In addition to a sharp plunge in its price, BTC saw a spike in its mining difficulty level. The number increased by almost 9% within 24 hours yesterday.

Seller-driven market undermines the falling channel in the SHIB coin price chart. Will the downtrend reach the $0.000015 mark? SHIBA INU’s website invites dog-inspired artists from around the world to promote an “artistic Shiba movement” as they expand the SHIBA INU community into the NFT market. It has also created an initiative using Amazon Smile in order to solicit donations to help rescue live Shiba Inu dogs by partnering with The Shiba Inu Rescue Association. Bitstamp is the largest crypto exchange in Europe has announced that it will offer Shiba Inu to trade in 2022, at the start of the year. Korbit is one of the South Korean exchanges, becoming the first exchange in the country to offer the SHIB token in 2021. Let us move ahead to read about Shiba Inu’s technical analysis. Past Performance of SHIB SHIB coin price succumbs under the selling pressure during the retest of the rising channel breakout, mentioned in our previous article. The coin price decreased by 25% in the past 24 hours, resulting in the creation of a bearish engulfing candlestick. Moreover, the price dives back within the falling channel. SHIB/USD Daily Chart SHIB Technical Analysis The SHIB coin price fails to rise after touching the resistance trendline of the falling channel to retest the bullish breakout. As the price re-enters the falling channel and breaks below the $0.000020 mark, a downfall to $0.000015 is possible. The declining Crucial Exponential Moving Averages on the daily chart provide a bearish crossover between the 50-day and 100-day averages. Additionally, the SHIB coin price trends are lower than the 200-day EMA. The MACD indicator shows the MACD and signal lines diverging, giving a bearish crossover after the recent merger. Moreover, the restart of the falling histogram in the daily chart. The Ultimate Oscillator indicator at 27 reflects a rise in underlying selling pressure as the slope enters the oversold zone. Therefore, the indicator hints at a bearish continuation to $0.000015. In conclusion, the technical indicators showcase a plausible continuation to $0.000015 with the increased trend momentum. Upcoming Trend With the failure of the bullish breakout retest of the falling channel, the SHIB coin price falls under the $0.000020 mark. Moreover, the bearish crossover of the 50 and 100-day EMA increases the bearish attention for the coin price.  The price action shows the support levels present at $0.000015 and $0.000012 present within the falling channel. In case the price gives lower price rejection to rise higher, the resistance level at $0.000020 and $0.000025. At press time, the technical analysis by TradingView gives “STRONG SELL” for the SHIB token. Technical Analysis for SHIBUSD by TradingView

The post SHIB Technical Analysis: Sellers Drive the Price Below $0.000020  appeared first on Cryptoknowmics-Crypto News and Media Platform.

ETH hits bottoms of below $2.4K. Many factors together account for such desperate failures.  Vitalik Buterin blames high gas fees

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The last 48 hours have seen unprecedented happening in the world of cryptocurrencies. According to Larry Cermak, VP of Research at Theblockresearch.com, the interest in futures exchanges has tanked dangerously by 20% in the last two days – from $18 billion to about $14.4 billion. The two exchanges which have seen the most severe carnage

The post Binance And FTX Worst Hit Exchanges As Losses Climb Almost Two Billion Combined appeared first on CoinGape.

The most interesting reads, podcasts, charts, and opinions from the internet this weekend -- curated for you by the Protos newsroom.

The post The Weekend Shift: Flying Taxis, AI Jokes, Brioche-Bun Furniture appeared first on Protos.

Bitcoin has dropped significantly in price over the last few days. Bitcoin’s price dropped 8.75% in the last 24 hours, currently trading at around $35,600. This is no reason to panic, however, according to Plan B, the pseudonymous creator of the Bitcoin stock-to-flow (S2F) model. Plan B has even urged market participants to embrace volatility

The post ‪Bitcoin S2F Founder says Current dip cannot stop Bitcoin from Adding Another Zero appeared first on CoinGape.

The bearish breakout of the descending triangle fallout in the ENJ coin price drives the price lower, indicating a breakout of $1.50.  The Enjin blockchain ecosystem is designed to provide software that allows anyone to build, trade, monetize and trade using blockchain. Enjin has its roots in the gaming industry with the first product of the company a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of 10 years. Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ ENJ coin price shows a fall of more than 30% in the last 72 hours, resulting in the fallout below the horizontal support level at $2. The fallout leads to the breakout of the descending triangle pattern mentioned in our previous article. Moreover, the 20% fall in the last 24 hours with a 40% jump in trading volume indicates a boom in selling pressure.  ENJ/USD Daily Chart ENJ Technical Analysis The fallout below the horizontal support at $2, the ENJ coin price approaches the $1.5 level. However, the increasing selling pressure teases a fallout shortly that will generate a selling opportunity.  The falling Crucial Exponential Moving Averages in the daily chart give a bearish crossover between the 50 and 100-day Averages. Furthermore, the coin price breaks below the 200-day EMA. The Momentum indicator shows the slope failing to sustain above the zero line mark in the daily chart. Currently, heading lower into the negative zone, the slope reflects the rise in underlying bearishness. The Ultimate Oscillator indicator at 25 shows the slope entering the oversold zone with a sudden fall in the daily chart. Hence, the indicator gives a strong sell signal for the ENJ coin.  In conclusion, the technical indicator showcases a rise in selling pressure and hints at the fallout of $1.5. Upcoming Trend The sudden increase in the selling pressure in the ENJ coin price increases the trend momentum. Therefore, the traders can shortly find selling opportunities at the breakout of $1.5. The price action shows the support levels at $1.20 and $1.00. On the opposite end, the coin price may find resistance at $1.80 and $2. At the time of writing, Technical Analysis by TradingView gives a “STRONG SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Triangle Fallout Relays a Selling Race   appeared first on Cryptoknowmics-Crypto News and Media Platform.

The analyst says another leg down for Bitcoin could bring the $30,000 support level…

The post Technical analyst says Bitcoin risks another 22% rout after snapping key level appeared first on Coin Journal.

The rising selling pressure teases a fallout to $3 in the THETA coin price with the crashing crypto market. Is it time to exit? Theta was co-founded by Mitch Liu and Jieyi Long in 2018. Liu has a long-standing history in the video and gaming industries. He co-founded the video advertising company Tapjoy, as well as the mobile social gaming company Gameview Studios and THETA.tv. It is the live streaming platform that’s the DApp which became the initial one to be developed using Theta protocol. Theta’s primary business idea is decentralizing data streaming, video streaming, and edge computing to make it more cost-effective, efficient, and fair to all participants in the industry. Let us move ahead to read about Theta Network’s technical analysis. Past Performance of THETA THETA coin price fell more than 30% in the past 72 hours resulting in the fallout of $4. Moreover, the falling prices break below the descending triangle mentioned in our previous article. The pattern fallout drives the prices lower to the $3 mark that may soon collapse under the extreme selling pressure. Therefore, traders can shortly find a selling opportunity. THETA/USD Daily Chart THETA Technical Analysis With a downfall of more than 20% in the past 24 hours, the THETA coin price heads lower to break the $3 mark. Moreover, the consecutive bearish candles formation indicates a rise in trend momentum and forms three black crows formations.  The falling crucial Simple Moving Averages (20, 50, 100, and 200) in the daily chart maintain a bearish alignment. The price descends under the bearish SMAs with the 20 and 50-day SMA providing dynamic resistance.  The MACD indicator shows a bearish takeover as the fast line crosses below the slow line in the daily chart. The histograms are yet to give significant movement, but the lines below the zero line suggest a bearish trend in action. The Momentum indicator at -1.16 shows an extremely bearish trend as the slope spikes below the zero line in the daily chart. The next possible support for the slope is at -1.75, which can push the slope higher.  In a nutshell, the technical indicators showcase a boom in the underlying selling pressure as the clouds darken over the crypto-verse.  Upcoming Trend The falling THETA coin price under extreme selling pressure may shortly break below the $3 mark. The breakout will bring an excellent selling spot for traders as the market takes a bearish route.  The price action shows the support levels present at $2.5 and $2 present below the $3 mark. However, if the bulls manage to find some momentum, the resistance at 20 and 50-day SMA will be hard to break above. At the time of writing, the technical analysis widget by TradingView gives a “STRONG SELL” for the THETA coin. Technical Analysis for THETAUSD by TradingView

The post THETA Technical Analysis: Exodus of Sellers Threaten $3 Fallout  appeared first on Cryptoknowmics-Crypto News and Media Platform.

The president of El Salvador, Nayib Bukele announced the purchase of 410 Bitcoin (BTC) for $15 million in the midst of a day of sharp declines in the cryptocurrency markets, as the flagship cryptocurrency trades below $37,000, last seen during July 2021. “I was wrong, didn’t miss the Bitcoin dip. El Salvador just bought 410 BTC for only 15 million dollars, Some guys are selling really cheap,” Bukele said in a Tweet on Friday. Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars 🥳 Some guys are selling really cheap 🤷🏻‍♂️ https://t.co/vEUEzp5UdU — Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022 With the latest addition, the total Bitcoin holding of El Salvador stands at 1801 BTC, currently valued at about $66 million. A few hours before the announcement, news was also revealed that the government of El Salvador has planned on offering small and medium-sized companies (SME) for $10 million in crypto loans during the first quarter of 2022. Acumen, a Solana-based lending platform, will be financing the initiative of the National Commission for Micro and Small Businesses (CONAMYPE) with an annual interest between 6 percent and 7 percent with a maximum of 10 percent. The platform will use stablecoins like USDC or USDT to Conamype which would then distribute to entrepreneurs through Banco Hipotecario, a government-owned bank. The entrepreneurs would then pay the loan and its interest in the U.S. dollars to the Mortgage Bank, which would then be in charge of paying the debt to Acumen. In September, El Salvador became the first country in the world to adopt bitcoin as legal tender despite criticisms from global financial institutions like the IMF and World Bank. After the acceptance of BTC, the country announced tax exemption for foreign investors on BTC profits. The President of El Salvador later pledged to build a tax-free Bitcoin City for certain crypto investors in addition to establishing geothermal bitcoin mining facilities to make the Central American country a global crypto mining hotspot.

The post El Salvador Just Bought 410 BTC for $15M appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto futures trading information platform Coinglass says that over a billion dollars worth of crypto has been liquidated over the past 24 hours as Bitcoin (BTC) now trades below $40,000. According to the Coinglass liquidation data, over 213,000 traders were liquidated over the last day at a combined value of over $1.14 billion. Bitcoin leads […]

The post Over $1,142,000,000 in Crypto Liquidated in Just 24 Hours As Bitcoin Trades Below $40,000, According to Coinglass appeared first on The Daily Hodl.

The API3 price has surged by more than 42% as the majority of cryptocurrencies…

The post Here is why API3 token is rallying as the majority of cryptocurrencies fall appeared first on Coin Journal.