Die Lobbygruppe der iranischen Importhändler will eine gesicherte Rechtslage, um im großen Stil Kryptowährungen für den Außenhandel nutzen zu können.
Südkoreanische Finanzriesen wollen 2023 virtuelle Vermögenswertbörse eröffnen
Samsung Securities, Mirae Asset Securities und Shinhan Financial Investment sind einige der Finanzriesen, die mit der Regierung über die Gründung der Börse sprechen.
„Bitcoin ist noch keine Inflationsabsicherung“ – Hedgefondsmanager Scaramucci
Der Skybridge-CEO meint zwar, dass sich Bitcoin noch weiter entwickeln muss, um den Status als Absicherung einnehmen zu können, bleibt dennoch optimistisch.
Why is ATOM up by more than 12% in the last 24 hours?
ATOM is one of the best performers amongst the top 30 cryptocurrencies by market cap today.
ATOM, the native token of the Cosmos ecosystem, is one of the best performers amongst the top 30 cryptocurrencies by market cap today. The coin has added more than 12% to its value today, outperforming the broader crypto market.
The cryptocurrency market is slowly recovering today, following a slow start to the week. After losing more than 3% of its value yesterday, the crypto market is up by nearly 2% so far today.
The positive performance has pushed the total cryptocurrency market cap above the $1 trillion mark again.
Bitcoin remains above the $21k level and could rally higher today after adding more than 1% to its value. Ether is trading above $1,600 after depending its price above the $1,500 psychological level yesterday.
However, ATOM is the second-best performer amongst the top 30 cryptocurrencies by market cap (only behind Bitcoin Cash).
There is no catalyst behind ATOM’s ongoing rally as it could be only a recovery from its recent price crash. Despite adding more than 12% to its value today, ATOM is down by 1% in the last seven days.
Key levels to watch
The ATOM/USD 4-hour chart has turned bullish as Cosmos has been performing well over the past 24 hours.
The MACD line crossed into the positive zone a few hours ago, indicating that ATOM is no longer bearish.
The 14-day relative strength index of 60 shows that ATOM could enter the overbought region if the positive momentum continues.
At press time, ATOM is trading at $11.52. If the positive momentum continues, ATOM could move past the first major resistance level at $12.271 before the end of the day.
However, ATOM would need the support of the broader market to reach the $13.60 mark for the first time since May.
The post Why is ATOM up by more than 12% in the last 24 hours? appeared first on CoinJournal.
Bitcoin eyes the $22k resistance level as the market slowly recovers
Bitcoin could rally towards the $22k resistance level over the coming hours as the broader market slowly recovers.
The cryptocurrency market is slowly recovering today, following a slow start to the week. After losing more than 3% of its value on Monday, the crypto market is up by nearly 2% in the last 24 hours.
The positive performance has pushed the total cryptocurrency market cap above the $1 trillion mark again.
Bitcoin nearly dropped below the $21k support level on Monday but has maintained its value above that threshold. Bitcoin is now trading around $21,400 per coin and could make a move for the $22k resistance level over the next few hours if the market momentum is maintained.
Bitcoin reaching the $25k psychological level in the near term would depend on the sentiment in the broader cryptocurrency market.
Key levels to watch
The BTC/USD 4-hour chart remains bearish despite Bitcoin adding 1% to its value in the last 24 hours. The technical indicators show that Bitcoin’s performance is improving, but it is yet to be bullish.
The MACD line dropped into the negative zone on August 16 and has remained there. Thus, indicating that the bearish trend for Bitcoin is not yet over.
The 14-day relative strength index of 44 shows that Bitcoin is no longer in the oversold region. However, it is still some way from entering the overbought zone of the chart.
At press time, BTC is trading at $21,360 per coin. If the market recovery continues, BTC could surpass the $22,724 resistance level over the next few hours or days.
However, Bitcoin could find it hard to reach the second major resistance level at $23,960 in the near term unless there is a bullish movement.
The bears are still lurking and could regain control of the market. Doing so would see BTC fall below the $21k support level for the second time in less than a week.
Bitcoin has maintained its value above $20k and should comfortably do so over the next few days.
The post Bitcoin eyes the $22k resistance level as the market slowly recovers appeared first on CoinJournal.