CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, LEDGER News
Why bitcoin should rise above 24 thousand dollars, and the key at 23 thousand dollars
Bitcoin price holds gains above $ 23,000 and $ 23,200 against the US dollar.
In the last 2-3 sessions, bitcoin prices have mostly fluctuated above the $ 23,000 support. BTC appears to be forming a strong support base around $ 23,000, $ 23,200, and a 100-hour simple moving average.
A recent low was formed around $ 23,078 before the price rallied above $ 23,500. There was a break above the 50% Fibonacci retracement level of the last decline from a high of $ 24,301 to a low of $ 23,078. Also on the hourly chart of the BTC / USD pair, a key bullish trend line is forming with support around $ 23,080.
However, the price appears to be facing resistance around the $ 23,800 level. The 61.8% Fibonacci retracement level of the last decline from the $ 24,301 high to $ 23,078 low also acts as resistance for the bulls.
Bitcoin price is gaining momentum
Ripple XRP Tries To Retest Its Annual High Of $ 0.78
Ripple’s XRP rallied again amid Bitcoin’s bullish momentum.
Bitcoin’s rise to its new all-time high of more than $ 23,000 pushed the cryptocurrency market towards the green. Ripple, for its part, managed to recover from falling to a low of $ 0.45 last week, consolidating around $ 0.56. However, the altcoin has yet to break through the critical resistance level of $ 0.60, and it may take some time for the altcoin to reach its annual high again.
XRP price peaked at an annual 2020 high of around $ 0.78 on leading exchanges and even approached $ 1 on Coinbase during the November bull run.
Why Ethereum Could Rise Another Leg Above $ 650
Ethereum corrected downward, but was still trading above $ 625 against the US dollar.
After trying to break the $ 660 resistance level, Ethereum corrected below the $ 650 level. ETH traded below the $ 640 level and even dropped below $ 630.
Warp Finance Says It Has Recovered 75% Of $ 7.76M In Attack On Instant Loan
Warp Finance Says It Has Returned $ 5.85M, Or About 75%, Of $ 7.76M
Decentralized finance platform Warp Finance said it has recouped $ 5.85 million, or about 75%, of the $ 7.76 million lost last week in the emergency loan attack.
The recovered funds are to be distributed sometime late on December 20 ET to affected users in amounts proportional to the amount of W-USDC and W-DAI held at the time of the attack.
Institutions Come For Your Bitcoins As USDC Whales Make Huge Deposits On Coinbase
Crypto analyst King Young Joo notes that USDC whales are making huge deposits on the Coinbase exchange.
Crypto analyst King Young Joo notes that USDC whales are making huge deposits on the Coinbase exchange. He notes that whenever this happens, the price of bitcoin continues to rise.
Bitcoin whale addresses continue to rise as small BTC holders sell $ 23K in profits.
Bitcoin recently climbed above the $ 24,000 level and made a new all-time high.
Analyst firm Crypto on-chain recently noted that the number of bitcoin holders with over 1,000 BTC continues to grow, almost reaching a new all-time high. However, addresses with less than 1,000 BTC have been on sale since last week. Bitcoin holders with less than 1,000 BTC were happy with their profit margins between $ 22,000 and $ 24,000.
Ledger Database with 270K Physical Addresses, 1M Emails Leaked to Raidforms
The database of the hardware wallet company Ledger has been leaked.
A data breach of more than 270,000 physical addresses and phone numbers, as well as a million email addresses, has gone public on the hacker site Raidforms.
The data in question was reportedly stolen during the Ledger e-commerce database hack back in June.
U.S. Congress Needs $ 900 Billion Incentive Bill What It Means For Bitcoin
The U.S. Congress has reached agreement on a proposed $ 900 billion pandemic stimulus package, CNBC reported.
McConnell said the vote on the $ 900 billion growth stimulus bill could take place Sunday night, CNBC reported on December 20. As the stimulus package will give a boost to the stock markets, crypto investors are looking forward to further appreciation of the bitcoin rate.
Silicon Valley Leading Venture Fund Defends Cryptocurrency Amid Controversial Treasury Rule Proposal
FinCEN of the US Treasury Department has confirmed that it is working to curb crimes related to bitcoin and other cryptocurrencies.
The document, which will be posted on the Financial Crime Network, states that the rule will force virtual asset service providers to verify the name and address of non-custodial wallet users for any transaction over $ 3,000. Some also think this applies to decentralized financial applications, although since these applications are decentralized it is not clear how this will work.