Analisi di mercato

Ethereum 2.0 sees ray of hope after multiple delays and internal conflicts

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Ethereum 2.0 sees ray of hope after multiple delays and internal conflicts. -Ethereum price flashed a sell signal, hinting at a correction after a 58% upswing. -The hash rate improves after the mining community faced a debacle. -ETH developers continue to evolve the ecosystem with new ideas and platforms. Ethereum price showed an excellent bullish outlook as it rallied from the range low to retest a resistance level just below the range high. While this upswing was stellar, it might be coming to an end as the Momentum Reversal Indicator (MRI) flashed a sell signal. London hard fork and EIP-1559 Perhaps the most promising development in the Ethereum ecosystem is the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The staking of ETH, in particular, has garnered attention from investors, who are staking roughly 50% of their holdings, according to BitStamp exchange’s CEO Julian Sawyer. The ETH 2.0 contract has seen 6.48 million ETH worth $17 billion deposited to it at the time of writing. Speaking of the interest seen by BitStamp for ETH staking, the CEO stated, The ETH 2.0 contract’s collection shows the interest among users for the upcoming London Hardfork. This upgrade is significant since it proposes two critical improvements to the existing blockchain network. A shift from PoW to PoS to improve the scalability of the blockchain while retaining security and decentralization. A paradigm shift in how fees are collected and burned, making ETH a deflationary asset. According to Ethereum core developer Tim Beiko, the hard fork will go live on August 4 between 13:00 UTC and 17:00 UTC. In other words, it will arrive at the block height of 12,965,000. The change in the underlying nature of how Ethereum works is crucial since ETH 2.0 will not require energy-intensive mining equipment. However, a major reason this change was promoted was to improve the scalability of the Ethereum blockchain and increase the efficiency of transactions. Often, Ethereum blockchain would face congestion during peak hype, leading to high gas fees and delayed transactions. The DeFi summer of 2020 was the last time ETH gas fees skyrocketed and inadvertently stopped the massive cycle. The implementation will consist of five significant proposals, EIP-1559, EIP-3198, EIP-3529, EIP-3541 and EIP-3554. However, by implementing the Ethereum Improvement Proposal (EIP)-1559, the arbitrary nature of gas will be eliminated. According to EIP-1559, the gas fees will be split, and a part of the fees will be burned, effectively reducing the total fees received by the miners. While this controversial fee structure created a chasm between the developers, users and miners, things seem to have cooled off as the proposal approaches. Concerns on the hard fork’s schedule Although the fundamental nature of this upgrade is bullish, there have been plenty of delays from shifting to ETH 2.0. Therefore, the audience is concerned about the upcoming London hard fork, which went live on the Ropsten test network on July 21. However, since its first debut in 2019, things have not gone according to the core developers’ plans. From pushbacks to delays, this proposal has caused the mining community to oppose it, leaving the Ethereum network open to a 51% attack. Speaking during a conference in June 2021, Vitalik Buterin stated that the biggest roadblock in the shift from ETH to ETH 2.0 was people-related problems and not technical issues. This statement by the creator of ETH refers to the internal conflicts that have been ongoing for several years. Despite the launch on the testnet, the hard fork faced a chain split, causing an invalid transaction to be mined into the blockchain. Although the bug was addressed immediately, there is no telling how things might change after the implementation on the mainnet on August 4. Ethereum price primed for correction Ethereum price rallied roughly 58% from the range low at $1,700 to nearly $2,700 in under two weeks. This massive upswing was a result of Ether’s correlation with Bitcoin. While this run-up was optimistic, bulls might have to take a backseat as the Momentum Reversal Indicator (MRI) flashed a sell signal in the form of a red ‘one’ candlestick on the 12-hour chart. This technical formation forecasts a one-to-four candlestick correction for ETH. The likely targets include the midpoint of the trading range at $2,297 and the $2,271 and $2,174 support levels. A retracement to $2,174 would indicate a 17% pullback from $2,640. This move would exhaust the selling pressure from investors willing to book profit and provide an opportunity for sidelined investors to hop on the next leg up that propels Ethereum price 33% higher to tag the range high at $2,895.

2021-08-02 19:49 Filippine

6

Ripondi

Analisi di mercato

Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Elon Musk says Bitcoin may have already hit his benchmark on renewable energy. "I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO. Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision. “There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple the amount of energy in such a short period of time with renewables [...] Tesla’s mission is accelerating sustainable energy. We can’t be the company that does that and not do appropriate diligence on the energy usage of Bitcoin.” In May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” The price of the crypto asset subsequently fell under $40,000 for the first time since February. The Tesla CEO later clarified that the company would resume BTC transactions when there was confirmation miners were using more than 50% clean energy “with positive future trend.”

2021-07-22 10:08 Filippine

17

1

Analisi di mercato

Forecast sa presyo ng Ginto: Nagsasara ang XAU / USD ng $ 1800 sa na-update na lakas ng USD

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Forecast sa presyo ng Ginto: Nagsasara ang XAU / USD ng $ 1800 sa na-update na lakas ng USD. Mas mababa ang mga gilid ng ginto habang inaatake ng mga oso ang pangunahing average na paglipat. Ang mga limitasyon sa bakuna upang mabait ang mga variant ng covid na sumulong sa stimulus optimism. Ang pagboto sa panukalang batas sa imprastraktura ng US, mananatili ang mga katalista sa peligro bilang susi. Gold Lingguhang Pagtataya: Posibleng pagwawasto sa $ 1,800 bilang hawak ng pangunahing pagtutol Update: Ang presyo ng ginto ay nag-post ng maliliit na pagkalugi, patungo sa isang pagsubok ng marka na $ 1800 matapos na mabigo ang bulla na panatilihin sa mas mataas na antas muli. Ang isang sariwang pick up sa pangangailangan para sa dolyar ng US sa buong board, sa kabila ng isang pinabuting kalagayan sa merkado, ay may bigat sa presyo ng ginto. Ang Delta covid iba't ibang takot at pag-aalala tungkol sa runaway inflation ay patuloy na lumiwanag sa background, na nagbibigay ng suporta sa dolyar. Samantala, ang mga positibong ani ng Treasury ay nagdaragdag din ng downside pressure sa ginto. Ang mga namumuhunan, sa ngayon, ay hindi gaanong nakikinig sa mga update sa paggastos ng imprastraktura ng US. Inaasahan, ang damdaming peligro at pagkilos ng presyo ng dolyar ng US ay mananatili sa pagtuon para sa mga sariwang ginto. Ang data docket ng US ay magaan para sa Miyerkules.

2021-07-21 12:03 Filippine

2

Ripondi

Analisi di mercato

Dogecoin price continues to tumble after Elon Musk’s tweet, DOGE contemplates 78% decline

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Dogecoin price continues to tumble after Elon Musk’s tweet, DOGE contemplates 78% decline. Dogecoin price is currently close to testing a crucial support level at $0.161. Elon Musk responds to a comment saying that his son is holding DOGE. The 2021 bull run gains might come undone if the $0.161 support shatters. Dogecoin price has dropped massively since its peak in April. This steady decline is approaching a crucial demand barrier, a breakdown of which could lead to a cascading sell-off. Elon Musk and his influence on cryptocurrencies Tesla CEO Elon Musk has played a crucial role in appreciating the market value of Dogecoin and other meme coins. While his tweets used to send dog-themed cryptocurrencies soaring, lately his influence seems to be fading away. Musk responded to one of the comments saying, “Lil X” (referring to this son) is “holding his Doge like a champ. Literally never said the word “sell” even once!” Although the mention of “Dogecoin” propped up DOGE price on July 17, the dog-themed cryptocurrency continued its descent soon after, hinting at a huge selling pressure and the diminished influence of Musk over cryptocurrencies. While Musk continues to lose his sway over the meme coins, technicals for DOGE paint red flags and warn of an incoming sell-off. Dogecoin price approaches crucial threshold Dogecoin price has dropped 76% from its peak in April to where it currently stands – $0.178. Over the past week, DOGE has slid 18% and roughly 40% since June 19, indicating that the investors are offloading their holdings. While Musk’s tweet on July 17 temporarily propped up the price, the sell-off has resumed. If Dogecoin price continues to tumble, it will approach the $0.161 support level, which forms the neckline of a head-and-shoulders pattern. This technical formation contains three distinctive peaks, with the central swing point higher than the other two referred to as the “head.” The swing highs on either side are known as “shoulders.” All the peaks bounce from a support level at $0.161 called the “neckline.” The setup forecasts a 78% decline to $0.018, determined by adding the distance between the head’s peak and the neckline to the breakout point at $0.161. Therefore investors need to keep a close eye on a decisive daily candlestick close below the said level as it will confirm the start of a downtrend. The demand zone extending from $0.045 to $0.088 might absorb the selling pressure and even contain it, but an increased bearish momentum could easily slice through this barrier.

2021-07-19 17:16 Stati Uniti

1

Ripondi

Analisi di mercato

New Iranian bill to support Bitcoin mining and ban crypto payments

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: New Iranian bill to support Bitcoin mining and ban crypto payments. The parliament of Iran proposed new legislation to centralize and regulate cryptocurrency use, licenses to be issued to Bitcoin mining farms. Iran plans to issue a national cryptocurrency for domestic transaction settlement and impose a ban on the use of cryptocurrencies mined outside Iran. Licensing of Bitcoin mining operations may tackle the persistent blackouts that result from illegal mining operations consuming excess electricity. After a crackdown on Bitcoin miners, the government of Iran is now taking steps to license these operations. The blanket ban on cryptocurrency mining may be lifted soon. Central Bank of Iran attempts to counter capital flight Iran’s economy is in a crisis following the collapse of oil exports, systemic corruption, and mismanagement spanning decades. The economic turmoil has impacted the national currency, the Rial, which has severely depreciated against the dollar ever since the former U.S. President Donald Trump withdrew from the nuclear deal in 2018. Since then, the Central Bank of Iran (CBI) has been strapped for foreign currencies and attempted to counter capital flight by implementing a blanket ban on the use of cryptocurrency mined outside Iran. The ban served as an opportunity for Iran to expand power plant infrastructure and run repairs on existing power grids to try to lessen the impact of the crypto-rush. Several unlicensed mining firms have been operating around the nation since the cost of electricity is about $0.003/kWH, roughly forty times cheaper than the world’s average of $0.14/kWh.

2021-07-07 17:43 Filippine

1

1

Analisi di mercato

XLM Price Prediction: Stellar could rally 10% if it can breach this critical level

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: XLM Price Prediction: Stellar could rally 10% if it can breach this critical level XLM price performance shows a lack of buyers, which has kept it from reclaiming its range low at $0.274. A decisive 4-hour candlestick close above $0.274 will signal the start of an uptrend. If Stellar sets up a lower low at $0.228, a bearish scenario might come into play. XLM price has been on a downtrend since May 23. Any attempts to move above the midpoint of the range have been unsuccessful. Moreover, the recent crash between June 20 and 23 pushed it below the lower end of its trading range, painting a bearish picture. After a minor upswing, Stellar is now taking a jab at an uptrend if it can reclaim a crucial resistance level.XLM price struggles to climb XLM price has been on a continuous downtrend since June 3. In fact, Stellar has not produced any higher highs since May 16, which paints a rough idea of how investors view Stellar from an investment standpoint. Regardless of the lack of optimism around XLM price, a decisive 4-hour candlestick close above the range low at $0.274 will signal a resurgence of bullish momentum. In such a case, Stellar bulls might push the remittance token toward the immediate resistance level at $0.286. Following a breach of his supply level, if the buying pressure persists, XLM price might tag $0.303, a swing high set up on June 21. Such a development would allow XLM price to take a jab at breaking the downtrend and kick-start an uptrend. If the buyers manage to set up a swing high above $0.303, it will attract some sidelined investors to jump on the bandwagon, invoking large bid orders. Such a turn of events might hold the key to push the remittance token to $0.352, roughly 28% from the range low.

2021-06-28 15:02 Filippine

1

Ripondi

Analisi di mercato

Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape BITCOIN (BTC/USD) PRICE OUTLOOK: Bitcoin appears vulnerable to further losses after massive losses broke key technical support BTC/USD will look to recoup lost ground and hold above crucial support at $30,000 How to Trade in a Bear Market: A Short Seller’s Guide BITCOIN PRICE MAY BE IN PERIL AFTER LOSSES RESHAPE TECHNICAL LANDSCAPE Bitcoin may be vulnerable to further losses and volatility as risk appetite waned and cryptocurrency sentiment soured throughout the week. Price action has seen BTC/USD crater beneath multiple levels of support as corporations walked back their adoption plans and major exchanges had outages. The series of fundamental headwinds highlight the relatively young state of the cryptocurrency market and the immense volatility that can follow in times of uncertainty. While Bitcoin is no stranger to volatility, months of gains have seen much of that volatility limited to the upside. Crypto bulls faced a rude awakening this week, however, as Bitcoin pierced major support around the $46,750 and $43,000 levels. The rout gained steam with each break beneath support and BTC/USD plummeted to a lifeline at $30,000 before leveling off and retracing higher. BITCOIN (BTC/USD) PRICE CHART: 4 - HOUR TIME FRAME (JANUARY 2021 – MAY 2021)

2021-05-21 09:49 Filippine

3

Ripondi

MercatoEthereum 2.0 sees ray of hope after multiple delays and internal conflicts

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Ethereum 2.0 sees ray of hope after multiple delays and internal conflicts. -Ethereum price flashed a sell signal, hinting at a correction after a 58% upswing. -The hash rate improves after the mining community faced a debacle. -ETH developers continue to evolve the ecosystem with new ideas and platforms. Ethereum price showed an excellent bullish outlook as it rallied from the range low to retest a resistance level just below the range high. While this upswing was stellar, it might be coming to an end as the Momentum Reversal Indicator (MRI) flashed a sell signal. London hard fork and EIP-1559 Perhaps the most promising development in the Ethereum ecosystem is the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The staking of ETH, in particular, has garnered attention from investors, who are staking roughly 50% of their holdings, according to BitStamp exchange’s CEO Julian Sawyer. The ETH 2.0 contract has seen 6.48 million ETH worth $17 billion deposited to it at the time of writing. Speaking of the interest seen by BitStamp for ETH staking, the CEO stated, The ETH 2.0 contract’s collection shows the interest among users for the upcoming London Hardfork. This upgrade is significant since it proposes two critical improvements to the existing blockchain network. A shift from PoW to PoS to improve the scalability of the blockchain while retaining security and decentralization. A paradigm shift in how fees are collected and burned, making ETH a deflationary asset. According to Ethereum core developer Tim Beiko, the hard fork will go live on August 4 between 13:00 UTC and 17:00 UTC. In other words, it will arrive at the block height of 12,965,000. The change in the underlying nature of how Ethereum works is crucial since ETH 2.0 will not require energy-intensive mining equipment. However, a major reason this change was promoted was to improve the scalability of the Ethereum blockchain and increase the efficiency of transactions. Often, Ethereum blockchain would face congestion during peak hype, leading to high gas fees and delayed transactions. The DeFi summer of 2020 was the last time ETH gas fees skyrocketed and inadvertently stopped the massive cycle. The implementation will consist of five significant proposals, EIP-1559, EIP-3198, EIP-3529, EIP-3541 and EIP-3554. However, by implementing the Ethereum Improvement Proposal (EIP)-1559, the arbitrary nature of gas will be eliminated. According to EIP-1559, the gas fees will be split, and a part of the fees will be burned, effectively reducing the total fees received by the miners. While this controversial fee structure created a chasm between the developers, users and miners, things seem to have cooled off as the proposal approaches. Concerns on the hard fork’s schedule Although the fundamental nature of this upgrade is bullish, there have been plenty of delays from shifting to ETH 2.0. Therefore, the audience is concerned about the upcoming London hard fork, which went live on the Ropsten test network on July 21. However, since its first debut in 2019, things have not gone according to the core developers’ plans. From pushbacks to delays, this proposal has caused the mining community to oppose it, leaving the Ethereum network open to a 51% attack. Speaking during a conference in June 2021, Vitalik Buterin stated that the biggest roadblock in the shift from ETH to ETH 2.0 was people-related problems and not technical issues. This statement by the creator of ETH refers to the internal conflicts that have been ongoing for several years. Despite the launch on the testnet, the hard fork faced a chain split, causing an invalid transaction to be mined into the blockchain. Although the bug was addressed immediately, there is no telling how things might change after the implementation on the mainnet on August 4. Ethereum price primed for correction Ethereum price rallied roughly 58% from the range low at $1,700 to nearly $2,700 in under two weeks. This massive upswing was a result of Ether’s correlation with Bitcoin. While this run-up was optimistic, bulls might have to take a backseat as the Momentum Reversal Indicator (MRI) flashed a sell signal in the form of a red ‘one’ candlestick on the 12-hour chart. This technical formation forecasts a one-to-four candlestick correction for ETH. The likely targets include the midpoint of the trading range at $2,297 and the $2,271 and $2,174 support levels. A retracement to $2,174 would indicate a 17% pullback from $2,640. This move would exhaust the selling pressure from investors willing to book profit and provide an opportunity for sidelined investors to hop on the next leg up that propels Ethereum price 33% higher to tag the range high at $2,895.

Rey

2021-08-02 19:49

MercatoElon Musk says Bitcoin may have already hit his benchmark on renewable energy

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Elon Musk says Bitcoin may have already hit his benchmark on renewable energy. "I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO. Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision. “There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple the amount of energy in such a short period of time with renewables [...] Tesla’s mission is accelerating sustainable energy. We can’t be the company that does that and not do appropriate diligence on the energy usage of Bitcoin.” In May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” The price of the crypto asset subsequently fell under $40,000 for the first time since February. The Tesla CEO later clarified that the company would resume BTC transactions when there was confirmation miners were using more than 50% clean energy “with positive future trend.”

Rey

2021-07-22 10:08

MercatoForecast sa presyo ng Ginto: Nagsasara ang XAU / USD ng $ 1800 sa na-update na lakas ng USD

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Forecast sa presyo ng Ginto: Nagsasara ang XAU / USD ng $ 1800 sa na-update na lakas ng USD. Mas mababa ang mga gilid ng ginto habang inaatake ng mga oso ang pangunahing average na paglipat. Ang mga limitasyon sa bakuna upang mabait ang mga variant ng covid na sumulong sa stimulus optimism. Ang pagboto sa panukalang batas sa imprastraktura ng US, mananatili ang mga katalista sa peligro bilang susi. Gold Lingguhang Pagtataya: Posibleng pagwawasto sa $ 1,800 bilang hawak ng pangunahing pagtutol Update: Ang presyo ng ginto ay nag-post ng maliliit na pagkalugi, patungo sa isang pagsubok ng marka na $ 1800 matapos na mabigo ang bulla na panatilihin sa mas mataas na antas muli. Ang isang sariwang pick up sa pangangailangan para sa dolyar ng US sa buong board, sa kabila ng isang pinabuting kalagayan sa merkado, ay may bigat sa presyo ng ginto. Ang Delta covid iba't ibang takot at pag-aalala tungkol sa runaway inflation ay patuloy na lumiwanag sa background, na nagbibigay ng suporta sa dolyar. Samantala, ang mga positibong ani ng Treasury ay nagdaragdag din ng downside pressure sa ginto. Ang mga namumuhunan, sa ngayon, ay hindi gaanong nakikinig sa mga update sa paggastos ng imprastraktura ng US. Inaasahan, ang damdaming peligro at pagkilos ng presyo ng dolyar ng US ay mananatili sa pagtuon para sa mga sariwang ginto. Ang data docket ng US ay magaan para sa Miyerkules.

Rey

2021-07-21 12:03

MercatoDogecoin price continues to tumble after Elon Musk’s tweet, DOGE contemplates 78% decline

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Dogecoin price continues to tumble after Elon Musk’s tweet, DOGE contemplates 78% decline. Dogecoin price is currently close to testing a crucial support level at $0.161. Elon Musk responds to a comment saying that his son is holding DOGE. The 2021 bull run gains might come undone if the $0.161 support shatters. Dogecoin price has dropped massively since its peak in April. This steady decline is approaching a crucial demand barrier, a breakdown of which could lead to a cascading sell-off. Elon Musk and his influence on cryptocurrencies Tesla CEO Elon Musk has played a crucial role in appreciating the market value of Dogecoin and other meme coins. While his tweets used to send dog-themed cryptocurrencies soaring, lately his influence seems to be fading away. Musk responded to one of the comments saying, “Lil X” (referring to this son) is “holding his Doge like a champ. Literally never said the word “sell” even once!” Although the mention of “Dogecoin” propped up DOGE price on July 17, the dog-themed cryptocurrency continued its descent soon after, hinting at a huge selling pressure and the diminished influence of Musk over cryptocurrencies. While Musk continues to lose his sway over the meme coins, technicals for DOGE paint red flags and warn of an incoming sell-off. Dogecoin price approaches crucial threshold Dogecoin price has dropped 76% from its peak in April to where it currently stands – $0.178. Over the past week, DOGE has slid 18% and roughly 40% since June 19, indicating that the investors are offloading their holdings. While Musk’s tweet on July 17 temporarily propped up the price, the sell-off has resumed. If Dogecoin price continues to tumble, it will approach the $0.161 support level, which forms the neckline of a head-and-shoulders pattern. This technical formation contains three distinctive peaks, with the central swing point higher than the other two referred to as the “head.” The swing highs on either side are known as “shoulders.” All the peaks bounce from a support level at $0.161 called the “neckline.” The setup forecasts a 78% decline to $0.018, determined by adding the distance between the head’s peak and the neckline to the breakout point at $0.161. Therefore investors need to keep a close eye on a decisive daily candlestick close below the said level as it will confirm the start of a downtrend. The demand zone extending from $0.045 to $0.088 might absorb the selling pressure and even contain it, but an increased bearish momentum could easily slice through this barrier.

Reynan Guillemer Baron

2021-07-19 17:16

MercatoNew Iranian bill to support Bitcoin mining and ban crypto payments

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: New Iranian bill to support Bitcoin mining and ban crypto payments. The parliament of Iran proposed new legislation to centralize and regulate cryptocurrency use, licenses to be issued to Bitcoin mining farms. Iran plans to issue a national cryptocurrency for domestic transaction settlement and impose a ban on the use of cryptocurrencies mined outside Iran. Licensing of Bitcoin mining operations may tackle the persistent blackouts that result from illegal mining operations consuming excess electricity. After a crackdown on Bitcoin miners, the government of Iran is now taking steps to license these operations. The blanket ban on cryptocurrency mining may be lifted soon. Central Bank of Iran attempts to counter capital flight Iran’s economy is in a crisis following the collapse of oil exports, systemic corruption, and mismanagement spanning decades. The economic turmoil has impacted the national currency, the Rial, which has severely depreciated against the dollar ever since the former U.S. President Donald Trump withdrew from the nuclear deal in 2018. Since then, the Central Bank of Iran (CBI) has been strapped for foreign currencies and attempted to counter capital flight by implementing a blanket ban on the use of cryptocurrency mined outside Iran. The ban served as an opportunity for Iran to expand power plant infrastructure and run repairs on existing power grids to try to lessen the impact of the crypto-rush. Several unlicensed mining firms have been operating around the nation since the cost of electricity is about $0.003/kWH, roughly forty times cheaper than the world’s average of $0.14/kWh.

Rey

2021-07-07 17:43

MercatoXLM Price Prediction: Stellar could rally 10% if it can breach this critical level

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: XLM Price Prediction: Stellar could rally 10% if it can breach this critical level XLM price performance shows a lack of buyers, which has kept it from reclaiming its range low at $0.274. A decisive 4-hour candlestick close above $0.274 will signal the start of an uptrend. If Stellar sets up a lower low at $0.228, a bearish scenario might come into play. XLM price has been on a downtrend since May 23. Any attempts to move above the midpoint of the range have been unsuccessful. Moreover, the recent crash between June 20 and 23 pushed it below the lower end of its trading range, painting a bearish picture. After a minor upswing, Stellar is now taking a jab at an uptrend if it can reclaim a crucial resistance level.XLM price struggles to climb XLM price has been on a continuous downtrend since June 3. In fact, Stellar has not produced any higher highs since May 16, which paints a rough idea of how investors view Stellar from an investment standpoint. Regardless of the lack of optimism around XLM price, a decisive 4-hour candlestick close above the range low at $0.274 will signal a resurgence of bullish momentum. In such a case, Stellar bulls might push the remittance token toward the immediate resistance level at $0.286. Following a breach of his supply level, if the buying pressure persists, XLM price might tag $0.303, a swing high set up on June 21. Such a development would allow XLM price to take a jab at breaking the downtrend and kick-start an uptrend. If the buyers manage to set up a swing high above $0.303, it will attract some sidelined investors to jump on the bandwagon, invoking large bid orders. Such a turn of events might hold the key to push the remittance token to $0.352, roughly 28% from the range low.

Rey

2021-06-28 15:02

MercatoBitcoin Price May Be in Peril After Losses Reshape Technical Landscape

prodotti correlati: Forex,Altri,Altri,Altri,Altri,Altri

Analisi di mercato: Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape BITCOIN (BTC/USD) PRICE OUTLOOK: Bitcoin appears vulnerable to further losses after massive losses broke key technical support BTC/USD will look to recoup lost ground and hold above crucial support at $30,000 How to Trade in a Bear Market: A Short Seller’s Guide BITCOIN PRICE MAY BE IN PERIL AFTER LOSSES RESHAPE TECHNICAL LANDSCAPE Bitcoin may be vulnerable to further losses and volatility as risk appetite waned and cryptocurrency sentiment soured throughout the week. Price action has seen BTC/USD crater beneath multiple levels of support as corporations walked back their adoption plans and major exchanges had outages. The series of fundamental headwinds highlight the relatively young state of the cryptocurrency market and the immense volatility that can follow in times of uncertainty. While Bitcoin is no stranger to volatility, months of gains have seen much of that volatility limited to the upside. Crypto bulls faced a rude awakening this week, however, as Bitcoin pierced major support around the $46,750 and $43,000 levels. The rout gained steam with each break beneath support and BTC/USD plummeted to a lifeline at $30,000 before leveling off and retracing higher. BITCOIN (BTC/USD) PRICE CHART: 4 - HOUR TIME FRAME (JANUARY 2021 – MAY 2021)

Rey

2021-05-21 09:49

Partecipa alla discussione
categoria forum

Piattaforma

Esibizione

IB

Reclutamento

EA

Settore

Mercato

indice

Discussione popolari

Settore

Offerta di lavoro Marketing

Settore

Marketing App

Pubblica