Bitcoin Crypto News

Access To Crypto Exchange OKX Is Blocked In Russia – Here’s Why

The Russian government reportedly blacklisted OKX’s IP address on Wednesday for possible illegal activity related to a violation of Article 15.3 of Russia’s information law, reports said. According to Roskomnadzor, Russia’s internet censorship regulator, the Seychelles-registered cryptocurrency exchange disclosed information associated with “financial pyramid activities.” Roskomnadzor noted that the information includes details on the “provision of financial […]

Crypto News Ethereum

TA: Ethereum Price Looks Ready For Another Leg Higher Over $1,500: Here’s Why

Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance. Ethereum is gaining pace and recently traded above the $1,375 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,400 resistance. Ethereum Price Remains Supported Ethereum remained well bid above the $1,300 and $1,310 levels. ETH formed a base above the $1,320 level and started a fresh increase above the $1,3330 level. There was a steady increase above the $1,350 resistance level and the 100 hourly simple moving average. Besides, there was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD. The pair even climbed above the $1,375 resistance zone. A high was formed near $1,385 and the price is now consolidating gains. Ether price is trading above $1,350 and the 100 hourly simple moving average. It is now trading near the 23.6% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. On the upside, the price is facing resistance near the $1,385 zone. The first major resistance is seen near the $1,400 level. Source: ETHUSD on TradingView.com A clear break above $1,400 might start a steady increase towards the $1,450 level. The next major resistance could be near the $1,500 level, above which the price could gain bullish momentum. In the stated case, the price may perhaps rise towards the $1,550 level. Dips Supported in ETH? If ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,365 level. The next major support is near the $1,350 level. It is near the 50% Fib retracement level of the upward move from the $1,316 swing low to $1,385 high. A downside break below the $1,350 level might send the price towards the $1,320 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,350 Major Resistance Level – $1,400

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Altcoins

Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It ‘Opportunity of a Lifetime’

Popular crypto analyst Michaël van de Poppe is reiterating his conviction that Chainlink’s (LINK) current price is a rare opportunity for investors. He tells his 629,900 Twitter followers that Chainlink’s current price remains an “opportunity of a lifetime,” doubling down on his bullish position for LINK. “So far, so good for Chainlink. The price between […]

The post Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It ‘Opportunity of a Lifetime’ appeared first on The Daily Hodl.

Bitcoin Price Prediction for Today October 6: BTC Price Holds above $20.1K

Bitcoin Whales Escalate Feeding Frenzy, Collectively Add Over $930,000,000 in BTC: Santiment

Bitcoin Reclaims $20,000 As Key Metrics Point To Potential Bottom

Mining

Bitcoin mining pool Poolin in distress following liquidity crisis

The Bitcoin mining pool Poolin on September 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network.

The post Bitcoin mining pool Poolin in distress following liquidity crisis appeared first on CryptoSlate.

Bitcoin Mining

Bitcoin mining hashrate touches new all-time high, mining difficulty expected to rise

Bitcoin’s (BTC) hashrate has spiked to a new all-time high amid the current bear struggles of the broader crypto market.

The post Bitcoin mining hashrate touches new all-time high, mining difficulty expected to rise appeared first on CryptoSlate.

Bitcoin Crypto News Mining

Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

Bitcoin mining raises a “set of red flags for any consideration as a sustainable sector,” according to researchers.

Bitcoin Mining

Is Mining Censorship A Serious Threat To Bitcoin?

Several mining entities have attempted censorship attacks on the Bitcoin network. Does the practice pose a threat to its permissionless ethos?