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Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support

March 5, 2022 Jordan Finneseth

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR. Following January’s market sell-off, where Bitcoin (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum. Price performance of L1 tokens since Jan. 24. Source: Delphi Digital According to data from Delphi Digital, since the BTC bottom on Jan. 24, the only L1 to experience a notable gain in price include Terra (LUNA), Avalanche (AVAX) and…

Bitcoin loses $40K as BTC price support levels give way to 1-week lows

March 5, 2022 William Suberg

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various price points above $40,000 would be sufficient to steady the market after its latest run to $45,200. In the event, however, bids failed to preserve the trend, sending…

Bitcoin Extends Pullback Toward $37K-$40K Support Zone

March 4, 2022 Damanick Dantes

Bitcoin (BTC) continues to decline from key resistance levels, indicating a loss of short-term momentum. Support around $37K-$40K remains intact, which could stabilize the down move. On the weekly chart, conditions are still neutral, benefitting short-term trades. Author: Damanick Dantes Source link

Russian national will use sales of her burning passport NFT to support Ukraine

March 4, 2022 Turner Wright

Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness and funds related to the military conflict in Ukraine. Speaking to Cointelegraph on Friday, Allen described herself as “a child of new Russia” and said the country would always be a part of her identity, but she had chosen to cut ties with it based on its recent actions in the Ukraine. Standing in front of the Consulate General…

New York Bitcoin mining moratorium bill garners more support

March 3, 2022 Brian Newar

A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members. Members Amy Paulin and Ken Zebrowski have thrown their names in along with 43 other cosponsors for bill A7389B. In addition to the three-year suspension of mining at former fossil fuel power plants, the bill would require the New York State Department of Environmental Conservation (NYSDEC) to assess the state’s crypto mining industry. The assessment would determine the impact on water and air quality and…

Bitcoin Takes a Breather; Support at $37K-$40K

March 3, 2022 Anthony B

Bitcoin (BTC) extended its pullback, although nearby support at $40K could stabilize the down move. Stronger support is seen at the $37K breakout level, which buyers will need to maintain in order to sustain the price recovery. Author: Damanick Dantes Source link

Bitcoin heads for $42K support as stocks pullback nudges BTC price lower

March 3, 2022 William Suberg

Bitcoin (BTC) broke through $43,000 after the March 3 Wall Street open with U.S. equities trending down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, Bitcoin slide lower on the open Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it stayed within a narrow intraday range Thursday. $43,000 had held as support overnight, nonetheless seeing multiple tests as traders eyed a potential bounce zone around $1,000 lower. #BTC take out the previous swing low, lining up nicely with the green box pic.twitter.com/rplkQ0rhIS — Crypto_Ed_NL *not asking to send DM’s*…

Anti-war Russians start donating crypto to support Ukraine

March 3, 2022 Helen Partz

While the West is growing increasingly concerned over Russia’s potential use of cryptocurrencies to evade sanctions, some Russians are using their Bitcoin (BTC) to help Ukrainian people. Pavel Muntyan, a renowned Russian animation producer and creator of the animated web series “Mr. Freeman,” has called on anti-war Russians to support Ukrainian citizens amid Russia’s ongoing military attack on the country. Muntyan took to Twitter on Tuesday to announce the opening of a cryptocurrency donation address for Russians who want to support Ukrainian people anonymously as Russia has banned its citizens…

Bitcoin Fades From Resistance; Support at $40K

March 2, 2022 Anthony B

Bitcoin (BTC) struggled to break above the $44K resistance level, although lower support at $40K could stabilize the current pullback. Stronger resistance is seen at $46K, although downside momentum could continue into the Asia trading day. Author: Damanick Dantes Source link

BTC price now has support above $40K as data shows Bitcoin ‘redistribution event’

March 2, 2022 William Suberg

Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels. In an update to Telegram subscribers on March 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD. Trader focuses on levels above $40,000 After surprising the market with a breakout Monday, Bitcoin has risen to challenge February highs. While so far not beating them, investors and traders have reacted extremely positively to the news, and sentiment gauges show a swift transformation taking…