The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
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Solana price enters correction territory after 80% monthly gains
Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.
SOL price eyes 50% wipeout
SOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."
A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a higher distribution sentiment among SOL traders near the level. Therefore, the latest pullback from the same range could lead to an extended downside retracement.
SOL/USD daily price chart. Source: TradingViewMeanwhile, the bear flag's lower trendline has been capping SOL's sharp pullback moves. As a result, SOL's extended correction scenario could have its price hit the support level, now near $35.40 — a 20% drop from current price levels.
Additionally, a decisive close below the lower trendline would risk triggering the bear flag breakdown setup, wherein the price falls by as much as the height of the downtrend (called "flagpole") that preceded the flag's formation.
Solana price enters correction territory after 80% monthly gains
Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.
SOL price eyes 50% wipeout
SOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."
A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a higher distribution sentiment among SOL traders near the level. Therefore, the latest pullback from the same range could lead to an extended downside retracement.
SOL/USD daily price chart. Source: TradingViewMeanwhile, the bear flag's lower trendline has been capping SOL's sharp pullback moves. As a result, SOL's extended correction scenario could have its price hit the support level, now near $35.40 — a 20% drop from current price levels.
Additionally, a decisive close below the lower trendline would risk triggering the bear flag breakdown setup, wherein the price falls by as much as the height of the downtrend (called "flagpole") that preceded the flag's formation.
Human protocol introduces blockchain coordination layer for data contribution
Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms.
Human protocol introduces new blockchain coordination layer for data contribution
Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms.
Polygon zero-knowledge EVM rollup aims cheaper Web3 transactions
Polygon uses zero-knowledge proof to club multiple transactions into groups before relaying them over to the Ethereum blockchain as a single transaction.
Polygon zero-knowledge EVM rollup aims cheaper Web3 transactions
Polygon uses zero-knowledge proof to club multiple transactions into groups before relaying them over to the Ethereum blockchain as a single transaction.
US senator blasts SEC for non-judicial actions against crypto companies
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations.
Gemini receives virtual asset service provider license in Ireland
New York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.
What are crypto faucets and how do they work?
By completing simple tasks, users can use a crypto faucet to earn modest coin payouts (similar to the minuscule drops of water trickling from a leaky faucet).
What are crypto faucets and how do they work?
By completing simple tasks, users can use a crypto faucet to earn modest coin payouts (similar to the minuscule drops of water trickling from a leaky faucet).
US federal agency issues legal advisory on NFT investments
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate.
Bitcoin holds 5-week high as trader suggests ‘parabolic' bear trend is over
A crypto renaissance sees Bitcoin price challenge major resistance and long-term trendlines in a much-needed show of strength.
Bitcoin holds 5-week high as trader suggests ‘parabolic’ bear trend is over
Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewParabolas violated
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it breached $23,800, its highest level since June 13.
Against expectations, crypto staged a recovery beyond an intra-hour “fake-out” as risk assets benefitted from declining United States dollar strength.
The inverse correlation between the U.S. dollar index (DXY) and Bitcoin remained center stage on the day, with the greenback coming off twenty-year highs at the end of the week prior.
U.S. dollar index (DXY) vs. BTC/USD 1-day candle chart. Source: TradingView“The Dollar is taking a nice hit today from the bears,” popular trader Crypto Tony told Twitter followers as the breakout took shape:
21Shares launches S&P risk controlled Bitcoin and Ether ETPs
Despite crypto markets tanking this year, the Swiss crypto ETP firm 21Shares has seen its new crypto inflows hitting new all-time highs YTD.
21Shares launches S&P risk controlled Bitcoin and Ether ETPs
Despite crypto markets tanking this year, the Swiss crypto ETP firm 21Shares has seen its new crypto inflows hitting new all-time highs YTD.
Lummis-Gillibrand crypto bill likely deferred to next year
Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals.
Bitcoin's longest 'extreme fear' streak finally breaks
After 73 days of "extreme fear" on the Crypto Fear and Greed Index, investors can breathe a very small sigh of relief.
Will Ethereum Merge hopium continue, or is it a bull trap?
ETH has gained 48% over the past week, leaving most of its crypto brethren behind — though it's still risky days ahead given the macroeconomic factors still at play.
Sustainable Bitcoin mining power mix hits 59.5%: BTC Mining Council
The latest Q2 report also details how energy efficiency among Bitcoin miners is on the rise.