Which way the price will sway from here still remains fairly unclear. There is a growing bearish divergence in the RSI as well as a bullish cross between the 50 and 200-hour moving averages (MA) recently.

All said, there are some visible weaknesses in Bitcoin BUY NOW’s short-term charts. As BeInCrypto’s technical analyst Valdrin pointed out late last week, odds are there that the price could break out soon, but not before falling to around $9,250 and validating that area as a key support level.

Meanwhile, in other big developments from the past couple of days:

Roger Ver Pushes to Make Bitcoin Cash a National Currency

Former CEO of Bitcoin.com and well-known Bitcoin Cash (BCH) proponent Roger Ver has claimed that he will be meeting with a head of state to discuss “making Bitcoin Cash an official currency of a sovereign nation.”

Of course, not everyone seems convinced about his claim considering that he has a history of making such bold claims, albeit without having much to show for. Meanwhile, many critics called out Ver as a hypocrite for trying to cozy up to a national government.

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Ether Options Trading Reaches Record Volume on Some Exchanges

Deribit and OKEx have posted all-time highs in ether option activity. While an increase in options trading activities is not necessarily an indicator of future price changes, the fact that a growing number of Ethereum BUY NOW traders are taking an active role in the market could eventually manifest in some notable price movements.

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Craig Wright’s Legal Team Scrambles

In what looks like a desperate attempt to avoid any further public embarrassment, Craig Wright has filed a motion with the court to maintain secrecy on the Bitcoin addresses containing funds that he claims to have mined during the early days of the coin.

The motion comes days after an early Bitcoin miner signed a cryptographic message using the same 145 addresses claimed by Wright in his ongoing legal tussle with the Kleiman estate. The miner in question also called Wright a “liar and a fraud” for not budging from his claim of being the real Satoshi NakamotoWe don’t know much about the founder (or founders) of Bitcoin — Satoshi Nakamoto — as he pretty much disappeared… More.

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Coinbase to Retroactively Airdrop OmiseGo Tokens to ETH Holders

Coinbase is reportedly preparing to airdropCrypto is a rapidly expanding space and new ways to distribute tokens are continually being developed. Airdrops are used by… More OmiseGo tokens to all customers who have stored EthereumBlockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless… More in their wallets for the last three years or more.

Around 460,000 Coinbase customers will receive the overdue airdrop in their accounts with users getting approximately 0.075 OmiseGo tokens for every ETH they are holding.

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Fed Chairman Powell Says Main Street Loans Just ‘Days Away’

Federal Reserve Chairman Jerome Powell has reportedly promised that Main Street lending is barely a few days away. The program, designed to help mid-sized enterprises, is inviting applications from qualified businesses with the next phase set to begin in June.

Read the Full Article

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As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article. This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments — including but not limited to any that appear in the contents of this article.