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Cryptocurrencies trading signals

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Factors Increasing Pressure on the Crypto Market
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Factors Increasing Pressure on the Crypto Market Yesterday's attempt by Bitcoin to rise from the level of $22,250 and overcome the resistances of $22,800 and $23,000 was beyond its strength. Active bears lowered the price to $20,293 (the weighted average price of the spot market according to CoinMarketCap data). Since June 17, the price has started an upward correction, thanks to the support of buyers in the zone 20 200 – 20 000 US dollars.Analysts see the nearest resistance to the upward movement of Bitcoin near the level of $20,850 and the nearest stronger resistance at the level of $21,550.At the moment, there is still a risk of price reduction to the level of $18,800.Cryptozima has absorbed 24 percent of the total capitalization of the cryptocurrency market in the last week alone. Bitcoin has fallen in price by 35 percent during this time.According to the information provided by CoinGecko on the CoinGoLive database, 72 of the top 100 cryptocurrencies by capitalization have lost about 90 percent of the market price relative to their historical highs. Bitcoin has declined in price relative to its November ATH by 70.3 percent, Ethereum (ETH) has dropped from a historic high ($4,878) by 78 percent.The difficult state of the cryptocurrency market, which lost $1.5 trillion in 2022, is aggravated by the identification of the insolvency of companies that are engaged in banking in a DeFi/CeFi bundle, offering customers high returns in cryptocurrency.The crypto market, which received severe consequences in May after the collapse of the Terra ecosystem and the irrevocable withdrawal from the market of its algorithmic stablecoin TerraUSD (UST) with a total loss of $ 50 million, lives in anticipation of new bankruptcies of cryptocurrency companies.A few days ago, in the DeFi ecosystem, the staking and lending platform for cryptocurrencies, Celsius Network, (which offers clients a yield of 18 percent on deposits), without explanation, brought wBTC, Ethereum (ETH) and other crypto assets worth more than a quarter of a billion dollars to the FTX exchange, and also suspended users' access to their funds for withdrawal. The opaque actions of Celsius and the withdrawal of almost half of its assets from the platform by its clients since October 2021 lead service users to think about problems related to insolvency.At the same time, the Singapore hedge fund Three Arrows Capital (3AC), which did not satisfy margin requirements, suffered liquidation on the exchanges in the amount of at least $400 million. According to media reports, the company may also have a $183 million debt against a $235 million collateral position in the staking Ether.As he writes Cointelegraph.com , DeFi has a significant amount of Celsius funds blocked on various platforms, including Aave, and 3AC is a major borrower. If the hedge fund becomes insolvent, its economic risks will infect partners and spread throughout the ecosystem of decentralized finance, which will affect the entire crypto ...
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Bitcoin is approaching important marks. His fate will be decided one of these days
Bitcoin/USD, cryptocurrency, Bitcoin is approaching important marks. His fate will be decided one of these days Cryptocurrencies are going through hard times today: this year most of them have fallen by 50-80%. Right now, bitcoin is approaching psychologically important support levels, the penetration of which may lead to a further decline in the crypto market.What is the psychological level in investments?The cryptocurrency market is a favorite place of technical analysts. And the basis of technical analysis is an assessment of investor sentiment, or "crowd".Psychological support/resistance levels are those at which the quotes stopped their growth/fall earlier. Traders, as a rule, often use them as a target for open positions or for placing stop orders. Moving averages are often used as such levels. Their penetration may become a new impetus for the market movement.What is the Bitcoin exchange rate in June 2022?The main cryptocurrency today has just approached two key psychological support levels, the penetration of which may mean a new round of panic in the markets and mass sales.The first level is $20,000, because traders like round numbers as key support/resistance levels. If the quotes fall below, a serious drop in bitcoin and the entire crypto market may continue.But there is an even more important level, according to crypto trading veterans. This is the peak of 2017 — $19,511. This is the price that became the peak for bitcoin in the previous growth cycle.As Arcane Research notes, bitcoin has never fallen below the peak of the previous growth cycle. After breaking through this level, leverage may decrease, and holders will panic to close positions in order to avoid large losses.Well, the cherry on the cake can be a confident consolidation of bitcoin below the 200-day exponential moving average, which will indicate the strength of bears in this ...
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The cryptocurrency market reacted to the alleged decisive actions of the Fed
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, The cryptocurrency market reacted to the alleged decisive actions of the Fed The consumer price data published last Friday, which confirmed the shock inflation in the United States, affected investor sentiment regarding risky assets.Instead of the expected decline in the consumer price index, consumer prices rose by 8.6 percent year-on-year and reached the highest in the last 40 years.Since this week the Fed is due to publish information about the increase in key rates in the US economy as a whole, crypto investors, expecting aggressive actions by the central bank to tame inflation, decided to play ahead of the curve and reduced their confidence in the cryptocurrency.As a result, over the weekend, with low liquidity at auction, the cryptocurrency market began to rapidly sink, reducing the total capitalization to the level of December 2020.And although not all analysts are confident in the growing bearish mood in the crypto market, Bitcoin has already lost more than 13 percent of its value in a day and continues to decline.The main altcoin, Ethereum, sank by 17 percent during the day, breaking out of a long consolidation zone, and continues to roll downhill, passing the level of $1206. The depreciation of other altcoins is even more significant. It is possible that soon we will be able to observe a collapse similar to the Terra project.The crypto market continues to positively correlate with the falling stock market.Technical analysis states the appearance of a descending price channel and inclines to a bearish forecast. If buyers at the level of $ 23,897 do not provide firm support for Bitcoin, the price of the cryptocurrency may drop to $ 20,000 in the near ...
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A short-term surge in the Bitcoin price or the beginning of a bullish growth
Bitcoin/USD, cryptocurrency, A short-term surge in the Bitcoin price or the beginning of a bullish growth The bullish momentum that pushed Bitcoin's closing on Sunday $450 higher than the previous weekend finally halted the decline in the price of the cryptocurrency for nine consecutive weeks and closed the first "green" week.But while many are rejoicing at the recovery of Bitcoin, which has exceeded the price level of $31,400, Bitcoin holders, judging by the order books on the exchanges, are waiting for the stated price for sales to say goodbye to their hodlings. Only on the Binance exchange at the level of about 32 thousand dollars, a $60 million liquidity sale was announced.In difficult macroeconomic conditions, when global trade and economic ties are collapsing in the fire of the Russian-Ukrainian war, undermining the entire world economic system, the ranks of investors working with risky assets are increasingly thinning.Inflation in the US, which has reached a 40-year high, continues to impoverish the population. The release of the consumer price index in the US this week is likely to traditionally cause volatility in all markets, including outside the US.The reduction of the Fed's balance sheet, announced on June 1, entails the withdrawal of liquidity from the markets, which will affect both stock and cryptocurrency markets. The era of "easy money" poured into circulation under the influence of Covid 19 is coming to an end.Recently, Bitcoin network researchers have noted the capitulation of long-term cryptocurrency holders, but this did not concern miners. However, the miners' safety margin seems to be running out too. The surrender of miners will necessarily affect the speed and security of the Bitcoin network and will be a lowering factor for the price.At the same time, the structure of cryptocurrency holders, as noted by the research company Santiment, is changing in favor of mega-whales, which have more than 1,000 BTC on their balance.Against the background of all external conditions, technical analysts see potential resistance to the bullish impulse at the level of 34 thousand dollars, which Bitcoin is unlikely to overcome. In addition, large pools of sellers are concentrated in the range of 36 - 40 thousand dollars. So this week's takeoff for the cryptocurrency may be short.In fact, the world is moving towards an uncertain future. During this race, powerful market forces, anticipating the collapse of the old system, are trying to determine and win their market share.Bitcoin continues to increase its technological value and capitalization in anticipation of the future, which is already predetermined for ...
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Articles about financial markets

There was a successful merger of the Ethereum Ropsten test network with Beacon
Ethereum/USD, cryptocurrency, There was a successful merger of the Ethereum Ropsten test network with Beacon Today, on June 9, Ethereum developers informed the community about the successful merger of the oldest Ethereum Ropsten test network using the Proof-of-Work algorithm with the Beacon test network using the Proof-of-Stake consensus algorithm, which was one of the final test steps before the full update of the Ethereum 2.0 network.Repeated testing of the chain with Proof-of-Stake, according to the developers, will allow for a secure merger of the existing blockchain with a new version of the block network and obtain a single effective Erhereum blockchain that will not have existing problems and will open the way for the introduction of innovative ideas in the development of a decentralized financial system and the digital economy as a whole.Before the full launch of Ethereum 2.0 with the deployment of PoS, two more mergers of the Beacon network with the Goerli and Seoplia test networks are planned.The final implementation of PoS in the Ethereum blockchain, according to co-founder Vitalik Buterin, should take place in August of this year.The market reacted sluggishly to the technologically important event that took place, and investors did not show high purchasing activity.Ethereum is trading at around $1,800 with no spikes in volatility.The acute foreign policy and macroeconomic situation today has a greater impact on the mood of investors seeking to preserve their capital than the prospect of future income.Therefore, analysts do not predict a surge in volatility even with the full completion of the Ethereum 2.0 update. Volatility may arise, perhaps, only if problems arise in the network that can affect user ...
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You can pay with cryptocurrency: which companies accept crypto in 2022
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Visa, stock, MasterCard, stock, Coca-Cola, stock, PayPal, stock, Shopify, stock, You can pay with cryptocurrency: which companies accept crypto in 2022 The governor of the Bank of England, Andrew Bailey, said that bitcoin is impractical as a means of payment. While cryptocurrencies are not being calculated massively. But today, large companies not only use blockchain, but also accept crypto as payment:Coca-Cola. In 2020, the corporation's Asia-Pacific division announced that it would allow customers in Australia and New Zealand to buy drinks with bitcoin and other coins. Payment is available through devices that accept digital payments.PayPal is the first payment system to add cryptocurrency for transactions. The company acts as an intermediary: the service will exchange cryptocurrency for ordinary dollars at the internal exchange rate, which already includes the cost of conversion.Visa and Mastercard, following PayPal, thought about the possibility of conducting transactions with cryptocurrencies. The systems focus on stablecoins, which have collateral in the form of real assets.Shopify is a platform for creating online stores. Thanks to the developers, the owners of these stores can accept cryptocurrency.Emirates. The airline from the UAE intends to accept bitcoins as payment. Moreover, Emirates will add its own NFT tokens to the site. This is not the first airline operating with cryptocurrencies. Latvian airBaltic has been selling tickets for the crypt for several years.Balenciaga, Gucci, Tag Heuer are also starting to accept cryptocurrency. Moreover, the new payment method will be available not only online, but also in regular stores using QR codes. And the first major retailer that started accepting the crypt was Overstock.Brazilian developer Gafisa announced that now an apartment can be bought for bitcoins. So the company wants to attract investors from other countries, and the cryptocurrency helps to transfer funds quickly and ...
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Madeira "accepts" Bitcoin. What does this mean for the archipelago and the crypto industry?
Bitcoin/USD, cryptocurrency, Madeira \ Speaking at the Bitcoin 2022 conference in Miami, the president of the autonomous region of Madeira, Miguel Albuquerque, made several ambitious statements about the prospects of Bitcoin on the islands."I believe in the future and I believe in Bitcoin," Albuquerque said.He recalled that de facto, Bitcoin is already a legal means of payment on the island, since individuals in Madeira are not subject to capital gains tax when buying and selling bitcoins.The regional corporate tax rate on business on the islands is only 5% — one of the lowest in Europe, which is extremely beneficial for cryptocurrency startups.The President also met with MicroStrategy CEO Michael Taylor. He recommended that he "focus on Bitcoin. Everything else is garbage."Madeira is part of Portugal, which attracts crypto enthusiasts with its zero interest rates on cryptocurrency ...
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Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis?
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis? On May 16, the Central Bank of Cuba will begin issuing licenses for the use of cryptocurrencies in economic activities. The authorities are going to allow the cryptocurrency because of the consequences of the coronacrisis and US sanctions, which have been destroying the country's economy for 60 years.Cuba is a "passing prize"The first settlements on the island were founded by Spanish colonists in the early 16th century and ruled for almost three centuries. Then the metropolis brought African slaves and began to use the land for sugar cane and tobacco – the "oil" of that time.Cuba received relative freedom only at the end of the 19th century after an uprising of local residents and a long war for independence. Spain lost its influence in the Caribbean region, and the United States took its place. Nominally, the United States developed the economy and industry of Cuba, investing hundreds of millions, and then billions of dollars. In fact, they used it as a semi-colony: troops could enter at any moment, local authorities and production controlled it.Before World War I, about 90% of Cuba's exports were tobacco and sugar. Most of the agricultural territories were given over to them. Products for domestic consumption had to be imported – there were not enough of their own. At the same time, companies from the United States received privileges and imported goods to Cuba without duties.The country's economy suffered severely during the First and Second World Wars: first, the flow of goods from Europe stopped, then pro-American officials banned exports from the Soviet Union. As a result of the crisis, the poor could not get vital things, and the elite lived in comfort and luxury.In 1940, President Fulgencio Batista came to power – later he would be called a puppet of the United States. Under Batista, the capital of Cuba, Havana, became the "Latin American Las Vegas." The business was controlled by American monopolies and mafia clans. Businessmen from the United States owned 90% of the mining industry, 80% of utilities and fuel companies and half of sugar production. Batista received millions in bribes, and America turned a blind eye to numerous crimes: from the organization of brothels to drug and human trafficking.13 years later, a group of revolutionaries led by Fidel Castro rebelled against Batista. Impoverished and intimidated by the authorities, people joined the fight against tyranny. Castro promised to distribute land to peasants, ensure independence from the United States and improve the financial situation of Cubans. The resistance has been active for almost six years. A guerrilla war has begun in Cuba. By 1959, Castro's forces were able to capture the capital, and Batista lost control of the state and fled to the Dominican Republic. At the same time, the former dictator took most of the gold and foreign exchange reserves of the Central Bank of Cuba."Friendship against the USA"The Castro government reformed the economy and nationalized most of the companies owned by Batista supporters. 60% of agricultural land was transferred to peasants, the rest went to the state. The authorities began to control the turnover of currencies and trade. Residents of the United States were forced to pay 100% tax on luxury goods and 25% on minerals.In response, the U.S. government stopped importing oil to Cuba and reduced the sugar trade. An economic war has begun between the countries. Castro continued to nationalize American companies, and the United States imposed an embargo: they stopped trading with the Island of Freedom, and any country that provided assistance to Cuba fell under sanctions.The USSR took advantage of the situation. The Soviets gave the Castro government $100 million in loans at 2.5% per annum. Specialists in geological exploration, builders and the military were brought to Cuba. The USSR provided the new ally with equipment, weapons and agricultural products, and in return received sugar, coffee, minerals and representation in the Caribbean. During the period of active trade with the Union, Cuba's economy grew. In the 80s, the country began to build solar and wind power plants, recycle recyclables. Over 20 years of cooperation, Cuba has turned into an industrial and agrarian power. But its economy continued to depend on its "curse" – cane sugar.At the same time, the United States declared Cuba a "sponsor of terrorism" and tightened the embargo again. However, by this time the diplomats were able to establish trade with Latin American countries. Uruguay, Argentina and Venezuela became new partners."Island of freedom" without UnionCuba's economy began to collapse after 1991. Despite diplomatic ties with Latin American and Caribbean countries, the country was dependent on the Soviet Union and still suffered from US sanctions. When the USSR collapsed, the Castro government had to switch to economy mode: there was nowhere to bring equipment and cheap oil in exchange for local goods. The sugar industry became the basis of the economy again, but tourism began to develop in Cuba in parallel.The United States has adopted additional sanctions. Now foreign companies trading with the "disgraced" country were threatened with restrictions. In Cuba, there was a shortage of food and medicines, interruptions in the supply of fuel and spare parts for equipment. GDP began to decrease. During the three years of the crisis, it has decreased by a third. To compensate for the losses, Cuba was looking for foreign partners and investments. Three free economic zones were organized on the island and part of the trade bans were lifted. The government began to create a socialist economy with elements of market relations. State-owned enterprises have introduced self-financing.The first effect of the reforms in Cuba was felt in 2001. Up to this point, the country's economy was shrinking by an average of 3-7% per year, and after that it began to grow. The country has reduced the state monopoly on foreign trade and began to recognize cooperative, private and mixed forms of ownership. After 2010, the government allowed local entrepreneurs to work and introduced a progressive taxation system. Cuba began to actively trade with countries that were less dependent on America. In particular, Venezuelan President Hugo Chavez supplied up to 53,000 barrels of oil to the island daily, in response Cuba sent teachers, doctors and engineers to the new partner. By 2013, about 100,000 Cubans were working in Venezuela. One of the important sectors for the economy has become "medical internationalism". Local doctors started working all over the world.Hurricanes, COVID and new sanctionsCuba still continues to suffer because of the US blockade. The damage has already exceeded $104 billion. And taking into account the depreciation of the US currency — up to $ 1 trillion. After America imposed sanctions against Venezuela, Cuba's main partner began to have serious problems. They were reflected, among other things, on the Cubans. If earlier it was profitable to work in an oil-rich country, then after the Venezuelan crisis, this market almost closed. In addition, interruptions in oil supplies began.The country's economy was also affected by Hurricanes Dennis and Wilma in 2005, Gustav and Ike in 2008, Sandy in 2012. Each of them disabled infrastructure facilities, destroyed buildings and destroyed crops. The military had to deal with the consequences of natural disasters.Another serious blow was the coronavirus pandemic. Many medical professionals were working abroad when COVID was discovered in Cuba. And local doctors lacked medical equipment: there were many elderly people living in the country who were at risk. Officially, the country has coped with the crisis: it was able to introduce an effective system of protection against coronavirus, developed its own vaccines and started immunization. More than 5 million Cubans have been vaccinated against COVID-19. At the same time, the Cuban economy was in a precarious position: the flow of tourists dried up, and investment declined.Dinner for two for a month's salaryNow the "Island of Freedom" has a single currency – the Cuban peso (CUP). $1 = 23.98 CUP or 70-100 CUP at the "street rate". The authorities ask tourists to exchange American currency for euros in advance – banks do not accept and do not exchange USD.The average salary in Cuba for the last 4 years is about $33-45. At the same time:a kilogram of vegetables, a large loaf of bread or a bottle of water cost $0.5;a dozen eggs – $0.7;a liter of gasoline – $1;payment for communal services – $5-10;unlimited internet – more than $100 per month;dinner for two in a restaurant for tourists – up to $25;economy class car rental - $20;1 sq.m. of housing – from $1,500 to $5,000, in tourist areas – higher.Tourists and journalists who have visited Cuba note that it has become unprofitable to work in local industries. Most people live at the expense of relatives who have gone to work in other countries. It is enough to send $50-100 per month to provide for the family.Cubans themselves believe that the authorities have begun to resemble the "puppet government" of Batista. On the islands, "two parallel Cubes" coexist again: elites and Latin American businessmen live in luxury, and ordinary people are forced to live in shacks or sit on the necks of those who left the "Island of ...
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