Author: Donald Munn
Japan’s banking giant Sumitomo Mitsui Financial Group (SMBC Group) said it will partner with blockchain startup HashPort to develop NFTs and Web3 projects. Japan in Web3 and NFTs with SMBC Group In Japan, banking giant Sumitomo Mitsui Financial Group (SMBC Group), with $2.1 trillion in assets, said it will collaborate with blockchain startup HashPort to develop NFTs and Web3 projects. NEW: Japanese banking giant SMBC ($2.1 trillion in assets) to develop NFT and Web3 projects — Blockworks (@Blockworks_) July 25, 2022 “NEW: Japanese banking giant SMBC ($2.1 trillion in assets) to develop NFT and Web3 projects”. SMBC Group, which operates…
Bitcoin Analysis Bitcoin’s price was controlled during Wednesday’s trading session entirely by buyers who bullishly engulfed the daily time frame. BTC’s price also closed its daily session +$1,680. The first chart we’re providing analysis for this Thursday is the BTC/USD 4HR chart below from Unity-Trading-Group. BTC’s price is trading between the 23.60% fibonacci level [$21,078.51] and 38.20% [$23,245.75], at the time of writing. Bullish BTC market participants are returned back above the heartline on the 4HR timescale and a trip up to test the current supply line could be next. The first overhead target for BTC traders seeking further upside…
Bitcoin Analysis Bitcoin’s price sold-off heavily during the first 12 hour candle on Tuesday but bullish traders rallied during the second half of the day and BTC’s price concluded its daily session -$31.6. The first chart we’re analyzing for Wednesday is the BTC/USD 4HR chart below from howard2535. BTC’s price is trading between the 0.618 fibonacci level [$20,144.93] and 0.5 [$20,938.84], at the time of writing. BTC’s price closed above the 200W MA on Tuesday and pivoted at that crucial level. The first fib target overhead is 0.5 followed by 0.382 [$21,732.74] and 0 [$24,302.84]. Bearish BTC traders are looking…
Bitcoin Analysis Bitcoin’s price bearishly engulfed the daily timescale on Monday and concluded its daily session -$1,276.6. The first chart we’re looking at for this Tuesday is the BTC/USD 1D chart below from bonic. BTC’s price is trading between 0 [$18,428.17] and 0.236 [$30,562.99], at the time of writing. The targets to the upside for bullish BTC traders are 0.236, 0.382 [$38,070.12], and 0.5 [$44,137.53]. Bearish traders are conversely looking to push BTC’s price back down to a full retracement at the 0 fibonacci level before potentially attempting to send its price back down to test the low teens and…
Bitcoin Analysis Bitcoin’s price closed Sunday’s daily session in green figures and broke up four days of consecutive selling pressure from bearish traders. BTC closed Sunday’s daily candle +$133.2. The first chart we’re leading our price analyses off with this week is the BTC/USD 4HR chart below from Auronex. BTC’s price is trading between 0.236 [$20,982.44] and 0.382 [$23,238.61], at the time of writing. The short-term overhead targets for bullish BTC traders are 0.382, 0.5 [$25,062.08], and 0.618 [$26,885.56]. Bearish BTC traders are seeking a reversal to the downside and are eying the 0.236 level firstly with a secondary target…
Bitcoin Analysis Bitcoin’s price reached its highest level since June 13th and painted an indecision candle on Wednesday. As the day went on BTC sold-off to lower prices during the day’s second 12 hour candle and wrapped-up its daily session -$189. The first chart we’re looking at to kick-off Thursday’s price analyses is the BTC/USD 1D chart below from ImThour. The overhead targets for bullish BTC traders are 0.382 [$29,721.29], 0.5 [$33,289.56], and 0.618 [$36,702.69]. Bearish traders are hoping to put an end to this week’s rally on BTC, the asset’s up 20.8% this week, at the time of writing.…
Bitcoin Analysis Bitcoin’s price was again sent higher by bidders on Tuesday and when traders settled-up BTC was +$922. We’re leading off our price analyses this Wednesday with the BTC/USD 1M chart below from PRO_SMART_Trader. BTC’s price is trading between 1.382 [$21,075.8] and 1.236 [$23,887.5], at the time of writing. The targets for bullish BTC market participants to the upside are 1.236, followed by 1 [$29,247.]. If bullish traders can overcome the 1 fib level and get candle close confirmation above that price on the weekly timescale that will be a major sign to market participants that further upside may…
In recent weeks, both gold and Bitcoin have reversed their trends, returning to attract capital. Interest in gold and Bitcoin returns Investors are once again betting on gold and Bitcoin Over the past month, gold and Bitcoin have been reinforcing a bullish trend despite starting from different paths. Over the past 6/7 months, the yellow metal and the digital currency, despite having common characteristics that make them by their nature safe haven assets, have not performed as expected and have not lived up to this status. Scarcity in number, their intrinsic value, and the role they have carved out for…
Nearly half of the original SHIB tokens of Shiba Inu have been burned. According to data from ShibBurn.com, of the approximately one million billion tokens originally created, as many as 0.4 million billion have already been burned so far. Less than 0.6 million billion remain in circulation, of which 0.03 is locked in staking. Shiba Inu’s circulating supply is reduced For example, more than 1 billion tokens have been burned in the last week, with 104 transactions. In the last 7 days, there have been a total of 1,217,385,404 $SHIB tokens burned and 104 transactions. #shibarmy — Shibburn (@shibburn) July…
A new heat wave hits Texas, and cryptocurrency miners are feeling all the negative effects. Texas summer doesn’t seem like a good place for cryptocurrency miners Mining requires a great deal of electricity consumption from the use of special machinery, which in turn produces heat. To avoid being overheated and to allow them to work at full capacity without problems, the surrounding environment should not be too hot. If this happens, to adequately cool ASICs and graphics cards, miners must resort to additional cooling systems, such as fans and air conditioners. However, these consume additional energy to that already required…