Tag: Support

Bitcoin Holds Key Support, Though Reclaiming Upside May Prove Challenging

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Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000. Bitcoin started a fresh decline below the $88,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $85,500 zone. Bitcoin Price Attempts Recovery Bitcoin price failed…

Bitcoin Analysts Warn Of Catastrophic Drop To $50,000 If Key Support Fails

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Key points: Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000.  Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels. Bitcoin (BTC) began December on a weak note, signaling that the bears are not willing to let go of their advantage. Veteran trader Peter Brandit said in a post on X that BTC’s chart shows support in the sub-$70,000 to mid-$40,000 zone. Another analyst who is cautious in the…

Strategy launches $1.4 billion reserve to support dividend payments

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Key Takeaways Strategy established a $1.4 billion USD reserve to support dividend payments and interest obligations. The reserve was funded by selling MSTR Stock and the company increased its regular dividend rate on STRC Stock. Share this article Strategy, the largest corporate holder of Bitcoin, has set aside a $1.4 billion USD reserve to stabilize dividend and interest payments, funded through recent ATM stock sales, and plans to scale the reserve to cover at least 24 months of obligations, according to a new SEC disclosure. From mid-November to month-end, the…

XRP Price Dips Under Crucial Support, Putting Spotlight on Lower Price Targets

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Anchorage Digital Adds HYPE Staking Support on HyperCORE

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Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM.  Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is being offered through Anchorage Digital Bank and through Anchorage Digital Singapore, which holds a Major Payment Institution license. The company said staking will also be available through Porto, its self-custody wallet. The bank is partnering with staking infrastructure provider Figment to run the underlying validator infrastructure, it said in…

Congressman introduces bill to permit Bitcoin tax payments and support strategic Bitcoin reserve

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Key Takeaways Rep. Warren Davidson has proposed a bill enabling federal tax payments in Bitcoin and allocating those payments to the US Strategic Bitcoin Reserve. Current tax law treats the use of Bitcoin for payments as a taxable event, creating a barrier to adoption. Share this article Rep. Warren Davidson today introduced legislation that would allow Americans to pay federal taxes in Bitcoin without incurring capital gains liability on the digital asset. The proposed bill, the Bitcoin For America Act, also supports Congressional work on the Strategic Bitcoin Reserve. It…

Bitcoin Signals Decline Toward $75K After Breaking 2023-Era Support

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Key takeaways: Bitcoin’s drop below its MVRV Mean band puts $75,700 as the next major downside target. BTC whales are accelerating their purchases as Wall Street analysts predict a 40% price rebound by year-end. Bitcoin (BTC) may be preparing for a deeper decline after breaking below a crucial long-term support level that has helped stabilize its price since 2023. Bitcoin price could plunge to $75,700 The BTC support stemmed from the MVRV Extreme Deviation Bands, a set of lines that indicate when Bitcoin is overvalued or undervalued compared to what…

XRP Price Slips Toward $2.00, Increasing Pressure on Short-Term Support Levels

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Continues Lower, Raising Fears That $90K Support May Not Hold

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Bitcoin price failed to recover above $95,000. BTC is down over 4% and there are chances of more downsides below $90,000. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $95,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $91,500 zone. Bitcoin Price Continues To Weaken Bitcoin price failed to stay…

Digital Chamber Unveils State Network to Support US Crypto Policy

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Crypto advocacy group The Digital Chamber has launched a new initiative to drive digital asset policies at the state level across the US and educate lawmakers in the lead-up to the 2026 midterm elections.  Called the State Network, the initiative is aimed at establishing a collaborative ecosystem connecting policymakers, regulators and people in the industry who want to advance blockchain adoption across the US, The Digital Chamber announced on Monday.  Inaugural members of the network include Michael Saylor’s company Strategy, proof-of-stake public distributed ledger Hedera and blockchain infrastructure research company…