Price analysis 8/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, DOT
The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Source link
Bitcoin traders pinpoint support levels as BTC price taps $26.2K
Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts. BTC/USD 1-hour chart. Source: TradingView BTC price 200-week EMA stands out as support Data from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open. BTC/USD managed $26,226, marking its highest…
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Google updates service policies to comply with EU regulations
Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post. The Big Tech giant said it had made “significant investments” in various areas to comply with the DSA’s specific requirements. It plans to expand its Ads Transparency Center, researchers’…
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Binance adds fiat currency restrictions for Russian users
Cryptocurrency exchange Binance continues introducing more restrictions for Russian customers on its peer-to-peer (P2P) trading platform. Binance P2P has banned Russian residents from using fiat currencies other than the Russian ruble, Binance announced on its Telegram channel on Aug. 27. Binance’s Russian clients residing outside the country have also been banned from using currencies like…
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OKX and Bybit remove sanctioned Russian banks from payments list
At least two major crypto exchanges followed Binance by excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of peer-to-peer (P2P) transactions on Bybit and OKX. According to Russian media, local users can no longer receive fiat money in exchange for their…
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Laos halts electricity supply to crypto mining projects amid drought
Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions. According to the announcement, Laos experienced drought in the first half of 2023. The extreme heat resulted…
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September ‘crash’ to $22K? — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week still struggling with $26,000 as August becomes its worst month of 2023. BTC price strength remains dubious after a snap crash ten days ago, with bulls unable to wrestle back control of the market to provide a relief bounce. The outlook looks similarly uncertain — September is traditionally a…
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Indian PM Modi calls for global cryptocurrency framework at G20 Summit
Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of the G20, India has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies. The G20 comprises 19 countries and the European Union, representing the world’s…
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Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more
‘Global economic reset’ could push Bitcoin to 2020 levels A potential “global economic reset” could see the price of Bitcoin (BTC) pushed down to a level not seen since mid-2020, according to Bloomberg Intelligence senior macro strategist Mike McGlone. On Aug. 25, McGlone spoke to Kitco News suggesting that troubling economic indicators from China reportedly…
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Bitcoin revenue per terahash nears record lows as hashrate soars
Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, while hash rate has reached new highs. Over the past week, Bitcoin network hash rate topped 414 exahashes per second (EH/s) on Aug. 18…
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