23rd March Digital Crypto News Magazine
In this one of the latest digital crypto news magazine, you will get to know all the weekly updates regarding the market. Federal Reserve Chairman Jerome Powell played down Bitcoin during a virtual panel discussion on digital banking hosted by the Bank for International Settlements. Powell said the cryptocurrencies are “highly volatile and therefore not really useful stores of value and they’re not backed by anything.” But Powell did add that cryptocurrencies could be a “substitute for gold.”
SkyBridge Capital founder Anthony Scaramucci recently said in an interview with CNBC that Bitcoin will continue to move up and become less volatile as its adoption increases. Scaramucci said that even after Bitcoin’s massive returns in the past decade, it still could reward investors in the coming years. He gave the example of Amazon, which had rallied 3,600% from its IPO in May 1997 to May 2009. But the investor who purchased the stock in 2009 also ended up with 64x returns from 2009 to 2021
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE AREHOW TO TRADE CRYPTOCURRENCY USING THE QOINIQ PLATFORM?
AUBIT FREEWAY PLATFORM – THE WORLD’S NEXT MAJOR INVESTING &
DAY TRADING CRYPTO MADE SIMPLE – ATANI CRYPTO PLATFORM REVIEW,
CONTENT CREATOR REWARDS EARN MORE FOR CONTENT – CBERRY DEFI
& ZETA HEDGED COIN (ZHC) – A HYBRID CRYPTOCURRENCY STRUCTURE
Bitcoin’s bounce off the 20-day EMA on March 17 fizzled out at £43,125.98 on March 18. This suggests that bears are aggressively defending the all-time high at £44,238.
The failure to make a new all-time high could have attracted profit-booking from short-term traders, which has pulled the price below the 20-day EMA. In an uptrend, when the price breaks below the 20-day EMA, it is a sign that the bullish momentum may be waning.
If the selling continues and the bears sink the price below £38,355, it will complete a bearish descending triangle pattern. This setup has a pattern target at £34,472. If the BTC/GBP pair breaks the 50-day SMA, it will signal a possible trend reversal. You can also read digital crypto news magazine from here.
The flat 20-day EMA and the RSI just above the midpoint also suggest the bulls are losing their grip.
This negative view will invalidate if the price rebounds off £38,355 and the bulls push the pair above the downtrend line of the triangle. Such a move will invalidate the bearish pattern and could result in a retest of the all-time high.
As the bearish divergence on the RSI warrants caution, we suggest traders remain on the sidelines until a new bullish setup forms. Checkout our digital crypto news magazine for the latest updates about profit and loss in cryptocurrency.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Featuring in this weeks Edition
– Zeta Hedged Coin
CRYPTO TRADE OPPORTUNITIES
BITCOIN – BTC/GBP
Bitcoin price GBP bounced off the 20-day EMA on March 17 fizzled out at £43,125.98 on March 18. This suggests that bears are aggressively defending the all-time high at £44,238. The failure to make a new all-time high could have attracted profit-booking from short-term traders, which has pulled the price below the 20-day EMA. Read more
ETHEREUM – ETH/GBP
Ethereum price GBP bulls held on to the 20-day EMA for the most part of last week, but Ether failed to rebound with strength, indicating a lack of follow-up buying at higher levels. The failure to move up could have attracted profit-booking from short-term traders. Read more
RIPPLE – XRP/GBP
Xrp price GBP broke above the £0.355 overhead resistance on March 20, triggering the buy recommendation given in an earlier analysis. Both moving averages are sloping up and the RSI has risen close to the overbought territory, suggesting that the bears are attempting to make a comeback. Read more
CARDANO – LTC/GBP
Cardano price GBP found support at £0.71001 and the bulls started a strong rally on March 16, which pushed the price to £1.06 on March 18, but the bulls could not conquer the all-time high. This resulted in profit-booking, pulling the ADA/GBP below the 20-day EMA.
ADA/GBP could now drop to the critical support at £0.71001. If the price rebounds off this level, it will suggest that the bulls are buying on dips. That could keep the Cardano price GBP range-bound between £0.71001 and £1.07197 for a few more days. Read more
BINANCE – BNB/GBP
BNB price GBP bulls are defending the 20-day EMA while the bears are mounting a stiff resistance at £200. This has resulted in a tight range trading in Binance Coin. The flat 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. Generally, such tight ranges lead to a trending move. Read more
Coinbase Exploring Support for 43 Altcoins After Addition of Crypto Asset Cardano
Crypto exchange Coinbase could be extending support for more digital assets following the addition of Cardano (ADA) on its platform. The San Francisco-based firm added ADA to its coin roster last week. The fourth-largest cryptocurrency by market cap started trading on Coinbase Pro on March 18th, a week after Polygon (MATIC), Skale Network (SKL), and SushiSwap (SUSHI) debuted on the platform Read more
Bitcoin Steadies Near $54K After Biggest Drop in a Month
Bitcoin (BTC) retail investors have picked up the slack amid an apparent decline in institutional inflows so far this quarter, according to a report by JPMorgan strategist Nikolaos Panigirtzoglou. Bitcoin stabilized near $54,000 early Tuesday after posting its worst daily loss in almost a month. Bitcoin (BTC) was trading around $54,680 as of 12:50 UTC (8:50 p.m. ET), after falling late Monday to around $53,715, the lowest since March 16. Read more
Judge’s Comments During SEC Hearing Could Be Favorable for Ripple: Unaffiliated Attorney
ttorney Jeremy Hogan, a partner at Hogan & Hogan legal firm, has pointed out some comments made by the magistrate Judge that may favor Ripple against the U.S. Securities and Exchange Commission (SEC). Hogan observed the judge commenting in a virtual hearing over the SEC’s attempt to obtain personal financial information of Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.
HOW TO TRADE CRYPTOCURRENCY USING THE QOINIQ PLATFORM?
How to trade cryptocurrency is a question many people are asking today with the global digital currency market stood at 754.0 million USD in 2019 and is likely to surpass 1,758.0 million USD by 2027, growing at a CAGR of 11.2 percent. The increased popularity of crypto assets, such as Bitcoin and Ethereum, among other cryptocurrencies, are the primary reasons behind the growth of the crypto market. Also, digital currencies are used in integration with blockchain technology for attaining decentralization, as well as efficient transactions. It is because Blockchain, as a technology, offers fast, decentralized, secure, reliable, and transparent transactions. These benefits of blockchain technology and cryptocurrencies have encouraged organizations like QoinIQ to deliver quality, innovative, and feature-rich cryptocurrency trading platforms. Thus, if you are new to the world of cryptocurrency investing, and would want to find out how to trade cryptocurrency, then read on to discover more about the QoinIQ platform. Read more
AUBIT FREEWAY PLATFORM – THE WORLD’S NEXT MAJOR INVESTING & TRADING PLATFORM
According to some of the world’s prominent financial experts, AuBit Freeway could be the world’s next big investing and trading platform. If you’re an investor, you’ll want to know how the AuBit Freeway platform grows your assets on every trade thanks to their revenue redistribution model called AuBitisation. In traditional finance, when you invest in stocks, bonds, gold, or crypto, you win or lose based on the change in the value of the asset. The gold or Tesla stock you buy either goes up or down in price. With AuBit, however, you earn more gold and more Tesla from ongoing revenue redistributions paid to you in those assets. Read more
DAY TRADING CRYPTO MADE SIMPLE – ATANI CRYPTO PLATFORM REVIEW
Day Trading Crypto had been on the rise these days particularly the recent bull run of BTC which dominated the digital currency market by about 61.1% with market capitalization running into hundreds of billions of dollars. Due to this recent development, if you are day trading crypto you may have been looking for the right solution with the right tools to help mazimize your profits .
Day Trading Crypto is a term that describes the practice of buying and selling instruments at time intervals shorter than a day. Crypto day traders use a combination of strategies and analysis to forecast market movements and generate profits over periods of hours, minutes, or even seconds by trying to take advantage of arbitrage opportunities, price discrepancies, and news-based volatility. Read more
CONTENT CREATOR REWARDS EARN MORE FOR CONTENT – CBERRY DEFI ECOSYSTEM
Is CBerry the new age of content creator rewards?
Social networks are a good way to publicize the contents of a person, brand, company, organization, and or the government.
The large number of users who use social media apps such as Facebook, Instagram, LinkedIn, and a host of others makes it an efficient way of passing a message across to several thousands of audiences at a time. For example, Facebook has over 1 billion users and more than 250 million daily logins. Read more
ZETA HEDGED COIN (ZHC) – A HYBRID CRYPTOCURRENCY STRUCTURE
Zeta Hedged Coin (ZHC) is a revolutionary Blockchain-based Cryptocurrency backed by Gold Mining assets as well as by a combination of ETH and BTC. With the stock markets witnessing an eleven-year bull-run, investors are gradually shifting their attention to Blockchain assets and Direct Mining access-related projects. While Gold reached a peak of US$2,200 / oz recently, the actual leveraged access to Gold Mining derivatives offers investors an outstanding 10X exponential growth alternative. Read more