BTC price is chasing after $24,000 again, raising the possibility of LDO, EGLD, THETA and KLAY targeting new year-to-date highs.
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THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K
The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.
The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction.
Crypto market data daily view. Source: Coin360During periods of uncertainty, some coins enter a deeper correction while a few buck the trend and continue to outperform. Hence, it becomes important to select the right coins to trade.
A few coins that have witnessed a shallow correction or have bounced sharply off the support have been selected in this list. Let’s see their charts and determine the levels to watch out for.
BTC/USDT
Bitcoin plunged below the 20-day exponential moving average ($23,391) on Feb. 24 but the bears could not build upon this advantage and sustain the price below the strong support at $22,800.
Bitcoin may only need 4 weeks to hit $30K as key monthly close looms
Opinions vary on BTC price strength, with Bloomberg Intelligence warning that $25,000 may stay in place as major resistance.
Bitcoin may only need 4 weeks to hit $30K as key monthly close looms
Bitcoin (BTC) sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price bulls keep faith in $30,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $23,318 on the day, up $600 from its weekend lows.
The latest move marked a modest comeback after a grim week for risk assets which saw United States equities suffer thanks to above-expected inflation data.
Despite that, Bitcoin still remained below levels flagged by analysts as important to reclaim before the end of the month.
Only isolated voices remained optimistic, these including popular trader Kaleo, who maintained that $30,000 remained a BTC price “magnet.”
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FSB, IMF and BIS papers to set global crypto framework, says G20
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.
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Uniswap DAO debate shows devs still struggle to secure cross-chain bridges
Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized.
Uniswap DAO debate shows devs still struggle to secure cross-chain bridges
Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized.
Voyager is selling crypto assets through Coinbase, suggests on-chain data
Since Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain.
FTX Japan allows total withdrawal of funds; users rejoice the 'escape'
Numerous community members have confirmed that all their money has been paid out. However, the FTX investors watching from the rest of the world remain hopeful of a similar outcome.
Colombia’s legal system experiments in the metaverse: Report
Colombia has positioned itself at the forefront of innovative ways to conduct legal proceedings after recently hosting a trial in the metaverse.
How does the U.S. Dollar Index (DXY) impact cryptocurrencies? Watch Macro Markets
Cointelegraph analyst and writer Marcel Pechman explains how the U.S. Dollar Index (DXY) impacts cryptocurrencies.
GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot BTC ETF there would "no longer" be a discount or a premium, amid ongoing legal action against the SEC.
GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot BTC ETF there would "no longer" be a discount or a premium, amid ongoing legal action against the SEC.
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify his bail terms, Bankman-Fried’s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs.
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
Ethereum core developer Tim Beiko announced the blockchain’s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March.
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify his bail terms, Bankman-Fried’s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs.
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
Ethereum core developer Tim Beiko announced the blockchain’s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March.
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify his bail terms, Bankman-Fried’s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs.
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
Ethereum core developer Tim Beiko announced the blockchain’s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March.
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud […]
SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25
Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud […]