CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, NOBILITY TOKEN News
Prejudice over bitcoin’s top will become vulnerable if it continues to struggle below $46,000
The price of bitcoin is facing hurdles near the $46,000 zone against the U.S. dollar.
The bitcoin price continued to fall below the $45,000 level. BTC even fell below the $44,200 support level and dipped below the 100-hour simple moving average.
It now faces strong resistance around $45,500 and the simple 100-ho ur simple moving average. The 61.8% Fibonacci retracement level of the recent drop from a high of $46,879 to a low of $43,374 also acts as resistance near the $45,550 level.
The main resistance is still near the $46,000 zone. To move into positive territory, bitcoin must overcome the 100-hour SMA, the trendline zone, and $46,000.
Bitcoin price faces obstacles
Nobility token introduced by Noble Esports
The project has announced DeFi enthusiast Rostik Rusev as an advisor on its board.
Nobility is a revolutionary cybersports platform and service token in the Binance Smart network. The utility token aims to organize and provide gaming tournaments with huge prize pools and reward token holders and content creators with reflection rewards paid in BUSD.
The Nobility Token utility uses a unique blockchain-based smart contract that charges an 11% fee on all swaps and transfers online. For each transaction, a certain number of users are sent their own reflections, depending on the size of the transaction and the gas used to send the transaction. Another huge advantage of this structure is that larger transfers can handle more BUSD payments because the amount of gas required is proportionally less than the cost of the tokens.
The Nobilities NBL token is currently available for purchase on PancakeSwap and Bogged with BSC using MetaMask or TrustWallet. NBL also gets a listing on the Lbank.
Why Ethereum remains at risk of another drop to $3,000
Ethereum is trying to climb above $3,500 against the U.S. dollar.
Ethereum tried to create a wave of recovery above the $3400 level. However, ETH struggled to overcome the $3,450 resistance and could not even hold above the 100-hour simple moving average.
Right now it’s trading well below $3,400 and the 100-hour simple moving average. There is also a major bearish trend line forming on the hourly chart of ETH / USD with resistance around $3400. In addition, it is now trading well below $3400 and the 100-hour simple moving average.
Ethereum price struggles below $3,400
El Salvador reportedly gives tax breaks to bitcoin investors
El Salvador is seeking to attract foreign investment by adopting major tax breaks for bitcoin trading.
According to a Sept. 10 report by leading media platform Agence France-Presse, legal advisor Javier Argueta, who is the legal adviser to President Nayib Bouquet, said that the country is making the move as part of an effort to encourage foreign investment through large tax breaks on bitcoins.
Interactive Brokers launches cryptocurrency trading with Paxos
Global electronic brokerage Interactive Brokers Group is teaming up with Paxos to provide cryptocurrency trading.
Interactive Brokers, customers can now trade and store Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through Paxos. The resources will be available alongside traditional assets through a single interface.
Walmart fuels fake news interferes with Litecoin pumping and abandonment
Fake press release published on Intrado-owned GlobeNewswire.
A fake press release published on the Intrado-owned GlobeNewswire about the potential integration of Litecoin by U.S. e-commerce and retail giant Walmart Inc as a payment option has caused a bullish blow to digital currency prices. Walmart spokesman Randy Hargrove confirmed that the news was false.
Bitcoin mining company Greenidge expects a public listing on NASDAQ on Sept. 15
According to a published release, the merger between Greenidge Generation Holdings Inc. and tech support company Support.com will be completed on Sept. 14.
NASDAQ-listed Greenidge and Support.com agreed to merge as part of a stock swap back in March. However, the deal was supposed to take place vaguely in the third quarter or before the end of September.
Coinbase announces $1.5 billion private senior bond offering
Coinbase announced its first private debt offering in the form of the company’s senior bonds.
Coinbase, one of the leading cryptocurrency exchanges with more than 50 million registered users, announced its first private debt offering in the form of $1.5 billion in company senior bonds. The funds from the offerings will be used for general corporate purposes and product development.
Future Market – “Think Big and Make Big Profit”
Future market is a central financial exchange where people can trade standardized future contracts that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures contracts on commodities and financial futures are negotiated.
Human Behavior and the Gann Trading Technique
Individuals who would like to learn more about the various tools that they can use in trading have to understand human behavior as well.The greed of the traders may be observed when prices reach its peak and their fear is shown when prices hit the extreme low.
Trading With Fibonacci Retracements
People who are in the trading business can make use of the Fibonacci Retracements to their advantage. They can determine the up-trends and the down-trends of market prices through the use of charts. The retracement patterns are based on the number sequence that has been discovered by Leonardo Fibonacci from the 12th century.
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