Study Shows Investors Desperate to Sell Shiba Inu, Bitcoin - cyptoranking.com

2024-04-19

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Although Cowen did not seem to have too much faith in the altcoin leader, the analyst was still unable to give traders an idea of what ETH could do next. This was primarily due to the fact that he believed the Merge was a “game changer”. Even so, rising open interest indicates that more traders are opening positions, which can be seen as bullish, especially if prices are expanding. Conversely, falling open interest suggests that traders are exiting, which means waning momentum and bearish sentiment. Study Shows Investors Desperate to Sell Shiba Inu, BitcoinThe collaboration between Microsoft and OpenAI hasn’t been without controversies. In July, OpenAI turned off access to its “Browse with Bing” feature for its subscription-based ChatGPT Plus service after discovering users were using it to get around website paywalls and privacy settings. In September, OpenAI reinstated Browse with Bing, with the service no longer limited to data before September 2021. Tel Aviv, Israel, October 9th, 2023 - Following the ongoing attacks against Israel, a collective of local leaders in the crypto space have joined together to establish Crypto Aid Israel to raise funds for displaced citizens in need of humanitarian aid.With over 4,000 rockets shot at Israel, Hamas terrorists infiltrated communities along the Gaza Strip, combined with an assault by dozens of gunmen who infiltrated the border town of Sderot and other communities, clashing with troops of the Israel Defense Force. As of now, at least 900 Israelis have been killed, with more than 2,600 wounded. It is estimated that at least 150 soldiers and civilians, including women and children, were kidnapped and abducted into the Gaza Strip, according to official reports.Crypto Aid Israel is hosting a multisig wallet, entrusted to respected members of the local Web3 community, that will be used to collect donations in over a dozen forms of cryptocurrency including BTC, ETH, USDT, USDC, etc. Partnerships are being established with a leading Israeli bank and multiple government agencies in order to distribute the donations swiftly and efficiently. With regard to management of the crypto assets, Crypto Aid Israel has graciously accepted the help of Fireblocks. A strict policy has been implemented that requires at least of four out of seven signatories to move funds out of the wallet. All of the Crypto Aid Israel signers are respected leaders from the local Web3 space.Local crypto organizer and CEO of CryptoJungle Ben Samocha said: “Israel is currently suffering from a brutal, unprovoked attack by Hamas terrorists. Every Israeli citizen is fighting for the survival of their own life and the lives of their families. They need our utmost support, and that’s what we’re aiming to provide with Crypto Aid Israel. We hope to raise the necessary funds to provide food and shelter for families who lost their homes. We are also hoping to provide hygiene and medical products for the bombarded Israeli civilian populace and to raise awareness for the horrors the Israeli people are facing right now. We are especially hopeful to provide resources to Israeli children who have lost their parents to murder or abduction. Please donate and share our campaign - and we thank you for your support!”It is incredibly important to consider before donating that due to potential phishing scams and cyber attacks, please compare the crypto wallet address to the verified one on the official website, so that funds aren’t sent to addresses that may have been sent to you through other sources.About Crypto Aid IsraelCrypto Aid Israel is an emergency charity initiative formed by local leaders from the Israeli Web3 space such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association, and Bits Of Gold to kick-start a global fundraising campaign that supports Israeli citizens and families in desperate need of humanitarian aid.Follow Crypto Aid Israel on Twitter, Instagram, TikTok, LinkedIn and Facebook. New ASIC Miners Revolutionizes Crypto Space

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Some companies choose to engage with smaller, more specialized cloud service providers who can provide customized solutions and personalized assistance. These service providers frequently have the agility to quickly adjust to consumer requirements and industry-specific laws. The online game gradually gained popularity in 2019 with 2.8 million active players and a total trading volume of $3.8 billion. Which platform is best for trading crypto?A screenshot of the defense's letter requesting permission to question Gary Wang over the involvement of FTX lawyers in the structuring of loans to Alameda and senior executives. Source: Court Listener. Cryptoadz

Secure Offline Wallets: For those with substantial holdings of virtual assets, it’s advisable to store them in offline wallets. This added layer of security can protect assets from online threats. In 2016, activities accelerated when 43 ICOs, including Lisk, Golem, Waves, and Iconomi raised a total of $256 million. This included the infamous Ethereum DAO fiasco. Crypto.com to Delist Tether (USDT), But For Canadian CustomersRise in Chinese Banks Issuing Digital Yuan Corporate Loans The fork will allow some holders to profit via arbitrage. The Nouns price floor fell to as low as 25 ETH in recent weeks, per NFT Price Floor, and the current Noun book value is around 27 ETH, or roughly $42,500, according to a Dune dashboard.

Later on, Yakovenko teamed up with an old acquaintance and colleague from Qualcomm, Greg Fitzgerald, to build a single blockchain network. Because of this concentration of market dominance, AWS frequently sets industry norms and pricing benchmarks. Smaller cloud service providers may find it difficult to compete successfully since they lack AWS's scale and resources. This has sparked debate about the potential impact on competition and innovation in the cloud services market. which cryptocurrency is best to invest in 2023The Federal Reserve did not hike interest rates in its meeting on Sept. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair Jerome Powell cautioned that “the process of getting inflation sustainably down to 2% has a long way to go.”This possible scenario may have triggered the sell-off in the United States equities markets and also in the cryptocurrency space. Risk assets typically tend to underperform in a high-interest-rate environment. While the S&P 500 is down more than 2% and the Nasdaq about 3% this week, Bitcoin (BTC) has remained flat. Daily cryptocurrency market performance. Source: Coin360Altcoins have been unable to hold on to their intra-week gains due to a risk-off sentiment. Still, an encouraging sign is that Bitcoin and the major altcoins have largely managed to stay above their crucial support levels. The price action over the next few days is critical as it is likely to witness a tough battle between the bulls and the bears.Will bears seize the initiative and drag Bitcoin and the major altcoins lower, or could buyers regroup and push prices higher? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin has been trading between the moving averages for the past few days. This tight-range trading indicates indecision between the bulls and the bears about the next directional move.BTC/USDT daily chart. Source: TradingViewBuyers are attempting to keep the BTC/USDT pair above the 20-day exponential moving average ($26,520). If the price rises from the current level, the bulls will again try to overcome the barrier at the 50-day simple moving average (SMA) ($27,050). If they are successful, the pair could surge to the next resistance at $28,143.In contrast, if the price plummets below the 20-day exponential moving average (EMA), it will suggest that the bears are back in command. That will increase the possibility of a retest of the pivotal support at $24,800.Ether price analysisEther (ETH) turned down from the 20-day EMA ($1,628) on Sept. 20, indicating that the bears continue to sell on rallies.ETH/USDT daily chart. Source: TradingViewThe bears will try to solidify their position further by pulling the price below the vital support at $1,530. If they manage to do that, the ETH/USDT pair could start a downward move toward the next major support at $1,368.Contrarily, if the price turns up from the current level or rebounds off $1,530, it will suggest that lower levels are attracting buyers. The first sign of strength will be a break and close above $1,670. That will clear the path for a potential rally to $1,745.BNB price analysisBNB (BNB) turned down from $220 on Sept. 18 and broke below the 20-day EMA ($214) on Sept. 20. This suggests that the price may consolidate between $203 and $220 for a while longer.BNB/USDT daily chart. Source: TradingViewIf the price sustains below the 20-day EMA, the bears will make one more attempt to tug the BNB/USDT pair below the crucial support at $203. If they succeed, it will indicate the resumption of the downtrend. The next support on the downside is at $183.On the upside, the bulls will have to clear the hurdle at the 50-day SMA ($222) to signal a comeback. The pair could first rally to $235 and subsequently attempt an up-move to $250. This level is expected to attract sellers.XRP price analysisXRP (XRP) rose above the 20-day EMA ($0.51) on Sept. 19, but the bulls are struggling to sustain the recovery. XRP/USDT daily chart. Source: TradingViewThe price has again dropped to the 20-day EMA, which is an important support to keep an eye on. If the price turns up from the current level, it will suggest a change in sentiment from selling on rallies to buying on dips. The bulls will then again attempt to kick the price above the overhead zone between the 50-day SMA ($0.53) and $0.56. On the contrary, if the 20-day EMA gives way, the pair could fall to the uptrend line. This is an important level for the bulls to defend because a break below it will invalidate the bullish pattern.Cardano price analysisThe price action of Cardano’s ADA (ADA) over the past few days has formed a descending triangle pattern, which will complete on a break and close below $0.24.ADA/USDT daily chart. Source: TradingViewThe gradually downsloping moving averages suggest an advantage to bears, but the bullish divergence on the relative strength index (RSI) indicates that the bearish momentum may be slowing down. Buyers will have to quickly shove the price above the downtrend line to prevent a breakdown. If they do that, the ADA/USDT pair will be well-positioned for a relief rally to $0.30.If the price continues lower and breaks below $0.24, it will complete the bearish setup and set the stage for a fall to $0.22 and eventually to the pattern target of $0.19.Dogecoin price analysisDogecoin (DOGE) turned down from the 20-day EMA ($0.06) on Sept. 21, indicating that the bears are aggressively defending the level.DOGE/USDT daily chart. Source: TradingViewHowever, the bears have not been able to strengthen their position by yanking the price below the formidable support at $0.06. This suggests that the bulls are buying on dips. The DOGE/USDT pair may swing between $0.06 and the 20-day EMA for some more time.If bulls kick the price above the 20-day EMA, it will indicate the start of a sustained recovery to the 50-day SMA ($0.07) and then to $0.08. On the downside, if the $0.06 level cracks, the pair risks a potential decline to $0.055.Solana price analysisSolana’s SOL (SOL) rose above the 20-day EMA ($19.57) on Sept. 18, but the bulls could not push the price to the 50-day SMA ($21.01). This suggests that the bears are active at higher levels.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is witnessing a tough battle between the bulls and the bears. If the sellers sustain the price below the 20-day EMA, the SOL/USDT pair could slump to $18.50 and thereafter to the next support at $17.33.Related: Bitcoin blasts past its 2021 all-time high in Argentina, but hyperinflation outpaces gainsOn the other hand, if the price sustains above the 20-day EMA, it will suggest that the bulls have flipped the level into support. That could increase the possibility of a retest of the overhead resistance zone between the 50-day SMA and $22.30.Toncoin price analysisToncoin’s (TON) failure to rise above $2.59 on Sept. 19 and 20 may have tempted short-term traders to book profits. TON/USDT daily chart. Source: TradingViewThe immediate support on the downside is at $2.25. If this level is violated, the TON/USDT pair could drop to the 20-day EMA ($2.08). If bulls want to retain the positive sentiment, they must defend this level. A strong rebound off the 20-day EMA could keep the pair stuck inside the large range between $2.07 and $2.59.Another possibility is that the price snaps back from $2.25. If that happens, it will suggest that traders are not waiting for a deeper correction to buy. That will increase the likelihood of a break above $2.59. The pair may then jump to $2.90. Polkadot price analysisThe bears are fiercely guarding the breakdown level of $4.22 in Polkadot’s DOT (DOT), indicating that every minor relief rally is being sold into.DOT/USDT daily chart. Source: TradingViewThe downsloping moving averages and the RSI in the negative territory indicate that the bears have the upper hand. If the price continues lower and skids below $3.90, it will suggest the start of the next leg of the downtrend toward $3.58.A minor advantage in favor of the bulls is that the RSI is showing early signs of forming a positive divergence. This suggests that the selling pressure could be reducing. A break and close above $4.22 will open the doors for a possible rally to the downtrend line.Polygon price analysisPolygon’s MATIC (MATIC) closed above the 20-day EMA ($0.54) on Sept. 19, but the bulls failed to build upon the momentum. This suggests that demand dries up at higher levels.MATIC/USDT daily chart. Source: TradingViewThe bears pulled the price back below the 20-day EMA on Sept. 21. The sellers will try to sink the pair below the strong support at $0.49. If they manage to do that, the MATIC/USDT pair could resume its downtrend. The next support on the downside is $0.45.Alternatively, if the price rebounds of the $0.50 support with strength, it will suggest that lower levels are attracting buyers. The bulls will have to propel and sustain the price above $0.55 to signal the start of a stronger recovery.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The Metaverse has upgraded pic.twitter.com/QT1LAkjQGB

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