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5TH JULY LATEST CRYPTO NEWS DIGITAL MAGAZINE

The first half of 2022 has been brutal for both the cryptocurrency and equity markets. Investors fled risky assets as the United States Federal Reserve commenced aggressive monetary tightening to control surging inflation and that stoked fears of a recession. The S&P 500 plunged 20.6% in the first six months of the year, its worst performance since the first half of 1970. According to Fox Business, Nasdaq recorded its worst-ever performance in the first six months of the year with a drop of 29.5%.

The damage in the crypto markets was even harsher with Bitcoin plunging 56.2% in the second quarter, its sharpest quarterly fall since the 67% fall in the third quarter of 2011. A large part of the losses happened in June when Bitcoin shed 37.3%, its biggest monthly fall since 2011.

In another morale booster to Bitcoin bulls, Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova said in a recent report that Bitcoin could rise to $28,000 by the end of the year. According to the analysts, the crypto markets will be boosted by a strong recovery in the S&P 500 which could rise to its January levels.

Bitcoin plunged below the immediate support at $19,500 but the bulls bought the dip near $18,500. The buyers successfully defended this level from June 30 to July 3 and that started a recovery on July 4. The bulls will attempt to push the price above the 20-day exponential moving average (EMA).

This is an important level to keep an eye on because a break and close above it will suggest that the bears may be losing their grip. The BTC/USD pair could then attempt a rally to the resistance line of the descending channel. A break and close above this level could signal a potential change in trend.

Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then again try to pull the price below $18,500 and challenge the critical support at $17,567.45. If this support cracks, the pair could resume the downtrend. The next support on the downside is $16,000 and then $14,000.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!


FEATURING IN THIS WEEKS EDITION

– Globiance
– DDC
– Age of Zalmoxis
– Faith Tribe

– ZiberBugs
– Brise Paradise
– PlutusFi
– LunaOne

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin plunged below the immediate support at $19,500 but the bulls bought the dip near $18,500. The buyers successfully defended this level from June 30 to July 3 and that started a recovery on July 4.

The bulls will attempt to push the price above the 20-day exponential moving average (EMA). This is an important level to keep an eye on because a break and close above it will suggest that the bears may be losing their grip.

The critical level to watch on the downside is $19,500. If the price rebounds off this level with strength, it will suggest that bulls are attempting to form a higher low. The buyers will then make one more attempt to push the price above the 20-day EMA. Read more

ETHEREUM – ETH/GBP

We had suggested in our previous analysis that $1,040 is the critical support to watch on the downside and that is where the pullback ended. Though the price dipped below the psychological level of $1,000 on June 30, the long tail on the day’s candlestick shows strong buying at lower levels.

Thereafter, the bulls did not allow the price to break below $1,025 and that started a recovery on July 4 which has reached the 20-day EMA. The bears are expected to defend this level aggressively. Read more

RIPPLE – XRP/GBP

We suggested in our previous analysis that XRP may remain stuck between $0.29 and $0.38 and that is how it has been.

The buyers bought the dip to $0.31 and are attempting to start a relief rally. This effort could face a strong resistance at the 20-day EMA. If the price turns down from this level, it will indicate that bears are selling on minor rallies. Read more

CARDANO/USD

Cardano turned down from the 20-day EMA but a positive sign is that the bulls defended the immediate support at $0.43. This suggests that lower levels are attracting buying by the bulls.

Both moving averages are flattening out and the RSI is gradually rising toward the midpoint, indicating that the bears may be losing their grip. Read more

BINANCE – BNB/GBP

Binance Coin turned down from the 20-day EMA on June 28 and dipped below the strong support of $211 but the long tail on the day’s candlestick suggests that the bulls bought the dip aggressively. This implies that the buyers are attempting to form a higher low at $211.

The flattening 20-day EMA and the RSI just below the midpoint indicate that the selling pressure is reducing. Read more

Subscribe to the latest crypto news digital magazine for the latest updates about profit and loss in cryptocurrency.

Brise Paradise: Explore Cryptocurrency with like-minded people!

Invest in blockchain technologies and digital assets such as EOS, Bitcoin, Ripple – which is growing in popularity. Unfortunately, the crypto market is incredibly volatile and may cause you to lose money. Therefore, you will need a proper crypto trading strategy and fundamental and technical analysis knowledge to be a successful crypto trader. You should seek the advice of an experienced professional when dealing with such volatile assets.

Faith Tribe in Partnership with IBC Group and NFT Tech Revolutionising the Fashion Industry into the Metaverse through Fashion DAO

Faith Tribe, in collaboration with IBC Group and NFT Tech, launched Fashion DAO to help established brands and creators embrace the Web 3 fashion space. 

This collaboration in the fashion space seeks to benefit the larger fashion community through the fashion DAO launchpad. The fashion DAO represents a fashion-focused launchpad that will enable brands and creators to make a breakthrough in the Web3 arena.

This launchpad seeks to enable traditional fashion brands to tokenise and join the Web3 space, in order to leverage new opportunities and revenue streams by connecting to a larger market. The Faith Tribe (FTRB) token will act as the launchpad’s native token. Individuals will stake for community participation in upcoming initial decentralised exchange offerings.  Read more

Ziberbug announces it’s Soon to Launch Prototype

Ziberbug is happy to announce that they’re finally working on its prototype. This is a great step for the company as the prototype will reveal to the community how the game will be. The company believes the prototype will help it gain traction when it comes to investors and the follower base. The team managed to get resources and plans to develop the prototype during the summer. The prototype will be playable offline by sharing screens. Since it resembles chess in unit positioning and coordinates, users can play on a stream with people in the chat.

Since it is a prototype, its UI and UX will not be as polished as they will be in the final game. The company plans to make improvements to make it appealing continually. The goal is to give people a taste of what ZiberBugs is and get them hooked.  Read more