Crypto News Archive - Seite 1511 von 1646 - Finanzmittel Info + Krypto + Geld + Gold

11. März 2022

Bitcoin falls below $40,000 as inflation in the US continues to pose major risks

The recent Bitcoin (BTC) rally has halted. After days on the up, the mega-cap coin has fallen below $40,000 once more. The drop has largely been attributed to growing inflation in the US and the threat of economic slowdown due to the crisis in Ukraine. Here are some highlights:

$40,000 is a key support, and BTC could see more weakness in the coming days.
US inflation is expected to hit 7.9%, higher than expected and the highest in 40 years.
At press time, BTC was trading at $39, 200, down about 7% in 24 hours.

Data Source: Tradingview

Will Bitcoin (BTC) fall further?

The last few weeks have been quite volatile for Bitcoin (BTC). However, even amidst this high volatility, $40,000 has remained a crucial support zone. Every time the mega-cap has fallen below this mark, it has gone on to slide further.

Most analysts are watching the $37,000 mark. If weakness continues and BTC drops below $37,000, then you can expect it to bottom at around $32,000 before the next rally. But if bulls can somehow push the price action back up to $40,000, we may see some sustained resilience on BTC.

But with high US inflation, threats of economic slowdown, and the crisis in Ukraine, it is highly unlikely there is enough sustainable upward momentum for BTC.

Is this the best time to buy BTC?

Even with recent challenges, overall, the long-term outlook on Bitcoin looks very promising. There are in fact estimates that are looking at $100,000 before the end of 2022. Buying at $39,000 or thereabout could be a great idea.

Even if BTC does not hit six figures in terms of value, there is a chance it will hit a new all-time high this year. This would still represent gains of over 100% from the current price.

The post Bitcoin falls below $40,000 as inflation in the US continues to pose major risks appeared first on Coin Journal.

10. März 2022

Near Protocol (NEAR) could rally to $14 in the coming days

After going through a mini correction last week, The Near Protocol (NEAR) is emerging from the dumps. The coin has surged and could hit $14 in the coming days. But what are some of the risks? Analysis to follow here below but first, some important highlights:

NEAR has regained its crucial $9.5 support after the recent rally.
The coin could surge towards $14 if NEAR holds that support level.
The altcoin was selling for $10.59 at press time.

Data Source: Tradingview

Near Protocol (NEAR) – Price analysis

After regaining the crucial support of $9.5, it seemed like NEAR was on the up and up. The coin has however slowed in the upward ascend and we have seen a small pullback. But despite this, NEAR still trades at $10.5, way higher than the $9.5 support zone. If indeed bulls can keep the coin above that, there is enough upward momentum left to shoot NEAR towards $14.

The most important thing to watch as of now will be the overhead resistance of $11.7. NEAR has been rejected several times at this zone, but if the bulls can push above it before the end of the week, then a bullish breakout is very feasible.

However, there is still a sell-off risk, owing to the volatility in the market. If bears break the $9.5 mark, then NEAR could fall even further towards $8 before it rises again.

Why are investors buying The Near Protocol?

With a market cap of $6.8 billion, NEAR is a big project with a lot of investors. The layer one blockchain is designed to offer a “community-based” cloud computing ecosystem with extra fast speeds, low gas fees, and usability.

The project has supported the launch of several innovative DApps and looks poised to become one of the biggest blockchain projects in the coming years. It’s by far a great investment for the future.

The post Near Protocol (NEAR) could rally to $14 in the coming days appeared first on Coin Journal.

10. März 2022

Sandbox (SAND) shows positive RSI divergence – Is a bullish breakout coming?

Sandbox (SAND) has been bouncing positively in the last few days. News that the US is going to launch a digital dollar improved sentiment in the market. Most coins, including SAND, saw bumps in value. But an emerging RSI divergence could suggest that SAND could in fact surge further ahead. Here are some highlights:

Despite pulling back slightly, SAND still remains above the crucial support of $2.74.
The metaverse token was trading at $2.81 at the time of writing this post.
The RSI shows a crucial divergence that could push the price further in the days ahead.

Data Source: Tradingview

Sandbox (SAND) – How far can it go?

Sandbox (SAND) has come under severe selling pressure in the last few weeks. But the coin has maintained its monthly support of $2.74. Although there is still a lot of volatility in the market, we expect SAND to keep price action above that point. At press time, the coin was actually trading at $2.81.

The $2.74 mark, at least looking over the last month, has also been a crucial consolidation zone. If indeed SAND is able to consolidate gains above it, there could be an upside towards the next overhead resistance of $3.42.

But despite this, SAND still remains lower than its 50 and 100-day daily moving averages. The coin is even lower than the 200 DMA. This suggests the overall trend remains bearish at best. In fact, if bulls don’t hold the $2.74 support, SAND could fall below $2 in no time.

Is Sandbox ideal for any investor?

Well, it really depends on your investment plan. For folks who want some exposure on the metaverse and related tokens, then SAND is a good buy. Remember, this was one of the top-performing coins in 2021, and it could return the same gains this year. It’s therefore an ideal coin to purchase today.

The post Sandbox (SAND) shows positive RSI divergence – Is a bullish breakout coming? appeared first on Coin Journal.

10. März 2022

The reason why Bitcoin and crypto market at large is plummeting after a short-lived surge

After jumping by over 8% on Wednesday, Bitcoin has fallen again followed by a majority of popular cryptocurrencies. Bitcoin has staged a spirited bullish trend in the past week or so that had seen it rise above $42,000 by yesterday before the tables turned and pushed it to around $39,000 at the time of writing.

Ethereum, the second-largest cryptocurrency by market cap, has followed suit by nose-diving again and it is now trading at around $2,500. The bear market has affected the majority of the top 100 coins; most of which were skyrocketing for the past few days.

In this article, we are going to look at what is causing the rough tides within the crypto market? Why is it that it is crashing every time it tries to make a comeback?

Why has Bitcoin and the majority of coins fallen today?

The main contributor to today’s crypto market crash is the ongoing conflict between Russia and Ukraine. The Russian invasion of Ukraine appears to only bear a heavy burden on the stock market but also on digital assets like bitcoin (BTC).

While some analysts like Mark Mobius claim that the conflict in Eastern Europe has most likely helped bitcoin stay strong, the fact is that the crypto market could be heading for a major drop if the conflict continues. And it is evident from how the market has been behaving.

Short-lived effect of Biden’s executive order

The fact is that the recent short-lived bullish trend was attributed to the much anticipated executive order by the president of the United States Joe Biden. Immediately the executive order was signed it only took a few hours for the effect of the news to fade away leaving the market at the mercy of the ruthless bear forces caused by the Russia-Ukraine war.

The threat of the war becoming bigger is threatening the crypto market further since investors are either pulling out their money completely or taking a break from buying risk-based assets like bitcoin for fear that the assets will crash.

Berkshire Hathaway’s Warren Buffett warned that it is not wise to buy bitcoin during times of war and a majority of investors appear to be buying the advice. There are also uncertainties surrounding the future of the ongoing conflict with the majority asking themselves what position nations like the US, the UK, Germany, France, and China will take if Russia intensifies the attacks.

The post The reason why Bitcoin and crypto market at large is plummeting after a short-lived surge appeared first on Coin Journal.

10. März 2022

Analyst: Sanctions on Russia could push more people into crypto

Russia’s invasion of Ukraine has led to a cascade of events that in one way or the other, has helped shine the spotlight on crypto.

If you look at it, we see sanctions putting Moscow in an economic stranglehold, made worse by a ban on Russian oil and numerous companies exiting the Russian market.

On the one hand, we have Russians who are finding it hard to move their money into crypto.

Why, because the ruble has plummeted to the floor, sanctions have hit banks, and payment giants like Visa, Mastercard, and PayPal have pulled the plug on transactions initiated from within the country.

“I think we may refer to 2022 as the year of the big catalyst for crypto because what governments did is actually force adoption,” said Ran Neuner, the host of CNBC’s Crypto Trader show.

Speaking to Al Jazeera, Neuner added that what governments have done, especially with the sanctions, is forcing people to look elsewhere.

He sees the whole banning and suspend thing as “ridiculous”- referring to the decisions by Visa and Mastercard, among other payment providers, to suspend services in Russia.

According to him (as quoted by Al Jazeera) these events are going to force people to look for an alternative financial system- in this case, the financial freedom of crypto.

Crypto exchanges are reluctant to impose a blanket ban

Crypto exchanges- Binance, Coinbase and Kraken- have so far refused to institute a blanket ban on Russian users. But as Coinbase CEO Brian Armstrong said last week, even these exchanges might be forced toe the line if they are needed to.

“Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too. That said, if the US government decides to impose a ban, we will of course follow those laws,” the Coinbase chief shared last week.

Exchanges are therefore screening accounts to block only those likely to help evade sanctions. Indeed, Coinbase said on Tuesday that it would be blocking 25,000 such accounts.

It’s a small number given there are more than 17 million cryptocurrency holders, but still, a ban across all the major exchanges could hurt millions.

In 2021, a survey report showed that crypto was the fifth-most popular investment asset class in Russia. More people (17%) invested in cryptocurrency than in gold (16%) and stocks and shares (10%).

The post Analyst: Sanctions on Russia could push more people into crypto appeared first on Coin Journal.