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
Holding
Bitcoin Holding Support Above $42K; Resistance at $45K-$47K
Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize.BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week.Support is seen around the $40,000 price … [Read more...] about Bitcoin Holding Support Above $42K; Resistance at $45K-$47K
How Companies Are Exploring Alternatives to Buying and Holding Crypto
Publicly traded companies, large privately held companies and even national governments are stealing the crypto headlines nowadays thanks to their investment in crypto treasuries. MicroStrategy CEO Michael Saylor is the ultimate evangelist for the idea. His company holds over 121,000 of the 21 million bitcoins that will ever exist.That said, substituting cash reserves with … [Read more...] about How Companies Are Exploring Alternatives to Buying and Holding Crypto
Shiba Inu makes up the biggest holding of the top 1,000 ETH wallets
Data from whalestats.com shows that controversial meme token Shiba Inu is the most significant holding of the top 1,000 ETH wallets, excluding Ethereum.Following a tremendous October run-up, in which $SHIB hit over 1,000% gains at its peak price of $0.00008846, things have cooled off significantly.The Shiba Inu price is currently caught in a downtrend with $0.00004519 providing … [Read more...] about Shiba Inu makes up the biggest holding of the top 1,000 ETH wallets
Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
Bitcoin (BTC) is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. The cryptocurrency is roughly flat over the past 24 hours and could see further upside toward the $63,000-$65,000 resistance zone.Both the 50-day and 100-day moving averages are sloping upward, indicating a positive intermediate-term trend. This means … [Read more...] about Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K