Bursa Malaysia Derivatives Clearing recognised as TC-CCP by EU - cyptoranking.com

2024-05-12

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“[The Speaker’s race] paralyzes the House on nearly every front legislatively,” said the Blockchain Association director of government relations Ron Hammond in an Oct. 10 X thread. “If it drags out over another week then a lot of things can happen including potential new speaker candidates coming forward. For crypto though, McHenry is still the person to watch. He wants votes on crypto ASAP.” Read more: How to Buy Bitcoin (BTC) in Four Easy Steps – A Beginner’s Guide Bursa Malaysia Derivatives Clearing recognised as TC-CCP by EUXTZ Price Prediction: How Long Will Increase Continue? Bitcoin’s (BTC) weakness on Sept. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000, but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016.If they can pull it off, it will be a major sentiment booster, as October generally favors the buyers. According to CoinGlass data, Bitcoin has seen a negative monthly close in October only on two occasions, in 2014 and 2018. However, Bitcoin bulls will find it difficult to maintain the momentum if macroeconomic headwinds persist.Daily cryptocurrency market performance. Source: Coin360Another risk to the cryptocurrency recovery may come from the strength of the greenback, which has risen for 10 straight weeks, its longest winning streak since 2014. The U.S. Dollar Index (DXY) has also formed a golden cross, indicating further potential upside in the near term.Will the U.S. dollar extend its gains or witness a short-term correction? Can Bitcoin bulls hold off the bear pressure in the last week of September? Let’s analyze the charts to find out.S&P 500 index price analysisThe S&P 500 index turned down sharply from the downtrend line and broke below the moving averages on Sept. 15. This started a downward move, which has reached the crucial support at 4,325.SPX daily chart. Source: TradingViewThe 20-day exponential moving average (EMA) (4,422) has started to turn down, and the relative strength index (RSI) is near the oversold territory, indicating that bears have the edge. If the price maintains below 4,325, the index will complete a bearish head-and-shoulders (H&S) pattern. This negative setup has a target objective of 4,043.If bulls want to prevent the fall, they will have to quickly drive the price above the 20-day EMA. That could attract further buying, and the bulls will then attempt to kick the price above the downtrend line. If they manage to do that, the index has a good chance of retesting the local high at 4,607.U.S. Dollar Index price analysisThe U.S. Dollar Index bounced off the 20-day EMA (104.85) on Sept. 20, indicating that the sentiment remains positive and traders are buying on dips.DXY daily chart. Source: TradingViewThe up-move is likely to hit a wall at 106. This is the key level to keep an eye on in the near term. If the price turns down from this resistance but bounces off the 20-day EMA, it will enhance the prospects of a rally above 106. The next resistance on the upside is at 108.Sellers will have to yank the price back below the 20-day EMA if they want to weaken the bullish momentum. The index could then drop to 104.40 and later to the 50-day simple moving average (SMA) (103.35).Bitcoin price analysisThe uncertainty from the inside-day candlestick pattern on Sept. 22 and 23 resolved to the downside on Sept. 24. This suggests that the bears have asserted their supremacy.BTC/USDT daily chart. Source: TradingViewThe sellers will try to strengthen their position further by pulling the price to the solid support at $24,800. This remains the key level to watch out for in the near term, as the bulls are expected to defend it with all their might. If the $24,800 support gives way, the BTC/USDT pair could start a downward move to $20,000.Time is running out for the bulls. If they want to start a meaningful recovery, they will have to push and sustain the price above the moving averages. That will open the doors for a retest of the overhead resistance at $28,143.Ether price analysisEther (ETH) has been gradually slipping toward the pivotal level at $1,531, suggesting a lack of buying support from the bulls.ETH/USDT daily chart. Source: TradingViewAlthough the downsloping moving averages indicate an advantage to sellers, the RSI is showing signs of forming a bullish divergence. This suggests that the selling pressure could be reducing. This increases the likelihood of a bounce off $1,531. If bulls shove the price above the 20-day EMA ($1,616), it will signal a range-bound action between $1,531 and $1,746 for a few days. This view will invalidate if bears sink and sustain the ETH/USDT pair below $1,531. The pair could then plummet to $1,368.BNB price analysisBNB (BNB) has been swinging between $220 and $203 for the past few days. In a range, traders generally buy near the support and sell close to the resistance. BNB/USDT daily chart. Source: TradingViewBoth moving averages are sloping down, indicating an advantage to bears, but the RSI is trying to form a bullish divergence. This suggests that the bearish momentum may be weakening. Buyers are likely to defend the $203 level with vigor. If the price rises from the current level or bounces off $203, it will suggest that the range-bound action may continue for some more time. Sellers will need to tug the price below the critical support at $203 to take charge. The BNB/USDT pair could then plunge to $183.XRP price analysisAfter staying above the 20-day EMA ($0.50) for a few days, XRP (XRP) tumbled below the level on Sept. 24. This suggests that the bears have gained the upper hand.XRP/USDT daily chart. Source: TradingViewXRP price could fall to the uptrend line, which is expected to act as a strong support. If the price rebounds off the uptrend line, the bulls will again try to shove the price above the 20-day EMA. If they do that, it will signal aggressive buying at lower levels. The pair may then climb to the 50-day SMA ($0.53).Contrarily, if the uptrend line fails to hold, XRP price could first slump to $0.46 and thereafter to the formidable support at $0.41. This level is likely to attract strong buying by the bulls.Cardano price analysisCardano’s ADA (ADA) dropped to the critical support at $0.24 on Sept. 25, indicating that the bears have maintained their pressure.ADA/USDT daily chart. Source: TradingViewA minor advantage in favor of the bulls is that the RSI is forming a bullish divergence. The bulls will have to quickly shove the ADA/USDT pair above the downtrend line to reduce the risk of a breakdown below $0.24. If they can pull it off, the bearish descending triangle will be rendered invalid, which could boost the price to $0.29.Instead, if bears drag ADA price below $0.24, it will complete the bearish setup. That could start a downward move toward $0.22 and subsequently to the pattern target of $0.19.Related: How much is Bitcoin worth today?Dogecoin price analysisDogecoin (DOGE) is stuck inside a tight range between $0.06 and the 20-day EMA ($0.06). Typically, a volatility squeeze is followed by an expansion in volatility, but it is difficult to predict the direction of the breakout.DOGE/USDT daily chart. Source: TradingViewIf the price turns up off the current level, the bulls will again try to clear the overhead hurdle at the 20-day EMA. If they succeed, the DOGE/USDT pair could rise to $0.07 and later sprint to $0.08. The bears are expected to sell near this level.Alternatively, if the range resolves to the downside with a break below $0.06, it will indicate that bears have seized control. DOGE price may then nosedive to the next major support at $0.055.Toncoin price analysisToncoin (TON) turned down sharply from the overhead resistance at $2.59 on Sept. 20 and continued lower, indicating that the bulls are booking profits.TON/USDT daily chart. Source: TradingViewThe first support on the downside is at the 20-day EMA ($2.11). If the price rebounds off this level with strength, it will suggest that the sentiment remains positive and traders are buying on dips. The bulls will then again try to push the price to $2.59.Contrary to this assumption, if the price skids below the 20-day EMA, it will indicate that the bulls are losing their grip. The TON/USDT pair could first dip to the psychological level of $2 and later to the 50-day SMA ($1.72). A deeper correction is likely to delay the next leg of the up-move.Solana price analysisSolana’s SOL (SOL) has been clinging to the 20-day EMA ($19.53) for the past few days, indicating a tough battle between the bulls and the bears.SOL/USDT daily chart. Source: TradingViewThe flattish 20-day EMA and the RSI just below the midpoint indicate a balance between supply and demand. On the upside, the bulls will have to thrust the price above the 50-day SMA ($20.80) to signal the start of a recovery to $22.30.Conversely, if the price turns down from the current level, it will suggest that the bears are back in command. The SOL/USDT pair could then retest the important support at $17.33. If this level snaps, the pair may collapse to $14.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.

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Despite what appears to be a generally dismal outlook on the global and U.S. economy, Hayes still expects Bitcoin price to outperform, and he placed a target estimate in the $750,000 to $1 million range by the end of 2026. This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.Dollar-cost-averaging (DCA for short) is a strategy that consists of making regular purchases of an asset for a fixed dollar amount. The idea is that by spreading buy orders out over time, volatility can be mitigated. Some buys will execute at lower prices while others will be executed at higher prices. This method can be particularly appealing for an asset like Bitcoin, which has been known for its legendary volatility. And yet, many financial pundits in the space still cling to the notion of Bitcoin’s (BTC) entire existence and market cap of nearly $600 billion being based on a Ponzi scheme of some sort. Others continue to deny that saving in the hardest form of money ever known has, so far, been an excellent investment thesis — one that has outperformed all others.Yes, there may be risks. And yes, volatility definitely comes with the territory. But looking at such factors in a vacuum does not make for adequate analysis of any investment. The alternative strategies available must be taken into consideration, along with other variables such as:What is the current macro environment, and how might it change going forward? What impact might this have on different asset classes and their performance?What risk/reward ratio does one strategy offer in comparison to others?Can diversification lead to an optimized risk/return profile, or does YOLO’ing all-in provide better returns?These are just a few potential questions that could be worth investigating when it comes to arguments against dollar-cost averaging (DCAing) into BTC for the long term.Bitcoin outperforms traditional investmentsSome investors, like those at Adamant Research, have been pointing out the reality of Bitcoin’s most favorable risk/reward ratio for many years:“We assert that the long term risk reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world. We expect for it to trade in a range of $3,000 to $6,500 after which we foresee the emergence of a new bull market.”The group made similar statements during the bear markets of 2015 and 2011 as well.Many traditional investments, like gold, real estate, or a portfolio consisting of 60% equities and 40% bonds, have significantly underperformed compared to DCA'ing into Bitcoin.The following chart illustrates the relative performance of several currencies and asset classes against BTC quite well:#Bitcoin - for the money you can't afford to lose.pic.twitter.com/j9iQ7iJVc7— Michael Saylor⚡️ (@saylor) July 7, 2023 How much is 1 USDT in Binance?Furthermore, continuously maintaining a blockchain hosting environment that ensures network safety, reliability, and optimum performance can be resource-intensive and may require specialist knowledge, especially as managing a dispersed network of nodes comes with its own unique hurdles compared to running a centralized hosting infrastructure. The organization will use a multi-signature wallet to collect donations denominated in a number of cryptocurrencies. These include Bitcoin, Ethereum, and stablecoins Tether (USDT) and USD Coin (USDC).

Embargo October 10, 1 PM EST At the heart of this transformation is the smart contract feature inherent to blockchain technology. Smart contracts are self-executing agreements encoded as computer programs on the blockchain. These contracts automate transactions based on predefined conditions, thus eliminating the possibility of tampering by unscrupulous actors. Where to Margin Trade Crypto in the USThe change does not mean that the CSA is changing its stance on crypto. Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula EJOE Sinks as Retailer Trader Joe’s Sues Namesake DEX

Cryptocurrency exchange Binance will list Neutron (NTRN) and open it for trading on 2023-10-10 15:00 for the following trading pairs: With bears driving the price from an intraday high of $2.75 to a 4-week low of $2.67, the CITY token has also witnessed a downward trend in recent trading sessions. However, at press time, the CITY price had found some stability around the $2.71 level. Which wallet has no gas fees?It is estimated that 6.8% of Spain’s adult population has invested part of its wealth in cryptocurrencies. The Spanish economy is highly developed and relies on industries such as renewable energy, IT, manufacturing, textiles, tourism, agriculture, and many more. There are no Bitcoin-related laws in Spain. Spanish law considers Bitcoin transactions as bartering and subject to its restrictions. Altcoins: Exercise Caution With These Cryptos

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