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According to a recent study on crypto asset storage and passwords, a survey that polled over 1,000 digital currency owners shows 39.7% have forgotten their passwords. The study produced by cryptovantage.com indicates that users unable to recover their passwords lost an average of $2,134. Survey Polls 1,000 US Crypto Owners, Respondents Invest $7,245 on Average […]
Bitcoin price extended its decline below the $38,000 support zone against the US Dollar. BTC is now showing signs of an upside correction as long as it is above $38,000. Bitcoin extended its decline below the $39,000 and $38,000 support levels. The price is now trading well below $39,000 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $38,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase as long as there is no daily close below $38,000. Bitcoin Price is Consolidating Bitcoin price extended its decline below the $39,200 and $39,000 support levels. BTC even broke the $38,500 level to move further into a bearish zone. The price spiked below the $38,000 support level and it settled well below the 100 hourly simple moving average. A low is formed near $37,660 and the price is now attempting an upside correction. There was a break above the $38,000 level. Besides, there was a break above a crucial bearish trend line with resistance near $38,200 on the hourly chart of the BTC/USD pair. Bitcoin is now facing resistance near the $38,800 level. Source: BTCUSD on TradingView.com It is close to the 23.6% Fib retracement level of the key drop from the $42,630 swing high to $37,660 low. The next major resistance is near the $39,500 level. The main resistance is now forming near the $40,000 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the key drop from the $42,630 swing high to $37,660 low. If there is an upside break above $38,800 and $40,000, bitcoin could gain traction. The next major resistance on the upside is near the $41,450 zone. More Losses in BTC? If bitcoin fails to climb above the $38,800 and $40,000 resistance levels, it could continue to move down. An initial support on the downside is near the $38,000 level. The first major support is now near the $37,800 zone. A clear downside break below the $37,800 support might call for more losses. The next major support is near the $37,000 zone. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still well below the 50 level. Major Support Levels – $38,000, followed by $37,000. Major Resistance Levels – $38,880, $39,500 and $40,000.
Porsche has announced its first NFT auction following the recent launch of the token-based Fanzone platform. The German high-performance car maker will sell a unique design sketch as part of the pilot project. The proceeds will be used to fund a noble cause. Porsche to Auction NFT of New Design by Peter Varga German sports […]
Ashton Kutcher recently released a video on Twitter featuring an in-depth explanation about Ethereum from the horse’s mouth. The discussion in the video is between Kutcher, his wife Mila Kunis, and Vitalik Buterin, the founder of Ethereum. Ashton is a venture capitalist and also an actor. His wife Mila Kunis is also an actress, and the couple has been active in crypto investment for the past eight years. According to a report about their participation, Mila once thought that bitcoin investment was simply horrible. But after a few years of using crypto, the actress said she was happy to be wrong. Related Reading | Commercial Paper Reserves Of Tether Under Heavy Regulatory Scrutiny From what we gathered, the video aims to educate newcomers about Ethereum cryptocurrency. When the video started, we could see Kutcher asking Kunis to explain some basics of crypto and its underlying blockchain technology. Mila Kunis offered a short definition of both blockchain, crypto, and decentralization. Afterward, Kutcher asked Buterin, who was sitting at the right side of the table, to describe Ethereum. Then the Ethereum founder started to explain the crypto in an all-encompassing manner. ETH has been on an uptrend journey for the past week but now it’s in the red zone as BTC falls | Source: ETHUSD on TradingView.com He started from the fundamental components and mentioned the differences between the smart contracts protocol and other single-purpose chains. Buterin even used Bitcoin to exemplify his points. Vitalik Buterin Explains Ethereum According to Buterin, Ethereum is a multipurpose blockchain where developers can build different applications without hassles. The protocol is secured and protected by thousands of computers all over the world. This means that any project based on its platform is also secured. Due to its protocol’s support for programming languages, developers can create anything they want of the platform. Thus, projects such as NFTs or cryptocurrencies can be based on Ethereum without issues. After his explanation, the actor could only respond with a “that makes sense” statement. Related Reading | South Korea Narrows Down 11 Cryptocurrency Exchanges To Shut Down The hashtags and links to the video show that the aim is to promote a series of NFTs called “Stoner Cats.” For instance, anybody who buys the NFT gets access to the Kunis animated series bearing the same name as the token. According to our source, the series is tagged “The first NFT animated series,” and people with access can stream it. Regarding the actor’s participation in NFTs, we gathered that he digitalized & incinerated an artwork that many thoughts were terrible. This was last year in August, and his explanation about it was to assist ecological charities. Apart from the artwork, Kutcher’s A-Grade Investment firm had supported some crypto firms, BitPay and BitGo, in 2013 and 2014. Featured image from Pixabay, chart from TradingView.com
A panel of experts has shared their price prediction for dogecoin for the end of the year as well as in 2025 and 2030. Individually, the experts are divided on the future price of the meme cryptocurrency. Some noted that the price of dogecoin is heavily dependent on Tesla CEO Elon Musk promoting it. Experts […]