CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News
Bitcoin Faces A Tough Challenge Why Bears May Gain Strength Below $ 19k
The bitcoin price broke through the $ 19,200 resistance but is still around $ 19,500 against the US dollar.

The bitcoin price rose steadily after a couple of jumps below $ 19,000. BTC broke through the $ 19,000 resistance level and even stopped above the 100-hour simple moving average.
More importantly, on the hourly chart of the BTC dollar pair, there was a break above the major bearish trend line with resistance at $ 19,150.

Ethereum lacks momentum above $ 600, why holders are still safe
Ethereum is facing strong resistance around the $ 600 and $ 602 levels against the US dollar.

Over the past few sessions, Ethereum has made several attempts to gain bullish momentum above $ 600 and $ 605. However, the ETH price failed to rise above $ 600 and traded in a wide range.
The most recent swing high was formed around $ 607 before the price corrected lower. There was a break below the $ 600 and $ 595 levels.

Ripple Expects Final Break To $ 1 After Extended Consolidation
Ripple is looking forward to a $ 1 breakout as the price closes the day above the 50 SMA.

Ripple is still dodging $ 0.61, grappling with the daunting challenge of the 50 simple moving averages on the 4-hour chart. Ripple will need to stop above the moving average to support the uptrend first before confirming a break to the next hurdle at $ 0.65. The further path to $ 1 will depend on the ability of the bulls to overcome the offer from 0.7 to 0.75 dollars.

German bank with two centuries of history announced the creation of a cryptocurrency fund for 2023
Institutional and semi-institutional investors will be able to participate in the new cryptocurrency fund.

Hauck & Aufhäuser is aiming to establish a cryptocurrency fund by January 2023 as part of its digital investment division Hauck & Aufhäuser Innovative Capital, according to Fundview data dated December 3. HAIC will partner with Berlin-based fintech company Kapilendo to launch the fund.

Bitcoin euphoria has subsided a bit: according to network analysts
Bitcoin’s social media engagement is declining as the price of BTC struggles to surpass $ 20,000.

Network analysts say the euphoria around Bitcoin is starting to fade. This is due to the dominant cryptocurrency trying to break its all-time high, despite repeatedly testing $ 20,000.
Santiment analysts said that optimism for bitcoin is above average, but not as strong as it used to be.

How the active Bitcoin offering impressed both ATH and ATL
The active Bitcoin offering has reached both ATH and ATL.

The active Bitcoin offering has reached both ATH and ATL. This controversial position is entirely possible due to the difference in movement between 1 year bitcoin supply and 2–3 year bitcoin supply. In fact, 2y-3y Bitcoin’s active supply has climbed to a 4-month high, according to Glassnode data.

ETHE in grayscale hit a record high average daily volume in November.
The average daily trading volume for Grayscale’s Ethereum Investment Trust rose 220% in November.

LINK price began a short-term downward correction after it could not hold above $ 14.00.
The high was formed around $ 14.25, after which the price fell below $ 13.50 and $ 13. However, the bulls defended the major support zone of $ 12.50. The low is forming around $ 12.50 and the price is currently rising. There was a break above the $ 13 level.
The price even rallied above the 50% Fibonacci retracement of its recent fall from a swing high of $ 14.25 to a swing low of $ 12.50. It is currently facing obstacles around $ 13.50 and a simple moving average of 100.
Also on the 4-hour chart of the LINK pair, the dollar is forming a key contracting triangle with resistance around $ 13.50. The triangle resistance coincides with the 61.8% Fibonacci retracement level of the recent fall from a swing high of $ 14.25 to a swing low of $ 12.50.
Chainlink Price

Ripple has just partnered with this Australian public company
Australian payment company Novatti joins RippleNet

Australian payment service provider Novatti has announced its partnership with San Francisco-based blockchain company Ripple.
Thanks to the link, its clients will be able to access the global financial network RippleNet, which covers over 55 countries and 120 currency pairs.
Novatti, which has already established partnerships with Alipay, Visa, Google Pay and others, is listed on the Australian Stock Exchange under the ticker NOV.
After joining forces with Ripple, he will first focus on facilitating cross-border payments between Australia and Southeast Asia.
Later, Novatti also plans to process cross-border transactions sent to Australia, thus opening up a new revenue stream.

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News

Related Post:

About The Author

Kane Dane