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The Total marketcap of the crypto market was rejected from the $2 trillion resistance area. The TOTAL cap is now taking support at $1.75-$1.82 trillion area. TOTAL cap needs to hold this support area otherwise things turn bearish. The next major support is the $1.5 trillion area.
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• Bitcoin’s network growth is highly correlated with its market value. A sustained increase in the number of new daily BTC addresses generally leads to upward price action. Conversely, when the number of new addresses on the network decreases, prices tend to slide.
• Despite the 40% price rebound Bitcoin experienced in the last three weeks, the number of new daily addresses being created remains stagnant at an average of 400,000 per week. The network has yet to expand further to support the continuation of the uptrend and signal the entrance of retail investors.
• Despite the 40% price rebound Bitcoin experienced in the last three weeks, the number of new daily addresses being created remains stagnant at an average of 400,000 per week. The network has yet to expand further to support the continuation of the uptrend and signal the entrance of retail investors.
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Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021 despite the raw value of illicit transaction volume reaching its highest level ever — chainalysis
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World's largest NFT (non-fungible token) marketplace, OpenSea on Sunday confirmed that it has been hit by a phishing attack and at least 32 users had lost their valuable NFTs worth $1.7 million.
OpenSea Co-Founder and CEO, Devin Finzer acknowledged the phishing attack, confirming that 32 users have lost NFTs so far.
He said rumours that this was a $200 million hack are false and the attacker "has $1.7 million of ETH (Ethereum) in his wallet from selling some of the stolen NFTs.
OpenSea Co-Founder and CEO, Devin Finzer acknowledged the phishing attack, confirming that 32 users have lost NFTs so far.
He said rumours that this was a $200 million hack are false and the attacker "has $1.7 million of ETH (Ethereum) in his wallet from selling some of the stolen NFTs.
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Ukraine’s parliament, the Verkhovna Rada, adopted a law on virtual assets on Thursday, referring regulation of the market to the National Securities and Stock Market Commission and the National Bank of Ukraine (NBU).
The law classifies services related to the circulation of virtual assets as financial services and is subject to presidential amendments, Interfax-Ukraine reported.
Ukraine adopted the same law in September 2021, although it was then vetoed by the country’s President who proposed amendments, including the regulation of virtual asset transactions by the country’s stock market regulator.
The law classifies services related to the circulation of virtual assets as financial services and is subject to presidential amendments, Interfax-Ukraine reported.
Ukraine adopted the same law in September 2021, although it was then vetoed by the country’s President who proposed amendments, including the regulation of virtual asset transactions by the country’s stock market regulator.
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#ADA broke below the last major support area. Daily candle close below the zone too which show strong bears. Now, a pullback is expected before an implusive move, you can play both side in trades. Next major support is quite lower but local one is around $0.68 - $0.72.
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ETH was able to hold the $2350 major support and bounced from there. ETH breaks both the resistance of $2500 and $2600 area. ETH is now holding above $2600 which is a good sign. The next major resistance is the $2750-$2760 area and if ETH breaks this level then we see an upward move towards the $3000 area.