Crypto News

However, it quickly rebounded and is currently trading above $50,000. BTC Technical Analysis: The 50-day simple moving average (SMA) has been acting as a strong support level for Bitcoin, preventing it from dropping further. The 100-day SMA is also providing support at $49,500, indicating that there is strong buying pressure at these levels. Key Levels to Watch: The $50,000 level remains a crucial psychological level for Bitcoin. If it can sustain above this level, it could potentially retest the $52,000 resistance level. On the downside, if it breaks below the 100-day SMA, the next support level to watch is at $48,500. Market Sentiment: As Bitcoin continues to range between $48,500 and $52,000, market sentiment remains mixed. Some analysts believe that this is a healthy consolidation phase before the next leg up, while others are cautious and believe that a further drop is possible. Crypto Tickers: BTC, ETH, ADA, DOT, XRP Trending Hashtags: #Bitcoin, #BTC, #crypto, #cr...

BTC Technical Analysis: The Bitcoin price failed to gain momentum above the $68,000 resistance against the US Dollar. BTC started a fresh decline and it is now trading below the $67,000 support. The current price action is bearish, indicating a possible break below the $66,000 support in the near term. Key Support Levels: If there is a downside break below the $66,000 support, the price could decline further towards the $65,000 support. The next major support is near the $64,500 level, below which the price could test the $64,000 zone. Key Resistance Levels: On the upside, the $67,000 level is an initial resistance. The main resistance is now forming near the $68,000 zone. A successful close above the $68,000 level could start a strong increase towards the $70,000 level. Bitcoin Dominance: Bitcoin dominance is also declining and it is now trading well below the 65% level. Ethereum is gaining pace and it could continue to outperform BTC in the near term. Other altcoins like...

What are ETNs? ETNs, or exchange-traded notes, are a type of unsecured, unsubordinated debt security that tracks an underlying asset, in this case, cryptocurrencies. ETNs allow investors to gain exposure to the price movements of the underlying asset without actually owning it. Why is this significant? The fact that the London Stock Exchange, one of the largest and most reputable stock exchanges in the world, has begun trading Bitcoin and Ethereum ETNs is a major milestone for the cryptocurrency industry. It shows that these digital assets are gaining mainstream recognition and acceptance as legitimate investment options. This also opens up the door for more traditional investors to enter the crypto market through a familiar avenue such as the stock exchange. What does this mean for Bitcoin and Ethereum? The addition of Bitcoin and Ethereum ETNs to the London Stock Exchange means that there is now more exposure and liquidity for these cryptocurrencies. This could potential...