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https://motleybloggers.com/wp-content/uploads/2022/01/bitcoin-ethereum-technical-analysis-btc-up-10-from-same-point-last-week.jpg Despite trading lower on Monday, bitcoin is up over 10% from the same point last week, with ETH also gaining within that period. In general, crypto markets were weaker to start the new week. Bitcoin Following some strong rallies over the weekend, BTC /USD gave back some of these gains on Monday, falling to an intraday low of $36,733.57. This comes after the world’s largest cryptocurrency edged closer to the $40,000 level, by hitting $38,168.01 during Sunday’s session. The move saw its 14-day RSI climb to 38, however as on January 18th, price action was simply not strong enough to move past that point. As of now, bitcoin is tracking at 34 on this indicator, and has extended the consolidation between support of $35,470, and resistance of $39,010. Looking at the chart, you can see that the 10-day(red) moving average has begun to slow its downward tr...

https://motleybloggers.com/wp-content/uploads/2022/01/salvadoran-president-nayib-bukele-expects-bitcoin-to-experience-a-gigantic-price-increase.jpg El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s millionaires. Salvadoran President Says Best Time to Buy Bitcoin ‘Is When the Price Is Down’ as IMF Warns Nayib Bukele’s Government The Salvadoran bureaucrat, businessman, and the 43rd president of El Salvador, Nayib Bukele , is a big believer in the value of bitcoin (BTC) . El Salvador and Bukele’s government are well known for codifying bitcoin as legal tender in June 2021. On September 7, 2021, the price of BTC dive-bombed , so Bukele decided to buy the dip and add it to El Salvador’s growing stash of bitcoins. Bukele and El Sa...

https://motleybloggers.com/wp-content/uploads/2022/01/technical-analysis-arweave-up-over-44-in-the-last-week-monero-starts-lower-1.jpg Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session. Biggest gainers Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period. To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process. This comes as the decentralized storage network rose by 44% in the last 7-days, as it continues to move towards the $40 mark. Looking at the chart below, the move began after arweave rallied from its recent support of $29.40, where it traded on Friday, leading to four consecutive sessions of gains. As a result of this run, the 14-day RSI now tracks at 50.25, which means prices are neither oversold or overbought. This s...

http://img.youtube.com/vi/BT4ZbuzEpVI/0.jpg https://www.youtube.com/watch?v=BT4ZbuzEpVI Intro 00:00 Bitcoin weekly chart is setting up for something big 00:30 BTC price capitulation to be prepared for 1:55 Bitcoin price resistance 2:40 Always prepared for Bitcoin to $20,000 5:35 Avalanche AVAX 6:20 AVAX vs BTC 7:20 Avalanche upside 10:45 Bitcoin once again sets testing an important area on the charts as a new weekly candle opens. BTC price always has some room for downside, but this time, a dip for Bitcoin could lead BTC into a historically very bullish area of accumulation and reversal. Avalanches is an altcoin worth watching as crypto markets contest with indecision on the next move, mainly due to how much AVAX outperforms Bitcoin price to the upside in bullish environments. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 in...

https://motleybloggers.com/wp-content/uploads/2022/01/crypto-ban-in-russia-can-have-opposite-effect-medvedev-warns-as-opposition-mounts-against-proposal.jpg Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy. More Officials and Organizations Reject Central Bank’s Call to Prohibit Cryptocurrency Central Bank of Russia’s proposal to place a number of crypto-related activities outside the law has sparked a wave of reactions in Moscow. Among the critics are the Finance Ministry which put out its own regulatory concept, the State Duma where deputies are working on a new crypto law, and the government which prepared a roadmap for crypto regulation together with various departments. The central bank’s position has its reasons, Dmitry ...

https://motleybloggers.com/wp-content/uploads/2022/01/ethereum-fees-drop-53-in-20-days-polygon-hermez-loopring-offer-lowest-l2-fees.jpg Ethereum’s average network fees have dropped to the lowest value in 30 days at 0.0096 ether or $24.64 per transaction. Median-sized ethereum fees are lower today as well, as fees are between $8.37 to $10.82 per transaction as ether fees haven’t been this low since January 1. Onchain Ethereum Fees Drop, Current Bitcoin Fees 91% Cheaper Than Ethereum Fees It’s cheaper today to send ethereum ( ETH ), as network fees are 0.0096 ETH or $24.64 on average to send the second leading crypto asset. On January 30, 2022, ethereum has a 24-hour price range of around $2,575 to $2,647 per unit. Average-sized ETH fees haven’t been this low since January 1, 2022, when the average-sized fee (ASF) was $25.75 per transfer. Ethereum fees reached a high on January 10, at $52.46 per transaction and the current ASF today is 53.03% lower than the high...

https://motleybloggers.com/wp-content/uploads/2022/01/goldman-sachs-warns-bitcoin-increasingly-vulnerable-to-fed-rate-hikes-as-mainstream-adoption-grows.jpg Global investment bank Goldman Sachs has warned that bitcoin is increasingly vulnerable to the Federal Reserve’s rate hikes as the cryptocurrency grows more widely adopted. “Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets has picked up,” the Goldman analysts explained. Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes Global investment bank Goldman Sachs published a research note Thursday detailing bitcoin’s increased vulnerability to the Federal Reserve hiking interest rates. Zach Pandl, bank’s co-head of foreign exchange strategy, and FX analyst Isabella Rosenberg explained that as mainstream adoption of bitcoin increases, so does the cryptocurrency’s vulnerability to Fed policy. They described: Over the last two year...

https://motleybloggers.com/wp-content/uploads/2022/01/vitalik-buterin-to-use-100-million-from-crypto-reliefs-shib-funds-to-accelerate-covid-relief-efforts.jpg Ethereum co-founder Vitalik Buterin has unveiled how he will use $100 million in cryptocurrency from India’s Covid Crypto Relief Fund (Cryptorelief) to accelerate relief efforts and “bring great benefit to Indians and non-Indians.” The crypto is part of the Shiba Inu funds Buterin donated to Cryptorelief last year. Vitalik Buterin to Personally Deploy $100M From Shiba Funds to Help Covid Relief Efforts Ethereum co-founder Vitalik Buterin tweeted Friday that Cryptorelief is sending $100 million in cryptocurrency from the “Shiba funds” back to him. He added that he plans to “personally deploy these funds” in some “higher-risk, higher-reward Covid science and relief projects worldwide.” Buterin’s statement was in response to a tweet by Sandeep Nailwal, co-founder of Polygon....

https://motleybloggers.com/wp-content/uploads/2022/01/visa-partners-with-over-65-crypto-platforms-crypto-linked-card-usage-soars-despite-price-volatility.jpg Visa has now partnered with more than 65 crypto platforms and exchanges. In addition, the payments giant revealed that crypto-linked card usage exceeded $2.5 billion in the first fiscal quarter, “which is already 70% of the payments volume for all of fiscal 2021.” Visa Outlines Crypto Strategy and Achievements Visa Inc. discussed its crypto strategy and achievements during the company’s earnings call Thursday. Visa CEO Al Kelly said: “Many current trends in payments, including … crypto, and wallets, are enabling new ways to pay. These represent opportunities for Visa.” Regarding his company’s efforts in the crypto space, the executive highlighted: We’re also providing on-ramps for crypto players creating connectivity with fiat economies. There are over 65 crypto platforms and exchange...

https://motleybloggers.com/wp-content/uploads/2022/01/russians-aware-of-bitcoin-divided-on-proposed-crypto-ban-poll-finds.jpg A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an equal number of participants in the survey oppose it. Bank of Russia’s Call to Prohibit Cryptocurrencies Backed by 32% of Russians Who Know Bitcoin Amid ongoing discussions on the future of digital currencies, the Russian Public Opinion Research Center (Vtsiom) has published a new study measuring the attitudes of Russian citizens towards crypto assets and operations with them. It comes as officials are trying to put the country’s crypto space in order, not without disagreements between regulators. According to the poll, the majority of Russians (64%) have heard about bitcoin and 17% have good knowl...

http://img.youtube.com/vi/rL7s-SWs5yU/0.jpg https://www.youtube.com/watch?v=rL7s-SWs5yU SundaeSwap has released an update to their protocol discussing their launch, congestion issues that relate to Cardano, amongst some other updates. Intro 00:00 Congrats to SundaeSwap 00:30 SundaeSwap is helping Cardano 1:35 One of the strongest projects in crypto 2:30 SundaeSwap update 2:50 Estimate $SUNDAE rewards 8:00 Are whales getting too much $SUNDAE? 8:15 SundaeSwap Article - https://sundaeswap-finance.medium.com/sundaeswap-launch-recap-28755c9e3ed5 Estimate Sundae rewards - https://iso.sundaeswap.finance/#/rewards 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 in FREE BTC - https://bit.ly/3k449CR ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradin...

https://motleybloggers.com/wp-content/uploads/2022/01/blockchain-and-cryptocurrency-is-here-to-stay-and-impossible-to-regulate-at-large-ceo-of-a-united-arab-emirates-based-bank.jpg According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also here to stay. Despite this prediction, the CEO admits that many in the banking industry still do not fully understand this technology. A Revolutionary Technology The CEO of Bank of Sharjah, Varouj Nerguizian, has said the blockchain and cryptocurrencies are not going away but are likely to become a significant part of the banking system. Nerguizian, however, said banks can only fully benefit from technology when they deploy non-public or enterprise blockchains. In comments made during an interview with Emirates News, the CEO also explained how the blockchain can potentially be a double-edged sword to financial...

https://motleybloggers.com/wp-content/uploads/2022/01/bitcoin-ethereum-technical-analysis-bitcoin-moves-higher-as-crypto-markets-rebound-on-saturday.jpg Following two consecutive days of losses, bitcoin and ethereum both rebounded strongly to start the weekend. Crypto markets were trading close to 5% higher on Saturday. Bitcoin The world’s largest cryptocurrency regained some upward momentum on Saturday, as bitcoin bulls appeared to have re-entered the race. BTC /USD rose to an intraday high of $37,952.88 on Saturday, following a low of $36,211.11 earlier in the session. Today’s rally comes as bitcoin appears to have broken above the key RSI level of 30, and now tracks north of 35 on the indicator. Despite remaining oversold, the breakout invigorated traders who were hoping to take BTC /USD to the $40,000 resistance level. Overall and long-term, the BTC /USD chart is still positioned within a descending triangle. However, the recent shorter-term ascending run has created a s...

https://motleybloggers.com/wp-content/uploads/2022/01/technical-analysis-flow-climbs-close-to-30-to-enter-top-50.jpg Flow is trading almost 30% higher on Saturday, as the majority of the crypto top 100 are in the green. Today’s move sees flow also enter the top 50 cryptocurrencies by market cap. Biggest Gainers Following a bearish end to the working week, cryptocurrency markets are green across the board to start the weekend. Notable gainers included solana, which is up over 10%, whilst SAND is also trading higher, and is up almost 15% as of writing. However, the clear bull of the day is FLOW, which as of writing is up around 23%, hitting an intraday high of $6.62 in the process. The move began after FLOW/USD rallied from recent support of $4.50, where it last traded on Thursday, to now hitting an intraday high of $6.62 two days later. Saturday’s surge saw flow move past aave, to become the #50 ranked cryptocurrency across the globe, by market cap. Looking at the chart, the ...

http://img.youtube.com/vi/i8V9qFrUjko/0.jpg https://www.youtube.com/watch?v=i8V9qFrUjko Intro 00:00 Cardano downtrend and targets 00:35 The case for ADA bullish reversal 1:15 This Cardano support are is years in the making 1:40 Cardano daily moving averages 4:20 Huge COTI Treasury news 5:10 COTI treasury 5:40 COTI higher low trendline 6:35 More consolidation in play for COTI 9:00 COTI price prediction 9:45 Cardano weekly chart continues to consolidate nicely as crypto markets decide whether or not it is time to put in bullish reversal. ADA has to contend with a lot of uncertainty on the charts and crypto marketing in general, but the case is there for a nice Cardano price reversal, especially considering the macro support it has seen. COTI releases huge crypto news as they announce the COTI treasury for February 1 2022. Coti may see a swing high all time high if crypto markets bounce to the upside. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇...

https://motleybloggers.com/wp-content/uploads/2022/01/technical-analysis-terra-luna-drops-20-while-symbol-token-climbs-on-friday.jpg Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos ( ATOM ) also had a double-digit decline. Biggest gainers Although crypto markets were mainly trading in the red, symbol (XYM) was one of the rare exceptions to climb higher today. XYM rose to an intraday high of $0.1728 during Friday’s session, rising from an earlier low of $0.155. This move started when the symbol surged from its support at $0.146, an area where it has been trading around for the majority of the week. As of writing, XYM was trading over 7% higher, with price action continuing to gain strength, after a recent breakout from a key RSI resistance point. The 14-day RSI indicator is currently tracking at 44, following its surge from the 35 level, which was a historical point of price ...

https://motleybloggers.com/wp-content/uploads/2022/01/whale-watch-a-deep-dive-into-the-concentrations-of-large-crypto-holders.jpg Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, have been able to accumulate vast quantities of coins. Moreover, a few crypto projects have also seen whales accumulate a majority of a token’s circulating supply via the initial distribution process. The Top 8 Crypto Assets by Concentration of Large Holders The subject of whales is a popular one in the world of cryptocurrencies, as the entities have always been a force to be reckoned with. Whales are large crypto asset holders who own more tokens than the average person, and they are called whales because their giant holdings can m...

https://motleybloggers.com/wp-content/uploads/2022/01/crypto-com-inks-multi-year-deal-with-lebron-james-and-his-education-focused-nonprofit.jpg On Friday, the digital currency exchange Crypto.com announced the company has inked a multi-year partnership with LeBron James and the LeBron James Family Foundation (LJFF). The crypto trading platform notes that the partnership will bolster things like “educational empowerment,” providing access to tools that help build “Web3, and the future of the internet.” LeBron James: ‘Blockchain Technology Is Revolutionizing the World’ A number of digital asset firms have been working closely with celebrities and famous athletes in order to raise brand awareness. Crypto.com has been one of those companies as it has worked with the actor Matt Damon , it recently partnered with LA’s Angel City Football Club , and the exchange acquired the naming rights to the Los Angeles Lakers’ Staples Center and renamed it ...

https://motleybloggers.com/wp-content/uploads/2022/01/irs-special-agent-on-crypto-we-see-mountains-of-fraud-in-this-area.jpg A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because “this space is the future,” he stressed. IRS Special Agent Says Crypto Is Rife With ‘Mountains and Mountains of Fraud’ A special agent in charge of the IRS’ criminal investigation division in Los Angeles, Ryan Korner, talked about cryptocurrency at a virtual event hosted by the USC Gould School of Law Tuesday. He was quoted by Bloomberg as saying: We’re just seeing mountains and mountains of fraud in this area. He explained that non-fungible tokens (NFTs) and crypto in general are prone to market manipulation, adding that high-profile individual...

https://motleybloggers.com/wp-content/uploads/2022/01/goldman-sachs-blankfein-admits-his-view-on-cryptocurrency-is-evolving-says-crypto-is-happening.jpg Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, says his view on cryptocurrency is evolving. “I look at the crypto, and it is happening,” he added. Goldman Sachs Executive Lloyd Blankfein Says Crypto ‘Is Happening’ Lloyd Blankfein, a former Goldman Sachs CEO who has voiced skepticism about cryptocurrency in the past, said in an interview with CNBC this week that his view on crypto is “evolving.” Blankfein served as Goldman Sachs’ chairman and chief executive officer from 2006 through September 2018, and remained chairman through December 2018. He is now senior chairman of the Goldman Sachs Group. He was asked whether his view on cryptocurrency has changed given the current market condition and traditional banks, including Goldman Sachs, starting to offer ...

https://motleybloggers.com/wp-content/uploads/2022/01/turkeys-president-erdogan-instructs-ruling-party-to-study-cryptocurrency-metaverse.jpg The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous study should be done,” said President Erdoğan. Turkish President Wants the Ruling Party to Study Crypto and the Metaverse Turkish President Recep Tayyip Erdoğan reportedly discussed cryptocurrency and the metaverse at the Justice and Development Party’s central executive board meeting held Tuesday under his chairmanship. The Justice and Development Party (AK Party) is the largest party in Turkey, and President Erdoğan is its current leader. During the meeting, President Erdoğan directed the AK Party to analyze new developments, including cryptocurrency and the metaverse, local media reported Wednes...

https://motleybloggers.com/wp-content/uploads/2022/01/utility-seeks-800000-from-russians-mining-crypto-with-cheap-power.jpg The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court Irkutskenergosbyt, the local power distributer in Irkutsk Oblast, has filed 137 lawsuits against customers using subsidized electricity to mint digital currencies in mining facilities set up in basements and garages. Taking the cases to court, the utility hopes to recover 63 million Russian rubles (over $790,000) in compensation, Tass reported quoting its director, Andrey Kharitonov. The company says these home miners are engaged in entrepreneurial activities while paying for their electricity at the tariffs for the population,...

https://motleybloggers.com/wp-content/uploads/2022/01/precious-metals-cryptocurrencies-stock-markets-falter-following-powells-rate-hike-statements.jpg Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee “is of a mind to raise the federal funds rate at the March meeting.” Powell’s statements following the meeting, alongside discussions of reducing the balance sheet, were viewed as hawkish among investors and global markets dipped in value. FOMC Says It Plans to Raise the Federal Funds Rate ‘Soon,’ Fed Chair Jerome Powell Insists Rates Will Change in March Following a week of dismal markets, the highly anticipated Federal Open Market Committee (FOMC) meeting took...

https://motleybloggers.com/wp-content/uploads/2022/01/us-sentences-bitcoin-seller-to-1-year-in-jail-for-defrauding-investors.jpg A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) announced last week that Michael Yusko has been sentenced to one year and one day in prison “for defrauding customers through unlicensed bitcoin business.” The 47-year-old resident of New Orleans sold bitcoin and other cryptocurrencies to customers in May 2018. “Yusko would promise customers any amount of bitcoin in exchange for U.S. dollars at five percent above market price for a five percent fee,” the DOJ detailed, emphasizing that he failed to follow through on transactions. According to the Justice Department, cust...