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Investors are still gauging macroeconomic factors, one observer said.

Bitcoin, Ether Coil as Crypto Traders in Limbo After Halving

According to an analysis by Glassnode, cofounders provided insights into Bitcoin‘s (BTC) potential rebound. They indicated a possible surge to $72,000 and highlighted the 50-day Exponential Moving Average (EMA) at $62,000 as a key support level. BTC Strong Support at 50-Day EMA The current 50-day EMA acts as a vital support level for Bitcoin, suggesting The post Glassnode Founders Predicts Bitcoin Climbing Back to $72K Soon appeared first on CoinGape .

Glassnode Founders Predicts Bitcoin Climbing Back to $72K Soon

Chivo, El Salvador’s state-owned Bitcoin wallet, has fallen victim of a cybersecurity breach, according to reports on April 23, 2024. Parts of the wallet’s source code and VPN access credentials were, as a result, published by a team of hackers, CiberInteligenciaSV. This is just another episode of the cyber security challenges facing the Chivo wallet, The post El Salvador Bitcoin Wallet Hit by Cybercriminals, Source Code Leaked appeared first on CoinGape .

El Salvador Bitcoin Wallet Hit by Cybercriminals, Source Code Leaked

As Hong Kong accelerates its drive to list the first batch of spot Bitcoin and Ethereum ETF, China’s top asset managers are currently in the final preparations to kickstart trading by April 30. The launch certainly brings excitement for Asian crypto investors after seeing the success of US spot Bitcoin ETFs that accumulated more than The post Hong Kong’s Spot Bitcoin ETF and Ethereum ETF To Start Trading On April 30 appeared first on CoinGape .

Hong Kong’s Spot Bitcoin ETF and Ethereum ETF To Start Trading On April 30

Ethereum price is holding gains above the $3,120 resistance zone. ETH could soon rally if it clears the $3,280 resistance zone. Ethereum extended its increase above the $3,220 resistance zone. The price is trading above $3,165 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,280 resistance zone. Ethereum Price Aims Higher Ethereum price remained in a positive zone above the $3,000 level, like Bitcoin. ETH extended its increase above the $3,150 and $3,165 resistance levels. It even spiked above the $3,250 resistance. It traded to a new weekly high at $3,263 and recently corrected lower. There was a minor decline below the $3,220 level. Ether dipped below the 50% Fib retracement level of the recent wave from the $3,154 swing low to the $3,263 high. However, the bulls were active above the $3,200 level. The 61.8% Fib retracement level of the recent wave from the $3,154 swing low to the $3,263 high acted as a support. Ethereum is now trading above $3,200 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD. Immediate resistance is near the $3,250 level. The first major resistance is near the $3,280 level. Source: ETHUSD on TradingView.com The next key resistance sits at $3,350, above which the price might gain traction and rise toward the $3,500 level. A close above the $3,500 resistance could send the price toward the $3,550 resistance. If there is a move above the $3,550 resistance, Ethereum could even test the $3,750 resistance. Any more gains could send Ether toward the $3,880 resistance zone in the coming days. Another Drop In ETH? If Ethereum fails to clear the $3,280 resistance, it could start a downside correction. Initial support on the downside is near the $3,200 level. The first major support is near the $3,180 zone and the trend line. The main support is near the $3,120 level. A clear move below the $3,120 support might increase selling pressure and send the price toward $3,030. Any more losses might send the price toward the $2,850 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,120 Major Resistance Level – $3,280

Ethereum Price Holds Support – Why ETH Could Soon Rally 5%

The post Altcoins Rebound as Bitcoin Gains Strength; TerraClassic (LUNA) & Terra (LUNA) Could Rise By 20% Soon appeared first on Coinpedia Fintech News The crypto markets are consolidating again as Bitcoin price failed to sustain above $67,000, displaying some weakness among the bulls. The selling pressure does not appear to have mounted, but without a rise in the buying volume, it may certainly be possible for the star crypto to sustain above the range. Now that the BTC …

Altcoins Rebound as Bitcoin Gains Strength; TerraClassic (LUNA) & Terra (LUNA) Could Rise By 20% Soon

Bitcoin price is attempting a fresh increase from the $60,000 zone against the US Dollar. The price is now trading above $65,000 and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $67,800 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair The post Bitcoin Price Analysis: BTC Restarts Increase And Aims More Gains appeared first on Live Bitcoin News .

Bitcoin Price Analysis: BTC Restarts Increase And Aims More Gains

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,200 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price started a fresh increase above the $65,500 and $66,000 resistance levels. BTC even climbed above the $67,000 level. It traded as high as $67,200 and is currently consolidating gains. There was a minor decline below the $66,500 level, but the price remained stable above the 23.6% Fib retracement level of the upward move from the $64,280 swing low to the $67,200 low. Bitcoin price is still trading above $65,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $64,280 swing low to the $67,200 low. Immediate resistance is near the $67,000 level. The first major resistance could be $67,200. A clear move above the $67,200 resistance might send the price higher. The next resistance now sits at $68,500. If there is a clear move above the $68,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $70,000. Source: BTCUSD on TradingView.com The next major resistance is near the $70,500 zone. Any more gains might send Bitcoin toward the $72,000 resistance zone in the near term. Are Dips Limited In BTC? If Bitcoin fails to rise above the $67,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $66,200 level. The first major support is $66,000 or the trend line. If there is a close below $66,000, the price could start to drop toward $65,400. Any more losses might send the price toward the $64,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,200, followed by $66,000. Major Resistance Levels – $67,000, $67,200, and $68,500.

Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K

PayPal’s Blockchain Research Group has joined Energy Web and DMG Blockchain Solutions to support “sustainable” Bitcoin mining. According to the paper, the collaboration “presents an opportunity to accelerate the clean energy transition” using crypto-economic incentives. Related Reading: Crypto Expert Confirms Rotation Has Begun Post-Bitcoin Halving, Are Investors Moving Away From BTC? PayPal Research On Bitcoin

Green Bitcoin Mining: Paypal Proposes Reward System For “Sustainable” Miners

The highly anticipated Bitcoin halving event is finally complete. The halving, which only happens every four years, historically triggers market volatility, leading investors to search for an alternative that might flourish in the aftermath. One serious contender appeared in all the halving chaos: PawFury ($PAW), the P2E game undergoing massive presale success.

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