The bitcoin price consolidated above the $51,000 zone for a while before starting another rise. BTC broke through the key $52,000 resistance zone and the 100-hour simple moving average to move further into positive territory.
The closest support is near the $52,400 level. This is about a 23.6% Fibonacci retracement level of the recent rise from a swing low of $51,183 to a high of $52,800.
The next support could be around the $52,250 level. There is also a key bullish trend line forming on the hourly chart of the BTC / USD pair with support of around $52,250.
Bitcoin price increases profits
Apollo FinTech launches new crypto investment platform on Stratus
Instant purchase of Apollo Currency is possible with a credit card
Blockchain company Apollo FinTech, which designs and develops FinTech solutions for the global economy, announced the launch of its new flagship crypto-investment platform in the Stratus social media ecosystem.
The new Instant Invest platform allows users to instantly invest in cryptocurrencies without the hassle of connecting and learning how to use a traditional cryptocurrency exchange. This allows them to bypass the lengthy registration process, which can take up to 6 weeks or more.
If you want to buy Apollo currency, one of the best ways to do so is to use fiat money, which means a credit or debit card. When you buy cryptocurrency with fiat money, the process will be much faster and, more importantly, easier than buying another cryptocurrency. You don’t need to already own the cryptocurrency, the purchase process is very simple, usually requiring no account creation and minimal KYC verification. Buying Apollo Currency with a credit card will give you instant confirmation and lightning-fast payments. Transaction speed is less than 2 seconds compared to XRP, which is 4 seconds.
Blockchain company Apollo FinTech
El Salvador creates history by integrating bitcoin as legal tender, buys bitcoin for $21 million
El Salvador, a Central American nation, made history after finally integrating bitcoin as legal tender in the country.
The country passed a bitcoin law back in June, and despite domestic criticism and protests, the small Latin American nation implemented its plan. Naib Buquele, president of the country and also the chief architect of the bitcoin law, warned people that there would be a number of problems associated with breaking the rules, but they should ignore it.
Average Bitcoin transaction volume soars 370% over the 2019/20 market cycle
Activity on the network has shown that transaction volumes are on the rise, a trend that demonstrates the influx of funds from institutional investors.
“The average dollar transaction size in the bear market in 2019-2020 typically ranged from $6,000 to $8,000. This period was dominated by retail and early investment fund participants,” Glassnode said in its weekly review.
Thai SEC to revoke Huobi‘s license in the country
The Securities and Exchange Commission of Thailand announced that it will propose to the Ministry of Finance to permanently revoke Huobi‘s business license in the country.
The Thai SEC has instructed the Huobi exchange to continue suspending its services in the country. Huobi has three months to recover or redeem customer assets. The ban came in lieu of Huobi‘s failure to correct the deficiencies the commission pointed out months ago.
Binance exchange posts fixed investment feature
Cryptocurrency exchange Binance has launched a new service called “fixed investment feature”.
Cryptocurrency exchange Binance has launched a new service called “fixed investment feature,” a new addition to the company’s suite of services that will help Binance users easily purchase a fixed amount of cryptocurrency within a set time frame.
Cyclos Raises $2.1M To Create AMM With Concentrated Liquidity On Solana
Solana-based DeFi platform Cyclos has raised $2.1 million in its latest funding round.
The project plans to use the capital to create the first automated market maker with concentrated liquidity on Solana, enabling many features previously unseen in the blockchain ecosystem.
Cybersecurity firm GK8 integrates Stellar into its storage solutions
GK8 is integrating its own blockchain network token, Stellar Lumen, into its storage solutions.
As the firm announced, the Stellar integration is based on the decentralized nature of the blockchain, as well as its speed, scalability, and unique resilient network for financial products and services.
GK8 will integrate Stellar into its storage solutions
Choosing to Trade Options
Most people who are in the trading business consider options as risky if not the most risky choice. However, despite this notion, there are still lots of traders who are into it.
Finding the Bottom in the Coffee Market
The coffee market is what you’d call a professional traders market. It is a large and volatile contract, which leads to equity swings that are too large, even with a single contract for small traders to withstand. Furthermore, commercial traders dominate the market through their access to global information and deep pockets.
Using the Fibonacci Technique on Charts
The use of the Fibonacci technique is still applicable today as it did centuries ago. Leonardo Pisano rediscovered its practical use in many aspects of human life which includes the trading business.
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