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26TH JULY LATEST CRYPTO NEWS DIGITAL MAGAZINE

Tesla is not the only institutional investor which has sold its Bitcoin holdings. According to Vetle Lunde, research analyst at Arcane Research, institutional investors have sold 236,237 Bitcoin since May 10 of this year. While some of the selling was forced, others were not. The selling started with the Luna Foundation Guard dumping more than 80,000 of its Bitcoin reserve to save the peg on stablecoin UST.

That was followed by further selling from the crisis-hit crypto lending firm Celsius and the crypto hedge fund Three Arrows Capital. JPMorgan Chase & Co. said in a recent report that retail demand was increasing in the crypto markets and the “intense phase” of deleveraging may be over. The bank highlighted that "smaller wallets have seen an increase in ether or bitcoin balances since the end of June at the expense of larger holders," CoinDesk reported

Bitcoin broke above the ascending channel and the 50-day simple moving average (SMA) on July 19 but the bulls could not build upon this advantage. The long wick on the July 20 candlestick shows selling above $24,000.

The bears pulled the price back into the channel on July 21 and thwarted attempts by the bulls to resume the recovery on July 22. The buyers made one more attempt to clear the channel on July 24 but failed. This may have tempted short-term traders to book profits. That pulled the price back below the 20-day exponential moving average (EMA) on July 25.

This move suggests that the BTC/ USD pair may spend some more time inside the channel. The flattish 20-day EMA and the relative strength index (RSI) just below the midpoint indicate a balance between supply and demand. If the price slips below the $20,450 to $20,750 support zone, the decline could extend to the support line of the channel. This level is likely to attract strong buying from the bulls. On the upside, the bulls will have to clear the overhead resistance at $24,300 to signal the start of a new up-move. The pair could then climb toward $30,000.

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

Enjoy the issue!

FEATURING IN THIS WEEKS EDITION

– H2O Securities
– WeedoVerse
– Coinhaven
– Artex

– Cardalonia
– Globiance
– AiBook.Art

– Hubble Protocol
– World Mobile Token
– CleanCarbon

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin broke above the ascending channel and the 50-day simple moving average (SMA) on July 19 but the bulls could not build upon this advantage. The long wick on the July 20 candlestick shows selling above $24,000.

The bears pulled the price back into the channel on July 21 and thwarted attempts by the bulls to resume the recovery on July 22. The buyers made one more attempt to clear the channel on July 24 but failed.

This may have tempted short-term traders to book profits. That pulled the price back below the 20-day exponential moving average (EMA) on July 25. This move suggests that the BTC/USD pair may spend some more time inside the channel.  Read more

ETHEREUM – ETH/GBP

We said in our previous analysis that the bears are expected to mount a strong resistance at $1,700 and that is what happened. The bulls made several attempts but could not clear this hurdle in the past week.

The failure to do so may have attracted profit-booking from short-term traders on July 25. Ether has dipped to the 20-day EMA, which is an important level to keep an eye on. Read more

RIPPLE – XRP/GBP

After trading between $0.38 and the 20-day EMA for the past few days, bears pulled XRP below the 50-day SMA on July 25. This suggests that the XRP/USD pair may remain stuck inside the $0.38 to $0.29 range for a few more days.

The flattish moving averages and the RSI just below the midpoint also indicate a range-bound action in the near term. Read more

CARDANO/USD

Cardano broke above the 50-day SMA on July 19 but the bulls could not build upon this strength. The long wick on the July 20 candlestick shows that bears aggressively sold near $0.55.

The bulls brought the dip to the 20-day EMA and again tried to clear the overhead hurdle on July 24 but the bears held their ground. This may have attracted profit-booking by the short-term traders which pulled the price back below the moving averages on July 25. Read more

BINANCE – BNB/GBP

Binance Coin has been trading in an ascending channel for the past few days. The bulls tried to push the price above the resistance line of the channel on July 19 but the bears had other plans. They defended the level and started a move back toward the support line of the channel.

The bulls are likely to defend the support line with vigor. If the price rebounds off the support line, the BNB/USD pair may extend its stay inside the channel for a few more days.

The flattish 20-day EMA and the RSI just below the midpoint indicate a balance between supply and demand. Read more

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

Cardalonia: The Ultimate Metaverse Project Driven By The Community!

One of the biggest technological trends in the world of video games in recent times is the emergence of metaverse gaming. Metaverse gaming is essentially digital gaming that virtually transports players into an immersive 3D world, which is quite similar to something that comes from a sci-fi novel. 

In the past few years, metaverse gaming has evolved from fiction to fact, as major global tech companies and even consumer brands rush to pioneer the virtual world. These developments are making metaverse become a hot topic of discussion, investment and even entrepreneurial activities in different parts of the world.  Read more

Early Birds to Enjoy Coinhaven’s Trading Discounts and Lifetime Legacy Membership

The Coinhaven exchange is hitting full-speed through its roadmap milestones. Our project was in the making for some time, but the wait has been worth it. The recent launch comes with irresistible offers for all crypto enthusiasts out there. 

Early birds, those that sign up as quickly as possible, will enjoy a 60% discount on trading fees for 30 days. Early registration will also provide an opportunity to qualify for lifetime Legacy membership. The membership carries several benefits, including: Read  more

The World’s First Blockchain-Based Solution To Water Scarcity!

Millions of people worldwide lack access to water, one of the essential elements of life. In every sphere of life: social, economic, political, and environmental, water scarcity is a serious problem. To address this issue, H2O Securities comes with innovative solutions through its H2O Water Network.

Earlier this month, H2O Securities received a substantial $150M investment from GEM Digital, a $3.4 billion investment firm based in the Bahamas. As a result of this massive investment, GEM Digital now holds H20N tokens, which will be used to fund water delivery infrastructure in remote areas without sufficient supplies. With the revolutionary H2ON token, H2O Water Securities will solve pressing issues related to water security via blockchain. Based on an announcement by H2O Securities, the token was successfully listed on BitMart and ApeSwap on 7th July. Read more

Artex Token Re-launch: Redefining the Future of Art

Artex isn’t just the world’s first art-oriented blockchain platform. It’s also the only blockchain marketplace for pieces of art. Plans are underway to have the token of the unique platform re-launched by the end of this month.

Artex might not be the new kid on the block, although the Pinksale fair launch will certainly re-introduce the unique service to the world. The company was first launched in May 2021. The primary objective was to provide an environment where photographers, collectors, dealers, galleries, art critics, and investors could connect.  

The platform comprises unique features that enable users to showcase their work, trade, and invest in artwork 24/7. Meanwhile, issues regarding pricing are handled by renowned art experts. As a result, everyone can be sure to obtain value, whether they are selling or buying their pieces. Also, insurance for fine works of art is provided for. Read more