"Normally rising wedges resolve bearish," crypto analyst and trader Josh Olszewicz told CoinDesk.
Copying and pasting the Bee Movie script is a niche internet meme that originated on Tumblr and quickly spread to Reddit, YouTube, Facebook, and other social media platforms.
In an unparalleled show of community support and digital spectacle, the Dogwifhat project—a Solana-based meme coin—has successfully marshaled nearly $700,000 to project its iconic image, a Shiba Inu wearing a pink beanie, onto the Sphere in Las Vegas. This venue is celebrated as the world’s largest LED-screen covered entertainment arena. Dogwifhat (WIF) Goes To Vegas […]
An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday.
Federal Judge Edgardo Ramos found the SEC’s suit “plausibly alleges” that Gemini Earn was a securities offering, allowing the case to continue in court.
The trillion-dollar asset manager said memecoins such as Dogecoin “have no inherent value or utility” but have the potential for quick profits.
Memecoin degens have raised over $700,000 to put an image on the viral Solana memecoin Dogwifhat on the Las Vegas sphere.
BNB price is gaining bullish momentum above the $550 resistance. The price is showing positive signs and might extend its rally above $650. BNB price is up over 15% and it broke the $600 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $598 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could continue to rise toward the $650 resistance zone or even $700. BNB Price Extends Rally In the last BNB price prediction, we discussed the chances of more gains above the $500 resistance zone. The price continued to rise and broke many hurdles near the $550 level. BNB is now outperforming Bitcoin and Ethereum with a move above the $580 resistance. It is up over 10% today and trading above $600. A high was formed near $633 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $364 swing low to the $633 high. The price is now trading above $600 and the 100 simple moving average (4 hours). Immediate resistance is near the $625 level. The next resistance sits near the $635 level. A clear move above the $635 zone could send the price further higher. Source: BNBUSD on TradingView.com In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger increase toward the $700 resistance. Any more gains might call for a test of the $780 level in the coming days. Dips Limited? If BNB fails to clear the $635 resistance, it could start a downside correction. Initial support on the downside is near the $600 level and the trend line. The next major support is near the $570 level. The main support sits at $500 or the 50% Fib retracement level of the upward move from the $364 swing low to the $633 high. If there is a downside break below the $500 support, the price could drop toward the $450 support. Any more losses could initiate a larger decline toward the $420 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600, $570, and $500. Major Resistance Levels – $635, $650, and $700.
The court dismissed the corporate regulator’s legal action, saying Finder Earn wasn’t a debt security and didn’t require a financial license.
Schiff claims he would have “kept quiet” had he bought Bitcoin because he never believed in its fundamentals.
The NYSE has informed the SEC of its proposal to list and trade shares of the 7RCC spot Bitcoin and Carbon Credit Futures ETF.
Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,025 resistance zone. Ethereum Price Holds Support Ethereum price extended its increase above the $4,050 level, like Bitcoin. ETH traded to a new multi-month high above $4,080 before there was a downside correction. The price declined below the $4,000 level. It seems like Ether bulls are struggling to keep the price above $4,000. There was a move below the 23.6% Fib retracement level of the upward move from the $3,830 swing low to the $4,083 high. Ethereum price is now trading below $3,980 and the 100-hourly Simple Moving Average. However, the bulls are active near the $3,950 zone. There is also a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,830 swing low to the $4,083 high. If the pair stays above the $3,950 level, it could attempt another increase. Immediate resistance on the upside is near the $4,025 level. The first major resistance is near the $4,050 level. The next major resistance is near $4,085, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, Ether could rally toward the $4,150 level. If there is a move above the $4,150 resistance, Ethereum could even rise toward the $4,250 resistance. Any more gains might call for a test of $4,320. Downside Break In ETH? If Ethereum fails to clear the $4,025 resistance, it could start a downside correction. Initial support on the downside is near the $3,950 level. The first major support is near the $3,880 zone. The next key support could be the $3,830 zone. A clear move below the $3,830 support might send the price toward $3,750. Any more losses might send the price toward the $3,650 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,950 Major Resistance Level – $4,025
Musk started advocating for Dogecoin after receiving requests from Tesla factory employees and SpaceX visitors to include the memecoin as an official mode of payment.
The US Government is under backlash after allegedly targeting the crypto mining industry again. A recent report revealed the government’s plan to resurrect a tax proposal that could significantly affect the whole sector. Leaders in the industry and crypto-friendly US Senator Cinthia Lummis have expressed their concerns on the proposal’s reintroduction. Related Reading: Bitcoin Miners […]
The London Stock Exchange says it will begin accepting ETNs for BTC and ETH.
Bitcoin price is eyeing more gains above the $73,000 resistance. BTC is setting up for a move toward the $75,000 resistance in the near term. Bitcoin price is showing positive signs and eyeing more gains above the $73,000 zone. The price is trading above $72,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $72,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $73,450 and $73,500 resistance levels. Bitcoin Price Sets New ATH Bitcoin price remained well-bid above the $72,000 level. BTC formed a base and started a fresh increase above the $72,500 resistance. The price even broke the $73,000 level. It traded to a new all-time high above $73,500 before there was a downside correction. The price declined below the $73,000 and $72,500 levels. A low was formed near $71,725 and the price is again rising. There was a move above the $73,000 level. Bitcoin is now trading above $72,500 and the 100 hourly Simple moving average. It is holding gains above the 50% Fib retracement level of the upward move from the $71,725 swing low to the $73,485 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $73,200 level. The next key resistance could be $73,500, above which the price could rise toward the $74,200 resistance zone. If there is a clear move above the $74,200 resistance zone, the price could even attempt a move above the $75,000 resistance zone. Any more gains might send the price toward the $76,500 level. Another Downside Correction In BTC? If Bitcoin fails to rise above the $73,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $72,800 level and the trend line. The first major support is $72,150 or 76.4% Fib retracement level of the upward move from the $71,725 swing low to the $73,485 high. If there is a close below $72,150, the price could start a decent pullback toward the $70,000 level. Any more losses might send the price toward the $68,500 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $72,800, followed by $72,150. Major Resistance Levels – $73,200, $73,500, and $75,000.
Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of Binance Coin (BNB) towards its previous all-time high (ATH) of $686, reached in May 2021. BNB Smart Chain Cost-Effective Data Solution According to the protocol’s announcement, BEP 336 introduces an innovative concept called “Blob-Carrying Transactions” (BlobTx) that will change how large data blocks are handled. These temporary and cost-effective memory segments, known as blobs, can capture data blocks as large as 128 KB. By streamlining the transaction verification process, the network only needs to verify that the attached blob contains the correct data rather than verifying each transaction within a block. Related Reading: Zooming NEAR: Solid 75% Growth Sparks Crypto Frenzy The introduction of blob transactions within the BSC, which is particularly beneficial for opBNB – the layer 2 network of the BNB ecosystem – offers several advantages. Blobs reduce network space consumption, resulting in lower storage costs and more affordable gas fees for users, similar to Etherem’s Dencun upgrade. This storage strategy allows for efficient data handling while managing blockchain bloat, ensuring data integrity and availability throughout its lifetime on the chain. BEP 336 also includes two additional components. The Blob Market establishes a fee market for blobs, ensuring regulated storage and transmission costs based on network demand. The Precompile Contract adds a layer of security by verifying that the data in a blob matches the reference in the blob-bearing transaction. While BEP 336 draws inspiration from Ethereum’s EIP 4844, it is tailored to meet BSC’s unique requirements. Notably, BSC’s design mandates that blobs be managed exclusively by the BSC client, distinguishing it from Ethereum’s approach. Moreover, BSC implements a dynamic gas pricing mechanism for blobs, ensuring reasonable transaction costs with minimum and maximum thresholds. BEP 336 Integration With Phased Roadmap BSC has outlined a phased roadmap for the integration of BEP 336. Beginning with the Testnet launch in April, developers can test and interact with the upgrade in a “controlled environment” to address potential issues. The subsequent Magnet phase in May will focus on further testing and optimization to ensure the “robustness” and “scalability” of BEP 336. Finally, in June, the mainnet hard fork will mark the official deployment of BEP 336 on the BSC mainnet, ushering in a new era of efficiency and cost-effectiveness for the network. Related Reading: Ethereum Is Not Done: Crypto Analyst Sets New $5,000 Target According to the announcement, the benefits of BEP 336 are expected to impact developers and users within the BSC ecosystem significantly. Gas fees will be reduced considerably as certain data types no longer require permanent storage, making transactions more affordable. The temporary storage mechanism will keep the blockchain lean and bloat-free, enhancing overall network performance. With lower costs and improved efficiency, BEP 336 aims to make the BSC ecosystem more accessible to a wider audience, including developers and newcomers to blockchain technology. The announcement has boosted Binance Coin’s (BNB) price by over 8%, resulting in a current trading price of $588, just 15% below its all-time high of $686. In case of further price gains, the next resistance walls for the BNB price are placed at the $600 level and the $608 mark, which could prevent the token from further price appreciation in its mission to reach its current ATH. Featured image from Shutterstock, chart from TradingView.com
Pierre Morel is set to direct a movie based on a collection of 8,888 digital collectibles.
A developer uploaded the entire Bee Movie script to the Ethereum network to show off reduced data costs brought about by Ethereum’s Dencun upgrade.
Figure introduced a humanoid robot that one engineer said exhibits “common sense,” answering questions and performing tasks simultaneously.
Bakkt has posted back-to-back losses and a plummeting share price since listing in October 2021 and the NYSE is threatening to pull it.
Michael Saylor's unmatched Bitcoin accumulation surpassed all US spot Bitcoin ETFs in his digital asset journey.
The firm only just completed a $800 million raise earlier this week which was used to scoop up another 12,000 Bitcoin.
MicroStrategy is looking to raise another $500 million via a bond offering to continue growing its Bitcoin stash less than a week after completing a similar debt sale, according to a March 13 press release. The latest senior convertible notes come with a March 15, 2031, maturity date and offer investors a semi-annual interest payment. […]
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The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
A US bankruptcy court has approved Terraform Labs’ request to retain law firm Dentons despite concerns raised by the company’s creditors and the SEC. This approval comes on the heels of Dentons’ commitment to return $48 million to Terraform, a substantial part of the retainer fee initially paid to the firm for legal services, marking […]
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According to Glassnode, BTC market sentiment is approaching the “euphoria” stage amid consecutive all-time highs.
Software company MicroStrategy says it plans to offer up $500 million in convertible senior notes due in 2031 to buy up Bitcoin.
Bitcoin nearly doubled in price since late January, but a "counter move seems to be near," Swissblock analysts said.