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NFT purchase: are NFTs dead? Why the end of the hype?

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According to the Pymnts site, the number of active NFT wallets has also decreased by around 88%, with 14,000 active wallets in the last week of April 2022, compared to 119,000 in November 2021.

Rising interest rates have put a damper on the riskiest bets in the financial markets. And the NFT are highly speculative.

The Nasdaq Composite, which is a heavily tech-focused index, had hit highs in November. However, it has fallen 32% this year, while Bitcoin has fallen 56%.

Investors have had to take more defensive stances as central bank helicopter money policies come to an end, according to the research.

Many NFT owners have discovered that their investments are not doing as well as when they were purchased.

For example, one bidder purchased an animated NFT depicting Snoop Dogg in an astronaut suit (Doggy #4292) which fetched around $32,000. The NFT is currently on the market for $9 million (June 17, 2022). However, when we checked on OpenSea, the highest buyer bid for the NFT was around $1000!

Can the NFT market rebound?

According to an article by Creativebloq, many NFTs are on the brink of bursting a dot.com-like bubble in the late 1990s. However, with new use cases like NFT profile pictures on social networks, NFT are at the end of the episode and at the beginning of a short story.

@sjordan74 I agree with you, I think that minimum, but really minimum 75% of crypto / nft projects will not recover from this bear market because as you said so well, too many projects have only emerged because of the hype that there was at the start of the covid

As was the case with blockchain technology in 2018, the next boom could be one that really sees this technology emerge as something revolutionary, and not just speculative.

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It will take time for bitcoin (BTC) to recover

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Mike Novogratz, the CEO of Galaxy Digital, a financial services company focused on digital assets, harbors doubts about a short-term boom in the price of bitcoin (BTC). According to him, the BTC is not likely to rise above the symbolic bar of 30,000 dollars anytime soon.

Bitcoin Novogratz

In his last interview with Bloomberg, Mike Novogratz shared his views on the prospects for bitcoin’s progress. In fact, he believes that BTC will fluctuate within a limited price range.

“Will bitcoin cross $30,000 on this rally? We’ll see – I doubt it. I think we’re probably going to stay in that range now. Quite frankly, I would be happy if we were in the $20,000, $22,000 or $30,000 range for a while”he said.

The businessman justifies his predictions by the fact that institutional investors have not flocked to the cryptocurrency market lately. In other words, very little capital has been injected into the sector. This would have considerably contributed to turning the tide as was the case in 2017 and 2021. That said, Novogratz is delighted with this situation, which constitutes a gateway for newcomers. But it is also an opportunity for the most opportunistic insiders to accumulate more cryptocurrencies.

Novogratz also gave his opinion on Ethereum and its future development. For this cryptocurrency enthusiast, upgrading the network to The Merge should give this blockchain a big boost. He forecasts the price of ether (ETH) to rise above $2,200.

At the time of writing this article, bitcoin trades around $24,000. Earlier this morning, it crossed the $25,000 mark, its highest level since mid-June. Recall that at that time it had fallen to $17,500, causing panic in the cryptosphere.

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Junie MAFFOCK avatar
Junie MAFFOCK

I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.



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Machankura allows to receive satoshis without internet connection

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Residents of several African countries can now send and receive Bitcoin (BTC) without an internet connection thanks to Machankura. For this, any mobile phone will do, thanks to which it will be possible to configure an address on the Lightning Network with its number.

Send Bitcoin without Internet thanks to Machankura

Thanks to the services developed by Machankuraresidents of certain African countries can receive bitcoin (BTC) without internet connection. This is an important step forward because it fills a fundamental need in parts of the world where Bitcoin has a concrete use case.

Indeed, cryptocurrencies have enabled the advent of fund transfers quickly, with ridiculous fees and everywhere around the world. For Bitcoin, this is further illustrated in the Lightning Network. However, this condition was only valid for persons with an internet connectionat least until now.

Thus Machankura allows this in the following countries:

  • Ghana;
  • Kenya;
  • Malawi;
  • Namibia;
  • Nigeria;
  • South Africa ;
  • Uganda.

Of course, the service is still young and it will tend to cover more countries as it develops.

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USSD technology at the service of democratization

The idea of ​​spending or receive bitcoin without internet connection thanks to Machankura may look blurry. However, this relies on technology that has been around for many years already: I’Unstructured Supplementary Service Data (USSD).

Maybe some people remember when mobile credit wasn’t unlimited and typing “#123#» on his cell phone allowed to know the state of his consumption. This instruction is a USSD code. Each USSD code is created so that when entered, our phone will perform a well-defined action.

Thus, the following USSD codes allow users in relevant countries to configure an address on the Lighting Networkwhich will be linked to their phone number:

Machankura USSD Codes

USSD code list to access Manchankura services

Technically speaking, it is therefore not even necessary to own a smartphone to use these features, any phone will do.

Let’s take the example of a person who left his country to have a better income in order to help his family back home. If the recipients do not have an Internet connection, the use of Machankura will be all suitableif the receiving address has been configured using the USSD code:

Send Bitcoin Machankura

Send Bitcoin using Machankura

A sender can thus send satoshis on the telephone number of his choice. If this solution unfortunately does not yet have real educational content to be able to take it easily in hand, there is no doubt that it remains promising. While access to the Web is not acquired on the whole surface of the globe, such initiatives bring real added value to people, for whom cryptocurrencies are much more than an investment vehicle.

👉 To go further – Bitcoin: Can Cryptocurrency Work Without the Internet?

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NFTs to shine the authenticity of diamonds

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A diamond producer and an NFT specialist have joined forces in a common project: using blockchain to improve the traceability of diamonds. The technology put in place will offer more transparency. A good additional selling point.

In the diamond industry, the problem of authentication is probably one of the most complex challenges. Faced with this eternal problem, blockchain technology could well be a game-changer. At least that’s what Sésé Bomboko hopes. Based in Antwerp, this entrepreneur is the owner of Minico, an extraction mine located in the province of Kasai Occidental, in the Democratic Republic of Congo. In collaboration with Harold Kinet, the co-founder of Be Blockchain, they developed Elikia Diamond, a new certification system.

Concretely, they have set up a digital labeling of the stones that come out of the mine, using the famous decentralized technology. “It is a question of recording in the form of NFT all the possible certifications: the one containing the characteristics of the stone, the Kimberley certificate (the international authentication necessary for the import and export of diamonds, editor’s note) and the extraction permit linked to our mine”, explains Sésé Bomboko. This digital label is then attached to the stones via a serial number, engraved on each of them.. With this NFT with triple labeling, it is therefore possible to know the complete history of the stone, and thus offer the best possible follow-up.



“Our approach consists of promoting the most complete traceability possible. We consider that this type of information could become a selling point.”

Sese Bomboko

Owner of the Minico mine in the Democratic Republic of Congo

With such promises, it is not really a surprise to see other initiatives of this kind multiplying in the sector. “However, we are the first to include our mine’s operating certificate. The other initiatives come from resellers,” explains the mine manager. “Their objective is different. In their case, it is above all a question of controlling the presence of counterfeits on the market. Our approach is to promote the most complete traceability possible. We need transparency in the middle, but the exact origin of the stones is still often a taboo subject. We consider, on the contrary, that this kind of information could become a selling point”, explains the boss. “Ultimately, we could imagine an even more advanced storytelling by identifying for example where exactly the diamond was extracted in the mine , by which worker…”, illustrates Harold Kinet, who put the skills of his company to work to develop the model.

presale system

Better traceability is not, however, the only element that prompted Sésé Bomboko to enter the field of NFTs. He also wants use technology as a new pre-sales channel. Now, customers place orders for future production via these NFTs. “At first, each NFT is only composed of the mine’s extraction certificate, as the stone has not yet come out”, specifies Sésé Bomoko.

The system will thus allow the entrepreneur to have his cash in advance and thus embark on major investments to renovate his mine and rethink its operation. A total of 2,520 NFTs (each associated with a diamond between 1 and 5 carats) are put up for sale. “This represents a good part of our production, around 9 million euros. Once the stone has been extracted, it is engraved and the other certificates are integrated into the NFT.”



“We see a real enthusiasm from the community to support transparency projects.”

Harold Kinett

Founder of Be Blockchain

The idea seems pretty well thought out. On the other hand, it has the serious disadvantage of still requiring a lot of information to be clearly understood. Not enough to discourage the potential customer, believe the project leaders. “We are actually thinking about the best way to communicate in order to make the subject as accessible as possible”, recognizes Harold Kinet. “We are also considering how facilitate the purchase by going directly through euros and not cryptocurrencies which could still cool”, he slips. If the sales only begin, some famous names are however already convinced. The two carriers of the project can thus count on the support of the humorist Kody and the star of pop Mohombi.” The latter contacted us spontaneously. We see a real enthusiasm from the community to support transparency projects”, explains Harold Kinet.

For now, the project is limited to the Minico mine. However, the initiative could then be extended. “We could offer it for other diamonds, but each time by working with the extraction mines in order to keep all the traceability”, explains Harold Kinet. “We could also not limit ourselves to diamonds and apply this system to all rare resources.”

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The Treasury raises 1.5 billion dinars in BTC in 10 days

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By Moez Hadidane

As the date of August 11, 2022 approaches, the repayment deadline for the BTA 5.6% August 11, 2022 line of an outstanding amount of 894.8 million dinars, the Treasury called on creditors to exchange this line for treasury bonds maturing in December 2028, November 2030 and March 2030.

However, the auction was declared unsuccessful. The Treasury had to repay this installment in full in cash for an amount of 945 million dinars, including 50 million dinars in interest.

This is the third exchange auction of the year and the second in a row to be declared unsuccessful. In addition to these 945 million dinars, the treasury needed to reimburse a line of BTC which matures on August 3, 2022 for an amount of 651 million dinars.

To honor these two commitments for a cumulative amount of 1,596 million dinars, the Treasury once again calls on short-term debt by raising successively:

  • On August 3, 2022: 700.2 million dinars per issue of BTC 13 weeks 02/11/2022 at the monetary rate of 7.20% (equivalent to 7.502% in actuarial terms)
  • August 9, 2022: 80 million dinars per issue of BTC 52 weeks 08/08/2023 at the monetary rate of 7.75% (equivalent to 7.858% in actuarial terms)
  • August 12, 2022: 700 million dinars per issue of BTC 52 weeks 08/25/2023 at the monetary rate of 7.75% (equivalent 7.746% in actuarial)

In total, a lifting in BTC of 1,480 million dinars, with a weighted average maturity of 34 weeks. In addition, the treasury will have to face a reimbursement of 180 million dinars on August 16, 2022 following the expiry of the BTC 26-week line 08/16/2022, issued on February 15, 2022.

Beyond August 16, 2022, the Treasury will have to repay by the end of the year 2,402 million dinars, all BTC. In 2023, the Treasury will have to repay, all other things being equal, an amount of 5,851 million dinars, including 3,016 million dinars in BTC and 2,835 million dinars in BTA.

The massive recourse of the Treasury to Short-term Treasury Bonds, in a context of withdrawal of banks from longer-term bonds, resulted in a sharp increase in the outstanding amount of BTC.

Indeed, the outstanding amount of BTCs, which crossed the 5 billion dinar mark for the first time on August 12, 2022, and now represents 22.3% of the total outstanding amount of State securities ( Treasury bonds and national borrowing).

This rate was 14.5% as of December 31, 2021, 13.8% as of December 31, 2020, 3.1% as of December 31, 2019 and 0.4% as of December 31, 2018.

Published on 08/15/22 09:30

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Bitcoin Price Prediction: BTC Selling Frenzy May Damn Upside

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Bitcoin (BTC) news as of 08/15/2022

Data from graphics from CryptoQuant show that the reserves of Bitcoin miners have been falling for the past few days. Usually, this reflects a desire to sell Bitcoin holders.

Bitcoin Price Prediction: Why These Experts Believe [à tort] that BTC will reach $10,000?

It’s an understandable decision, as Bitcoin recorded its best month since the start of the year in July, rising 19%.

Weekly #Bitcoin Highlights (2022.08.12) “Flow analysis shows that the market cycle is still far from starting a new trend.” Read More👇
https://t.co/NPBx8wFtz8

However, this selling frenzy from miners may dampen this latest rally and drive the coin’s value down, at least in the short term. Sunday, August 14, the BTC is trading at $24,305 at the time of writing.

Medium Term Bitcoin (BTC) Price Prediction

Between $30,000 and $20,000, you buy Bitcoin at a relatively low price. The price of $20,000 would be an important support if Bitcoin drops to this level. The coin can rally $50,000 in the medium term.

Long Term Bitcoin (BTC) Price Prediction

The most common predictions among big Bitcoin investors are $100,000, $250,000, and $1 million. There is therefore no doubt that Bitcoin has a promising future. Potential regulation in the United States is welcome among large investors.

Bitcoin Project Reviews

Bitcoin will maintain its domination. This is demonstrated during market declines. Investors are buying Bitcoin at the expense of more volatile altcoins. Thus, the declines of Bitcoin are relatively moderate compared to those of altcoins.

What affects the value of Bitcoin (BTC)?

  • The halving: high probability of a rise
  • Cryptocurrency Regulation Rumors
  • Crypto adoption by a major payment company

What is Bitcoin (BTC)?

Bitcoin is the first cryptocurrency to be released and the first use case for blockchain technology. It can be used to purchase goods and services from merchants who accept it as payment. The holders of Bitcoin (BTC) can buy goods and send funds in BTC through a dedicated wallet without a central authority or bank acting as an intermediary.

Read also Bitcoin Price Prediction: Here’s Why BTC’s Value Could Hit $100,000 Within Just One Year!

Bitcoin is the most well-known virtual currency today, and its value has risen exponentially since its inception in 2009. Bitcoin developer Satoshi Nakamoto has stated that Bitcoin’s goal is to be a system of electronic payment based on cryptographic evidence rather than on the trust of a financial or state authority.

Worth next to nothing in 2009, Bitcoin has grown in popularity over the span of a decade. El Salvador actually has a legal tender currency and several online payment players have integrated it into their systems under the pressure of demand.

How does Bitcoin work?

Bitcoin was created with the idea of ​​a distributed digital ledger called blockchain. Blockchain is a form of public ledger, which is a digital system for simultaneously recording transactions and related data in many servers at once.

This decentralized aspect was revolutionary and it will be a standard in the future for data storage that does not require the trust of a central player such as GAFAM or banks.

Useful links for investing in Bitcoin (BTC)

💎 Receive your Free Crypto Watch

The “Quickly Done, Well Done” crypto watch: Every Friday at 8 p.m. sharp, receive our free crypto watch in your email inbox. 100% added value, 0% spam!

🔥 Receive as a Bonus your Free Guide “Find the future Nuggets”: Learn how to analyze cryptos like a pro, avoiding Red Flags and Scams, to start or continue your Adventure in the world of cryptocurrency.



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For its 30th birthday, T’choupi is launching a collection of NFTs

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The famous children’s magazine founded in 1992 has just launched a collection of NFTs. 2022 NFT are on sale on the French platform Kalart.

T’choupi takes a step into the metaverse. On the occasion of the 30th anniversary of the children’s magazine, its creator Thierry Courtin has created a series of NFTs “from his original illustrations”.

NFTs are for sale on the French platform of NFT Kalart which allows you to buy and sell NFTs without cryptocurrency…with the aim of democratizing this type of investment. The Kalart platform notably uses the Polygon blockchain to carry out NFT transactions, which remains less energy-intensive than the Ethereum blockchain, mainly used in this area.

As a reminder, an NFT (“Non Fungible Token”) is a digital title, issued by a blockchain (mainly Ethereum), and associated with a digital asset (photo, video, etc.). Each NFT is unique and cannot be reproduced. NFTs are used in art, the luxury sector or for trading cards in sports.

The Kalart platform announced the news on Wednesday on its Twitter account.

2022 NFT on sale

More specifically, 1992 NFT are put on sale before September 30 at a price of 250 euros, “each offering its first purchaser the possibility of receiving, in 2022, the reproduction of an unpublished graphic work created especially for the project by Thierry Courtin ” can we read on the Kalart platform.

Similarly, 30 “premium” NFTs are on sale at a price of 1,000 euros “each offering its first purchaser the possibility of receiving, in 2022, the reproduction of an unpublished graphic work by Thierry Courtin created especially for the project and numbered, signed by the hand of the author, dedicated and framed”.

“Thierry Courtin outlines, through this project, T’choupi’s adventure in the Metaverse, with the ambition of inviting the lucky buyers of NFTs to celebrate T’choupi’s birthday there… if the objective of 2022 sales has been achieved!”, emphasizes Kalart.

At the time of writing this paper, only about thirty NFTs at 250 euros have been sold.

2022, loss of speed for NFTs?

The year 2021 will have marked an explosion in the sale of these assets, with an amount of transactions of 17.6 billion dollars of so-called “qualified” NFTs (which correspond to transactions that are qualified or verified according to NonFongible.com), making the fortune of many investors, even becoming the retirement or pre-retirement kitty of confirmed rap stars, in particular Ice Cube and Snoop Dogg.

But the year 2022 faces a loss of momentum of this trend. For example, during the week of May 23, NonFongible.com reports the lowest figures for the NFT market for the year 2022, with 165 million dollars traded and a sale volume which drops to 175,000 transactions.

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Bitcoin Price Prediction: BTC Selling Frenzy May Damn Upside

0

[ad_1]

Bitcoin (BTC) news as of 08/15/2022

Data from graphics from CryptoQuant show that the reserves of Bitcoin miners have been falling for the past few days. Usually, this reflects a desire to sell Bitcoin holders.

Bitcoin Price Prediction: Why These Experts Believe [à tort] that BTC will reach $10,000?

It’s an understandable decision, as Bitcoin recorded its best month since the start of the year in July, rising 19%.

Weekly #Bitcoin Highlights (2022.08.12) “Flow analysis shows that the market cycle is still far from starting a new trend.” Read More👇
https://t.co/NPBx8wFtz8

However, this selling frenzy from miners may dampen this latest rally and drive the coin’s value down, at least in the short term. Sunday, August 14, the BTC is trading at $24,305 at the time of writing.

Medium Term Bitcoin (BTC) Price Prediction

Between $30,000 and $20,000, you buy Bitcoin at a relatively low price. The price of $20,000 would be an important support if Bitcoin drops to this level. The coin can rally $50,000 in the medium term.

Long Term Bitcoin (BTC) Price Prediction

The most common predictions among big Bitcoin investors are $100,000, $250,000, and $1 million. There is therefore no doubt that Bitcoin has a promising future. Potential regulation in the United States is welcome among large investors.

Bitcoin Project Reviews

Bitcoin will maintain its domination. This is demonstrated during market declines. Investors are buying Bitcoin at the expense of more volatile altcoins. Thus, the declines of Bitcoin are relatively moderate compared to those of altcoins.

What affects the value of Bitcoin (BTC)?

  • The halving: high probability of a rise
  • Cryptocurrency Regulation Rumors
  • Crypto adoption by a major payment company

What is Bitcoin (BTC)?

Bitcoin is the first cryptocurrency to be released and the first use case for blockchain technology. It can be used to purchase goods and services from merchants who accept it as payment. The holders of Bitcoin (BTC) can buy goods and send funds in BTC through a dedicated wallet without a central authority or bank acting as an intermediary.

Read also Be careful, do not take this risk! Here’s why it’s imperative to diversify your crypto portfolio

Bitcoin is the most well-known virtual currency today, and its value has risen exponentially since its inception in 2009. Bitcoin developer Satoshi Nakamoto has stated that Bitcoin’s goal is to be a system of electronic payment based on cryptographic evidence rather than on the trust of a financial or state authority.

Worth next to nothing in 2009, Bitcoin has grown in popularity over the span of a decade. El Salvador actually has a legal tender currency and several online payment players have integrated it into their systems under the pressure of demand.

How does Bitcoin work?

Bitcoin was created with the idea of ​​a distributed digital ledger called blockchain. Blockchain is a form of public ledger, which is a digital system for simultaneously recording transactions and related data in many servers at once.

This decentralized aspect was revolutionary and it will be a standard in the future for data storage that does not require the trust of a central player such as GAFAM or banks.

Useful links for investing in Bitcoin (BTC)

💎 Receive your Free Crypto Watch

The “Quickly Done, Well Done” crypto watch: Every Friday at 8 p.m. sharp, receive our free crypto watch in your email inbox. 100% added value, 0% spam!

🔥 Receive as a Bonus your Free Guide “Find the future Nuggets”: Learn how to analyze cryptos like a pro, avoiding Red Flags and Scams, to start or continue your Adventure in the world of cryptocurrency.



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in turmoil, startups are trying everything for everything

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After an impressive year-end 2021 and first quarter 2022, we are witnessing a slight decline in the NFT market. This is reflected in emblematic cases such as the assets of the Bored Ape Yacht Club, the value of which has fallen significantly in recent times. Another example: the NFT of Jack Dorsey’s first tweet had sold for $2.9 million, while its buyer was only able to withdraw $6,800 recently.

Objective: to keep the flame alive around NFTs

It is in this gloomy context that an essential profession is developing at the very heart of the Web3 industry. The Guardian thus evokes these “chief vibes officer” or “direcror of vibes”, which can be translated as responsible for the vibrations. Clearly, it is for the latter to maintain the flame around NFTs and to encourage newcomers to invest.

Our colleagues cite the case of the NFT Fractional startup, which was one of the first to create this type of position. He is described as a kind of mix of skills between influencer and community manager.

The British daily also mention the example of the special concerts organized for holders of the NFT Bored Ape with renowned artists such as Lil Baby, Timbaland, and Haim. Objective: to have a good time and also to avoid thinking too much about the collapse of values ​​in this extremely volatile market.

Some speakers quoted by The Guardian attack these initiatives quite harshly, like Molly White, a software engineer who explains: ” Many of these projects clearly need a constant influx of new morons to support the prices of these tokens or NFTs or whatever else the project is centered around “.

This version is contradicted by the “director of vibes” of Tally Labs, Jerome, who however recognizes that there is a lot of artificial marketing around certain companies. But the latter sees further and dreams of seeing the establishment ” of a fictional universe around Bored Apes, including a novel featuring over 4,000 digital apes, co-authored by The Game author Neil Straus “. The idea is ultimately to embark up to 3 billion people in this pharaonic project.

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Consolidation for Bitcoin (BTC) and Ethereum (ETH), strong growth for SHIB

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After breaking above the $24,500 area and testing the $25,000 threshold, Bitcoin price is attempting to hold around the $24,200 support area. It is currently in the consolidation phase and fluctuates between 24,000 and 24,200 USD.

On the other hand, most major altcoins are showing positive signs. ETH could not hold above $2,000 and also appears to be entering a consolidation phase. XRP might attempt an upside break above $0.388. ADA might approach the resistance at $0.60.

Total market capitalization

Source: tradingview.com

bitcoin price

After a clear break above the USD 24,200 level, the price of Bitcoin extended its rise. It broke through the $24,500 resistance zone and finally tested the $25,000 resistance zone. The price, however, encountered resistance near the $25,400 level and started a fresh decline. If the upward path continues, the next resistance is near the $25,850 level, above which the price could test $26,000.

On the downside, immediate support is seen at $24,650. The next major support is near the $24,500 area, below which the price may begin a downward correction.

Ethereum price

The price of ETH accelerated past the $1,950 level. ETH even managed to break past the $2,000 resistance to move further into a positive zone. On the upside, immediate resistance is seen near the $2,040 level. The next key resistance is seen near the $2080 level, above which the price may be able to test the $2120 resistance zone.

On the downside, initial support is seen near the $1,950 level. The next major support is near the $1,920 area, below which the price could drop sharply.

Prices of ADA, BNB, SOL, DOGE, and XRP

Cardano (ADA) managed to break above the resistance of $0.55. It is consolidating near the $0.575 level. If there is a downward correction, the price might fall towards the $0.55 level.

BNB’s advance appears to be stuck below the USD 325 level. BNB is currently consolidating around the USD 318 area and may need to retest the USD 325 threshold, above which the price may begin to rise regularly.

Solana (SOL) broke above the $45.50 resistance zone but failed to clear the $48 resistance. The price is currently around the USD 44 area. If the bulls gain strength, the price might rise towards the $50 level.

DOGE rallied over 8% and broke above the $0.080 resistance. However, the price was unable to break through the resistance near the $0.0820 level and started a further decline towards the $0.0077 area.

XRP price attempted to break above the resistance of $0.388 but failed. It is now consolidating and might attempt a further move towards the $0.40 level.

The situation of other altcoins in the market today

A few altcoins are showing positive signs, including SHIB, LEO, MANA, SAND, CEL, WAVES, GMT, GALA, and HOT. Conversely, SHIB rallied over 30% and broke above the resistance of $0.0000165.

Overall, Bitcoin price is consolidating near the $25,000 area. If it fails to maintain its upward trajectory, the price might drop back towards the $24,200 resistance zone.
_____

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