Bitcoin (BTC) continues to hold support above $40,000 as momentum improves on intraday charts.The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day. As of press time Wednesday, bitcoin was changing hands at $41,822.Still, upside appears to be limited toward the $43,000-$45,000 … [Read more...] about Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Faces
Wikipedia Faces Pressure to Stop Accepting Crypto Donations on Environmental Grounds
The Wikipedia proposal has sparked online discussions among Wiki users and contributors, most of whom have so far expressed support for banning crypto donations. However, the foundation noted that “this is not a majority vote, but instead a discussion among Wikimedia contributors. Agreement is gauged based on the merits of the arguments, not by counting votes.” Source link … [Read more...] about Wikipedia Faces Pressure to Stop Accepting Crypto Donations on Environmental Grounds
Bitcoin Rises from Oversold Levels; Faces Resistance Near $45K
BTC is the most oversold since Dec. 10, according to the relative strength index (RSI) on the daily chart. Typically, oversold readings precede price recoveries, similar to what occurred in late-September. This time, however, price reaction to the RSI and other indicators has been delayed. Source link … [Read more...] about Bitcoin Rises from Oversold Levels; Faces Resistance Near $45K
Solana network faces degraded performance for the second time this week
The Solana blockchain has faced its second network performance degradation incident this week. According to Solana, this is happening because of a rise in high compute transactions. As a result, the network capacity, which was originally advertised to be 50,000 transactions per second (TPS), was reduced to several thousand TPS. Solana cited this as the reason why users … [Read more...] about Solana network faces degraded performance for the second time this week
Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K
The relative strength index (RSI) on the daily chart is almost oversold, similar to what occurred in late-July and September, which preceded near-50% price rallies. Still, buyers will need to break above the $60,000-$65,000 resistance zone in order to yield upside price targets. Source link … [Read more...] about Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K