How to Buy Bitcoin: Complete Guide to The Best Options ... - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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The bitcoin ETF filings from traditional heavyweights Blackrock, Fidelity, and others, have significantly improved chances for a bitcoin ETF, and two courts have sided — or partially sided, in the case of Ripple — with crypto companies. The 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. How to Buy Bitcoin: Complete Guide to The Best Options ...However, an efficient ASIC-compatible CryptoNight was developed in 2017 by Bitmain, and by 2018, ASICs had rejoined the Monero network. In 2019, Monero changed its mining algorithm to RandomX, which focused on CPU mining. This possibility is particularly apparent when considering Bitcoin’s long-term performance against the S&P 500. Indeed, the clear signal confirming the bull market’s start in February 2023 appears intact.

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You can now do a test run with ./ccminer -c config.json in order to see that everything will be running just fine, before you configure the Orange Pi 5 to automatically start the miner on every start by taking advantage of the crontab functionality of Linux. If running the miner manually results in normal operation, then you can proceed to configuring crontab by running: But elsewhere during Milan Fashion Week late last month, we saw massive fashion brands embrace Web3 technologies and the metaverse at large. Stock, Crypto Prices Now On Your Twitter Account With eToro DealIt kicked off with the “Web3 x Fashion” event, a brainchild of the European Web3 Organization, BananaCorp, and AKQA. Esteemed luxury fashion houses such as Prada, Dolce & Gabbana, Balenciaga, Moschino, Armani, Loro Piana, Valentino, Bally, Ray-Ban, and others participated, alongside prominent Web3 firms including Ledger, Tokenproof, Bored Ape Yacht Club creator Yuga Labs, and World of Women. “Slight probability shift on Nov 1 towards a hike but still unlikely,” a further prognosis for Fed action read.“Would need to see FED tone & posturing first to weigh the probability.”Updating analysis from earlier on Oct. 6, meanwhile, fellow trader Daan Crypto Trades highlighted declining Bitcoin open interest (OI).Previously, this had hit levels that previously initiated spurts of upside followed by downside volatility.“That’s another $600M in Open Interest lost since yesterday’s high. Getting to the more average and ‘healthy’ levels again,” he summarized.BTC/USD chart with aggregated OI. Source: Daan Crypto Trades/XThis 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.

Maker price prediction showcases the decline of MKR crypto price from the higher level over the daily time frame chart. MKR crypto needs to attract buyers in order to reach the recovery level. However, trading volume has been below average and needs to grow for the Maker crypto price to sustain at a higher level. Ethereum (ETH) Price Prediction | GIOM data | Source: IntoTheBlock ChatGPT's Ethereum Price Prediction is $3,500, Also Backs AiDoge to PumpLaunched in 2017 by Michael Oved, Sam Tabar, and Don Mosites, AirSwap is a cryptocurrency exchange that lets users buy and sell digital assets without a third-party intermediary. In 2020, AirSwap’s original developer, Fluidity, was acquired by blockchain software technology company ConsenSys in May 2020. The last major update to the AirSwap decentralized exchange launched in November 2021. (Disclosure: ConsenSys Mesh is one of 22 investors in Decrypt.) Source: TradingViewThe Cardano price has increased by 1% in the past 24 hours, reaching $0.260110 as the wider cryptocurrency market barely moves today.ADA's rise means that it has become the ninth-biggest coin in the market in terms of capitalization, with the altcoin also up by 6% in a week and by 1% in the last 30 days.The cryptocurrency has also risen by 5.5% since the beginning of the year, and with the market showing some signs of long-term recovery earlier this week, Cardano's fundamentals could help it see more gains in the near and more distant future.Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100?ADA is showing encouraging signs of strength at the moment, with its indicators warming up but still have plenty of space left to rise before the coin becomes overbought.Source: TradingViewIts relative strength index (purple) is rising to 60 after struggling to hit 40 around a week ago, with the coin's growing momentum potentially on course to increase further in the coming days.At the same time, ADA's 30-day moving average (yellow) looks as though it's about to begin rising up toward its 200-day average (blue), after having spent months well below the longer-term indicator.In other words, ADA has been oversold for too long, so today's rise could be the beginning of a much-needed recovery rally.There's no particular fundamental reason or piece of news as to why ADA is rising today, yet it needs to be remembered that Cardano continues to grow and develop as a layer-one blockchain network, and that its development ultimately means that ADA should rise sooner or later.Indeed, Cardano's total value locked in has risen by 220% since the beginning of the year, and given that this percentage far exceeds ADA's gains over the same period, it has to be concluded that the rising TVL is due to rising usage.Other signs of rising usage come from the data, which shows that Cardano now has 144 projects up and running on its platform, as well as 1,287 projects currently under development.Yes, Cardano's growth has been slow and steady, but it's arguable that it's closing in on reaching a critical mass that should see its adoption and usage rates increase considerably.And in turn, ADA is likely to rise in value with it, with the altcoin potentially on track to reach $0.30 in the next couple of weeks and then $0.40 in the final month of the year.Other Fundamentally Strong AltcoinsWhile ADA is a fundamentally sound token, its progress continues to be gradual, so traders looking for faster, above-average gains may be advised to look elsewhere at the moment.Presale tokens have provided one promising source of high returns this year, with Wall Street Memes (WSM), for example, already racing to 260th in the overall cryptocurrency market after its successful sale.And one of the most interesting presales happening right now belongs to TG.Casino (TGC), a decentralized casino platform that will combine online gaming and gambling with social networking.TG.Casino has already raised more than $400,000, despite the fact that its sale began only a couple of weeks, meaning that investors are quickly jumping on the coin in the belief that it could do well.What makes TG.Casino different from many of its rivals is that it will have a strong presence on Telegram, harnessing the messaging app's pre-existing communities to provide itself with a large and growing userbase.This use of Telegram will give TG.Casino an edge over its competition, with its base of supporters likely to help boost its native token and recruit further users.On top of this, TG.Casino will feature a wide assortment of online games and gambling experiences, which will give users the chance to earn rewards in TGC.As the platform's native token, TGC will be open to staking and will have a hard cap of 100 million, with 40% set aside for its presale, 20% going to staking rewards and 10% to gaming rewards, all of which will incentivize strong engagement from its community.To join the presale, new investors need only go the official TG.Casino website, where 1 TGC will cost $0.125 for the duration.From there, the coin will then list on exchanges once the sale has closed, potentially becoming another 2023 success story.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Solana Price Prediction as Accumulation Continues at $20 Level – Can SOL Reach $1,000 in the Next Bull Run?

For instance, hard forks can result from disagreements among the community or developers on protocol updates. Until the issue is settled, different factions might continue supporting PoW blockchains, resulting in a lack of finality. The announcement of the glitch brought apparent frustration as users came on the Bitstamp X timeline to vent. Though unsubstantiated, some users noted that Dogecoin (DOGE) trading pairs were having issues. Bitcoin Is In For A Wild Ride In 2023: Here Are The PredictionsBaby DogeCoin: AI Image Generator and Token Burning Bitcoin’s (BTC) price jumped 2% after the US Bureau of Labor Statistics published the September non-farm payrolls report on Friday. A vital on-chain indicator suggests that BTC is in a prime position of bullish price action in the coming weeks.

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