Gatechain Token(GT)

All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.

Bitcoin has swept the globe and established itself as a well-liked investment choice for many people. Due mainly to the success of Bitcoin and Ethereum, the cryptocurrency industry has recently seen a rise in popularity. Investors have, however, been interested in more than that. Dogecoin, a cryptocurrency with meme inspiration, has gained popularity in the cryptocurrency space, and its success has led investors to search for other investment opportunities. Five alternatives to Dogecoin are examined in this article: DigiToads (TOADS), Tamadoge (TAMA), Dogelon Mars (ELON), Baby Dogecoin (BABYDOGE), and Shiba Inu (SHIB). DigiToads (TOADS) DigiToads, often known as TOADS, is a cryptocurrency that has recently attracted the interest of several traders and investors. It was introduced as a play-to-earn meme coin in early 2023, and its presale has shown great promise. The unique notion of DigiToads is one of the distinguishing qualities that sets it different from other cryptocurrencies. It is intended to be a platform driven by the community and pays users for their involvement. Users may earn TOADS tokens by participating in various platform activities, including playing games, on-chain trading competitions, TOAD school, meme contests, and staking. The presale will include $150,000 worth of giveaways, encouraging the new members to join the community and increase their reward chances. The restricted quantity of DigiToads is another aspect that makes it a desirable investment option. Just 585 million TOADS tokens will ever be produced, with an automated burning mechanism reducing the number further. This deflationary model distinguishes TOADS from Dogecoin, whose unlimited supply has been a major factor restricting the token from rising in value. Overall, DigiToads is an ultimate alternative for DOGE with its generous utility, real use cases, and smart tokenomics. With an already audited smart contract and doxxed team, the project is expected to reach the moon. Visit The DigiToads Website: https://digitoads.world Tamadoge (TAMA) Tamadoge (TAMA) is a wildly successful meme currency with an intriguing roadmap. Tamadoge was first introduced to the market in 2021, and with its fascinating combination of NFTs and Play-to-Earn (P2E) principles, it quickly gained attention. The main factor contributing to TAMA's success is its innovative use case. TAMA is designed to be used in a decentralized game called Tamadoge, a play-to-earn game that allows players to earn TAMA tokens by completing various tasks and challenges. This concept has proven popular with gamers and has helped drive demand for the TAMA token. Another main feature of TAMA is its strong community. The team behind TAMA has made a strong effort to create a welcoming and inclusive community focused on the project's long-term success. This has helped to create a loyal following of investors who believe in the project's potential. Tamadoge's popularity has been strengthened even further due to the publication of the "Tamadoge Arcade," which currently has three games. The Tamadoge team is also preparing for the much-anticipated augmented reality (AR) app launch with a Tamadoge theme. With the use of this software, users can observe and communicate with their Tamadoge dogs in the real world and even engage in competitive combat. Dogelon Mars (ELON) Dogelon Mars (ELON) is a relatively new cryptocurrency that has gained much attention recently. The name itself is a nod to Elon Musk, the famous CEO of Tesla and SpaceX, who has been known to tweet about various cryptocurrencies, including Dogecoin. Dogelon Mars is a decentralized finance (DeFi) project that operates on the Ethereum blockchain. It was created by a group of anonymous developers who were inspired by the success of other meme-based cryptocurrencies like Dogecoin. Future Mars and beyond colonists will be able to use ELON tokens as an "intergalactic currency," according to the token's developers. However, no whitepaper or detailed roadmap has been published by the project team yet. Official Dogelon Mars lore states that the project's most crucial plans will be unveiled upon Mars's re-colonization in 2420. The project's narrative motivates the ELON crypto community to campaign for the token's inclusion on major exchanges and to keep their heads up in the face of the market's volatility. Developers of Dogelon Mars have also announced plans to release a new staking feature that will allow users to stake their ELON tokens in exchange for xELON. This multifunctional token is said to offer exciting new incentives for the Dogelon Mars decentralized finance (DeFi) ecosystem. In addition to the hazy plans that Dogelon Mars has for expanding to other planets, the project has also started publishing a comic series on its website centered around Dogelon. Baby Dogecoin (BABYDOGE) Baby Doge is a digital token developed by the Dogecoin community. According to the website, Baby Doge tries to win over his dad with lightning-fast transactions and cuteness. Baby Dogecoin is a hyper-deflationary token created to increase in value as time passes. However, unlike other crypto projects' burning mechanisms, in baby doge's case, every time a user makes a purchase, they receive a new coin in their wallet. Some of those coins are also added to the decentralized exchange PancakeSwap as part of a liquidity pair. Charity organizations also benefit from redistribution. The website for baby doge coin claims that its creators have given over $750,000 to dog-related organizations like the Humane Society, the ASPCA, Paws with Cause, the North Shore Animal League, and others. About 115.114 quadrillion baby doge in circulation from 420 quadrillions can ever be created. Despite claims that one doge baby is hyper-deflationary, the total supply is still quite large and could have dire consequences during bear markets. The developers of Baby Doge Coin say the token is a fun meme with a serious mission to rescue dogs in need and bring crypto adoption to the mainstream with new concepts like rewards, NFTs, decentralized exchanges, and credit cards for crypto payment on our website. However, there is currently a limited practical application for the coin. Nonetheless, support from the community continues to be high, and the deflationary mechanism provides a real solution to the problem that father Dogecoin had been facing for so long. Shiba Inu (SHIB) A person going by the moniker "Ryoshi" invented the Ethereum-based cryptocurrency known as Shiba Inu (SHIB) in August 2020. The Shiba Inu dog breed, which became renowned as an online joke, served as the model for the coin's name and graphic. SHIB has developed into a genuine cryptocurrency with a committed community of investors and supporters, despite its roots as a joke. SHIB's emphasis on fostering community is one of its key characteristics. To encourage its users to interact with the platform and with one another, the project has started several projects. For instance, it developed ShibaSwap, a decentralized exchange that enables users to trade SHIB and other cryptocurrencies without depending on centralized exchanges. Shiba Gallery, a non-fungible token (NFT) marketplace developed by the project, enables artists to display and sell their creations using SHIB. The tokenomics of SHIB is another important aspect. As there are one quadrillion tokens in the coin's total supply, there is a lot of liquidity accessible for investors. However, the project's team has also taken several steps to guard against the currency suffering undue inflation. For instance, they burnt half of the SHIB token supply, reducing the number of tokens in circulation and raising the value of each token as a result. Despite just being recently launched, SHIB already has a sizable fanbase. The coin's market valuation has surpassed $6 billion and is listed on some significant exchanges, including Binance, KuCoin, OKX, Huobi Global, and Kraken. Bottom Line Dogecoin continues to be a well-liked option among cryptocurrency investors and fans, but there are a ton of other choices available for individuals looking to diversify their portfolios or discover the next big thing in the crypto industry. All of these digital currencies—DigiToads (TOAD), Tamadoge (TAMA), Dogelon Mars (ELON), Baby DogeCoin, and Shiba Inu (SHIB)—offer distinctive characteristics and potential for growth. As cryptocurrencies are still expanding and becoming more widely used, it's impossible to predict which altcoin will have a price explosion shortly. Still, these five Dogecoin alternatives are worth keeping an eye on. For More Information on DigiToads visit the website, join the presale or join the community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

ARK Invest CEO and BTC supporter Cathie Wood believes that major institutions will turn to Bitcoin amidst the U.S. banking crisis. Banking Troubles Can Help BTC In an interview, ARK Invest CEO Cathie Wood believes that the current banking troubles nationwide will push institutions toward a more diverse portfolio, especially crypto investments. Wood has long since been a champion of BTC and has been buying up the dip throughout the 2022 bear market to strengthen the BTC coffers of her company, ARK Invest. In the interview, she stated that the banking crisis could lead to a loss of liquidity, which would hurt traditional assets. Furthermore, she pointed out that BTC moving away from the equity markets was “quite instructive.” Wood Talks BTC Future The company’s ARK Big Ideas 2023 report had estimated a base case prediction for the premier crypto, claiming it would cross the $680,000 mark by 2030. Wood reiterated her faith in the premier crypto, claiming she remains confident in BTC’s ability to hit the mark in the estimated time frame. She even stated that these predictions are quite conservative and have been dialed down since last year. She said, “I know that corporate treasuries pulled away from Bitcoin because the regulators were pulling them away from Bitcoin on their balance sheets. So we’ve pulled back there. But we do believe that the behavior of the price through this crisis is going to attract more institutions, for example.” The Next “Roaring Twenties” She equated Bitcoin with certain asset classes of previous decades that were key in helping certain institutions diversify their portfolios, giving examples of real estate assets in the 70s, emerging markets in the 80s, and small-cap stocks in the 90s. Wood believes that institutional investors need to allocate between 2.5% to 6.5% of their portfolios to Bitcoin and crypto. She predicts that once the Federal Reserve pivots toward crypto, there will be a resurgence of a thriving economy similar to the “Roaring Twenties,” helped partly by innovative technologies like blockchain and cryptocurrency. ARK Invest has recently added $20 million in Block shares and $30 million in Coinbase shares to its funds. Unfortunately, ARK suffered a double blow as an activist short seller targeted Block Inc, and SEC issued a Wells notice to Coinbase. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

With more than $2 billion in trading volume in the first 24 hours, the $ARB token has finally dropped onto exchanges after a turbulent launch. Issues and volatility at launch The most keenly anticipated token launch for many years has just taken place. With Arbitrum becoming one of the most used layer 2 blockchains for scaling on Ethereum, the launch of its token was always going to be a huge event. After initial issues, namely that those eligible for the $ARB airdrop couldn’t claim their tokens straight away given that the Arbitrum landing page crashed under the deluge of would-be claimants However, once exchanges started trading the token the expected extreme volatility ensued. Coinmarketcap had the $ARB token start trading at more than $11, but then some intense fluctuations followed, and the token began to make its way down to a far more reasonable valuation of between $1 to $2 dollars. At time of writing, $ARB is trading at $1.42 on Coinmarketcap, $1.49 on Binance, and $1.41 on Kucoin. Expect this Arbitrum arbitrage gap to close as trading becomes more settled. Crypto profits from bank nerves Elsewhere in the crypto ecosystem things are generally muted and to the downside. Bitcoin remains strong at above $28,000. At less than 1% down on the day the king of the cryptocurrencies is perhaps gathering itself ready for another move upward. After the recent bank scares and with the way central banks printed currency with abandon in order to prop the system up, many are looking to assets outside of the banking system with which to hedge their wealth. Some obvious candidates here are Bitcoin, crypto, and precious metals. Gold is just under $2,000, and silver is motoring at $23.37 an ounce so far today. Bitcoin dominance Crypto is perhaps more of a speculative play right now, as bitcoin dominance is definitely in the ascendency. However, for those looking at bitcoin possibly pulling back in dominance as it reaches 48%, a possible short term altcoin surge could be on the cards. The ETH/BTC pair could perhaps turn around now, given that $ETH has dropped more than 11% against $BTC over the last couple of weeks. Also, with the April 12 Shanghai hard fork looming into view, expect $ETH to perhaps start gaining strength going into this major event. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In the high-stakes world of cryptocurrency, four giants are vying for supremacy: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and the newcomer Orbeon Protocol (ORBN). These Crypto Titans are in a fierce battle, each bringing unique strengths. While Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continue to flex their muscles, Orbeon Protocol (ORBN) is poised to disrupt traditional financing models for startups and crowdfunding through its innovative use of fractionalized NFTs. With market experts predicting a 6000% return from the presale as Orbeon Protocol (ORBN) has already posted a staggering 2202% gain to $0.0921 in phase 11, Orbeon Protocol (ORBN) is confidently entering the fray, ready to challenge the status quo. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Orbeon Protocol (ORBN) will revolutionize the established crowdfunding and venture capital industries by using fractionalized NFTs. Orbeon Protocol (ORBN) will issue fractionalized, equity-backed NFTs, allowing average investors to benefit from early-stage investments in outstanding enterprises. Orbeon Protocol (ORBN) intends to change the venture capital and crowdfunding industries by enabling firms to convert their ownership into NFTs that investors can buy for as little as $1. The "Fill or Kill" approach of Orbeon Protocol (ORBN) protects users against failed fundraising rounds. The Orbeon Protocol (ORBN) assures, the NFTs will automatically return the money back to the investors.if the company fails to finish the funding round within the time frame stipulated. Solid Proof conducts audits of Orbeon Protocol (ORBN) smart contracts. During the presale period, market experts expect that the value of Orbeon Protocol (ORBN) will reach $0.24. Orbeon Protocol (ORBN) is presently trading at $0.0921 in stage 11 of its presale, having already skyrocketed over 2200%, making Orbeon Protocol (ORBN) the hottest presale currently underway. Orbeon Protocol (ORBN) tokens give holders benefits like governance voting rights, staking, and VIP group access. ORBN is looking extremely promising as analysts predict a 6000% price surge in the next coming weeks.. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

As people flee the banking system into Bitcoin, even the U.S. President is attempting to besmirch the world&rsquo;s most popular cryptocurrency. In the recently released annual Economic Report of the President, Bitcoin was given some rough treatment. It was mentioned no less than 75 times in the report, and was compared extremely unfavourably with the U.S. government&rsquo;s choice of a central bank digital currency (CBDC). What does crypto do? The report did include a section on how Bitcoin works and stated that Bitcoin came about as &ldquo;something of a repudiation of the existing financial intermediaries that caused the crisis&rdquo; (Great financial crisis). Then follows what is perceived by the report to be &ldquo;claims&rdquo; on what Bitcoin can do. This is set down as: Crypto Assets Could Be Investment Vehicles Cryptocurrencies Could Offer Money-like Functions without Relying on a Single Authority Crypto Assets Could Enable Fast Digital Payments Crypto Assets Could Increase Financial Inclusion Crypto Assets Could Improve the United States&rsquo; Current Financial Technology Infrastructure The reality of crypto Next is what the report calls The Reality Of Crypto Assets&rdquo;. Here it attempts to debunk the earlier &ldquo;claims&rdquo; of cryptocurrencies. It starts by stating that &ldquo;crypto assets are mostly speculative investment vehicles&rdquo;, calling them &ldquo;volatile&rdquo; and therefore &ldquo;highly risky&rdquo;. The report authors call into question cryptocurrency as &ldquo;money&rdquo;, and declare that cryptocurrencies &ldquo;generally do not perform all the functions of money as effectively as sovereign money&rdquo; (e.g. US dollar). &ldquo;Run risk&rdquo; Stablecoins are also maligned in that they are said to be &ldquo;subject to run risk&rdquo;. This does seem a little rich considering the current environment of impending bank runs, which has only been averted for the time being due to the sheer amount of currency that has been thrown at the problem by the Federal Reserve and other central banks. No mention either of how the general public will pick up the tab through severe dilution of fiat currencies that rob people of purchasing power. Fraud, Blockchain, and CBDCs Next is the assertion that &ldquo;crypto assets can be harmful to consumers and investors&rdquo;, stating that many of the participants in the crypto sector do not comply with existing laws and regulations. Crypto &ldquo;fraudsters&rdquo; are singled out, such as BitConnect and FTX, and explanations are given as to how their frauds were carried out. A section on how Distributed Ledger Technology (DLT) and Blockchain are just glorified databases comes next, and then all the &ldquo;other risks&rdquo; of digital assets that the report&rsquo;s authors could think of. The report then gets on to eulogising on how a central bank digital currency (CBDC) can &ldquo;realise the benefits that crypto asset developers have promised&rdquo;. Fully fledged attack on crypto The publishing of such a report leaves no one in any doubt as to the Biden Administration&rsquo;s stance on Bitcoin and cryptocurrencies. Operation Choke Point is very real, and it would appear that the government will go to any lengths in order to cut crypto off from the banking system and drive people out of cryptocurrencies. Perhaps what is being said here might fall on deaf ears, given that the vast majority of the population will very likely not read the report, but given some of the technical explanations it is probably aimed at the upper end of the population. It must have been more than slightly problematic to have released this report on the back of bank failures and the biggest currency printing spree since Covid, but with a banking meltdown potentially on the cards within the year, no time better than the present. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter.

Ethereum continues to show strength after reversing in the past week. The price dropped throughout yesterday but recovered today with a 1.8% jump. It looks to tap more highs in the coming hours. After bouncing sharply off the $1,371 level on March 10, ETH recovered higher and increased significantly by more than 20%. The price […]

After two-week of meltdowns, Bitcoin found solid support and started to show strength. The price has recovered fully over the past days as it resumes trading above $26k. Bitcoin started to recover last week following a quick bounce from $19.6k, which happened to be its lowest price in two months. It further pushed higher and […]

Bitcoin’s price has been trending upward lately, while Ripple has remained relatively stable, staying around the same level without much movement. However, XRP is currently showing signs of strength as it has surpassed a significant resistance level. Technical Analysis By Shayan The Daily Chart This week, the cryptocurrency market experienced a bullish trend, with assets […]

As the SEC vs Ripple lawsuit drags on, lawyers representing the crypto firm and its co-defendants have sought to adduce new evidence which they hope could greatly aid their defense arguments.

BTC/USD Orbiting 28004 Level: Sally Ho&rsquo;s Technical Analysis &ndash; 22 March 2023 Bitcoin (BTC/USD) traded sideways early in the Asian session as the pair orbited the 28004.20 level, an upside price objective associated with previous buying pressure around the 16326.16 and 20370.01 areas. The pair ceded some recent gains after rocketing to its strongest print since early June 2023, trading as high as the 28578.63 level. Stops were elected above the 27901.68 and 28004.20 levels during the recent ascent, upside price objectives related to buying pressure that strengthened around the 19568.52 and 20370.01 levels. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Buying pressure emerged around the 27218.36 level during a brief pullback, an upside price objective related to buying pressure around the 15460 level. Traders recently lifted BTC/USD from the 24064.72 area during another recent pullback, a level that represents the 78.6% retracement of the depreciating range from 25288.88 to 19568.52. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 27481, 26998, 26803, 26452, 26254, 26020, 25706, 25230, and 25136 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 25768.11 and the50-bar MA(Hourly) at 27885.59. Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho&rsquo;s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Tomorrow&rsquo;s interest rate decision could be an important factor in whether Crypto continues its rise over the last few months. 25 basis points rise? How crypto markets will react to tomorrow&rsquo;s interest rate decision will be interesting to see. After the varied collapses in the banking industry many are expecting Fed Chairman Jerome Powell to announce a smaller 25 basis points cut, or to even declare a pause in cuts until more data is forthcoming on the strength of the banks and the economy. According to the CME FedWatch tool, the current market view is that there is a strong likelihood of a 25 basis points rate hike. The percentage probability of this is at 81.9%, with 18.1% expecting rates to stay as they are. Many analysts suggest that the Fed shouldn&rsquo;t hike rates at all, and some are even of the opinion that it needs to start cutting straight away in order to take the pressure off of the banks. However, it may be the Fed&rsquo;s view that the sheer amount of currency that it and some of the biggest banks have thrown at the problem, has given it the space it needs to get the interest rates up to its target. The time is certainly going to come when the Fed will need to pivot and start cutting rates, and it will need to have built up a decent percentage of around 5% + in order to have enough points to cut with. Banks have a better day The banking industry is breathing again given that First Republic Bank is up around 30% on the day so far, after a brutal sell-off over the last few days, with a 47% tank in share price on Monday alone. Credit Suisse has stopped haemorrhaging for the time being, and UBS, the Swiss bank that bought the beleaguered banking giant, is up 8%. Treasury Secretary Janet Yellen is expected to announce today that the federal government could intervene again if any other banks start to fail. Crypto at critical level So where does all this leave crypto? Obviously, yet another rate raise can&rsquo;t be good for crypto. Already suffering from the loss of 3 major banks that provided fiat on/off ramps, crypto could see a bit of a pull back on a 25 bp rise. However, one of the reasons for the surge in the crypto market cap since the beginning of the year is the expectation that the Fed pivot is coming, even though it still could be some way off. If the Fed should actually surprise the market and cut rates, albeit an extremely minimal possibility, bitcoin and crypto could really motor on upwards. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Web3 gaming company Immutable has entered into a strategic alliance with Layer-2 blockchain platform Polygon to work on a project that will onboard more gamers and developers into the Web3 space. Strategic Alliance Between Competing Networks The strategic partnership between the two leading companies in the blockchain space is focused on creating a new Ethereum scaling network to pair the upcoming Polygon zkEVM with the Immutable platform designed for web3 games. The project seeks to accelerate innovation and adoption in the still-new crypto gaming space. The President of Polygon Labs, Ryan Wyatt, also shared his perspective on the partnership and its role in the future of web3. He said, &ldquo;[Polygon is] a very clean, well-polished end-to-end solution and market for game developers and gamers. There&rsquo;s been some skepticism about where this can go and what is it going to look like&hellip;now you&rsquo;re going to see it go into overdrive these next couple of years&hellip;for me, this is like the next evolution of mainstream adoption. You&rsquo;re already starting to see blockchain games with higher fidelity.&rdquo; Immutable Platform To Scale Ethereum Transactions Since the high traffic on the Ethereum blockchain often causes network congestion, adding to the overall costs, this partnership would help Immutable to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) on the Polygon blockchain. With Polygon&rsquo;s zkEVM technology, transaction costs will be lowered without losing the Layer-1 Ethereum compatibility. As a result, this would make sure that upcoming games are much faster, easier, and pose less risk for gaming studios without Immutable having to build its own alternative blockchain. It will also encourage more independent developers to get involved in web3 gaming. Once Rivals, Now Partners The partnership was revealed at the Game Developer Conference on Monday, where Immutable Co-founder and President Robbie Ferguson spoke at length on the matter, claiming that the partnership would combine the abilities and technologies of the two companies and result in a 100x to 1000x scaling of transactions. Although Immutable X and Polygon are competing scaling networks, both the presidents realized their common goal to scale Ethereum instead of competing against it as Layer-1 rivals. Therefore they joined forces to expand the capabilities of Ethereum instead of creating a new, custom network. Ferguson also said, &ldquo;For us this is a pretty obvious play. We realized very quickly the scaling limitations of Ethereum, but we never wanted to compete with it&hellip;[That] made it a very easy philosophical alignment once we looked past the intense competition we'd had on the gaming front over the past couple of years.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.

BTC/USD Extends Major Rally: Sally Ho&rsquo;s Technical Analysis &ndash; 21 March 2023 Bitcoin (BTC/USD) extended its recent rally early in the Asian session as the pair rocketed to its strongest print since early June 2023, testing selling pressure around the 28578.63 level. Stops were elected above the 27901.68 and 28004.20 levels during the ascent, upside price objectives related to buying pressure that strengthened around the 19568.52 and 20370.01 levels. Prior to this most recent upward wave of buying activity, Stops were elected above the 27609.48 and 26931.99 areas. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37. Buying pressure emerged around the 27218.36 level during a brief pullback, an upside price objective related to buying pressure around the 15460 level. Traders recently lifted BTC/USD from the 24064.72 area during a recent pullback, a level that represents the 78.6% retracement of the depreciating range from 25288.88 to 19568.52. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 27481, 26998, 26803, 26452, 26254, 26020, 25706, 25230, and 25136 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 25035.71 and the50-bar MA(Hourly) at 27637.01. Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho&rsquo;s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The senator from Wyoming – a speaker at CoinDesk's Consensus festival - on crypto's prospects in Washington D.C.

More people now appreciate the fundamental value proposition of having an alternative to the traditional financial system, the report said.

In Todays Headline TV CryptoDaily News: Close to 190 banks could face Silicon Valley Bank's fate. On the heels of Silicon Valley Bank&rsquo;s collapse, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds, because the Federal Reserve&rsquo;s aggressive interest rate hikes to tamp down inflation have eroded the value of bank assets such as government bonds and mortgage-backed securities. Huge crypto fraud losses. According to the FTC&rsquo;s latest report, consumers reported losing over $1 billion to crypto fraud from January 2021 through March 2022. Crypto investment scams, with the promise of high returns, have resulted in one out of every four dollars lost. FTX firms had $6.8B hole in balance sheet at time of bankruptcy. Sam Bankman Fried&rsquo;s crypto empire had a $6.8 billion shortfall in its balance sheet when it filed for bankruptcy last November. That included a deficit of $10.6 billion in the main FTX.com enterprise, while sister trading firm Alameda Research had net assets of $2.6 billion, and FTX Ventures had net assets of $1.3 billion. BTC/USD exploded 4.0% in the last session. The Bitcoin-Dollar pair exploded 4.0% in the last session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 26027.6667 and resistance at 28047.6667. The MACD is currently in the positive zone. ETH/USD skyrocketed 2.1% in the last session. The Ethereum-Dollar pair skyrocketed 2.1% in the last session. According to the CCI, we are in an overbought market. Support is at 1698.7967 and resistance at 1863.7167. The CCI points to an overbought market. XRP/USD exploded 4.8% in the last session. The Ripple-Dollar pair exploded 4.8% in the last session. The CCI indicates an overbought market. Support is at 0.3575 and resistance at 0.3977. The CCI is signalling an overbought market. LTC/USD skyrocketed 1.9% in the last session. The Litecoin-Dollar pair skyrocketed 1.9% in the last session. The CCI is giving a positive signal. Support is at 78.8367 and resistance at 89.9367. The CCI is currently in positive territory. Daily Economic Calendar: US 3-Month Bill Auction Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. The US 3-Month Bill Auction will be released at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT, Germany's Producer Price Index at 07:00 GMT. US 6-Month Bill Auction The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive. DE Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. EMU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. The Eurozone's Trade Balance will be released at 10:00 GMT, Germany's German Buba Monthly Report at 11:00 GMT, the UK's Rightmove House Price Index at 00:01 GMT. DE Buba Monthly Report The German Buba Monthly Report, released by the Deutsche Bundesbank, contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions. UK Rightmove House Price Index The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Washington government officials have continued to view cryptocurrencies sceptically, and things might get grimmer for the fledgling asset class. The U.S. Senate Committee on Banking, Housing, and Urban Affairs recently met in an open session to conduct a hearing on digital assets in response to the turbulence plaguing the markets. The hearing, titled “Crypto Crash: […]

The SEC is recruiting for college traineeships starting at $15.09 an hour, which is less than the minimum wage in Washington D.C. where the regulator is headquartered.

Bitcoin's swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally.

Robust banking solutions for crypto companies and investor interest in the resilience of the ecosystem could serve as key features in the coming months, one developer opined.

The decentralized autonomous organization will move ahead with plans to produce an animated film based on its popular 8-bit NFT characters.