an interesting finding. All this time, as it turned out all I needed to do was simply to bet against Ethereans. It’s kinda tricky to describe what Ethereans are. The word Ethereans has a broad description. Simply saying “maxi” or maximalists isn’t exactly it. Some people don’t like to be called maxi or… Source link

Nayib Bukele, president of El Salvador, speaks at the closing ceremony of the Latin bitcoin conference at Mizata Beach, El Salvador, last November © Marvin Recinos/AFP/Getty Government bond issuances are typically met with little fanfare — but that was not the case when El Salvador president Nayib Bukele announced plans for a $1bn bitcoin-backed bond, at a launch party last November. Through smoke, fireworks, and neon lights, a jumbotron screen flashed images of a volcano erupting and… Source link

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Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.” Prince Philip of Serbia Praises Bitcoin Prince Philip of Serbia and Yugoslavia recently talked about bitcoin on a Serbian TV show hosted by Ivan Ivanović. Prince Philip, a member of the House of Karađorđević, is the… Source link

What happened Sunday wasn’t exactly a day of rest or pleasure for Ethereum ( ETH 0.29% ) and ApeCoin (CRYPTO:APE). As of mid-afternoon, over the preceding 24 hours Ethereum dipped by almost 2% and ApeCoin suffered a much steeper fall at nearly 19%. Fresh comments from a big name in the crypto world were the root cause of the drops. So what On Friday, Time magazine published a profile of Ethereum founder Vitalik Buterin, in which he delivered some choice quotes… Source link

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are all trading higher in strong uptrends. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart. The higher highs indicate the bulls are in control, while the intermittent higher lows indicate consolidation periods. Traders can use moving averages to help identify an uptrend, with rising lower timeframe moving averages (such as the eight-day or 21-day… Source link

Ethereum Classic (CRYPTO: ETC) was soaring up about 26% over the past 24-hours in reaction to a bullish quadruple bottom pattern created at the $25.25 level that Benzinga called out March 15. The crypto was moving inverse to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were trading down over 2% and 3%, respectively on Sunday. One possible fundamental reason for the massive spike could be that cryptocurrency miners are making a switch to Ethereum Classic in advance… Source link

Bitcoin (BTC) stayed the near top of its recent trading range on March 20 as the weekly close looked set to crack a multi-week high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly close could set 4-week high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maneuvering around the upper $41,000 zone Sunday. Friday’s late surge had broadly held, and Saturday saw a return of $42,400 on Bitstamp, matching the high from the start of March. Now, the weekly chart… Source link

Ethereum has risen gradually over the week, with the crypto’s movements stirring hopes that better days may be ahead. Even so, not everything is going smoothly, with one Ethereum developer pointing out something interesting about the ecosystem’s growing complexity. $3000 beckons for ETH On the price charts, the world’s largest altcoin seems to be on the brink of crossing $3K. Trading at $2,946 at press time, ETH may soon breach the aforementioned resistance level, a level that has… Source link